In the recently upgraded market intelligence report, FMI shares that the dental service market is predicted to be valued at USD 381.62 billion in 2024. Factors determining market growth include growing awareness campaigns by the government and private sector to influence positivity around these services.
The transformative wave in the field of dentistry, characterized by cutting-edge technologies, fusion of innovative techniques, and a commitment to enhancing patient experience, aims to dispel fears surrounding dental procedures. These factors are expected to create a momentum of 6.2% CAGR over the next ten years and lead the market to USD 696.43 billion by 2034.
Driven by technological as well as digital transformation, the narrative surrounding dental service is expected to change for the better.
| Attributes | Key Insights |
|---|---|
| Dental Service Market Size (2024E) | USD 381.62 billion |
| Market Valuation (2034F) | USD 696.43 billion |
| Value-based CAGR (2024 to 2034) | 6.2% |
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These trends are presently prominent in developed countries and are influencing the market dynamics therein. Later in the report, consumer trends relevant to the top 5 countries, including the United States and the United Kingdom, have been deeply discussed.
| Leading Service | Periodontics |
|---|---|
| Value Share (2024) | 23.40% |
Periodontics holds a substantial size in the market. The segment is expected to acquire 23.40% of the market in 2024. Rapid cases of periodontics are infiltrating the well-being of a person. This scenario is forcing patients to seek treatment for periodontics from nearby hospitals or clinics.
| Leading Service Provider | Dental Clinics |
|---|---|
| Value Share (2024) | 53.60% |
The dental clinics segment is projected to account for 53.60% of the market in 2024. Dental patients in large numbers frequent private practice dental clinics as they are equipped with experts. Additionally, independent practices are increasing across the globe, thanks to technologically sophisticated equipment and cost-efficient services that draw more customers.
It is expected that in the years to follow, dental clinics share is going to expand as patients receive high-quality services at a lower price.
Principal Consultant
| Countries | Forecast CAGR (2024 to 2034) |
|---|---|
| United States | 6.50% |
| United Kingdom | 5.10% |
| China | 7.70% |
| India | 7.20% |
| ASEAN | 6.90% |
The United States’ dental service market holds the potential to expand at a 6.50% CAGR in the coming decade. The country holds dominance in North America, and it is predicted to lead as the competing market in the region, i.e., Canada, which is growing slower than the United States.
Certain common factors that are favoring growth in the market include
Apart from this, a preventative approach to hygiene and oral care is also a crucial factor for the market’s growth.
The government in the country has built a supportive financing structure for dentistry programs. For instance, there is federal financing for Medicaid and Medicare in the United States. These programs and initiatives are introduced to create a positive environment and willingness among people to go for oral care services, as patients will have fewer out-of-pocket payments to make.
There is another program named the Dental Grants Program that allows patients or consumers to pay less for implants and dentistry services. This grant offers to assist by covering up to 30% of any dental work and further develops a payment plan that extends to up to five years, giving enough time to the patient to pay for the remaining payment.
The dental service sector in the United Kingdom is predicted to surge at a CAGR of 5.10% over the forecast period. The market is driven by affordability and access to oral care in the country, made possible by the National Health Service (NHS) which subsidizes treatment plans. The increasing consumption of alcohol and sugar is also creating heightened demand for dental services.
Based on dental health, the country was placed 6th among 26 European countries by Qunomedical, which created a Healthiest Teeth Index in honor of World Oral Health Day 2020. Considering the country has been witnessing a decreasing count of dental practitioners in the last couple of years, this is an impressive feat.
The industry in China is expected to pace at a 7.70% CAGR, which is higher than any other top market in Asia analyzed by FMI. The country is thus preparing for more growth as investors and stakeholders make their progressions into the market.
The demand for dental services is predicted to surge on account of more research and development services, increasing dental tourism, and the rapid establishment of clinics in the country. Additionally, growing awareness about oral care, spearheaded by awareness campaigns by governments and corporations, is also fueling the market growth.
The attractiveness of the market in China is also driven by its hold over the latest technology and equipment.
India’s dental service market is predicted to magnify at a 7.20% CAGR over the next decade. Growth in this sector is driven by increasing take-up of dental facilities by people living in India. In addition to this, increasing the income of people and affordable facilities at government-funded dental clinics are promoting the use of these services by the dynamic and largely price-sensitive Indian population.
Increasing health awareness programs by the government and public sector players are facilitating public enlightenment. The programs illumine people about the need for regular dental check-ups and various ways in which they can make adequate use of available dental care facilities.
The government is planning to establish dental facilities at sufficient intervals so that distance no longer remains a barrier to the utilization of these services in India.
Demand for dental services in ASEAN countries is rising at 6.90% over the next ten years. Advancements in the dental care units are a propelling factor for this industry. Additionally, increasing cases of edentulism and periodontal diseases are also augmenting the use of these services in this cluster of countries.
ASEAN demographics have strong inequalities in disease burden, with poor and disadvantaged populations facing the brunt of insufficient government funding for the locals. Steps are being taken in this regard, with outcomes to be manifested in upcoming years.
Other key factors that are compelling people in ASEAN to opt for these services encompass psychosocial dimensions like self-confidence and the ability to socialize and work without being disrupted by pain, embarrassment, and discomfort.
Key players in the market are investing in research and development operations to profit from new-age innovations. Additionally, government support, in terms of spending and raising awareness through campaigns, is another key strategy to increase demand for dental services.
Players are further offering free dental care camps to create awareness about remedial and other services that they offer. Internet advertising is another way in which market participants are drawing more patients toward dental care. To add to this, key providers are also collaborating with print and visual media to increase knowledge about the need for oral health check-ups.
These market penetration strategies for dental care providers are expected to be fruitful in the upcoming years. As the global situation continues to shift and turn, more opportunities are anticipated to emerge for market players.
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Current projections of the dental service market indicate a valuation of USD 381.62 billion in 2024.
Looking ahead to 2034, the current forecast projects a CAGR of 6.2% for the dental service market.
FMI predicts the market to reach USD 696.43 billion by the year 2034.
Periodontics is predicted to hold a significant market share during the forecast period.
Japan, India, and ASEAN countries are predicted to offer lucrative opportunities for investors and stakeholders.
Apollo White Dental, Dental Services Group, and Pacific Dental Services are powerful players in the industry.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Service 5.1. Dental Implants 5.2. Orthodontics 5.3. Periodontics 5.4. Root Canal - Endodontics 5.5. Cosmetic Dentistry 5.6. Laser Dentistry 5.7. Dentures 5.8. Oral and Maxillofacial Surgery 5.9. Smile Makeover 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 6.1. Hospitals 6.2. Dental Clinics 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Apollo White Dental 17.2. Group 17.3. Pacific Dental Services 17.4. Great Expressions Dental Centers 17.5. Gentle Dentistry, LLC 17.6. Coast Dental Services, LLC 17.7. Axis Dental 17.8. Abano Healthcare Group Limited 17.9. InterDent, Inc 17.10. Aspen Dental Management Inc 18. Assumptions & Acronyms Used 19. Research Methodology
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