Market Trends of Dental Services Industry
The dental Implants Segment is Anticipated to Hold a Significant Market Share During the Study Period.
Based on service type, the dental implant segment is expected to contribute a significant proportion of the market. The increasing prevalence of dental caries and tooth mortality is one of the contributing factors to the growth of this segment. For instance, according to data from the Global Oral Health Status Report (2022), the global prevalence of complete tooth loss was 7% among people of age 20 years or older. This is increasing the adoption rate of a number of dental implants among the common population. Apart from this, the increasing number of geriatric populations is also contributing to the rising adoption of dental implants. For instance, according to PopulationPyramid.net, the total population of people of age 65 years and older was 57.9 million in the United States, and the total population of people of age 40-59 years of age is almost 84.9 million in the United States. Also, according to data from the Centers for Disease Control and Prevention in May 2021, it was reported that almost 1 in 5 adults of age 65 years and older lost all their teeth in the United States. This is also increasing the preference for dental implants among the elderly population and fueling segmental growth.
Additionally, undue advantages offered by dental implants are the other contributing factors to the growth of the segment. For instance, according to an article published by Healthline Media in December 2022, several advantages were reported for dental implants, including durability, bone loss prevention, natural and aesthetic looks, and others. This is also resulting in the higher adoption of dental implants over bridges and dentures among the common population during the study period.
Thus, the above factors are contributing to the significant contribution of the dental implants segment in the dental services market.
North America is Expected to Dominate the Dental Services Market
North America is expected to dominate the market owing to certain factors, including a higher prevalence of dental disorders, availability of insurance coverage, higher disposable income, and high awareness of oral health among the general population. Increasing awareness among the population in this region is significantly boosting the adoption rate of dental services during the study period. For instance, in November 2022, Aspen Dental Management, Inc. partnered with Global Dental Relief with the aim of offering free dental care to more than 1,140 patients in Mexico. This is also coupled with offering oral health knowledge to the people, which in turn increases awareness regarding the available dental services for a number of dental disorders.
Additionally, according to the National Institute of Dental and Craniofacial Research, 90% of adults of age between 20 and 64 years in the United States were suffering from tooth decay, and almost 50% of the adult of age between 45 to 64 years were suffering from gum disease in 2022. This significant patient population is increasing the adoption rate of dental services such as periodontics, endodontics, and others during the study period. Additionally, the availability of favourable reimbursement policies in the region is also augmenting the adoption rate of dental services. For instance, according to Forbes Media LLC, there are a number of insurance companies such as Ameritas, Aflac, Humana, and others that cover almost 100% of the cost incurred from dental treatment based upon the type of plan.
Therefore, owing to the aforesaid factors, significant growth of the studied market is anticipated in the North America Region.
