The Latest Global Dental Industry Statistics Explained
The global dental market is anticipated to reach US$ 60.59 Billion by 2024.
The statistic “The global dental market is anticipated to reach US$ 60.59 Billion by 2024” reflects a projected value for the total market size of dental products and services on a global scale by the year 2024. This statistic suggests a significant growth trajectory in the dental industry, indicating increasing demand for dental care and related products worldwide. The anticipated market value of US$ 60.59 billion by 2024 highlights the potential for expansion and investment opportunities in the dental sector, reflecting trends such as advancements in technology, rising awareness about oral health, and a growing aging population requiring dental services. Analyzing and understanding such projections can help stakeholders, investors, and healthcare professionals make informed decisions about strategies and investment in the dental market.
The global dental equipment market size was valued at USD 7.66 billion in 2020.
The statistic indicates that the total value of the global dental equipment market in terms of revenue generated from the sales of dental equipment was USD 7.66 billion in the year 2020. This figure represents the aggregate value of products such as dental chairs, dental handpieces, dental imaging equipment, and other dental instruments sold worldwide during that year. The size of the dental equipment market is vital for understanding the economic impact and growth opportunities within the dental industry. Factors influencing this market size include technological advancements in dental equipment, increasing awareness of oral health, and rising demand for dental services globally.
The dental consumables market is projected to reach USD 47.3 billion by 2025, from USD 30.0 billion in 2019.
The statistic provided indicates the projected growth in the dental consumables market from 2019 to 2025, with a forecasted increase from USD 30.0 billion in 2019 to USD 47.3 billion by 2025. This represents a substantial growth rate over the six-year period. Factors driving this growth could include an increasing global population, aging demographics, rising awareness of oral health, technological advancements leading to new product introductions, and expanding dental care services. The growth in the dental consumables market reflects the increasing demand for dental products and services, highlighting opportunities for industry players to capitalize on this expanding market.
The dental implant market is expected to witness a CAGR of 6.72% during the period, 2022-2027.
This statistic indicates that the dental implant market is projected to experience a Compound Annual Growth Rate (CAGR) of 6.72% over the period from 2022 to 2027. A CAGR is a measure used to represent the mean annual growth rate of an investment or market over a specified time period. In this context, the CAGR suggests that the dental implant market is anticipated to grow steadily at a rate of 6.72% each year from 2022 to 2027. This growth rate indicates a positive outlook for the market, suggesting an increasing demand for dental implants and related products and services within the specified timeframe.
The dental services market is expected to grow to $661.0 billion in 2023 at a CAGR of nearly 10%.
This statistic indicates that the dental services market is projected to expand significantly in the year 2023, reaching a total value of $661.0 billion. The compound annual growth rate (CAGR) of nearly 10% suggests a strong and steady increase over the forecast period. This growth trend implies a growing demand for dental services, possibly driven by factors such as increasing awareness about oral health, technological advancements in the industry, and an aging population requiring more dental care. The expected growth in market size signals potential opportunities for dental service providers and related businesses to capitalize on this expanding market in the coming years.
Demand for orthopedic and cosmetic dentistry in Europe is anticipated to drive the market and is expected to reach USD 16.1 billion by 2026.
The statistic indicates that there is a projected increase in the demand for orthopedic and cosmetic dentistry services in Europe, which will contribute significantly to the market growth. The anticipated rise in demand suggests a growing need for orthopedic and cosmetic dental procedures among the European population, which is expected to propel the market to reach a value of USD 16.1 billion by the year 2026. This upward trend in market size is likely driven by factors such as an aging population, increasing awareness of dental aesthetics, technological advancements in dental procedures, and higher disposable incomes, all of which are contributing to the expansion of the orthopedic and cosmetic dentistry market in Europe.
The prevalence of dental and oral conditions is driving demand for dental services market over the forecast period, anticipated to reach USD 500 billion by 2028.
