Dental Services Market Definition
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.
Dentists are health practitioners who operate private or group practices in their own premises or in other facilities such as hospitals or health maintenance organization (HMO) medical centers. They provide dental (tooth and gum) preventive, cosmetic maintenance and/or emergency care. They might also specialize in a single field of dentistry.
Dental Services Market Size
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.
Growth in the historic period resulted from favorable government initiatives, aging populations, and emerging markets growth. Factors that negatively affected growth in the historic period were unqualified man power, limited coverage for dental services, and weak wage growth in developed countries.
Going forward, rising demand for cosmetic dentistry, growing dental tourism, increasing popularity of franchise dentistry, and technological advances will drive growth. Factors that could hinder the growth of the dental services market in the future include increasing costs of dental procedures, rising interest rates, and stringent government regulations.
Dental Services Market Drivers
The key drivers of the dental services market include:
Aging Populations
The aging population profile of most countries contributed to the growth of the dental services market. During the historic period, the number of people globally over the age of 65 grew from below 450 million to 601 million, an increase of 33%, according to estimates based on Population Reference Bureau data. Dental issues such as xerostomia, periodontal diseases, and dry mouth are common among the geriatric population. The increase in the size of aging population has increased the patient pool with dental disorders such as periodontal disease, plaque, mouth cancer, tooth decay denture-related problems and soft tissue problems. In 2013, it was estimated that $111 billion were spent on dental services in the USA, and older adults spent more than any other age group on dental care with an average of $800 per person. Moreover, in Australia, 42% of people with natural teeth and aged 65 or above wore dentures. Increased demand for dental services from older populations drove the market in the historic period.
Dental Services Market Restraints
The key restraints of the dental services market include:
Limited Coverage For Dental Services
Globally, the health care insurance provided by the governments cover only basic dentals services. Dental procedures such as dental implants, root canals, tooth bonding are expensive for individuals, forcing them to evade dental care even in case of uncovered dental issues. For instance, a study showed that a patient’s expenditure on dental care was paid from a large portion of their disposable incomes. Medications or drugs, inpatient care and laboratory tests increased the cost burden, forcing them to choose between oral health care and basic amenities. Lack of dental coverage discouraged people from availing dental services such as dental implants surgery, which are comparatively expensive, negatively influencing the market growth in the historic period.
Dental Services Market Trends
Major trends influencing the dental services market include:
Dental Support Organizations (DSOs)
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. According to the American Dental Association (ADA), in the USA, as of 2017, nearly 16.3% of the dentists were affiliated with dental service organizations.
Shift To Ceramics For Dental Restorations
Dental services providers are shifting from metal-based dental restorations to ceramics-based dental restorations. This is due to the improved aesthetics and performance characteristics of dental ceramics. The technological evolution of dental ceramics is supported by advanced imaging and material cutting techniques using CAD/CAM and laser processes, improving the flexural strength and toughness of the restorations.
Opportunities And Recommendations In The Dental Services Market
Opportunities – The top opportunities in the global dental services market will arise in the general dentistry segment, which will gain $121.86 billion of global annual sales by 2022. The dental services market size will gain the most in China at $56.49 billion. Market-trend-based strategies for the dental services market include collaborating with DSOs (dental service organizations) to take advantage of group service structures, adopting new technologies to deliver safer, precise and less painful dental services, entering into collaborations and mergers with dental services chains to stay relevant in the market, and expanding operations to low cost emerging economies.
Recommendations – To take advantage of these opportunities, The Business Research Company recommends the dental services companies to focus on practicing emotional dentistry, focus on laser dentistry, and provide bundled payment pricing, among other strategies.
Dental Services Market Segmentation
The dental services market is segmented by type of service, by type of procedure and by geography.
By Type Of Service-
The dental services market can be segmented by type of service
- a) General Dentistry
- b) Oral Surgery
- c) Orthodontics and Prosthodontics
General dentistry was the largest segment of the dental services market by type of service in 2018 at 68.9%. The orthodontics and prosthodontics market is expected to be the fastest-growing segment going forward at a CAGR of 11.8%.
