DENTAL MARKET ANALYSIS

Dental Market Size and Trends

Global dental market is estimated to be valued at USD 10.72 Bn in 2024 and is expected to reach USD 17.55 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

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Global dental market is witnessing positive trends like increased adoption of dental implants and rising demand for cosmetic dentistry. More people are opting for dental veneers, teeth whitening, and straightening to enhance their appearance. There is also growth in invisible orthodontics using clear aligners. Aging population and increased focus on preventive dental care can offer market opportunities. With increased access and growing dental tourism, the market is expected to witness growth in the near future.

Growing Incidence of Dental Disease

Rising prevalence of oral diseases due to growing urbanization and changes in living conditions is expected to drive the market growth. Most cases are dental caries (tooth decay), periodontal diseases, tooth loss, and oral cancers. Thus, increasing incidence of dental diseases is expected to drive the market growth in near future. For instance, in March 2023, according to the WHO Global Oral Health Status Report (2022), oral diseases affects 3.5 billion people worldwide, with 3 out of 4 people affected living in middle-income countries 2 billion people suffer from caries of permanent teeth globally, and 514 million children suffer from caries of primary teeth.

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Increasing product launches by key market players is expected to drive the market growth over the forecast period. For instance, in February 2023, BIOLASE, Inc., a global leader in dental lasers, announced the U.S. launch of the Waterlase Fractional Handpiece for doctors seeking a faster and more efficient way to perform skin resurfacing.