May 27, 2024
Dental Market

The Global Dental Market Is Driven By Rising Demand For Advanced Cosmetic Dentistry Procedures

The global dental market comprises of various dental products and equipment used for diagnosis, treatment, and prevention of dental diseases and conditions. Dental products include dental implants, dental crowns and bridges, dental prosthetics, orthodontic braces, dental biomaterials, dental equipment such as dental lasers, dental radiology equipment and dental hand pieces. These products are used by dental professionals for treatment of dental caries, periodontal diseases, missing teeth replacement and improvement of smile aesthetics through procedures such as dental veneers, teeth whitening and alignment through braces. The demand for advanced cosmetic dental procedures for teeth whitening, alignment and replacement is growing significantly owing to increasing self-consciousness about physical appearance. Moreover, the growing geriatric population worldwide which is more prone to dental issues also contributes to the rising demand of dental products and equipment.

The global dental market is estimated to be valued at US$ 36609.25 Mn  in 2024  and is expected to exhibit a CAGR of 6.2%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

One of the key trends witnessed in the global dental market is the growing adoption of dental implants. Dental implants have emerged as a popular and effective treatment option for replacing missing teeth. Factors such as biocompatibility of dental implants with body tissues, longevity and durability offered, and natural appearance achieved are fueling the demand of dental implants significantly. It is estimated that around 3.5 million dental implants are placed globally every year. Advancements in implant surface modifications have further increased the success rates of dental implants. Growing prevalence of risk factors for tooth loss such as periodontal diseases, untreated dental caries and trauma injuries will continue to drive the dental implants market during the forecast period.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the dental market is moderate as setting up dental clinics and starting operations require large capital investments. However, the demand for dental services is increasing steadily which may attract new players.

Bargaining power of buyers: The bargaining power of buyers is moderate to high. Buyers have various choices when it comes to dental clinics and dentists. They can compare costs, services offered and choose accordingly.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw material manufacturers face intense competition. However, medical-grade materials require quality certifications and approvals.

Threat of new substitutes: There are no close substitutes for dental services and products. While some over-the-counter toothpaste and mouthwashes are alternatives for minor dental issues, they cannot replace professional dental treatments and procedures.

Competitive rivalry: The competitive rivalry in the market is high among major players. Companies compete on service quality, technology, pricing and customer experience to gain a larger market share.

Key Takeaways

The global Dental Market Demand is expected to witness high growth over the forecast period supported by increasing awareness regarding oral health and growing geriatric population. The global dental market is estimated to be valued at US$ 36609.25 Mn  in 2024  and is expected to exhibit a CAGR of 6.2%  over the forecast period 2023 to 2030.

North America currently dominates the market owing to continuous technological advancements and wide insurance coverage for dental procedures in the region. Europe, China, and India offer lucrative opportunities for players due to rising disposable incomes, growing dental tourism and improving healthcare infrastructure in these regions.

Key players operating in the dental market are Dentsply Sirona, Henry Schein, Straumann, Patterson Companies Inc., and Envista Holdings Corporation. Dentsply Sirona is a leading manufacturer and provider of professional dental products and technologies with a strong geographic presence across North America, Europe and emerging markets. Henry Schein is a leading distributor of health care products and services, offering dental equipment and supplies to dental practices. Straumann is a global leader in implant and restorative dentistry and focuses on developing innovative products for dental implants, prosthetics and orthodontics.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it