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The global cosmetic dentistry market size is expected to reach USD 43.06 billion by 2026. The growing advancement in dental technology and materials have led to a surge in demand, which, in turn, will accelerate the cosmetic dentistry market share in the forthcoming years, sates Fortune Business Insights in a report, titled “Cosmetic Dentistry Market Size, Share & Industry Analysis, By Product (Dental Systems & Equipment, Dental Implants, Dental Prosthetics, Orthodontics, Teeth Whitening, and Others), By End User (Dental Hospitals & Clinics, Dental Laboratories, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 23.02 billion in 2018 and is expected to register a CAGR of 8.0% between 2019 to 2026.
Acquisition of ClearCorrect by Straumann Group to Accelerate Growth Prospects
Straumann Group, a producer and leader in dental implants, instruments, biomaterials, CADCAM prosthetics, digital equipment, software, and clear aligners, headquartered in Basel, Switzerland announced that it has acquired ClearCorrect, global manufacturer of dental product and services for the contract of USD 150 million. The new development between the company will allow ClearCorrectto produce and manufacture clear aligners in Round Rock, Texas, under its brand name. ClearCorrect uses proprietary and patented software to develop treatment plans and clear aligners for clinicians and their patients. Therefore, with the acquisition, the company will be able to provide clear aligners for the global orthodontic industry on a large scale, which in turn, will spur business opportunities for the market. Moreover, the rising agreement and deal among market players to expand their distribution networks will subsequently boost the market revenue for cosmetic dentistry during the forecast period. For instance, in September 2019, Zimmer Biomet, a medical device declared a multinational distribution agreement with Align Technology, Inc, a manufacturer of 3D digital scanners and clear aligners for the award-winning iTero Element family of intraoral scanners. This agreement will enable Zimmer Biomet to expand its global footprint in the fast-growing market for digital restorative dentistry solutions.
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Growing Prominence of Dental Aesthetics to Boost Market Scope
The penetration of aesthetic dental solutions has led to high demand among patient. The growing importance of dental aesthetics and short-course treatment will enable healthy growth of the market. The growing awareness regarding the preventive and restorative dental solutions offered by cosmetic dentistry will spur lucrative sales opportunities for the market in the forthcoming years. The rising number of innovative cosmetic procedures will boost the cosmetic dentistry market trends during the forecast period. Moreover, the rising preference and willingness towards improving face beauty through cosmetic dentistry will enhance market possibilities in the foreseeable future. According to the Department of Health & Human Services Australia, cosmetic dentistry can make substantial improvements to teeth and smile and it is one of the most preferred procedures among people. In addition, the rising disposable income among population in the developing nations will promote healthy growth of the market.
Importance on Leading the Front foot by Market Players to Enrich Industry Outlook
The eminent players in this market are focused on leading the front foot through strategic marketing techniques such as product launches, strategic acquisitions, deals and agreements. Moreover, the leading players such as Dentsply Sirona, VATECH, Institut Straumann AG, Nobel Biocare Services AG (Danaher), Henry Schein, Inc., and Zimmer Biomet are fixed on providing dental solutions to expand their product portfolio. The emergence of local players in the market will consequently offer impetus to the market growth in the forthcoming years.
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