Market Trends of Australia Dental Devices Industry
Prosthodontics Segment is Expected to Show Significant Growth Over the Forecast Period
Prosthodontics, also called dental prosthetics or prosthetic dentistry, is the area of dentistry that focuses on dental prostheses. The main factors attributing to the growth of the prosthodontics segment are the increasing demand for dental prostheses across the country and the rising government benefits. For instance, as per the report published in March 2023 by the Australian Institute of Health and Welfare, in 2021, the Australian Government paid benefits of USD 121,702 in respect of 1,371 Prosthodontic for total services across Australia, averaging USD 89 in benefits per service which include USD 172 on denture components and USD 53 on denture maintenance per service. Thus, an increase in government-paid benefits for prosthodontic treatment leads to an increase in the demand for prosthodontic devices, thereby driving the growth of the segment.
The companies are actively involved in strategies, developments, and collaborations to expand their footprint, which is expected to drive segmental growth. For instance, in October 2022, Totally Smiles and About Smiles partnered to launch Impression Dental Group. Sydney's About Smiles brings dental brands such as Care Dentistry and Ceramic Artisans Dental Laboratory into the group. Such initiations are expected to drive the growth of the market over the forecast period.
Additionally, in April 2023, My Emergency Dentist, a full-service dental clinic in Perth, launched same-day appointments for urgent dental needs. Patients who experience dental pain or have had a dental accident receive prompt attention and treatment by booking an emergency appointment with the clinic. Such initiative led to increased visits to the dental clinic for dental prostheses due to the dental accident, thereby driving segmental growth. Prosthodontics, also called dental prosthetics or prosthetic dentistry, is the area of dentistry that focuses on dental prostheses. The main factors attributing to the growth of the prosthodontics segment are the increasing demand for dental prostheses across the country and the rising government benefits. For instance, as per the report published in March 2023 by the Australian Institute of Health and Welfare, in 2021, the Australian Government paid benefits of USD 121,702 in respect of 1,371 Prosthodontic for total services across Australia, averaging USD 89 in benefits per service which include USD 172 on denture components and USD 53 on denture maintenance per service. Thus, an increase in government-paid benefits for prosthodontic treatment leads to an increase in the demand for prosthodontic devices, thereby driving the growth of the segment.
The companies are actively involved in strategies, developments, and collaborations to expand their footprint, which is expected to drive segmental growth. For instance, in October 2022, Totally Smiles and About Smiles partnered to launch Impression Dental Group. Sydney's About Smiles brings dental brands such as Care Dentistry and Ceramic Artisans Dental Laboratory into the group. Such initiations are expected to drive the growth of the market over the forecast period.
Additionally, in April 2023, My Emergency Dentist, a full-service dental clinic in Perth, launched same-day appointments for urgent dental needs. Patients who experience dental pain or have had a dental accident receive prompt attention and treatment by booking an emergency appointment with the clinic. Such initiative led to increased visits to the dental clinic for dental prostheses due to the dental accident, thereby driving segmental growth.
Thus, these aforementioned factors, such as the increasing demand for dental prostheses across the country and the rising government benefits, are likely to contribute to the growth of the segment over the analysis period.
Thus, these aforementioned factors, such as the increasing demand for dental prostheses across the country and the rising government benefits, are likely to contribute to the growth of the segment over the analysis period.
Dental Chair and Equipment Segment is Expected to Show Significant Growth Over the Forecast Period
A dental Chair is a specially designed medical device intended to support a patient's body when a dental procedure is being performed on them. Factors attributed to the growth of the market are the number of patients with decayed, missing, and filled teeth coupled with an increase in patient visits for dental treatment and increased expenditure on dental services. For instance, as per the data from the Australian Institute of Health and Welfare (AIHW), in March 2023, dental services were funded and accessed in a number of ways, privately or through public dental clinics or the Department of Veterans Affairs. In 2021-22, 44.8 million dental services were subsidized by private health insurance providers (Australian Prudential Regulation Authority 2022), and 4.7 million services were subsidized under the Australian Government's Child Dental Benefits Schedule, which supports the provision of basic dental services to eligible children aged 2-17. Such an initiative by the government and non-government entities is expected to drive segmental growth.
Additionally, according to the Patient Experience Survey 2020-21 by the Australian Bureau of Statistics 2021, nearly 48% of the population of Australia visited a dental professional in the last 12 months, and 54% visited more than once. Also, around 1 in 9 (11%) people who saw a dental professional received public dental care. Thus, with increased dental visits, the demand for dental chairs increases, thereby driving the market's growth over the forecast period.
Furthermore, the companies are actively involved in strategies, developments, and collaborations to expand their footprint, which is expected to drive segmental growth. For instance, in May 2021, A-dec and KaVo collaborated to deliver premier products, including dental chairs and other dental products, and world-class service to dental professionals worldwide, including Australia. The two companies collaborated to offer additional integration solutions aimed at enabling better clinical outcomes and patient experiences. Such initiatives by the key players are expected to drive segmental growth.
Hence, due to the abovementioned factors, such as the number of patients with decayed, missing, and filled teeth coupled with an increase in patient visits for dental treatment and increased expenditure on dental services, the segment is anticipated to witness growth during the forecast period.
