The Dental Services Market size was estimated at US$ 310.7 billion in 2020 and is anticipated to grow at a CAGR of 6.10% during forecast period 2021 to 2030.
The Dental Services Market size was estimated at US$ 310.7 billion in 2020 and is anticipated to grow at a CAGR of 6.10% during forecast period 2021 to 2030.
The global Dental Services Market size is expected to be worth around US$ 654.5 billion by 2030, according to a new report by Vision Research Reports.
The marketing efforts to commercialize dental practices including education camps and online campaigns are contributing to the adoption of dental services. The rapid urbanization around the world, constant economic growth, and the rising disposable income of people have contributed to the relatively steady growth of the market. In addition, per capita consumption expenditure on healthcare services is likely to significantly increase in the coming years.
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The market for dental services was severely impacted due to the COVID-19 pandemic as the clinics were closed due to the imposed social distancing. In March 2020, the American Dental Association (ADA) issued guidelines to postpone elective dental procedures. Only the emergency procedures were allowed to carry out during the early phase of the pandemic.
Report Coverage | Details |
Market Size | US$ 654.5 billion by 2030 |
Growth Rate | CAGR of 6.10% From 2021 to 2030 |
Base Year | 2020 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2030 |
Segments Covered | Type, End-use |
Regional Scope | North America, Latin America, Europe, Asia Pacific, MEA |
Companies Mentioned | Aspen Dental Management Inc.; InterDent, Inc.; National Health Service England; The British United Provident Association Limited; Apollo White Dental; Abano Healthcare Group Limited; Coast Dental; Dental Service Group; Axis Dental |
Type Insights
In 2020, the dental implants segment dominated the market and held a revenue share of over 20.0%. Dental implant restoration is considered an advanced oral procedure and it provides patients with functionally and aesthetically feasible options for tooth replacement.
According to the American Association of Oral and Maxillofacial Surgeons (AAOMS), around 70% of adults aged 35 to 44 have lost at least one tooth permanently due to disease, decay, or an accident. Hence, the demand for implants is on the rise. The research & development in the field of dental implants have increased in the past few years and are anticipated to expand in the future, offering better biomaterials, surface modifications, and improved implant designs.
The cosmetic dentistry segment is expected to witness the fastest growth from 2021 to 2028 owing to the rising adoption of teeth appearance improvement procedures. Some of the cosmetic dental procedures include teeth whitening to remove staining and treat discolorations. Moreover, the patients prefer crowns, inlays and onlays, composite bonding, and veneers, among others, to improve their oral appearance.
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End-use Insights
In 2020, the dental clinics segment dominated the market with a revenue share of more than 65.0% and is likely to grow at the fastest rate from 2021 to 2028. The majority of dental patients visit private practice dental clinics due to the availability of specialists. Over 80% of the dental practices are run by the owners. The number of independent practices is rising across the globe. This trend is likely to continue in the coming years owing to the cost efficiency, the availability of specialists, and technologically advanced equipment.
During the initial phase of the COVID-19 pandemic, the dental care market faced many issues as the dentists’ offices were at high risk of spreading the infection. The dental clinics were not operating during the initial phase. However, the practices are getting back to their normal operations. In these unprecedented times, dental professionals should be well-informed about the recent guidelines to follow in accordance with the regulatory protocols to avoid the spread of the virus.
Regional Insights
In 2020, North America dominated the market with a revenue share of over 45.0% owing to factors including preventive approach towards oral care and hygiene, the presence of independent clinics, growing R&D activities in dentistry, and rising disposable income. The increasing government funding for dental programs is likely to contribute to the market growth. The U.S. federal funding for Medicare & Medicaid is expected to increase the demand for oral care services as patients are likely to pay less out-of-pocket expenses.
Asia Pacific is anticipated to witness the fastest growth from 2021 to 2028 due to the growing number of clinics, rising dental tourism, increasing R&D in manufacturing, and growing awareness about oral care. The majority of the dental practices in Asia Pacific are private. The healthcare infrastructure in Asia Pacific is expanding with advanced technology and equipment. Various companies and governments of countries, such as China and India, are introducing initiatives to spread awareness regarding dental care. For instance, in June 2021, My Dental Plan announced that it would add 4,000 more clinics, thereby expanding its reach to 250 cities by the end of 2021.
Key Players
- Aspen Dental Management Inc.
- InterDent, Inc.
- National Health Service England
- The British United Provident Association Limited
- Apollo White Dental
- Abano Healthcare Group Limited
- Coast Dental
- Dental Service Group
- Axis Dental
Market Segmentation
- Type Outlook
- Dental Implants
- Orthodontics
- Periodontics
- Endodontics
- Cosmetic Dentistry
- Laser Dentistry
- Dentures
- Oral & Maxillofacial Surgery
- Others
- End-use Outlook
- Hospitals
- Dental Clinics
- Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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