Cosmetic Dentistry Market To Gain Demand Quickly Due To Increasing Disposable Income Till 2024: Grand View Research, Inc.
Global cosmetic
dentistry market is
expected to reach USD 27.95 billion by 2024, according to a new report by Grand
View Research, Inc. More and more people are opting for esthetic dental
procedures, which has resulted in development of advanced technologies.
Cognizance among populations about such techniques and procedures has allowed
this industry to prosper by leaps and bounds. Developing countries have
generated a significant amount of disposable income, which is the main reason
why cosmetic dentistry is flourishing. Geriatric population, in general, has
propagated the growth of this industry with old-age-related tooth
ailments.
Treatments that include teeth
whitening, change in dental appearance, and intervention of malocclusion are
the most frequent procedures that patients undergo in cosmetic dentistry.
Dental tourism has been one of the most important reasons for cosmetic
dentistry to prosper globally.
The major restraints in this
market are lack of reimbursement options for cosmetic procedures and expensive
cost of dental imaging. Insurance companies and government agencies do not
regard cosmetic procedures as essential and thus, not many reimbursement
options are available for cosmetic dentistry. On the other hand, dental imaging
requires technologically advanced equipment requiring huge investments that are
not covered by insurance companies. This is another reason that hinders the
growth of this sector.
On the basis of the products,
this industry is segmented into dental systems and equipment, dental implants,
dental bridges, dental crowns, dental veneers, orthodontic braces, bonding agents,
and, inlays & onlays. The major market share in case of products was
accounted for by dental systems and equipment, as they include a wide range of
products that are used in a majority of the dental procedures. With an
escalation in individuals opting for cosmetic dentistry, dental braces are also
used extensively to alter the alignment of teeth. With CAD/CAM systems, the
designing of dental prosthetics has become relatively easy allowing 3D
technology to be used extensively, which has drastically improved accuracy of
procedures.
Cosmetic dentistry market, by region, 2013 - 2024 (USD
Billion)
Browse full research report on Cosmetic
Dentistry Market
Further key findings from the report suggest:
- The European
region is set to lead the cosmetic dentistry market owing to technological
advances and increase in patients opting for procedures for esthetic
purposes.
- The Asia
Pacific region is bound to grow significantly in the forecast period. This
is majorly contributed by large population bases and disposable income
being generated in this region.
- Dental
systems and equipment garnered the highest market share owing to their
wide range of applications in the dental industry.
- Increasing
awareness about such procedures in the common population has allowed more
individuals to opt for minimally invasive techniques to correct dental
deformities and increase esthetic appeal.
- Some key
market players include Danaher Corporation, Sirona Dental Systems,
Dentsply International, Inc., Institut Straumann AG, 3M Company, and
Zimmer Biomet Holding, Inc.
For more information: http://www.grandviewresearch.com
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