The Dental Service Market comprises services offered by dental professionals such as dentists, orthodontists, prosthodontists to prevent, diagnose, and treat problems associated with teeth and gums. Common dental services include teeth cleaning, dental examination, teeth whitening, fillings, root canals, crowns, bridges, dentures, and oral cancer screening. There is a growing demand for dental services owing to the rising prevalence of dental caries and periodontal diseases across the world.
According to the World Health Organization, oral diseases affect nearly 3.5 billion people worldwide. Furthermore, the increasing consumer awareness regarding oral hygiene and aesthetics is fueling the growth of cosmetic dentistry procedures such as teeth whitening and dental veneers. The Global Dental Service Market is estimated to be valued at USD 460.1 Bn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Dental Service Market are Henry Schein, Patterson Companies Inc., and Dentsply Sirona.
The key opportunities in the Dental Services Market Demand include a rise in medical tourism for cost-effective dental treatments and an increase in demand for advanced restorative procedures.
Global expansion of leading dental chains and private equity investments are expected to boost the reach of dental services across geographies.
Market Drivers
Rising geriatric population suffering from dental diseases: The proportion of elderly people over 60 years is growing rapidly worldwide. This age group is more prone to dental problems like caries, dental erosion, and periodontal disease.
Increasing dental insurance coverage: Growing dental insurance plans are making dental treatments more affordable for people, thus driving the demand for dental services. However, out-of-pocket costs for some specialized procedures remain high.
Market Restrains
High cost of advanced dental equipment and treatments: Equipment like 3D printers, cone beam CT scanners needed for specialized procedures increase the fixed costs for dental practitioners. This can restrict the accessibility of premium services.
Shortage of dental professionals in underserved areas: There is geographic maldistribution of dentists, with many rural and remote areas facing shortages. This hampers quick access to dental care services.
Segment Analysis
Dental Service Market is bifurcated into orthodontic services, periodontic services, endodontic services, prosthodontic services and other services. Among them, periodontic services holds the dominant share owing to the increasing prevalence of periodontal diseases across the world. Periodontal diseases are mostly common chronic infections that affects gums and bones supporting the teeth. Diseases such as gingivitis and periodontitis are highly common among population, thereby increasing the demand for periodontic services.
Global Analysis
North America reigns the global Dental Service Market and holds majority share owing to advanced healthcare infrastructure and rising dental expenditure in countries like US and Canada. Asia Pacific demonstrates the fastest growth rate over the forecast period due to escalating unmet medical needs, rising medical tourism and improving access to dental care in highly populated countries like China and India. Additionally, increasing healthcare expenditure and growing focus towards oral health are some key factors responsible for market growth in Asia Pacific region. Europe holds second largest share in global market and is expected to witness steady growth rate during forecast period.
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