Dental Industry Market

Market Overview

The global dental industry market size was valued at USD 36.12 billion in 2023. It is expected to reach USD 58.38 billion in 2032, growing at a CAGR of 5.48% over the forecast period (2024-2032). 

Rising awareness of oral hygiene and the importance of dental care contributes significantly to the growth of the dental industry. Public health campaigns, education initiatives, and media awareness programs promote regular dental visits and preventive care, driving demand for dental services and products.

The dental industry offers services by dentists and other dental specialists that include the diagnosis, prevention, and treatment of dental problems. Dental procedures provide a broad range of therapies that assist many individuals in enhancing their oral health. In a variety of treatments, fillings and cement are used. Attention is being drawn to the enduringly popular trend of smile makeover surgeries. Additionally, technological advancements in endodontics have aided in the widespread use of root canal therapies.

Market Dynamics

Dental Industry Market Drivers

Rising Prevalence of Dental Diseases

Rising dental diseases are one of the significant factors contributing to the growth of the dental industry. Dental caries regularly impacts both toddlers and adults. In the United States, 16.9% of children between the ages of 5 and 19 have untreated dental caries, according to the 42nd annual report on the country's health from the Centers for Disease Control and Prevention. It further stated that 31.6% of adults aged 20-44 have untreated dental caries.

Furthermore, according to dentalcare.com, the prevalence of periodontitis has been estimated to be over 47% of US adults or 64.7 million individuals. According to the National Oral Health Survey, the majority of dental caries in 5-year-olds and 3-year-old were 39.0% and 8.6%, respectively, in 2016. This increasing number of patients suffering from different dental disorders has increased the demand for dental products and consumables, eventually driving the growth of the global dental industry market.

Increasing Expenditure on Dental Healthcare

Oral conditions are the fourth most expensive to treat. In the US alone, USD 110 billion are spent yearly on oral healthcare. The annual Medicaid spending for dental care increased from USD 8 billion to more than USD 21 billion between 2010 and 2020 because of preventable dental diseases. The increase in dental healthcare expenditure consequently enhances the quality of patient care services. In addition, the changes in spending occur due to several factors, including changes in patterns of healthcare, government policies, growth in population, and an increase in the cost of high-quality and advanced healthcare services. Moreover, technological advancements in the dental industry have helped to offer excellent facilities to patients as per their needs. Therefore, the increasing dental healthcare expenditure to provide high-quality treatment by the governments is expected to propel the market's growth during the forecast period.

Dental Industry Market Restraint

High Cost of Dental Care and Limited Reimbursements

Dental procedures are expensive in most developing countries where patients of low- and middle-income groups cannot afford them. Most patients avoid or delay dental care because of the associated cost. Insurance coverage is a significant barrier to getting dental care treatments. Patients from high-income nations travel to developing countries for cost-effective dental care treatments. In addition, the use of advanced technology and sensors have resulted in the increased cost of dental equipment.

Furthermore, countries such as Japan and China need proper dental reimbursement frameworks. These countries also have large numbers of solo practitioners who need more financial resources to procure expensive products and consumables. These factors are expected to restrain the growth of the market. Thus, the high cost of dental care and limited reimbursement hamper the development of the dental industry market to a certain extent.

Dental Industry Market Opportunities

Technological Advancements

In the current scenario, key players play an essential role in changing the trends in the dental industry. Strategic decisions by major players, such as focusing more on acquisition and collaboration for enhancing product portfolio and strengthening science and technology capabilities across the globe, are observed. Apart from that, significant players are expanding their business by making subsidiaries, which have been used as a market penetration strategy to reduce competition.

The global market for dental products is growing steadily due to the increasing innovations, causing brands to become increasingly conscious about the products' scientific advancements that are available easily in developing and underdeveloped economies. Therefore, technological advances are anticipated to offer profitable prospects for the players functioning in the worldwide dental business.

Regional Analysis

By region, the global dental industry market share is divided into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.

North America Dominates the Global Market

North America is the most significant shareholder in the global dental industry market and is anticipated to grow at a CAGR of 5.13% during the forecast period. The Americas account for the largest market share due to the high demand for dental procedures caused by the high prevalence of dental disorders, the growing elderly population prone to many dental diseases, and the requirement for preventive, restorative, and surgical devices for dental care. Additionally, the growing older population is also helping develop the dental industry market. According to the American Dental Association, more than 36 million Americans are toothless, and 120 million have at least one missing tooth. In the following 20 years, these numbers are anticipated to increase. The region's high demand for dental services is expected to fuel the market's growth. Government initiatives focused on dental health in this region also contribute to dental industry market growth. For instance, the American Dental Association (ADA), in 2018, introduced Action for Dental Health: Dentists Making a Difference, a nationwide, community-based movement to end the current dental health crisis faced by America. Such initiatives by the government are propelling market growth.

Europe is estimated to grow at a CAGR of 5.69% over the forecast period. Due to more patients prone to dental problems, the availability of cutting-edge dental products, and the demand for aesthetic dentistry in the region, Europe is predicted to enjoy significant growth throughout the projection period. Furthermore, dental and oral illnesses are among the most common problems in Europe, which emphasizes the need for better care. As a result, the EU region's dental equipment need is growing, accelerating the market's expansion. This industry's growth is also greatly aided by the availability of cutting-edge diagnostic and therapy options. Ongoing research by medical research laboratories and academic institutes is leading to new developments in an effective cure for a dental disorders. Other factors, such as a rise in spending on healthcare and extended insurance coverage, are driving the market growth of this region.

