Dental Market Size, Share & COVID-19 Impact Analysis, By Type (Dental Consumables and Dental Equipment), By End-user (Solo Practices, DSO/ Group Practices, and Others), and Forecast, 2022-2029

The global dental market size was valued at USD 36.32 billion in 2021 and is projected to grow from USD 38.84 billion in 2022 to USD 63.93 billion by 2029, exhibiting a CAGR of 7.4% during the forecast period. Based on our analysis, the market had exhibited a decline of -7.6% in 2020 as compared to 2019. The global COVID-19 pandemic has been unprecedented and staggering, with the products experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

This market consists of consumables and equipment that help diagnose, prevent, and treat various ailments such as gum disease, periodontitis, malocclusion, and cavities. Several consumable products such as implants, prosthetics, endodontics, periodontics, and whitening products are available in the market. The various benefits associated with endodontics and periodontics, including virtually pain-free procedures, cost-effectiveness, and reduction of mouth infections have increased the adoption of these products.

The dental market growth will be influenced by the rising prevalence of periodontitis, malocclusion, and tooth decay. Furthermore, the growing demand for aesthetic dentistry and the rising number of product launches by the market players are expected to boost the market growth over 2022-2029.

• In February 2022, Ultradent Products, Inc. launched MTApex bioceramic root canal sealer, which is expected to increase the demand for consumables during the forecast period.


• In December 2021, 3Shape A/S introduced 3Shape Dental System 2021.2 globally to offer a smooth workflow and transparent connection between lab and practices.

COVID-19 IMPACT 

COVID-19 to Negatively Impact Market Revenue Due to Lower Patient Volume in Clinics

The emergence of the COVID-19 pandemic declined the demand for products used in dentistry due to lower patient volumes. Key market players recorded a significant decline in their revenues due to the pandemic. The reallocation of healthcare resources, declining patient visits to clinics, supply chain disruptions, and other major parameters impacted the sales of implants, prosthetics and scanners in the U.S., especially during the first half of 2020. In terms of revenue, the dental market share witnessed a decline of 7.6% in 2020.

The market players witnessed a significant decline in revenue generated during 2020. For instance, Dentsply Sirona generated a revenue of USD 3,342.0 million in 2020 and witnessed a decrease of 17.1% compared to 2019. This declining revenue was due to a decrease in sales from the technologies & equipment and consumables segment.

However, during Q3 & Q4 of 2020, patient volumes started increasing as the regulations imposed by the government across various countries were relaxed. In 2021, the patient volume bounced back in the U.S., owing to the factors such as higher vaccination coverage among the general population, strong guidelines and COVID-19 protocols in public places, and dismissal of restrictions for travel. This led to the increased demand for scanners and implants in 2021. For instance, the revenues generated by Dentsply Sirona in 2021 increased by 27.2% as compared to the revenues in 2020. Therefore, the resumption of services positively impacted the demand for products in 2021.

LATEST TRENDS

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Growing Trend of Invisible Orthodontics to Boost Market Growth

The invisible orthodontics offers various benefits such as less irritation to the gums and cheeks, fewer visits to dentists, the ability to customize based on the patient's requirements, and easy removal of braces. Such benefits contribute to the increased adoption of clear aligners in treating malocclusions.

The growing adoption of invisible orthodontics has generated growth opportunities for market players, thereby stimulating them to increase the production of clear aligners.

• For instance, Align Technology, Inc.'s clear aligner volume increased 54.8% in 2021 compared to 2020.

Such greater adoption of clear aligners coupled with the strong focus of companies towards increasing production is expected to increase the demand for these products in the long run.

DRIVING FACTORS

Technological Advancements in Dental Products to Drive Market Growth

Increasing technological advancements such as digital technologies, including artificial intelligence (A.I.) and machine learning (ML), have increased the adoption of novel products in the market.

Furthermore, the incorporation of robotics engineering in dental procedures is another significant advancement in the market. Minimally invasive, robot-assisted surgery will soon be the new standard of care in implantology.

• In January 2020, Neocis, Inc. announced that its Yomi surgical robotic system had completed over 1,000 implantations in 2019. The system offered a new level of precision in implant dentistry.

Such emerging novel technologies coupled with the increasing focus of market players on the R&D of new products are expected to propel the market growth during the forecast period.

