Publication Month: Feb 2022 | Report Code: TIPRE00004734 | No. of Pages: 181 | Category: Medical Device | Status: Published
|Market Size Value in||US$ 30,287.91 million in 2021|
|Market Size Value by||US$ 52,105.14 million by 2028|
|Growth rate||CAGR of 8.1% from 2021 to 2028|
|No. of Pages||181|
|No. of Tables||115|
|No. of Charts & Figures||75|
|Historical data available||Yes|
|Segments covered||Type and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
Dental refers to an individual's oral health, which includes their teeth, gums, and mouth. Numerous diseases and disorders can influence a person's dental health, failing to properly care for your oral health may result in additional health issues. Dental goods are used to treat dental issues and disorders.
Medical tourism which involves traveling abroad to receive healthcare services at substantially lower costs has gained considerable popularity for dental implant treatments in recent years. The majority of dental tourism advertisements target American citizens for treatment in Mexico or Costa Rica and Australians for treatment in Thailand or India. Dental tourism is an increasingly important segment of the medical tourism market
Dental implant tourism in India has flourished due to the high quality of work performed at lower prices compared to other countries. Similarly, dental tourism is increasing in Asian countries, such as India, South Korea, and Thailand. As per the Journal of Clinical and Diagnostic Research 2016, the cost for smile designing in the US is ~US$ 8,000, and in India it costs ~US$ 1,000. Singapore is also promoting medical and dental services at affordable prices. Many patients travel from nearby countries, including Malaysia and Indonesia, and developed countries, such as the US and the UK, are opting for Singapore. The increasing patients pool in the emerging markets for a dental procedure is likely to offer growth opportunities for the dental market in these regions.
Based on type, the dental market is segmented into dental restorative, dental orthodontics, dental consumables, and other specialties. The dental consumables segment held the largest share of the market in 2021.
The market players adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio globally and meet the growing demand. The developments by the companies in the dental market have been characterized as organic and inorganic developments. Various companies are focusing on organic strategies, such as product launch and expansion. Inorganic growth strategies witnessed in the dental market were partnerships and collaborations. These growth strategies have aided the dental market players in the expansion of their businesses and enhanced their geographic presence. Additionally, growth strategies such as acquisitions and partnerships helped in strengthening their customer base and increasing the product portfolio. The companies have maximized their growth with several inorganic strategies to enhance the dental market value and position in the market. Organic developments hold 46.67% of the total strategic developments in the dental market. Whereas inorganic strategies account for 53.33% of the growth of the companies.
The dental market is bifurcated based on type and application. Based on type, the dental market is segmented into dental restorative, dental orthodontics, dental consumables, and other specialties. . The dental consumables segment held the largest share of the market in 2021. The dental market, based on application, is segmented into hospitals, dental clinics, and others. The hospitals segment held the largest share of the market in 2021; however, the dental clinic segment is estimated to register the highest CAGR during the forecast period.