Cosmetic Dentistry Market is Increasing at a Healthy CAGR of 13.50% During Forecast to 2023
Overview:
Cosmetic
dentistry is a procedure to change or upgrade dental condition to enhance the
look of the patient. The treatment encompasses activities like teeth whitening,
straightening, reshaping, and realignment. The industry is gaining substantial
traction due to the hike in technological integration and other various
factors. The global Cosmetic
Dentistry Market is slated to score a CAGR of 13.50 % over
the review period from 2018 to 2023. Market Research Future (MRFR), in their
recent analytical report on the same market, revealed that the probability for
future growth for the market is quite high.
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Factors
like aesthetic enhancement, better investment capacity, hike in technological
inclusion, and others are expected to boost the global cosmetic dentistry
market. Countries have also started promoting their regional markets as
dentistry tourism hub, which can boost the cosmetic dentistry market.
Competitive
Landscape:
Several companies are showing their
increasing interest in the global cosmetic dentistry market. These companies
are going to implement various strategies to cement their market position and
take the global market forward. These companies are Danaher Corporation, 3M
Company, Institut Straumann AG, Dentsply International, Inc., Align Technology,
Inc., Zimmer Biomet Holding, Inc., Biolase, Inc., Sirona Dental Systems, Inc.,
A-dec Inc., Q & M Dental Group, Denxy Technology Co., Limited, Planmeca Oy,
BioHorizons, Bicon, BioHorizons IPH, Inc., Cortex Dental Implants, Remedent NV,
and others. MRFR profiled these companies to understand trends that can
score well for the company in the coming days.
In September 2019, Riverdale Healthcare
made an acquisition as a part of their expansion strategy. They took over
Archway Dental practice in Stokesley, a clinic that provides NHS dental care
via three treatment rooms.
Segmentation:
The
global cosmetic dentistry market, as per the report of MRFR, can be segmented
into product type and end-user. This segmentation is expected to provide
information regarding factors that can be used later in the coming years.
Based
on the product type, the global cosmetic dentistry market can be segmented into
dental systems & equipment, inlays &onlays, dental bridges, dental
implants, dental crowns, dental veneers, orthodontic braces, and bonding agents. The dental systems & equipment segment can
be further segmented into dental chairs, instrument delivery systems, light
cure equipment, CAD/CAM systems, handpieces, dental lasers, scaling units, and
dental radiology equipment. The dental radiology equipment comprises intra-oral
radiology equipment, extra-oral radiology equipment, and cone beam computed
tomography (CBCT) scanners. The dental implants market includes titanium
implants and zirconium implants. The dental bridges market consists traditional
bridges, cantilever bridges, and Maryland bridges. The orthodontic braces market
includes fixed braces and removable braces.
The
cosmetic dentistry market, based on the end-user, can be segmented into
hospitals and dental clinics. Both these segments are expected to fetch
substantial revenue.
Regional
Analysis:
The
cosmetic dentistry market, by region, comprises the Americas, Europe,
Asia-Pacific, and the Middle East & Africa. Such a segmentation has its
focus on specific benefits that these regional markets enjoy.
The
America is leading the global market owing to its superior infrastructure,
better technological inclusion, high expenditure capacity, and hike in the
influence of entertainment & social media. These can be considered good
traction provider. The region has North and South America. In the North, it is
the US, Canada, and Mexico that are providing strong growth. In the South,
Brazil and Argentina are countries that are expected to provide thrust.
The
APAC region is expected to show a steady growth due to hike in infrastructural
development of the healthcare industry. The region is also having a rise in the
per capita income and its massive population is expected to assist the market
growth in the coming years. On the other hand, Europe is showing significant
changes. Feature-wise it has similarities with North America, but countries
like Hungary is developing its base as dental tourism hub, which is expected to
provide traction to the market.
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