Global Dental Market, by Product Type (Preventive Care (Sterilants and Disinfectants, Sterilization Techniques, and Waterline Treatment), Restorative Implants, Prosthetics, Endodontics, and Dental Equipment)), by End User (Dental Clinics and Hospitals), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), 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), as highlighted in a new report published by Coherent Market Insights.
Key players operating in the global dental market are focusing on launching innovative products and receiving product approvals from regulatory authorities, which is expected to drive the market growth over the forecast period.
For instance, in July 2018, Danaher Corporation, a global science and technology innovator, announced to spin-off the dental business segment into an independent business with an intention to drive growth of Danaher as well as its dental business.
Global Dental Market – Impact of Coronavirus (Covid-19) Pandemic
COVID-19 outbreak was first reported on December 31, 2019 in Wuhan, China. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 259,502,031 cases and 5,183,003 deaths due to coronavirus (COVID-19) were reported up till November 26, 2021 across the globe.
The COVID-19 pandemic has negatively affected dental market across the globe, owing to inability to practice by dentists during initial lockdown. The biggest revenue drop down was observed during this pandemic phase. Dental practices, an essential services reopened between first and second wave of pandemic. But most of the people avoided routine dental check-ups and preferred to visit dentist only in case of extreme pain. Despite various drawbacks of the COVID-19 pandemic, many dentists were able to succeed by adopting new ways of maintaining social distancing by following safety norms.
Browse 26 Market Data Tables and 30 Figures spread through 172 Pages and in-depth TOC on “Global Dental Market”- Global Forecast to 2028, by Product Type (Preventive Care (Sterilants and Disinfectants, Sterilization Techniques, and Waterline Treatment), Restorative Implants, Prosthetics, Endodontics, and Dental Equipment)), by End User (Dental Clinics and Hospitals), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
To know the latest trends and insights prevalent in the Global Dental Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/dental-market-4848
Key players operating in the market are focusing on adoption of inorganic growth strategies such as mergers, collaborations, partnerships, and acquisitions, in order to strengthen their position in the global market. For instance, in June 2021, Henry Schein, Inc., one of the largest health care solution providers, announced its 70% acquired ownership position in eAssist Dental Solutions, the developer of a leading and fast-growing virtual dental billing outsourcing service. This acquisition will assist dental practices to operate more profitably and efficiently.
Key Takeaways of the Global dental market:
- The global dental market is expected to exhibit a CAGR of 6.7% over the forecast period, owing to the rising incidence of dental caries (tooth decay) and oral cancer. For instance, according to report published by World Health Organization, in March 2020, approximately more than 530 million children suffered from tooth decay of primary teeth that is milk teeth.
- Among product type, restorative implants segment is expected to account for largest market share during the forecast period, owing to the rising product launches. For instance, in January 2021, Nobel Biocare, one of the leaders in the field of innovative implant-based dental restorations, launched Xeal and TiUltra surfaces in the U.S. These surfaces are practically applied to abutments (metal part which acts as a base for the dental crown) and implants that improve tissue integration at each level.
- Key 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
