24 February 2022

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Dental services market to approach $700 billion by 2026

Katherine E. Pfaff

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The global market for dental services is on the rise, according to Reportlinker.com, market research company. In a report on the sector, the 2021 value was $427.21 billion. In just a year, the market had increased to $475.35 billion in 2022, marking a CAGR of 11.3% during that time. The increase is expected as companies begin to right themselves following the impact of the pandemic. 

Going forward, the dental services market is forecast to grow by a CAGR of 9.9% to $693.25 billion by 2026. Growth in the market is predicted based on the growing number of dental diseases seen worldwide, self-referral for care as patients do their own research of treatments, and as interest in seeking procedures increases. Dental services covered in the report include oral surgery, genera dentistry, prosthodontics, and orthodontics. 

Potentially slowing growth across the market are the pressure of pricing dental procedures and care, which may be capped by some insurance or legislation. This in conjunction with the cost of waste disposal, the expectation of a certain level of technological advancement and the cost of devices may hinder growth. 

Within the dental services market, the trend toward DSOs has changed the landscape of many practices. With the support of business management through DSOs, some practices are expanding their service offerings to include oral maxillofacial surgery and orthodontics, keeping that care in-house rather than referring out to specialty facility as in the past, according to the report.

Source:  https://www.globenewswire.com/news-release/2022/02/11/2383470/0/en/Dental-Services-Global-Market-Report-2022.html