The dental industry across the Asia Pacific region is experiencing robust growth, with a market size reaching USD 10,518.7 million in 2023. According to recent market forecasts, the industry is anticipated to rise at a compound annual growth rate (CAGR) of 5.2% over the next decade. By 2024, the market is expected to achieve a valuation of USD 11,139.8 million, and it is projected to further expand to USD 18,235.6 million by 2034.
The remarkable growth of the dentistry sector in the Asia Pacific region can be attributed to the increasing demand for dental care. Growing awareness of the value of dental care and oral health is expected to drive demand for dental services and treatments, which will support market expansion.
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The increasing demand for cosmetic dentistry procedures, technological improvements, and growing awareness of dental health are the main drivers of the dental industry’s consistent expansion in the Asia Pacific area. It is anticipated that these patterns would persist, leading to a notable growth in the market in the upcoming years.
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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