Report : North America Dental Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Dental Restorative, Dental Orthodontics, Dental Consumables, and Other Specialties) and Application (Hospitals, Dental Clinics, and Others)
Dental Consumables Segment to Dominate North America Dental Market during 2019–2028
According to a new market research study on “North America Dental Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 18,815.16 million by 2028 from US$ 10,809.75 million in 2021. The market is estimated to grow at a CAGR of 8.2% from 2021 to 2028. Increase in demand for dental cosmetic procedures is the major factor driving the growth of the North America dental market. However, limited reimbursements may hinder the growth of North America dental market. The report provides trends prevailing in the North America dental market along with the drivers and restraints pertaining to the market growth.
North America is witnessing a growing number of COVID-19 cases; for instance, in the United States, the number of cases has been increased to about 6.83 million with 199 thousand deaths reported as per the Worldometer. Additionally, Mexico and Canada cases are also growing. Due to the spread of coronavirus, many cities are shutting down, causing treatments and doctors/dentist appointment cancellation. The patients suffering from critical dental issues need physical attention and need to perform procedures in the clinics. The procedure includes root canal obturation, root repair, tooth decay, root canal treatment, tooth cavity treatments, and others. Among chronic health conditions, dental diseases are one of the most preventable public health challenges in the US. Due to the rising intensity of the pandemic, the patients are not able to visit the dental clinics, the limited/uneven availability of dental staffs and such other factors have an impact on the market. As per the CDC Guidance for dental settings, the US has prioritized the most critical dental services and provided care to minimize harm to patients from delaying care and damage to personnel and patients from potential exposure to SARS-CoV-2 infection. The interim guidance has been renewed based on currently available information about coronavirus disease 2019 (COVID-19) and the United States' current circumstances. As dental healthcare departments begin to restart elective procedures by the administration from local and state officials, some anticipations should remain in place as a part of the ongoing response to the COVID-19 pandemic. Precaution such as wearing eye protection in addition to a facemask to ensure the eyes, nose, and mouth are all protected and usage of an N95 respirator. Based on an analysis of new data from numerous federal agencies conducted by the ADA Health Policy Institute, national dental expenditures fell by 1.8 percent, from US$ 145 billion in 2019 to US$ 142.4 billion in 2020. According to a Health Policy Institute review of data from the Centers for Medicare and Medicaid Services, the Bureau of Economic Analysis, and the Census Bureau, per capita, dental spending declined from US$ 442 in 2019 to US$ 430 in 2020. As the oral treatment, procedures are directly contacted with patients’ oral fluid that has a possible risk of infections, for the preventing the spread of COVID-19 it is requested to maintain social distancing as there is a greater risk of being infected with coronavirus due to direct exposure to oral fluids of the patients. Therefore, it is likely to affect the dental market owing to the above-mentioned points.
The North America dental market is segmented into type, application, and country. The North America dental market based on the type is segmented into dental restorative, dental orthodontics, dental consumables, and other specialties. In 2020, the dental consumables segment held the largest share North America dental market. Based on dental restorative the market is divided into dental implants, dental prosthetics, and implant accessories. In 2020, the dental implants segment held the largest share North America dental market. Based on dental orthodontics the market is divided into fixed braces and clear aligners. In 2020, the fixed braces segment held the largest share North America dental market. Based on application, the North America dental market is segmented into hospitals, dental clinics, and others. The hospitals segment held the largest share of the market in 2020. Similarly, based on country, the market is segmented into the US, Canada, and Mexico. The US contributed a substantial share in 2020.
3M; Align Technology, Inc.; Carestream Dental LLC; Danaher; Dentsply Sirona; Ivoclar Vivadent AG; PLANMECA OY; Shofu Global; Ultradent Products Inc; and Zimmer Biomet are among the leading companies in the North America dental market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Carestream Dental had partnered with SLOWDENTISTRY to promote the use of digital dental technology and ensure it’s being used to its fullest potential. Through this partnership, Carestream Dental will be able to offer select membership opportunities to its users.
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