The global Teledentistry market is likely to garner a market value of USD 1.45 Billion in 2022 and further is expected to accumulate a market value of USD 6.56 Billion by registering a CAGR of 16.30% across the forecast period from 2022 to 2032.
Growth of the teledentistry market can be attributed to the growing need to reduce dental care costs, the wide adoption of mHealth in dental practices, the internet and smartphone feasibilities in developing countries, and growing awareness regarding teledentistry platforms. The market for teledentistry registered a CAGR of 9% in the historical period 2016 to 2021.
Data Points | Key Statistics |
---|---|
Expected Market Value (2022) | USD 1.45 Billion |
Anticipated Forecast Value (2032) | USD 6.56 Billion |
Projected Growth Rate (2022 to 2032) | 16.30% CAGR |
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According to Future Market Insights- the market for teledentistry reflected a value of 9% during the historical period, 2017 to 2021. Virtual dental visits have enabled the reach of oral healthcare in underserved areas of developing countries.
Furthermore, rising technology penetration has a significant impact on the entire healthcare system, including telehealth services such as teledentistry. Growing efforts by notable players to set themselves apart from competitors have increased support for technological advancements in teledentistry at the lowest cost possible, which has ultimately led to industry growth.
In addition, improved patient safety and, perhaps, increased convenience of remote dental care are prominent market drivers. Thus, the market for teledentistry is expected to register a CAGR of 16.3% in the forecast period 2022 to 2032.
COVID-19 Pandemic shaping the landscape for Teledentistry
Teledentistry service was extensively implemented during the COVID-19 pandemic as it decreases the patient-patient and patient-healthcare professionals’ contact, thereby minimizing the risk of disease transmission. The risk of transmission through dental procedures is higher as the virus spreads through aerosols of the mouth, teeth, and around the nose.
Hence, dental practices have a higher risk of cross-infections with such viruses. Therefore, it was recommended to consult any dental practices online or in virtual mode. This increased the attention toward teledentistry services. This provided an opportunity for oral care and dental healthcare providers to initiate a new path in dentistry.
In addition, dental virtual visits have enabled the reach of oral healthcare in underserved areas of developing countries. Furthermore, rising technology penetration has a significant impact on the entire healthcare system, including telehealth services such as teledentistry.
Growing efforts by notable players to set themselves apart from competitors have increased support for technological advancements in teledentistry at the lowest cost possible, which has ultimately led to industry growth. In addition, improved patient safety and, perhaps, increased convenience of remote dental care are prominent market drivers.
The versatility of Telemedicine Technology boosting the growth of Teledentistry
During the COVID-19 pandemic, various new players entered the market with innovative and advanced tele-dental solutions to aid remote dental care. Some companies such as Toothpick offer 24/7 access to dental services with top licensed dentists across the world.
In addition, the patients have reported that the teledentistry examination is feasible, valid, and saves money and time. According to an article published by Oral Health in August 2021, 75% of dentists reported that their teledentistry platforms were successful. Due to its wide applications, teledentistry practices are here to stay for a long even after post-covid.
Moreover, telemedicine technologies such as teledentistry are considered the most versatile to deliver dental care, dental education, and telemonitoring remotely at a distance. This enables wide access to patient-centric care in remote locations ensuring the safety of patients from the viral transmission.
Some of the companies in the market have witnessed exponential growth during the COVID-19 pandemic in comparison to previous years. In addition, the continuous investments in such technologies are expanding the opportunities for new teledentistry solutions in the near future. These factors are anticipated to propel the growth of the market.
Laws pertaining to teledentistry along with reimbursement policies restraining market growth
Although the teledentistry industry gained massive momentum during the COVID-19 pandemic, it is facing certain challenges currently. The laws regarding teledentistry change from country to country.
Thus, not following the rules and regulations according to the law may lead to penalties. Lack of knowledge regarding the reimbursement policies of teledentistry services is creating confusion and obstacles to the growth of the market.
Internet of Things making teledentistry feasible in North America
The growth of this market is estimated to grow owing to key driving factors such as the growth in the interventions by public-private organizations for improving oral health and increasing adoption of teledentistry across North America.
In addition, the growth of developing technology along with integrating the Internet of Things to improve the overall dental treatment experience, especially in the remote model is working in the favor of the market. Thus, North America is expected to hold a substantial market share in the teledentistry market.
Technology increasing accessibility to teledentistry in the Asia Pacific
Largely developing and underdeveloped regions in the Asia Pacific region are contributing to the growth of the teledentistry market. As accessibility to rural areas is difficult, the intervention of technology is playing a key role in the growth of the market. Moreover, consumers too have shown a keen inclination towards investing in teledentistry owing to favorable results.
Furthermore, the penetration of 5G services along with the increasing use of the internet of things is favoring the growth of the teledentistry market in the Asia Pacific. Moreover, the growth of the Asia Pacific teledentistry market can be attributed to growing government initiatives in teledentistry.
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IT Companies and rising Healthcare Expenditures driving Teledentistry Market Growth
The presence of a large number of key players operating in the US with better teledentistry solutions is contributing to the growth of the teledentistry market. In addition, the high healthcare IT expenditure, excellent internet connectivity, wide usage of smartphones, and growing awareness regarding virtual dental care among the general public are driving the overall growth of the market.
The constant development of cloud-based platforms and their emergence in developing teledentistry companies are fueling the industry's growth. Thus, the US is expected to possess a 40% market share of the teledentistry market in 2022.
Demand for dental treatments spurring the growth of Teledentistry in India
India is anticipated to register the fastest CAGR during the forecast period due to the improving penetration of mobile health in dental practices. The growing demand for convenient dental treatments in remote and rural areas of the region is supporting the growth of the market.