Growing Prevalence of Dental Ailments Globally to Drive Market Growth

The increasing prevalence of tooth disorders is one of the key factors responsible for driving the global market growth. Tooth decay, periodontal disease, and malocclusion are the key disorders contributing to the increased demand and adoption of a wide range of implants, prosthetics, and intraoral scanners.

• For instance, according to a research article published by MedicineNet, Inc., in August 2021, it was reported that approximately half of the adult population in the U.S. were suffering from gum disease in 2020.

Early detection of the disease helps in planning interceptive and preventive measures that can alleviate the development of misalignment and other dental deformities. Around 60-70% of the population suffers from malocclusion, thereby increasing the demand for dental services in the long run. Furthermore, market players are launching various advanced products for dental hygienists, and dental assistants to treat dental ailments, thereby fostering the market revenue in the long run.

• For instance, in December 2021, Henry Schein, Inc. (through its orthodontics business) announced the launch of Studio Pro 4.0, a new web-based treatment planning software for Reveal Clear Aligners. Such introduction of technologically advanced products will increase the demand among the dental workforce.

Such a large patient population coupled with the increase in the launch of products that dentists can use are expected to propel the market during the forecast period.

RESTRAINING FACTORS

Inadequate Reimbursement and High Cost for Dental Services to Hamper Market Growth

The most important factors that influence services for patients are reimbursements and the cost of treatments. However, the high cost of treatment and limited reimbursement restrict market growth significantly, especially in developing countries. The high cost leads to the delays and cancellation of treatments, reducing the adoption of consumables to a certain extent.

• For instance, according to the report published by the Australian Institute of Health and Welfare in 2021, around one-fifth of dentate adults aged 15 years and over avoided or delayed visiting a dentist due to cost.

Moreover, the dental insurance available for the treatment is significantly lower than other healthcare insurance. Most of the financing is done through private health insurance or out-of-pocket spending. Such low reimbursement and insurance reduce the patient visits and treatments in dentist offices, thereby limiting the overall industry growth.

SEGMENTATION

By Type Analysis

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Dental Consumables Segment to Hold Major Share due to Growing Adoption of Clear Aligners

Based on the type, the market share is bifurcated into dental consumables and equipments.

The dental consumables segment captured the substantial market share in 2021 and is estimated to record the fastest CAGR over 2022-2029. The large share of the segment is attributed to the increasing prevalence of malocclusion coupled with the high demand for invisible orthodontics, especially among teenagers and females. With growing adoption of clear aligners, market players are bringing new products to the market.

• For instance, in May 2021, Henry Schein announced the launch of Reveal Clear Aligners for patients looking to enhance their facial aesthetics. This product was designed with patient comfort and aesthetics in mind.

The dental equipment segment is projected to expand at a substantial CAGR during the forecast period. This segmental growth is attributed to the increasing technological advancements in equipment. Moreover, market players focus on various strategies to expand their product offerings in the equipment segment, thereby increasing the segmental growth in the forecast timeframe.

• For instance, in August 2021, J. MORITA CORP. announced that it had agreed to acquire SK MEDICAL ELECTRONICS CO., LTD. This acquisition will help in improving the market revenue of the dental equipment.

By End-user Analysis

DSO/Group Practices to Grow at the Highest CAGR Due to Solo Practices Joining Large Group Practices

In terms of the end-user, the market share is segregated into solo practices, DSO/ group practices, and others.

In 2021, the solo practices dominated the market share and it is projected to register a notable CAGR during 2022-2029. The segmental growth is attributable to the large number of dentists working in solo practices. Moreover, the growing number of dentists due to the large number of patients undergoing treatment in these settings globally is expected to drive the segmental growth during the forecast period.

• According to the U.S. Bureau of Labor Statistics (BLS), approximately 92% of dentists in the country are employed with independent practices.

The DSO/group practices segment is predicted to grow at the fastest CAGR over 2022-2029. The segmental growth is due to independent dentists joining large group practices and increasing partnerships of DSO with market players to fulfill the demand for intraoral scanners and other products. Moreover, better reimbursement support, minimum risks, and lack of professional overhead burden for new dentists in group practices are expected to drive the segment forward.

• For instance, according to the Health Policy Institute (HPI) survey, DSO-affiliated practices have rebounded more strongly than non-DSO affiliated practices. Such minimum risk associated with DSO/group practices is expected to boost segmental growth.

