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Dental Service Market Will Grow at Highest Pace Owing to Increasing Healthcare Expenditure

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poojasalve @poojasalve · Dec 5, 2024

The Dental Service Market comprises procedures and operations performed to diagnose, prevent or treat diseases of gums and supporting structures of teeth. Some of the common dental services offered include cleanings, exams, fillings, crowns, root canals, dental implants and cosmetic procedures.

Dental Service Market Demand is rising globally due to increasing awareness about oral hygiene and its link to overall health. Preventive services help maintain good oral health and treat diseases at an early stage. Technological advancements have made treatments less painful and more effective.

The Global Dental Service Market is estimated to be valued at US$ 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 Aspen Dental Management Inc., Pacific Dental Services, InterDent, Inc., Smile Brands Inc., American Dental Partners, Inc., Dental Care Alliance, LLC, Western Dental Services, Inc., Great Expressions Dental Centers, Gentle Dental of New England, Coast Dental, Southern Dental Alliance, MyDentist, Abano Healthcare Group, 1300SMILES, HealthPartners Dental Clinic, Q and M Dental Group, Apollo White Dental, Axis Dental. The demand for dental services is growing due to increasing healthcare expenditure, rising geriatric population and growing incidence of oral diseases. Technological advancements like CAD/CAM systems, 3D dental scanners and intraoral cameras have enabled accurate treatment planning and enhanced patient experience.

Market Trends

Rise in cosmetic dentistry: With increasing awareness about aesthetics, demand for cosmetic dental procedures like teeth whitening, dental veneers and dental implants is growing. This segment is expected to witness highest growth over the forecast period.

Consolidation of dental practices: Large dental service organizations are acquiring small private practices to build scale and provide comprehensive care. This trend allows dentists to focus on core responsibilities while business operations are managed more efficiently.

Market Opportunities

Emergence of dental tourism : Countries like India, Hungary, Mexico offer advanced dental treatments at lower costs compared to developed nations. This has boosted medical tourism globally.

Teledentistry: It involves utilizing telehealth solutions to provide dental care and consultations to remote areas. This increases access to quality dental services and reduces healthcare costs.

Impact of COVID-19 on Dental Service Market growth
The COVID-19 pandemic has significantly impacted the growth of the Dental Service Market. During the peak of the pandemic in 2020-2021, most dental clinics and hospitals remained shut due to lockdowns and social distancing norms. This led to a huge decline in routine dental checkups and non-emergency dental procedures. Patients also avoided visiting dental facilities for their general dental care needs due to fear of contracting the virus.

The demand for basic dental services reduced drastically as people prioritized more emergency healthcare needs over routine dental visits. This decline in demand along with dental facilities remaining shut had a considerable negative impact on the revenues of dental clinics, hospitals, and service providers in this market. The revenues of dental product manufacturers also declined as the demand from dentists reduced.

However, as lockdowns ease and vaccination rates increase globally, the Dental Service Market is witnessing steady recovery in growth. Most regions have lifted lockdown restrictions on dental facilities now. Dental clinics and hospitals are ensuring safety measures like social distancing, use of PPE kits, regular sanitization to regain patient confidence. The demand for routine and non-emergency dental care is also recovering gradually.

To sustain the market recovery, dental service providers are focusing on digital technologies like tele-dentistry and investing in advanced dental equipment. They are also improving safety protocols to minimize infection risks and ensure patient and staff safety. Overall, the COVID-19 pandemic had a major short term negative impact but the market is recovering well and expected to reach pre-pandemic growth levels in the coming years with increasing vaccination rates and adherence to safety measures.

The Dental Service Market in terms of value is most concentrated in the North America region. North America accounted for the largest share of over 40% of the global market value in 2024 mainly led by the United States. High prevalence of dental diseases, availability of advanced dental technologies, strong reimbursement structure, and high healthcare spending are some major factors contributing to North America's concentration in the global Dental Service Market in terms of value.

The Asia Pacific region is projected to grow at the fastest rate for the global Dental Service Market regional Analysis during the forecast period of 2024 to 2031. Factors such as rapidly growing economy, increasing focus on healthcare, rising dental healthcare expenditure, expansion of private dental clinics and hospitals, and growing medical tourism are expected to drive the high growth in the Asia Pacific region. Countries like China, Japan and India are anticipated to significantly contribute to the fastest Dental Service Market growth from the Asia Pacific region during the forecast period.

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About Author-

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)