The statistic indicates that the increasing prevalence of dental and oral health conditions among the population is expected to significantly drive the demand for dental services, leading to a projected market value of USD 500 billion by the year 2028. This growth in demand for dental services can be attributed to factors such as aging populations, lifestyle changes, and a growing awareness of the importance of oral health. The substantial market value forecasted highlights the significant economic impact of the dental industry and emphasizes the importance of addressing oral health issues to meet the increasing demand for dental services in the coming years.
On a global scale, the key companies for the dental market hold approximately 65% of the market.
This statistic indicates that a significant portion of the global dental market is dominated by a relatively small number of key companies, collectively holding around 65% of market share. This concentration of market power suggests that these companies have a substantial influence on the industry, potentially impacting aspects such as pricing, innovation, and overall market dynamics. Smaller or new entrant companies may face challenges in competing with the established players, leading to potential barriers to market entry and competition. Understanding the market dynamics and strategies of these key companies is crucial for stakeholders within the dental industry to navigate effectively within this highly concentrated market landscape.
The dental surgical instruments market size is expected to reach USD 5.96 Billion by 2023.
This statistic indicates that the dental surgical instruments market is projected to grow significantly and reach a value of USD 5.96 Billion by the year 2023. This forecast suggests strong growth opportunities in the dental surgical instruments industry, driven by factors such as advancements in dental technology, increasing focus on oral health, and a rising global population in need of dental treatments. The estimated market size provides valuable insights for industry stakeholders, including manufacturers, suppliers, and investors, guiding strategic decision-making and resource allocation to capitalize on the growing demand in the dental surgical instruments market.
The global dental imaging market is expected to rise at a CAGR of 8.5% from 2020 to 2027.
This statistic indicates that the global dental imaging market is projected to experience a Compound Annual Growth Rate (CAGR) of 8.5% from the year 2020 to 2027. A CAGR is a measure of the annual growth rate of an investment over a specified period of time, assuming the investment grows at a steady rate from the initial investment value to the ending investment value. In this context, the expected CAGR of 8.5% suggests that the dental imaging market is anticipated to expand steadily over the given timeframe, indicating potential growth and opportunities within the industry.
Asia-Pacific is anticipated to be the fastest-growing region for the dental consumables market.
The statistic indicates that the Asia-Pacific region is expected to experience the highest rate of growth in the dental consumables market compared to other regions. This suggests that there is a growing demand for dental consumables such as dental implants, orthodontics, and prosthetics in countries within the Asia-Pacific region. Factors contributing to this anticipated growth could include rising disposable incomes, increasing awareness about dental health and aesthetics, advancements in dental technology, and improving healthcare infrastructure. As a result, companies operating in the dental consumables market may find significant opportunities for expansion and investment in the Asia-Pacific region.
The dental laboratories market is projected to witness a CAGR of 6% over the forecast period (2020 – 2025).
This statistic indicates that the dental laboratories market is expected to experience a Compound Annual Growth Rate (CAGR) of 6% over the forecast period from 2020 to 2025. This means that on average, the market is estimated to grow at a rate of 6% annually during this period. The CAGR provides a smooth representation of the growth trajectory of the market, taking into account the compounding effect over multiple years. This projection suggests that the dental laboratories industry is likely to expand steadily over the next five years, indicating potential opportunities for businesses within this sector.
The global oral care market size was valued at USD 32.00 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2028.
This statistic indicates that the global oral care market had a market size of USD 32.00 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2028. This suggests that the market is expected to continue expanding steadily over the forecasted period, reaching a higher market value by the end of 2028. The CAGR provides a measure of the consistent annual growth rate that the market is expected to experience, giving insights into the overall trajectory and potential opportunities within the oral care industry.
Individual dental crowns are the highest contributor in the dental consumables market.
