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 size 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.
Global Cosmetic Dentistry Market – Regional Analysis
Globally, well-developed regions such as North America and Europe
account for the significantly larger markets for cosmetic dentistry. 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.
Cosmetic Dentistry Market – Segments
MRFR 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.
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