Dental diagnostic imaging equipments such as intraoral scanners, panoramic X-rays, and cone beam computed tomography (CBCT) help dentists detect oral diseases and other dental conditions. Adoption of these technologically advanced imaging solutions enable effective dental treatment planning. The global dental market includes products such as dental consumables, dental equipment, dental imaging devices, orthodontics, and dental implants. Dental consumables include dental prosthetics, orthodontics, periodontics, endodontics and whitening products used during various dental procedures.
The global Dental Market is estimated to be valued at Us$ 36609.25 Mn in 2023 and is expected to exhibit a CAGR Of 6.2% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of dental diagnostic imaging equipments is one of the key trends witnessed in the dental market. With advancements in dental technologies and improved accuracy offered by these dental imaging devices, their adoption is growing significantly among dental practitioners globally. Imaging solutions provide valuable information about oral diseases and facilitate better diagnosis and treatment planning. Factors such as reduced radiation exposure, higher resolution images, and seamless image sharing capabilities are further propelling the demand for these dental imaging equipments. This rapid adoption is expected to boost the growth of the overall dental market during the forecast period.
Segment Analysis
The global dental market is segmented into dental consumables and dental equipment. Among these, the dental consumables segment accounts for the largest share of the market. Dental consumables include dental prosthetics, implants, orthodontics, endodontics, and periodontics. Among the dental consumables sub-segments, dental restorations holds the largest share due to rise in incidence of tooth loss and cavity.
Key Takeaways
The Global Dental Market Demand is expected to witness high growth. It is forecasted to reach a market size of US$ 36609.25 Mn by 2024 from US$ 25651.36 Mn in 2019, registering a CAGR of 6.2% during the forecast period.
Regional analysis:
North America region dominates the global dental market currently due to increase in prevalence of dental diseases, surge in geriatric population, and rise in dental tourism. On the other hand, Asia Pacific region is expected to witness the fastest growth during the forecast period. This is attributed to rise in disposable income, surge in awareness regarding oral healthcare, and increase in medical tourism in countries such as India, China, and Japan.
Key players operating in the dental market are Cargill, Inc., PT Astra Agro Lestari Tbk, Wilmar International Ltd, Malaysian Soy oil & palm oil Council (MPOC), Carotino Sdn Bhd, Yee Lee Corporation Bhd, IOI Corporation Berhad, Archer Daniels Midland Company, Dow DuPont Inc., and Guangxi Long'an Ruifeng Industrial & Trading Co., Ltd. Cargill, Inc. dominates the global dental materials market currently due to its wide distribution network and robust product portfolio in the dental consumables segment.
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