The dental industry in the Asia Pacific region is expanding significantly as a result of an increase in the demand for dental treatments. A recent analysis states that the market was valued at US$ 10,518.7 million in 2023 and is expected to grow at a promising CAGR of 5.2% to reach a whopping US$ 18,235.6 million by 2034.
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There are multiple significant reasons for this outstanding expansion:
Economic prosperity: People in the Asia Pacific region are able to prioritize dental treatment due to rising levels of disposable money. People are more willing to invest in preventive and restorative dental operations as their financial means increase.
Growing awareness: There has been a steady rise in the general public’s understanding of the value of oral health. There is an increasing need for routine dental examinations and treatments as a result of knowledge about the connection between oral health and general wellbeing.
Population aging: The area’s fast expanding senior population offers the dental sector a sizable opportunity. People need more dental care as they become older in order to keep their teeth in good condition.
Key Takeaways:
- The Asia Pacific dental industry reached a valuation of US$10.5 billion in 2023 and is projected to reach US$18.2 billion by 2034, reflecting a steady CAGR of 5.2%.
- Rising disposable income, increasing awareness of oral health, and growing geriatric population are key drivers of market growth.
- Expanding dental insurance coverage and a flourishing medical tourism industry are expected to further propel the market forward.
Competitive Landscape:
Product launch is set to be a powerful promotional strategy for leading companies, offering a multifaceted approach to showcasing its commitment to innovation, patient care, and scientific advancement.
To fulfill end-user demand, key companies invest in research & development to produce new products and increase their manufacturing capacity. To expand their presence, leading players are directed toward implementing growth strategies such as collaborations, acquisitions, mergers, and facility expansions.
For instance
- In April 2023, ZimVie Inc. introduced two new products to its biomaterials portfolio. One of the products is named RegenerOss® CC allograft particulate. It is a natural amalgamation of cortical and cancellous bone particles.
- In May 2023, Philips, a global leader in health technology, announced the launch of the Philips CT 3500, a new high-throughput CT system targeting the needs of routine radiology and high-volume screening programs.
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Key Companies Profiled:
- 3M Company
- Dentsply Sirona
- ZimVie Inc.
- Koninklijke Philips N.V.
- Ultradent Products Inc.
- STRAUMANN GROUP
- Ivoclar Vivadent AG
- Kerr Corporation
- Colgate-Palmolive Company
- Procter & Gamble
- PLANMECA OY
- Septodont Holding
- BIOLASE, Inc.
- Henry Schein, Inc.
- Höganäs AB
- Stratasys Ltd.
Asia Pacific Dental Industry Segmentation by Category:
By Product:
- Equipment
- Dental Radiology Equipment
- Extra Oral Radiology Equipment
- Intra Oral Radiology Equipment
- Cone Beam Computed Tomography (CBCT)
- Dental Lasers
- Soft Tissue Laser
- Gas Lasers
- Diode Laser
- All Tissue Laser
- Soft Tissue Laser
- Dental System
- Dental Chairs
- Hand Pieces
- Light Cure Equipment
- Scaling Units
- CAD/CAM Systems
- Dental Instruments
- Air Polishing Devices
- Dental Scaler
- Dental Burs
- Dental Radiology Equipment
- Consumables
- Orthodontics
- Dental Braces
- Molar Bands
- Wires
- Retainers
- Other Orthodontics
- Endodontics
- Permanent Sealers
- Files
- Obturation Devices
- Other Endodontics
- Hygiene Maintenance Products
- Sterilizers
- Air Purification & Filters
- Hypodermic Needle Incinerator
- Whitening
- Crowns & Bridges
- Implants
- Prosthetics
- Sealants
- Other Consumable
- Orthodontics
By Application:
- Diagnostics
- Surgical
- Treatment
By End-user:
- Hospitals
- Dental Support Organizations (DSO)
- Dental Clinics
- Dental Laboratories
By Country:
- China
- Japan
- South Korea
- India
- Philippines
- Malaysia
- Thailand
- Indonesia
- Singapore
- Rest of South Asia
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