Market Overview
Acknowledging
the developments of this evolving market and the vast accruals it is garnering
currently, Market Research Future (MRFR), a renowned research firm, in its
recently published study report asserts that the global cosmetic dentistry
market share will grow exponentially USD 6.68 billion by 2030,
registering approximately 11.60 % CAGR during the forecast period 2022-2030
Cosmetic
dentistry aims at making a positive change to teeth and smiles that
consequently improves a person’s appearance self-esteem and confidence. Boosted
confidence always gives a huge advantage in business and personal lives.
Cosmetic dentistry is just not limited to tooth whitening or porcelain veneers
but has continued to evolve to where cosmetic dentists can address functional
and aesthetic patient concerns.
Over
the last decade, the market size of the cosmetic dentistry is increasing
pervasively mainly due to the advancements in technology used in the dental
industry. Moreover, several social and cultural influences such as competition
in the workplace, peer pressure, and the Instagram culture play a huge role in
escalating it on the global platform.
Anti-aging
dentistry is enormous now and natural looking, healthy & bright smile is
the new trend which is affecting the market, positively. The growing numbers of
patients seeking to improve their smiles alongside the rapidly improving
economic conditions are fostering the market growth.
Moreover,
factors such as the presence of a large number of players, increasing awareness
among consumers, and advancements in dental technology have been driving the
cosmetic dentistry. Also, developing healthcare infrastructure, growing number
of middle-income group and rising dental tourism in emerging regions are some
of the factors pushing up the market growth.
On
the other hand, factors such as these cosmetic dentistry procedures are
costlier, which is impeding the market growth especially in developing and
underdeveloped nations. Also, the operational complexities that occur in some
procedures as an after effect may restrain the growth of this market.
Nevertheless, escalating demand for dental implants and orthodontic appliances
in developing markets will support the growth of the market throughout the
forecast period.
Global Cosmetic Dentistry Market – Competitive Analysis
Highly
competitive cosmetic dentistry market appears to be fragmented owing to the
presence of several large and small-scale players. For business expansion
plans, these players are adopting strategic initiatives such as M&A
activities, collaboration & innovations, etc. They strive to acquire
promising companies in the fast-growing regions. To ensure their mission
success, these key players are focusing on optimized situational awareness.
Matured
players invest in R&D activities increasingly; they strive to possess
state-of-the-art facilities to develop cost-effective product portfolio and a
stable marketing network which can help them to gain the leadership position in
the market. On the other hand, marketers operating in the dental industry are
focusing on inbound lead generation more than ever, instantiating ROI-oriented
strategies that can pay off quickly.
Major Players:
Global
cosmetic dentistry market players include Danaher Corporation, 3M Company,
Dentsply International, Inc., Zimmer Biomet Holding, Inc., Institut Straumann
AG, Align Technology, Inc., Biolase, Inc., Sirona Dental Systems, Inc.,
Planmeca Oy, Q & M Dental Group, A-dec Inc., Bicon, Cortex Dental Implants,
BioHorizons IPH, Inc., Remedent NV, and Denxy Technology Co., Limited among
others.
Cosmetic Dentistry Market – Segments
Cosmetic Dentistry
Market outlook has segmented the analysis into three key dynamics for
enhanced understanding.
By Product Type
: Dental Systems & Equipment, Dental Implants, Dental Bridges, Dental
Veneers, Dental Crowns, Orthodontic Braces, Inlays & Onlays, and Bonding
Agents among others.
By End-user
: Hospitals and Dental Clinics among others.
By Regions
: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Cosmetic Dentistry Market – Regional Analysis
Globally,
well-developed regions such as North America and Europe account for the
significantly larger for cosmetic dentistry market insights. The market growth
in these regions is largely fostered by the high per capita healthcare
expenditures and the proliferated healthcare sector led by the well-developed
economy.
Higher
GDP allows these regions to gain an edge over other regions in terms of every
aspect, be it healthcare or wellness and access to the quality of life for the
people. Naturally, the overall demographic in these regions are inclined to an
aesthetical approach for every aspect of life. Hence, the presence of the large
aesthetician population is a key driving force behind the growth of the markets
in these regions.
Besides,
factors such as well-spread awareness among people towards oral health and
their drive to maintain their oral health, functions, and appearance for the
lifetime, foster the growth of the cosmetic dentistry. Countries such as
Canada, the US, and the UK support market growth on a large scale.
The
cosmetic dentistry market in the Asia Pacific region, heading with the
burgeoning dental treatment markets is emerging as a lucrative market for
cosmetic dentistry, globally. The region sports some of the top destinations
for medical tourism including India, Thailand, Mexico, Malaysia, and South
Korea, which combine strategies for affordability and quality of healthcare.
Some
of the APAC countries such as Thailand, Vietnam, and Malaysia will continue to
contribute to market growth. Offering substantial growth opportunities with the
increasing awareness towards new technologies in untapped markets; the Asia
Pacific cosmetic dentistry market is expected to create a considerable revenue
pocket over the forecast period.
About US:
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Research Future (MRFR), enable customers to unravel the complexity of various
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(HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market
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Research Future (part of Wantstats Research and Media Private Limited),
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York 10013
United
States of America
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