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
The Cosmetic Dentistry Market is witnessing robust growth
globally, driven by increasing awareness of dental aesthetics and the desire
for improved oral appearance. Advancements in dental technology, such as
CAD/CAM systems and digital imaging, are enhancing treatment outcomes and
patient experience. Rising disposable incomes and a growing aging population
contribute to market expansion, particularly in developed regions. Moreover,
the proliferation of social media and celebrity culture further fuels demand
for cosmetic dental procedures. Key players are focusing on innovation and
strategic partnerships to gain a competitive edge. However, high costs and
limited insurance coverage remain challenges for market penetration in certain
regions.
The Cosmetic Dentistry Market has witnessed remarkable
growth in recent years, driven by the increasing demand for cosmetic dental
procedures. These procedures encompass a range of treatments aimed at improving
the aesthetic appearance of teeth, gums, and overall smile. From teeth
whitening and veneers to dental implants and orthodontic procedures, cosmetic dental procedures offer
individuals the opportunity to enhance their smiles and boost their confidence.
This burgeoning market is propelled by several factors, including advancements
in dental technology, growing consumer awareness about oral health and
aesthetics, and a rising emphasis on personal grooming and appearance in
society.
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
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.
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.
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