Cosmetic dentistry is a work that primarily enhances the look of teeth, gums, and bites. The focus of cosmetic dentistry is on improving the entire appearance of the teeth, including their size, alignment, color, shape, location, and smile. The rise in the older population, which is more susceptible to teeth-related issues, and the incidence of dental illnesses such as periodontal diseases, gum disease, tooth decay, dental cracks, and cavities further raise demand for cosmetic dentistry to improve aesthetic appeal. In addition, the availability of CAD/CAM systems, which heavily utilize 3D technology to improve the design and creation of dental restorations, further contribute to the growth of the cosmetic dentistry market. Additionally, the market is growing due to increased demand for cosmetic dentistry brought on by high disposable income and a focus on personal aesthetics.
COVID-19 IMPACT
The COVID 19 pathogen outbreak, which began in 2020, has been widely reported in 150 nations worldwide. It was deemed to be a pandemic by the World Health Organization. Lockdowns all around the world have disrupted supply chains and local marketplaces, which has had a severe impact on the world economy. Such pandemics frequently cause economic stagnation and recession. This has an impact on how much is spent on aesthetic procedures in areas that are seriously affected. In addition, the American Dental Association reports that about 5% of dental offices are open despite having low patient volumes, 19% are fully closed, and approximately 76% of dental offices are only available for emergency cases. Consequently, a short-term decline in procedure volume is anticipated to restrain market growth until early 2021.
DRIVING FACTORS
Demand is Being Driven by Minimally Invasive and 3D Dentistry Adoption
In cosmetic dentistry, three-dimensional (3D) printing is a relatively new manufacturing method. 3D printing uses a computer program to build up an object layer by layer using materials like milled plastic or stainless steel powder. Applications for 3D printing include patient and professional customization of 3D-printed teeth, dentures, and other instruments. With the help of this technology, individual teeth can also be produced by scanning their size and shape and then printing a replica out of various materials. Additionally, there is a growing tendency toward using robotics and artificial intelligence in dentistry. The availability of robots for less invasive dental procedures such as tooth extraction, cavity filling, cap application, and teeth cleaning will further propel the market for aesthetic dentistry in the future.
RESTRAINING FACTORS
Cosmetic Dentistry Receives Insufficient Compensation, which Limits the Market
Compensation for dental cosmetic operations is difficult to come by because cosmetic procedures are highly pricey and are not seen as necessary by insurance companies or governmental organizations. Huge investments are needed for technologically advanced equipment, and a demand for dental imaging tools and other advanced devices. Insurance firms cannot protect these substantial investments, thereby impeding the development of this industry. As a result, individuals are required to cover a sizable amount of the cost of cosmetic treatments out of their own pockets. Dental treatment depends on the patient's ability to pay due to the restricted reimbursement. This is a significant element that is limiting the market's expansion.
SEGMENTATION
By Product Type
Based on product type, the cosmetic dentistry market is segmented into dental systems & equipment, dental implants, dental bridges, dental veneers, dental crowns, orthodontic braces and inlays & onlays. The solutions category dominated the market in 2021. This is explained by their diverse variety of uses in the dental dental lasers, sector. Various arrangements, such as instrument delivery systems, dental chairs, light-curing equipment, dental scaling units, dental handpieces, dental CAD/CAM systems, and dental radiology equipment, are examples of dental systems and equipment.
By End User
By end user, the market is segmented into dental hospitals and clinics, dental laboratories and others. The dental hospitals and clinics category dominated the market in 2021. Dentists that have gained competence in dental procedures execute the operations. Such treatments are flawlessly conducted in dental hospitals and clinics, giving the segment a competitive advantage. Besides, dental laboratories are expected to increase rapidly during the predicted period. Government-approved dentists collaborate with dental laboratories to create dental prostheses such as crowns, bridges, and other dental restorations, making this the fastest-growing area.
By Age Group
By age group, the market is segmented into children and adults. The adult's category dominated the market in 2021 because dental conditions such as tooth decay, dental cracks, gum disease, and cavities are becoming more common. Additionally, adult periodontal problems enhance the need for cosmetic dentistry procedures and mature awareness of the value of aesthetic beauty, particularly in women.
REGIONAL INSIGHTS
North America is projected to hold the largest share of the cosmetic dentistry market over the forecast period. The region's market is characterized by a larger usage of CAD/CAM tools and technology and an increased prevalence of dental conditions. Additionally, the region's dominant market share in the world for cosmetic dentistry can be explained by high per capita dental spending, increased use of dental services, rising demand for high-end dental products, and relatively higher availability of dentists per 1,000 people.
On the other hand, the Asia Pacific cosmetic dentistry market is anticipated to grow significantly over the forecast period. The rising edentulous population in this area and rising public awareness are both factors in the market's expansion. Growing geriatric populations, rising disposable income, rising adoption of technologically advance products, and an increase in the number of dentists in the region is predicted to propel the in the Asia Pacific during the forecast period.
LIST OF KEY COMPANIES PROFILED:
- 3M Company
- Align Technology, Inc.
- DENTSPLY Sirona
- Envista Holdings
- Henry Schein
- Kuraray Co. Ltd.
- Planmeca Group
- Roland DG
- Straumann Holdings AG
- Zimmer Biomet Holdings, Inc.
KEY INDUSTRY DEVELOPMENTS:
- June 2021: Zenyum announced that it had secured a Series B funding round worth $40 million from L Catterton, Sequoia India, and other investors. The business wants to offer patients aesthetic dentistry that is reasonably priced.
- December 2020: Midwest Dental was acquired, according to a statement from Smile Brands Inc. A dental services provider, Midwest Dental has over 230 locations in the Midwest and New England.
| Attributes | Details |
| Study Period | 2016-2028 |
| Base Year | 2021 |
| Estimated Year | 2022 |
| Forecast Period | 2022-2028 |
| Historical Period | 2016-2020 |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Product Type, By End User, By Age Group and By Geography |
| By Product Type |
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| By End User |
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| By Age Group |
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| By Region |
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