SAN FRANCISCO, Feb. 23, 2021 /PRNewswire/ -- The global cosmetic dentistry market size is expected to reach USD 27.4 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a 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. The geriatric population, in general, has propagated the growth of this industry with old age-related tooth ailments. Dental tourism has been an important reason that has caused cosmetic dentistry to prosper globally.
Key suggestions from the report:
North America led the market for cosmetic dentistry in 2020 owing to technological advancements and an increase in patients opting for procedures to improve dental aesthetics
The Asia Pacific region is expected to grow significantly in the forecast period. This is majorly attributed to a large population base and disposable income being generated in this region
By product, dental systems and equipment held the largest market share in 2020 owing to their wide range of applications in the dental industry
Read 107 page research report with ToC on "Cosmetic Dentistry Market Size, Share & Trends Analysis Report By Product (Dental Systems & Equipment, Dental Implants), By Region (North America, Europe, APAC, LATAM, MEA), And Segment Forecasts, 2021 - 2028'' at: https://www.grandviewresearch.com/industry-analysis/cosmetic-dentistry-market
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.
Initially, as a short-term impact of COVID-19, global cosmetic dentistry was hampered. Most of the dental clinics had stopped seeing their patients, with only emergency treatments given a permit. This resulted in a lower volume of patient visits and impacted revenue to a great extent. It was reported that there were 19 million fewer routine check-ups at NHS registered dental practices. However, telemedicine became an effective mode of communication for both patients and doctors. On the flip side, in countries such as Australia, due to the longer time spent on Zoom, interest in cosmetic dentistry has increased highlighting some brighter days ahead for the industry.
Grand View Research has segmented the global cosmetic dentistry market on the basis of product and region:
Cosmetic Dentistry Product Outlook (Revenue, USD Million, 2016 - 2028)
Cosmetic Dentistry Regional Outlook (Revenue, USD Million, 2016 - 2028)
List of Key Players of Cosmetic Dentistry Market
Align Technology Inc.
Dentsply International, Inc.
Zimmer Biomet Holding, Inc.
Institut Straumann AG
Sirona Dental Systems, Inc.
Find more research reports on Medical Devices Industry, by Grand View Research:
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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