Furthermore, increasing investments in the healthcare sector in countries such as India are expected to boost the market growth. Thus, India is expected to possess a 35% market share in the teledentistry market in 2022.
Internet of Things creating lucrative opportunities for software and services segment
The rising adoption of wirelessly connected care technologies in dental healthcare, initiatives by key companies, and the availability of a large number of dental software and services is increasing the dependency on wireless technology. In addition, the integration of the Internet of Things is positively influencing the demand for the teledentistry market.
The increasing number of people adopting teledentistry software due to its convenience and cost-effectiveness is anticipated to drive the market over the forecast period. The software and services segment is expected to dominate the teledentistry market by accumulating a market for 73% market share for teledentistry market.
The hardware segment is estimated to register the fastest growth rate over the forecast period owing to technological advancements in launching new dental care hardware in the market. Some of the dental hardware such as electric toothbrushes that send feedback on oral health to teledentistry software are highly aiding the therapeutic application of tele-dental mode.
Easy accessibility increasing dependency on cloud-based technology for teledentistry
The factors contributing to the growth include the introduction of technologically advanced cloud-computing teledentistry solutions and increasing awareness among dental practitioners and patients to adopt cloud-based software to record health data and store it effortlessly.
In addition, the easy accessibility with large bandwidth, storage, and recovery capacity with high safety assurance is fueling the growth of the segment. The cloud-based segment is expected to possess 65% market share in 2022.
The web-based segment is anticipated to witness significant growth from 2022 to 2032 owing to the emergence of web-based teledentistry applications and their wide adoption among end-users. The high penetration of smartphones in rural and remote locations is enhancing access to dental healthcare. The cost-effectiveness and seamless user interface offered in this virtual care platform are supporting the rapid growth of the segment.
Ease of reaching patients influencing demand for Teleconsultations
The teleconsultation segment is expected to possess a 55% market share in 2022. This is owing to the sudden emergence of COVID-19 and the immediate measures taken by the government in recommending digital healthcare, especially for dental practices across the world. Many dentists adopted teledentistry to provide consultation regarding dental care treatment online by reaching patients remotely. These factors are aiding the growth of the segment.
The remote patient monitoring segment is anticipated to register the fastest CAGR of 16.6% from 2022 to 2032 owing to the rising dental consciousness among the adult population, coupled with the convenience of undergoing dental treatments from home. The availability of a significant number of self-monitoring dental care software coupled with hardware is helping people in gaining oral care without reaching dentists. Such factors are anticipated to boost segment growth.
The efficiency of data management increasing demand on providers
The growing adoption rate of teledentistry platforms among dental providers reduces the disease burden in dental facilities. In addition, the teledentistry software provides seamless access to patients’ dental records with improved data management and real-time quality reporting, which improves its usage among healthcare providers. Thus, the provider's segment is expected to dominate the market and account for a revenue share of over 45% in 2022
The patient segment is anticipated to register the fastest growth rate over the forecast period owing to the increasing number of smartphone users and growing active subscribers to teledentistry solutions. In addition, the better accessibility with high internet connectivity, feasibility, and affordability of dental consultations through virtual mode is making people adopt such platforms more as compared to walk-in dental consultations.
The market is highly competitive. The key players are involved in new solution launches, software and services innovations, acquisitions, and partnerships to gain a competitive edge over each other. Such activities are expected to support the rapid growth of the market.
Report Attribute | Details |
---|---|
Market Value in 2022 | USD 1.45 Billion |
Market Value in 2032 | USD 6.56 Billion |
Growth Rate | CAGR of 16.3% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Billion and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Component, Delivery Mode, Application, End Use, Region |
Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa (MEA) |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, India, Malaysia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC, South Africa, Israel |
Key Companies Profiled | Koninklijke Philips N.V.; Align Technology, Inc.; SmileDirectClub; MouthWatch, LLC; Dentulu, Inc.; Denteractive Solutions Inc.; Toothpick; Smile Virtual LLC; Virtudent, Inc.; Straight Teeth Direct |
Customization | Available Upon Request |
From 2017 to 2021, the teledentistry market grew at a CAGR of 9%
The global teledentistry market is expected to grow with a 16.30% CAGR from 2022 to 2032
As of 2032, the teledentistry market is expected to reach USD 6.56 Billion
The software and services segment is expected to dominate the teledentistry market by accumulating a market for 73% market share for teledentistry market.
The cloud-based segment is expected to possess a 65% market share in 2022.
The teleconsultation segment is expected to possess a 55% market share in 2022
The US teledentistry market was projected to gain a global market share of 40% in 2022
India is expected to possess a 35% market share for the teledentistry market in 2022
1. Executive Summary | Teledentistry Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component 5.1. Software & Services 5.2. Hardware 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Delivery Mode 6.1. Cloud-Based 6.2. Web-Based 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 7.1. Tele-Consultation 7.2. Remote Patient Monitoring 7.3. Education & Training 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use 8.1. Providers 8.2. Patients 8.3. Others 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia 9.5. East Asia 9.6. Oceania 9.7. Middle East & Africa (MEA) 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Koninklijke Philips N.V. 19.2. Align Technology, Inc. 19.3. SmileDirectClub 19.4. MouthWatch, LLC 19.5. Dentulu, Inc. 19.6. Denteractive Solutions Inc. 19.7. Toothpic 19.8. Smile Virtual LLC 19.9. Virtudent, Inc. 19.10. Straight Teeth Direct 20. Assumptions & Acronyms Used 21. Research Methodology
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