REGIONAL INSIGHTS

North America generated USD 15.43 billion in the market in terms of annual revenue during 2021. The region is anticipated to dominate the global share owing to widespread adoption of clear aligners and surge in the launch of advanced products by market players are expected to drive market growth in the region. Moreover, a large population base with periodontitis and the rise in the patient-visit for treatment will foster the regional outlook. The presence of established players will propel the regional market forward.

Europe captured substantial market share in 2021 and it is predicted to record a notable CAGR over 2022-2029. Wide occurrence of malocclusion and the increase in the number of adults and teenagers undergoing orthodontic treatment and other procedures in the region. Furthermore, increasing expenditure on dental services is expected to increase the demand for consumables and equipment products over 2022-2029.

• For instance, in EU-21, the dental care expenditure proportion of total healthcare spending in Switzerland and the Netherlands was around 3.4% and 5.2%, respectively, in 2019. Such high dental expenditure in these countries is expected to drive market growth across Europe.

The market across Asia Pacific is anticipated to record the fastest CAGR from 2022 to 2029. The highest CAGR of the region can be credited to the increasing adoption of orthodontics and implants and rising public awareness regarding oral health. Moreover, increasing investments by the market players in the region is expected to drive market growth.

• For instance, in mid-December 2021, China granted regulatory approval for Straumann Group’s BLX, an implant system. Additionally, dental biomaterials were introduced in China for the first time in October. Such introduction of new products is expected to increase the adoption of dental implants across the region.

Countries in the Latin American and the Middle East and African regions will see slower growth due to the rising healthcare investments, growing incidence of edentulism, and increasing launches of technologically advanced products by market players in these regions.

KEY INDUSTRY PLAYERS

Companies with Technologically Advanced Product Portfolio to Hold Key Market Share

Dentsply Sirona, Align Technology Inc., ENVISTA HOLDINGS CORPORATION, Institut Straumann AG, and Henry Schein, Inc. are notable names in in the market. The dominance of these players is attributable to strong presence worldwide and a diversified product portfolio. Companies are rolling out technologically advanced solutions to penetrate new markets.

• For instance, in October 2020, Dentsply Sirona introduced Axeos 3D/2D imaging system and Schick AE intraoral sensors to enhance patient experience and greater practice efficiency in imaging solutions.

Other companies operating in the market include Argen Corporation, Axsys Dental Solutions, YENADENT, Colotene, Zimmer Biomet, 3M, and other small & medium-sized players. These companies are focusing on various strategic developments such as new product launches, partnerships, and collaborations.

LIST OF KEY COMPANIES PROFILED:

• 3M (U.S.)


• Institut Straumann AG (Switzerland)


• Henry Schein, Inc. (U.S.)


• Angelalign Technology Inc. (China)


• SHOFU INC. (Japan)


• PLANMECA OY (Finland)


• J. MORITA CORP. (Japan)


• Dentsply Sirona (U.S.)


• Align Technology, Inc. (U.S.)


• Zimmer Biomet (U.S.)


• Coltene (Switzerland)


• Ultradent Products Inc. (U.S.)


• Septodont (France)


• A.B. Dental (Israel)


• Sinol Dental (China)


• BIOLASE, Inc. (U.S.)


• Carestream Dental LLC (U.S.)


• 3Shape A/S (Denmark)


• Medit Corp. (South Korea)


• ENVISTA HOLDINGS CORPORATION (U.S.)


• VATECH (South Korea)


• Ivoclar Vivadent (Liechtenstein)


• AMERICAN ORTHODONTICS (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• November 2021 - Carestream Dental LLC announced its partnerships with 3DMouthguard to deliver digitally designed, 3D printed mouthguards.


• July 2021 - Septodont announced to acquire four dental brands from Sanofi. The four care brands are Ultracain, Rodogyl, Birodogyl, and Dontisolon. These products are mostly distributed in Europe.

REPORT COVERAGE

An Infographic Representation of Dental Market

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The global market research report provides a detailed competitive landscape. It focuses on dental industry overview with statistics, such as the number of dentists and estimated number of orthodontists in the key countries. Besides this, the report provides information related to the key industry developments such as mergers and acquisitions. In addition, the impact of COVID-19 and the dental industry overview during the pandemic are covered in the report.

Report Scope & Segmentation