Global Dental Service Market Poised for Robust Growth, Projected to Reach US$ 696.43 Billion by 2034

Posted on 2024-05-24 by Future Market Insights in Healthcare // 0 Comments

The global dental service market value is expected to rise from US$ 381.62 billion in 2024 to US$ 696.43 billion by 2034. This market is analyzed to surge ahead at a CAGR of 6.2% over the next decade.

The dental care service industry growth is governed by increasing investments in healthcare services as governments lay more emphasis on the importance of these services. Additionally, the rising adoption of new technologies for dental treatment is another key factor that is advancing the market forward.

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Surging popularity of smile makeover procedures are gaining widespread popularity across the globe, with top providers funding the advertisements for consumer awareness about the treatment.

Recently, as American Heart Month was widely celebrated in the United States in the month of February, more focus was drawn to boosting optimal oral health, which is a key contributor to enhanced heart health.

American Heart Month also casts a light on how seeking treatment for periodontal disease early on has helped in lowering the risk of cardiovascular (CVD) diseases. This initiative by leading providers is expected to increase demand for dental services.

“Key players are investing in internet advertising and free-health camps from time to time to increase patient footfall at their premises,” says an analyst of Future Market Insights.

Key Takeaways from the Dental Service Market Report:

The dental service market gained US$ 93 million in 2019. In 2023, this valuation topped US$ 361.63 million, expanding at a CAGR of 8.90%.
By service, the periodontics service segment is projected to attain 23.40% of the market in 2024.
Based on service providers, the dental clinics segment is anticipated to grab a market share of 53.60% in 2024.
In North America, the United States is predicted to acquire a larger share and grow too at an accelerated pace of 6.50% through 2023.
In Europe, Germany is expected to spearhead the regional market, with a growth rate of 5.80% over the forecast period.
In Asia Pacific, China, India, and ASEAN countries are expected to find several investors in the years to follow, as more patients turn up from abroad to get their oral health restored.

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Latest Developments in the Dental Service Market:

Great Expressions Dental Centers (GEDC) announced in December 2021 that it has partnered with Amazing Dental Group, which is a patient-centered fast-growing Michigan-based Dental Services Organization with facilities in the greater Detroit area.
National Dentex Labs, a United States-based renowned network of fully-owned dental labs, made public knowledge that it is acquiring Dental Services Group (“DSG”) in April 2021. The merged company is going to operate under National Dentex Labs.

Profiling of Leading Players in the Dental Service Market:

Apollo White Dental

Apollo White Dental is India’s leading and highly trusted chain of dental centers. The center offers the best of both worlds, with best-in-class hospitality and personalized care. The health provider is counted as one of the most favored clinics across the globe due to its high-quality oral care and state-of-the-art technology.

Dental Services Group

Dental Services Group, headquartered in the United States, is a chain of dental laboratories that presents products and services for group practices, institutes, and independent dentists. DSG has over 40 dental laboratories situated in Canada, the United States, and Mexico. Various service options offered by DSG include orthodontics, removable implants, and sleep dentistry products and services.

Enlisted Below are Some Top Market Players:

Apollo White Dental
Dental Services Group
Pacific Dental Services
Great Expressions Dental Centers
Gentle Dentistry, LLC
Coast Dental Services, LLC
Others

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Market Segmentation of Dental Care Services:

By Service:

Dental Implants
Orthodontics
Periodontics
Root Canal – Endodontics
Cosmetic Dentistry
Laser Dentistry
Dentures
Oral and Maxillofacial Surgery
Smile Makeover

By End User:

Hospitals
Dental Clinics

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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