A Market on the Move: Exploring Investment Opportunities in Dental Industry Size in Asia Pacific

The dental industry size in Asia Pacific market the region is expected to have a market size of US$ 18,235.6 million by 2034, indicating a steady growth trajectory. This means that starting in 2024, the Compound Annual Growth Rate (CAGR) will be 5.2%.

Driven by several key factors:

Aging Population and Dental Concerns: The rapidly growing aging population in Asia Pacific is a significant driver. As people live longer, the risk of dental problems like cavities and oral diseases increases, creating a greater demand for dental services.
Lifestyle Choices and Oral Health: Lifestyle choices such as smoking and excessive alcohol consumption are prevalent in some parts of Asia Pacific, further contributing to oral health issues. This fuels the need for preventive and restorative dental care.
Growing Awareness and Accessibility: Heightened awareness of the importance of oral hygiene and improved access to dental care across the region are encouraging more people to prioritize their dental health and seek treatment.
Technological Advancements: Advancements in dental technology are revolutionizing the industry. A wider range of dental equipment and treatment options are becoming available, offering more effective and comfortable solutions for patients.
The Rise of Cosmetic Dentistry: Cosmetic dentistry is gaining traction in Asia Pacific, with a growing number of individuals opting for procedures to enhance their smiles. This trend is expected to further propel market growth.
Stress-Related Dental Issues: Stress-related habits, such as teeth grinding and temporomandibular joint disorders, are contributing to the need for dental intervention. Additionally, medical conditions like diabetes can exacerbate dental problems, requiring more frequent dental care.
Limited Preventive Care: Despite progress in preventive dentistry, there are still disparities in access to regular dental check-ups across the region. This results in a high number of untreated dental issues, necessitating future treatment.

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Key Takeaways from Market Study

Consumables as products are expected to hold around 6% market share by the end of 2022, and the segment is expected to display growth at a CAGR of 9.4% over the forecast period owing to the rise in the prevalence of oral diseases.
Treatment as an application segment within the market is projected to hold the largest market share value of 1% in 2022 owing to the rise in oral surgeries.
Dental clinics are estimated to account for the largest market value share of about 7% by the end-user segment in 2022. Dental clinics have the maximum adoption of dental consumables like implants, prosthetics, braces, crowns, dental impression materials, and many more.
South Asia is slated to be the largest leading region with an expected value share of 4% in 2032, owing to the large patient pool with oral diseases, and an increase in dental procedures in the region

“Growing Prevalence of Oral Diseases, Combined with Rising Demand for Dental Care, are factors set to boost the Sales of Asia Pacific Dental Market,” says an analyst of Future Market Insights.

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Market Competition

The key players are determined to develop dental products that are easy to handle and most convenient for the patient. To obtain this approach, market players have displayed several developments and product launches to provide a comprehensive range of products encompassing minimally invasive and technologically advanced dental products.

In May 2022, Amann Girrbach extended its integrated digital workflow for dentists with the direct restoration solutions (DRS) product line, making it simple for practices and laboratories to easily enter into full digitalization.
On February 25, 2022, Dentsply Sirona unveiled its most recent initiatives to strengthen its leadership in digital dentistry, including a promising partnership with Google Cloud and the introduction of a 3D printing product that is suitable for use in medical settings.

Key Companies Profiled