The statistic ‘Individual dental crowns are the highest contributor in the dental consumables market’ suggests that among all dental consumables, including items like fillings, bonding agents, and orthodontic appliances, individual dental crowns make up the largest portion of sales or usage. This indicates that dental crowns are in high demand, likely due to their common use in restorative dentistry to protect and restore damaged teeth. The popularity of individual dental crowns may also reflect advancements in technology and materials used in their production, making them a preferred choice among dental professionals and patients for improving oral health and aesthetics.
The market for dental 3D printing is expected to register a CAGR of 20.3% during the forecast period (2021-2026).
This statistic indicates the compound annual growth rate (CAGR) projected for the market of dental 3D printing over the forecast period from 2021 to 2026, estimating a significant growth rate of 20.3% each year. This growth rate signifies the anticipated annual increase in the size and value of the dental 3D printing market, showcasing a promising and robust trajectory for the industry over the specified period. The CAGR metric provides a comprehensive view of the market’s growth potential, suggesting a positive outlook for companies operating within the dental 3D printing sector and indicating opportunities for expansion and innovation within the market.
There is projected to be a 10.8% CAGR for the dental digital X-ray global market from 2022 to 2028.
This statistic indicates that the dental digital X-ray global market is expected to grow at a compound annual growth rate (CAGR) of 10.8% between 2022 and 2028. This projected CAGR signifies the anticipated annualized growth rate over the specified period, suggesting a positive trend in market expansion. This growth rate implies that the demand for dental digital X-ray technology is expected to increase steadily during the forecasted timeframe, driven by factors such as technological advancements, rising adoption of digital imaging solutions in dental practices, and the growing emphasis on improving diagnostic accuracy and patient care in the dental industry.
By 2024 the worldwide market for Dental CAD/CAM Materials & Systems is expected to reach US$3.1 Billion.
The statistic indicates that by the year 2024, the global market for Dental CAD/CAM (Computer-Aided Design/Computer-Aided Manufacturing) Materials & Systems is projected to reach a value of US$3.1 billion. This expected increase signifies a growing demand for technologically advanced materials and systems in the dental industry, particularly in the field of CAD/CAM, which allows for more precise and efficient dental restorations. Factors driving this market growth may include advancements in dental technology, increasing awareness among both dental professionals and patients, and the rising prevalence of dental disorders worldwide. The forecasted value of US$3.1 billion highlights the significant market opportunity and potential for continued innovation and expansion within the Dental CAD/CAM Materials & Systems sector.
Global forecasts anticipate the dental biomaterials market will reach USD 9.6 billion by 2023 from an estimated USD 6.7 billion in 2018.
The statistic indicates that the dental biomaterials market is expected to show significant growth over the next five years, with global forecasts projecting a jump in market size from USD 6.7 billion in 2018 to USD 9.6 billion by 2023. This represents a substantial increase of approximately 43% over the forecast period. The expected growth suggests a rising demand for dental biomaterials driven by factors such as technological advancements, increasing prevalence of dental disorders, and a growing aging population with a need for dental implants and restorations. The forecasted expansion of the dental biomaterials market highlights opportunities for manufacturers, suppliers, and other stakeholders in the dental industry to capitalize on this trend and adapt their strategies to meet the evolving needs of the market.
The global dental handpieces market size was valued at USD 1.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028.
This statistic indicates that the global dental handpieces market was worth USD 1.3 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028. This suggests that the market is anticipated to steadily increase in value over the forecast period. The CAGR of 4.1% indicates the average annual growth rate of the market during this period. Factors such as technological advancements in dental handpieces, increasing demand for dental procedures, and growing awareness about oral health are likely contributing to this market growth. The projected growth rate provides valuable insights for stakeholders in the dental industry in terms of market opportunities and potential for expansion.
Conclusion
Based on the insights gained from the global dental industry statistics, it is clear that the dental sector is experiencing significant growth and opportunity worldwide. With increasing awareness about oral health and advancements in technology, the industry is poised for further development in the coming years. Dentists, researchers, and industry stakeholders can leverage these statistics to make informed decisions and drive innovation in dental care.
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