What Will The Dental Services Market Look Like In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s dental services market report forecasts the dental services market size to grow to $656.55 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.
Learn More On The Dental Services Market Report 2023 – https://www.thebusinessresearchcompany.com/report/dental-services-global-market-report
Dental Services Market Size Forecast
The global dental services market is expected to grow from $471.19 billion in 2022 to $507.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The dental services market is expected to grow to $656.55 billion in 2027 at a CAGR of 6.6%.
North America held the largest dental services market share.
Key Dental Services Market Driver – Increase In Demand For Dental Procedures, With Rise In Awareness Regarding Medical Conditions
People are increasingly referring to medical websites and journals on the internet for information on dental issues. They are then searching for clinics, doctors, and various treatments being offered by independent dentists, clinics or dental hospitals. Many blogs such as deardoctor.com, dentalbuzz.com, and brightnow.com are publishing articles on dental health and answering individual queries, driving the demand for dental services.
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Key Dental Services Market Trend – Delivering Model Through Dental Support Organizations
The dental services industry is experiencing a change in its delivery model through dental service organizations or dental support organizations (DSOs) giving rise to more corporate or group practices. DSOs are independent business support centres that contract with dental services providers and provide critical business management and support to dental practices, including non-clinical operations. The DSOs are facilitating more in-house treatments such as orthodontics, endodontic and oral maxillofacial surgery instead of being referred to a separate specialist. Group practices provide improved funding for infrastructure, equipment and expenses associated with iring specialists. According to the 2020 survey of U.S. Dental School Seniors by American Dental Education Association, an American non-profit organization, almost a third of population that planned to go for private practice after graduation were planning to join a DSO. Additionally, according to the American Dental Association, an American association of dental professionals, the DSOs were predicted to have a growth of about 100% between 2018 and 2025 and the market share was expected to triple by 2035.
Dental Services Market Segment
1) By Type: General Dentistry, Oral Surgery, Orthodontics And Prosthodontics, Other Dental Services
2) By Type of Procedure: Cosmetic Dentistry, Non-cosmetic Dentistry
3) By End User Gender: Male, Female
4) By Type of Expenditure: Public, Private
Subsegments Covered: Restorative Services, Preventive Services, Diagnostic Services, Endodontic Surgery, Oral And Maxillofacial Surgery (Excluding Implants), Dental Implantation Services, Orthodontics, Prosthodontics
Dental Services Market Major Players and Strategies
Major players in the dental services market are ENVISTA HOLDINGS CORPORATION, Integrated Dental Holdings (IDH), NHS England, Henry Schein, Inc., Abano Healthcare Group Limited, Aspen Dental Management, Inc., Q & M Dental Group (Singapore) Limited and Healthway Medical Corp Ltd.
The Dental Services Global Market Report 2023 covers regional data on dental services market size, dental services market trends and drivers, opportunities, strategies, and dental services market competitor analysis. The countries covered in the dental services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Dental Services are diagnostic, preventive, and corrective treatments related to teeth and gums. These services are used to maintain good oral health. Dental services include any professional services provided by individuals who are duly licensed to practice dentistry or dental therapy under the laws of this state.
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