General Dentistry Is Further Segmented By Type Of Service-
- a) Restorative Services
- b) Preventive Services
- c) Diagnostic Services
- d) Non-Surgical Endodontic Services
Restorative services was the largest segment of the general dentistry market by type of service in 2018 at 38.3%.
Orthodontics And Prosthodontics Is Further Segmented By Type Of Service-
- a) Orthodontics
- b) Prosthodontics
Orthodontics was the largest segment of the orthodontics and prosthodontics market by type of service in 2018 at 52.5%.
By Type Of Procedure -
The dental services market can be segmented by type of procedure
- a) Cosmetic Dentistry
- b) Non-cosmetic Dentistry
Non-cosmetic dentistry was the largest segment of the dental services market by type of procedure in 2018 at 94%. The cosmetic dentistry market is expected to be the fastest- growing segment going forward at a CAGR of 10.2%.
By Geography -
The dental services market is segmented into
- o North America
- o Western Europe
- UK
- Germany
- France
- Spain
- Italy
- o Asia Pacific
- China
- Japan
- India
- Australia
- o Eastern Europe
- o South America
- o Middle East
- o Africa
North America was the largest market for dental services, accounting for 35.3% of the global market in 2018. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the dental services market will be Asia-Pacific and Africa.
Dental Services Competitive Landscape
Major Competitors are:
- • National Health Service
- • The British United Provident Association Limited
- • Integrated Dental Holdings
- • Aspen Dental Management Inc.
- • Abano Healthcare Group Ltd.
Other Competitors Include:
- • Q & M Dental Group (Singapore) Limited
- • InterDent, Inc.
- • Healthway Medical Corporation Limited
- • Clove Dental
- • Coast Dental Services
- • Birner Dental Management Services, Inc.
- • Brighter Dental Care
- • German Dental Clinic Ltd
- • Centre for Dentistry
- • Colosseum Dental UK (CDUK)
- • Genix Healthcare
- • Alpha Dental Group
- • Community Dental Services
- • Nationwide Healthcare Providers Limited
- • Portman Dental Care
- • My Dentist
- • Axiss Dental
- • Apollo White Dental
- • Smile Kraft
- • Dentistree
- • Bybo Dental
- • Arrail Group
- • Keen Dental
- • Dazhong Dental
- • C.K.J Professional Dental
- • RYO Dental Clinic
- • Tokyo Ambassador Dental Office
- • Hitomi Dental Office
- • Yamate Dental Clinic
- • United Dental Office
- • Daikanyama Dental Clinic
- • Reiko Dental Clinic
- • Bupa Dental Corporation
- • Maven Dental Group
- • No Gaps Dental
- • Pacific Smiles
- • Huamei Dental
- • Q&M Dental Holdings
- • U-dental
- • Jiamei Dental
- • Yafei Dental
- • My Family Dentist
- • Partha Dental
- • Denty`s Dental Care
- • Motoazabu Hills Dental Clinic
- • Hatada Dental Clinic
- • Dental Office OC3 Hibiya
- • American Dental Center
- • European Medical Center
- • American Medical Center
- • German Dental Center
- • French Dental Clinic
- • Exclusive dental studio
- • Dental Treatment Center
- • Odontoclinic
- • The Dental Clinic & GT Concept Asociados
- • Smiles Peru - Dental Health
- • Drs. Pelcman Practice
- • Al Muhaidib
- • Avicena Centers
- • Cham Clinic
- • Dima Dental Center
- • FRB Dental Clinic
- • Kadoon Clinic
- • Sigal Dental Clinic
- • Star Smile Dental Center
- • The Dental Lounge
- • Ilham Dental Clinic
- • The Dental House
- • Helio Dental Clinic
- • Maurice Dental Clinic
- • Shalash Dental and Implant Center
- • Royal Dental Care
- • Elite Smile Dental Clinic
- • Ultra Dental Care
- • Dental Studio
- • Smile360
- • Bethel Dental Clinic
- • Bona Dental Clinic
- • Rainbow Dental Clinic
- • Rophe Dental Clinic
