Global Dental Services Market Report 2020 - Opportunities And Strategies, Market Forecast And Trends
3 Dec, 2020
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The global dental services market reached a value of nearly $436.2 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.4% since 2014, and is expected to grow at a CAGR of 9.6% to nearly $629.3 billion by 2022. The aging population profile of most countries contributed to the growth of the dental services market.
The dental services market consists of sales of dental services and related goods by entities (organizations, sole traders and partnerships) that provide general dentistry, oral surgeries and orthodontics and prosthodontic services. This industry comprises establishments of licensed health practitioners having the degree of D.M.D. – Doctor of Dental Medicine, D.D.S. – Doctor of Dental Surgery, or D.D.Sc. – Doctor of Dental Science.
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The global dental services market is further segmented based on type of service, type of procedure and geography.
By Type Of Service: General Dentistry, Oral Surgery, Orthodontics and Prosthodontic.
By Type Of Procedure: Cosmetic Dentistry, Non-cosmetic Dentistry.
By Geography: The global dental services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American dental services market accounts for the largest share in the global dental services market 2019.
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Trends In The Dental Services Market
The dental services industry is experiencing a change in its delivery model through dental service organizations or dental support organizations (DSOs) giving rise to more corporate or group practices. DSOs are independent business support centers that contract with dental services providers and provide critical business management and support to dental practices, including non-clinical operations. The DSOs are facilitating more in-house treatments such as orthodontics, endodontic and oral maxillofacial surgery instead of being referred to a separate specialist. Group practices provide improved funding for infrastructure, equipment and expenses associated with hiring specialists.
Dental Services Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides dental services market overviews, analyzes and forecasts market size and growth for the global dental services market, dental services market share, dental services market players, dental services market segments and geographies, dental services market’s leading competitors’ revenues, profiles and market shares. The dental services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.