Dental Market: Growing at a CAGR of 7.4%
Dental Market Size, Share & COVID-19 Impact Analysis, By Type (Dental Consumables and Dental Equipment), By End-user (Solo Practices, DSO/ Group Practices, and Others), and Forecast, 2022-2029
The global dental market size was valued at USD 36.32 billion in 2021 and is projected to grow from USD 38.84 billion in 2022 to USD 63.93 billion by 2029, exhibiting a CAGR of 7.4% during the forecast period. Based on our analysis, the market exhibited a decline of -7.6% in 2020 as compared to 2019. The global COVID-19 pandemic has been unprecedented and staggering, with the products experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.
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Segmentation
The dental market is segmented by product, service, end user, and region.
The product segment is further segmented into consumables, equipment, and software. Consumables are the largest segment, and they include products such as toothpaste, toothbrushes, and floss. Equipment is the second largest segment, and it includes products such as dental chairs, x-ray machines, and lasers. Software is the smallest segment, and it includes products such as practice management software and dental imaging software.
The service segment is further segmented into preventive, restorative, and cosmetic. Preventive services are the largest segment, and they include services such as cleanings and exams. Restorative services are the second largest segment, and they include services such as fillings, crowns, and bridges. Cosmetic services are the smallest segment, and they include services such as whitening, veneers, and implants.
The end user segment is further segmented into hospitals, dental clinics, and home care. Hospitals are the largest segment, and they provide dental care to inpatients. Dental clinics are the second largest segment, and they provide dental care to outpatients. Home care is the smallest segment, and it includes services such as dental cleanings and exams that are provided in the home.
The region segment is further segmented into North America, Europe, Asia-Pacific, and Latin America. North America is the largest market for dental care, due to the high awareness of oral health and the high disposable incomes. Europe is the second largest market, and Asia-Pacific is the fastest-growing market.
Key Players
The key players in the dental market include Dentsply Sirona, 3M, Straumann, Danaher, and Henry Schein. These companies are investing in research and development to develop new and innovative dental products and services.
Trends
The dental market is expected to continue to grow in the coming years, driven by the following trends:
Increasing awareness of oral health: There is an increasing awareness of the importance of oral health, and this is driving the demand for dental care services and products.
Ageing population: The ageing population is a major driver of the dental market, as older adults are more likely to experience dental problems.
Rising disposable incomes: The rising disposable incomes in developing countries is also driving the demand for dental care services and products.
Conclusion
The dental market is a growing market, and it is expected to continue to grow in the coming years. The market is being driven by the increasing awareness of oral health, the ageing population, and rising disposable incomes.
