Dental Services Industry Opts For Ceramics Over Metal-Based Restorations

2019 Dental Services Market Segments

The Business Research Company adds a report “Dental Services Market By Type (General Dentistry, Orthodontics And Prosthodontics And Oral Surgery), By End Use Industry, By Country, By Competitor And Regional Analysis – Global Forecast To 2022” under its healthcare services category. The report covers market characteristics, key players, market size and trends from 2014 to 2022.

Dentists are health practitioners who operate private or group practices in their own premises or in other facilities such as hospitals or health maintenance organization (HMO) medical centers. They provide dental preventive, cosmetic maintenance and/or emergency care. They might also specialize in a single field of dentistry.

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The dental services market size is expected to grow at a growth rate of around 9% to nearly $630 billion by 2022.

Growth in the dental services market in the historic period resulted from rise in geriatric population, rise in disposable incomes and health insurance reforms. Factors that negatively affected growth in the historic period are weak wage growth in developed economies, unqualified manpower and limited coverage for dental services.

Going forward, economic growth, technology, more educated patients, dental franchise model and dental tourism will drive growth. Factors that could hinder the growth of the dental services industry in the future are cost, interest rate increases and government regulations.

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One of the dental services market trends is that there has been a shift from metal-based restorations towards ceramics. That change was due to both better aesthetics and performance. The change has been supported by improved imaging and material cutting techniques using CAD/CAM and laser processes.

With the rise in geriatric population, rise in disposable incomes and health insurance reforms, the potential and scope for the global dental services market is expected to increase.

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Some of the major drivers of the market are:

Economic Growth – The global economy is expected to go through a continued period of steady growth during the forecast period.

Technology – Technology is expected to be a continued driver of market growth during this period. Areas of particular development are likely to be robotics and minimal invasive surgery technologies. Markets such as this one will benefit from the greater efficiencies offered by these technologies.

However, the market is expected to face restraints from several factors such as –

Government Regulations – Dental service providers must follow numerous, complex regulations that set guidelines for service quality and care delivery. Technology companies that entered the healthcare industry are finding it difficult to release products due to excessive regulations.

Interest Rate Increases – Interest rates are expected to increase in developed nations, particularly the USA and Europe, during the forecast period.

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