The global cosmetic dentistry market size was valued at USD 6.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2028. With an increase in the population opting for the improvement of dental aesthetics, this industry has undergone great advancements. Cognizance among the population about such techniques and procedures has allowed this industry to prosper by leaps and bounds. Developing countries have generated a large amount of disposable income, which is the main reason why cosmetic dentistry is flourishing.
Based on product, dental systems and equipment held the largest market share in 2020 as they include a wide range of products that are used in a majority of the dental procedures involved. With an escalation in individuals opting for cosmetic dentistry, increasing orthodontic braces are also used extensively to alter dental disfigurations. With CAD and CAM systems, the designing of dental prosthetics has become relatively easy, allowing 3D technology to be used extensively, resulting in the accuracy of procedures.
Key Player Mentioned:
· Danaher Corporation
· Align Technology Inc.
· Dentsply International, Inc.
· 3M Company
· Zimmer Biomet Holding, Inc.
· Institut Straumann AG
· Sirona Dental Systems, Inc.
· Biolase, Inc.
· Planmeca Oy
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Product Segment Analysis:
· Dental Systems & Equipment
· Dental Implants
· Dental Crowns & Bridges
· Dental Veneer
· Orthodontic Braces
· Bonding Agents
· Inlays & Onlays
· Whitening
The major restraints in this market include the lack of reimbursement options for cosmetic procedures and the 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 high technological equipment to be used requiring a large amount of money that is not covered by insurance companies, thereby proving to be another reason that hinders the growth of this market.
Regional Segment Analysis:
North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
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Most of the companies are involved in the modification of already launched products, thereby enhancing their product portfolios. Consolidated partnerships between companies in this industry are a frequent phenomenon to keep ahead of other competitors. For instance, in March 2019, Align Technology, Inc. announced a distribution agreement for iTero Element Intraoral Scanners with Benco Dental, which is the largest privately-owned dental distributor in the U.S. The company’s iTero Element scanner can help dentists perform a wide range of restorative and orthodontic procedures with greater precision and visualization capabilities.
The study objectives of this report are:
· To research global status, future forecasts, growth opportunities, key markets and key players.
· To present the market development in us, Europe and China.
· To strategically profile the key players and comprehensively analyze their development plan and methods.
Key aspects covered in the report include:
1.The market size and industry growth rate of the global and regional market across various segments
2. The region or the sub-segment that is expected to drive the Cosmetic Dentistry market in the forecast period 2021-2028
3. Key companies operating in the global Cosmetic Dentistry market and their market share
4. The Factors that are estimated to drive the Cosmetic Dentistry Market growth
5. Key opportunities in the Cosmetic Dentistry market
6. Key technological advancements and market trends that shape the market
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