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22-Jul-2024

Global Dental Service Market Predicted to Expand Significantly, with Projections of USD 696.43 Billion by 2034

The global dental service market value is expected to rise from USD 381.62 billion in 2024 to USD 696.43 billion by 2034. This market is analyzed to surge ahead at a CAGR of 6.2% over the next decade.

The dental care service industry growth is governed by increasing investments in healthcare services as governments lay more emphasis on the importance of these services. Additionally, the rising adoption of new technologies for dental treatment is another key factor that is advancing the market forward.

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Surging popularity of smile makeover procedures are gaining widespread popularity across the globe, with top providers funding the advertisements for consumer awareness about the treatment.

Recently, as American Heart Month was widely celebrated in the United States in the month of February, more focus was drawn to boosting optimal oral health, which is a key contributor to enhanced heart health.

American Heart Month also casts a light on how seeking treatment for periodontal disease early on has helped in lowering the risk of cardiovascular (CVD) diseases. This initiative by leading providers is expected to increase demand for dental services.

“Key players are investing in internet advertising and free-health camps from time to time to increase patient footfall at their premises,” says an analyst of Future Market Insights.

Key Takeaways from the Dental Service Market Report:

  • The dental service market gained USD 93 million in 2019. In 2023, this valuation topped USD 361.63 million, expanding at a CAGR of 8.90%.
  • By service, the periodontics service segment is projected to attain 23.40% of the market in 2024.
  • Based on service providers, the dental clinics segment is anticipated to grab a market share of 53.60% in 2024.
  • In North America, the United States is predicted to acquire a larger share and grow too at an accelerated pace of 6.50% through 2023.
  • In Europe, Germany is expected to spearhead the regional market, with a growth rate of 5.80% over the forecast period.
  • In Asia Pacific, China, India, and ASEAN countries are expected to find several investors in the years to follow, as more patients turn up from abroad to get their oral health restored.

Latest Developments in the Dental Service Market:

  • Great Expressions Dental Centers (GEDC) announced in December 2021 that it has partnered with Amazing Dental Group, which is a patient-centered fast-growing Michigan-based Dental Services Organization with facilities in the greater Detroit area.
  • National Dentex Labs, a United States-based renowned network of fully-owned dental labs, made public knowledge that it is acquiring Dental Services Group (“DSG”) in April 2021. The merged company is going to operate under National Dentex Labs.

Profiling of Leading Players in the Dental Service Market:

  • Apollo White Dental

Apollo White Dental is India’s leading and highly trusted chain of dental centers. The center offers the best of both worlds, with best-in-class hospitality and personalized care. The health provider is counted as one of the most favored clinics across the globe due to its high-quality oral care and state-of-the-art technology.

  • Dental Services Group

Dental Services Group, headquartered in the United States, is a chain of dental laboratories that presents products and services for group practices, institutes, and independent dentists. DSG has over 40 dental laboratories situated in Canada, the United States, and Mexico. Various service options offered by DSG include orthodontics, removable implants, and sleep dentistry products and services.

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Enlisted Below are Some Top Market Players:

  • Apollo White Dental
  • Dental Services Group
  • Pacific Dental Services
  • Great Expressions Dental Centers
  • Gentle Dentistry, LLC
  • Coast Dental Services, LLC
  • Others

Market Segmentation of Dental Care Services:

By Service:

  • Dental Implants
  • Orthodontics
  • Periodontics
  • Root Canal – Endodontics
  • Cosmetic Dentistry
  • Laser Dentistry
  • Dentures
  • Oral and Maxillofacial Surgery
  • Smile Makeover

By End User:

  • Hospitals
  • Dental Clinics

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Website: https://www.futuremarketinsights.com
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Last Updated: 22-Jul-2024