DENTAL MARKET ANALYSIS

Dental health is related to mouth, teeth, and gums. An objective of dental health is to prevent certain complications such as gum disease, tooth decay, as well as to maintain the health of the mouth. Gum disease and tooth decay may cause tooth damage, bad breath, yellowing of the teeth, and loss of teeth. These kinds of problems can influence a person’s confidence and results in feeling insecure about appearance. Regular dental care routine can prevent most of this damage and the existing damage can be repaired. Dental industry has witnessed notable technological innovations, which directly benefit dental practices. Development of electrosurgery and laser surgery techniques allow dentists to perform precise incision at the time of surgeries and causes less damage to tissues. Advancement of computer-aided design and computer-aided manufacturing (CAD/CAM) has minimized the time required for prosthodontic restoration procedures up to one day. Conventional radiology equipment has been replaced with digital radiology equipment that is equipped with picture archiving and communication systems (PACS), making it easy to archive treatment records. Many people in the world cannot afford dental care due to expensive dental procedures.

The global dental market is estimated to be valued at US$ 32,156 million in 2021 and is expected to exhibit a CAGR of 6.7 % over the forecast period (2021-2028).

Figure 1. Global Dental Market Share (%), By Region, 2021

The increasing innovative developments for business expansion for the treatment of dental diseases is expected to drive the market growth over the forecast period.

For instance, in February 2021, Zimmer Biomet Holdings, Inc., a global leader in musculoskeletal healthcare, announced that its aim is to create an independent Dental and Spine business to create a new and independent, publicly traded company ‘NewCo’. This will increase the focus of NewCo and Zimmer Biomet to reach the patient’s and customer’s expectations in order to improve quality of life for people across the globe.

Figure 2. Global Dental Market Share (%), By Product Type, 2021

The increasing product launches is expected to drive the market growth over the forecast period.

For instance, in July 2021, Nexa3D, a 3D printer manufacturer, announced the commercial availability of xMODEL 2505 dental material, which is used for dental prosthetics. This rigid pale sandy coloured material is suitable for the ultrafast production of additively manufactured dental removable dies, thermoformed dental models, and other dental model applications. 

Global Dental Market– Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic and lockdown in various countries across the globe has negatively impacted the financial status of dental businesses in the world. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions.

Dental practices across the world were closed during the first wave of the COVID-19 pandemic. All dental appointments were postponed and some of them were canceled for few months except for emergency treatment. According to the report of March 2021 by World Health Organization, dental care services were one of the highly affected essential health services due to the outbreak of COVID-19, with 77 percent of countries reporting complete or partial disruption.

Global Dental Market Restraint

Dental care is extremely costly. High costs of advanced technology-based devices make dental services unaffordable, especially in low- and mid-size clinics, which is expected to hinder the growth of the global dental market.

Many patients in rural areas have inadequate access to trained providers with very limited health services due to high cost of clinic establishment. Moreover, due to high associated costs with implants and other orthodontics surgery, people tend to avoid dental treatments.

Key Players

Major players operating in the global dental market include Straumann Group, Zimmer Biomet Holding, Inc., Danaher Corporation, Dentsply Sinora Inc., BioHorizons IPH, Inc., Henry Schein, Inc., Osstem Implant Co. Ltd., Avinent Implant System, A-Dec Inc., Nobel Biocare, Sonoma Pharmaceuticals, Inc, and Nexa3D.