The Dental Service Market comprises a dynamic range of services offered by dental professionals to treat dental issues and maintain oral hygiene. Routine dental check-ups, tooth cleaning, dental examination, diagnosis, preventive care, endodontic treatments, periodontics, prosthodontics, orthodontics, and other cosmetic dentistry services aim to promote oral health and address common dental problems from cavities to gum diseases.
Rapid urbanization, sedentary lifestyles, increasing consumption of cariogenic foods and drinks have significantly upsurged the prevalence of dental caries and periodontitis worldwide. Additionally, growing awareness about the importance of oral healthcare and smile makeovers is propelling the demand for advanced cosmetic dentistry procedures.
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, Inc., Patterson Companies, Inc., American Dental Partners, Planet DDS, Apollo White Dental, TDIC Insurance Solutions Corporation, Coast Dental Services LLC, Pacific Dental Services LLC, Q and M Dental Group (Asia) Limited and Axiss Dental.
The rapidly growing geriatric population prone to oral health issues and rising medical tourism in low-cost dental destinations are fueling the Dental Services Market Demand globally. Various government initiatives to spread awareness about oral healthcare and subsidize dental treatments have further propelled the market's growth. Major dental service chains are focusing on global expansion through mergers and acquisitions to leverage profitable growth opportunities. For instance, in May 2020, Pacific Dental Services completed the acquisition of 38 practices in Washington, adding over 120 dental professionals to its network.
Market Key Trends Increasing Consolidation - Large dental service organizations are consolidating practices to garner economies of scale and efficiencies. This allows them to offer standardized high-quality services at competitive prices. For example, in 2022, Heartland Dental completed the acquisition of over 150 dental practices, growing its network to over 1,600 locations nationwide.
Focus on Advanced Technologies - To provide enhanced patient experience and outcomes, key players are increasingly focusing on automating practices with CAD/CAM systems, 3D imaging, lasers & lights. Some are also deploying AI/VR to facilitate remote consultations, training and explore new revenue streams. Emphasis on Value-based Care - There is growing inclination towards preventive dentistry and oral health maintenance plans. This involves emphasis on risk assessments, chronic disease management, cost control through efficiencies and improved collaboration between dental insurance payors and providers.
Porter's Analysis Threat of new entrants: Dental services require huge capital investments and regulatory compliance which pose high entry barriers for new players. Bargaining power of buyers: Individual consumers have low bargaining power due to inelastic demand for dental services but insurance providers enjoy better bargaining power. Bargaining power of suppliers: Dental equipment and consumables suppliers have moderate bargaining power as they have to depend on dental clinics for sales revenues. Threat of new substitutes: There are limited substitutes available for dental services though some treatments can be delayed or avoided. Competitive rivalry: Dental clinics compete intensely on service quality, technology, customer experience and brand value to gain higher market share.
Geographical Regions North America currently holds the largest share in the global dental services market in terms of value owing to factors such as presence of leading dental facilities, rising dental tourism and growing dental expenditure. The Asia Pacific region is anticipated to grow at the fastest CAGR during the forecast period. This can be attributed to increasing unmet dental care needs, growing medical tourism sector and rising healthcare expenditure in developing countries of Asia Pacific.
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Patients worried about how their teeth look are increasingly disposed to make a meeting with a restorative dental specialist who is gifted in giving medicines that make the teeth look more white, more brilliant, and progressively common in appearance.
Both general and corrective Cosmetic Dentistry specialists have the right stuff expected to finish a variety of regularly performed dental techniques that are basic or complex in nature.
A cosmetic dental specialist has a similar fundamental preparing that a general dental specialist gets, however with some extra instruction having happened also.
In the event that you visit a restorative dental specialist for teeth brightening, your teeth should initially be cleaned all together for the method to function admirably.
In the event that you have a seriously rotted tooth that necessities fix and you go to a corrective dental specialist to get a stylishly engaging arrangement, the dental specialist will take x-beams preceding the picked system.They perform Laser Dentistry process also .
Do General and Cosmetic Dentist Charge Different Prices for the Same Procedure?