Asia-Pacific is anticipated to grow considerably owing to the high incidence of dental problems, increased government initiatives, and many pharmaceutical companies focused on dental treatment. Various initiatives taken by the government to support the healthcare system are fueling the growth of the regional market. For instance, in August 2020, the government announced that every Indian would get a national health ID to create a way for every user of the National Health Stack to be uniquely identified. Furthermore, the increasing disposable income of middle-class families, which accounts for a large population in Asia, encouraging more spending on health is driving the growth of the dental industry market in the region.

The market for the dental industry is growing in the Middle East and Africa due to the increasing number of companies and subsidiaries in the region driving the dental industry and the ever-increasing demand for dental cosmetic surgeries in EMEA. Furthermore, the lack of oral healthcare awareness in Saudi Arabia is a primary concern among consumers, especially children. In Saudi Arabia, dental caries among children ranged from medium to high, as per WHO. In addition, the oral care market is expected to observe immense growth, owing to an increase in the per capita income and the overall increase in dental care spending. Consumers' preference to look good and have white teeth are driving the dental industry market in Saudi Arabia, thereby contributing to regional growth.

Segmental Analysis

The global dental industry market is segmented by discipline, consumables, and end-user.

By discipline, the global dental industry market is divided into endodontics, restorative dentistry, prosthodontics, periodontics, orthodontics, cosmetic dentistry, and oral surgery.

The endodontics segment is responsible for the largest market share and is anticipated to grow at a CAGR of 6.81% over the forecast period. The growing prevalence of dental problems worldwide has triggered the demand for improved endodontics consumables. Companies in the endodontic consumables market are aiming toward the transformation of root canal treatment. Hence, they are introducing a new range of consumables to provide relief to patients.

Furthermore, the dentistry industry is witnessing technological improvements in endodontic irrigation systems. Innovations in endodontic technology are fueling market growth. For instance, in April 2019, California-based medical equipment manufacturer Sonendo announced the launch of GentleWave System, a novel irrigation technology, in Canada at the American Association of Endodontists. Thus, the increasing prevalence of dental problems and the rise in research and development investment fuel this segment's growth.

Increasing demand for supporting structures and the rehabilitation of the dentition to meet the individual's functional and cosmetic needs are driving the expansion of this market sector. Furthermore, advancement in technologies, including 3D technologies encouraging the manufacturers to develop their product portfolio for fillings, crowns, bridges, and implants, is also driving the growth of this segment.

By Consumables, the global dental industry market is segmented into resin composites, dental biomaterial, dental aesthetic, endodontic supplies, gingival retraction material, and whitening material.

The resin composites segment is the highest contributor to the market and is expected to grow at a CAGR of 7.15% over the forecast period. The resin composites segment is further sub-segmented into macro-filled composites, hybrid composites, micro-filled composites, and nanocomposites. Resin composite treatment is noted to be more cost-effective than amalgam and dental crowning. Moreover, compared to dental crowning, which requires the removal of the healthy tooth material to fit the crown over it, dental resin composites preserve most of the natural tooth. This advantage of dental resin can drive the preference among patients who prefer to retain their natural teeth, thereby fueling the dental resin composites segment over the forecast period.

The dental biomaterial segment is further sub-segmented into dental cement, dental bone graft, and regenerative tissue material. The primary drivers of the expansion of the worldwide dental biomaterials market are an increase in dental problems, an increase in the geriatric population, and a surge in dental tourism in emerging nations. Key players are focused on merger and acquisition strategies helping them to develop their dental biomaterial product portfolio. For instance, in July 2018, the Straumann Group paid an unknown sum to purchase a 30% stake in its biomaterials partner, Botiss Medical AG. This acquisition enabled Straumann to expand its dental biomaterials portfolio and expands its global dental implant business.

Based on end user the market is segmented into hospitals and clinics, specialty dental centers, dental academic and research institutes, and dental laboratories.

In the dental industry, hospitals and clinics dominate among the main consumers of dental supplies. This dominance is due to their comprehensive service offering. Unlike specialized centers that focus on orthodontics or oral surgery, hospitals and clinics offer complete care, from routine cleanings to complex procedures. This requires a wide range of consumables, from basic dental fillings and polishing materials to specialized tools for implants and complex surgeries. In addition, their public availability increases the steady flow of patients, increasing the demand for these essential dental supplies.

Recent Developments

• June 2024 - The ground-breaking new all-in-one dental practice management platform Ora and global leader in dental AI solutions, Pearl, teamed to incorporate Pearl's cutting-edge AI technology into Ora's cloud-based platform, which made its formal launch. Ora's dental imaging feature set now includes Pearl's Second Opinion® disease detection capabilities as a completely native service.
• January 2024 - Envista Holdings Corporation (NYSE: NVST) ("Envista") announced that it became a Platinum Industry partner of Women in DSO®. In particular, Women in DSO promotes and strengthens female professionals within the dental support organization (DSO) sector.