The North America Dental Services Market would witness market growth of 3.9% CAGR during the forecast period (2023-2029).
Dentists' recommendations partly increase the demand for various dental services. Free dental camps, web advertising, and initiatives to promote oral health are all part of marketing strategies to make the clinics more profitable. Additionally, numerous unmet demands and a wide range of service options in oral care have encouraged dental equipment manufacturers to invest in R&D activities to develop and profit from ground-breaking innovations.
Because of the economic boom and growing urbanization, disposable incomes have risen steadily. In addition, there will likely be a significant increase in per capita consumption spending on healthcare services in the next years. Throughout the projected period, it is anticipated that rising purchasing power and rising wellness and health consciousness among millennials will support market growth.
Multiple market players have invested sizable costs to take advantage of the significant demand for invisible orthodontics that may straighten and reshape teeth. This possibility grows as more people use dental procedures to reshape their teeth. In addition, the development of endodontic technology, which uses various methods, fillings, and metal, has also contributed to the popularity of root canal procedures. Therefore, it is projected that the market for dental services will greatly increase over the projection period due to the introduction of new, enhanced technologies.
The region's population is experiencing a sharp rise in dental issues. According to the Centers for Disease Control and Prevention, 98 million adults in the US will be over 65, or 24% of the country's overall population. The survey also claimed that cavities affect practically everyone over 65. Furthermore, untreated dental decay affects one in every five people. Additionally, a rise of 67 dentists per 100,000 people is anticipated between 2025 and 2040.
Gum disease is more common in persons with chronic illnesses such as diabetes, arthritis, heart disease, and chronic obstructive pulmonary disease. Additionally, many Americans use prescription and over-the-counter medications. These drugs dry out the mouth, which reduces saliva production and raises the risk of dental caries. As a result, there will be more dental clinics across the region to accommodate the growing number of dental patients. As a result, the demand for dental services in the region will increase, aiding the market's expansion.
The US market dominated the North America Dental Services Market by Country in 2022; thereby, achieving a market value of $180,250.8 million by 2029. The Canada market is estimated to grow at a CAGR of 6.3% during (2023 - 2029). Additionally, The Mexico market would showcase a CAGR of 5.4% during (2023 - 2029).
Based on End-use, the market is segmented into Dental Clinics and Hospitals. Based on Type, the market is segmented into Dental Implants, Orthodontics, Periodontics, Endodontics, Cosmetic Dentistry, Laser Dentistry, Dentures, Oral & Maxillofacial Surgery and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Dental Services Market is Projected to reach USD 591.7 Billion by 2029, at a CAGR of 5%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The British United Provident Association Limited, Pacific Dental Services, Aspen Dental Management, Inc. (The Aspen Group), Gentle Dental of New England, Abano Healthcare Group Limited, Coast Dental, Mydentist, InterDent, Inc., Dental Service Group, Axis Dental.
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