Nov 07, 2019- Million
Insights Market Research has published a new report titled ‘Cosmetic Dentistry Market – Global Industry Analysis, Size, Share,
Growth, and Forecast, 2018–2026.’ Cosmetic Dentistry market report helps
analyze trends and significant developments in the industry.
The global cosmetic dentistry market size was estimated at
USD 15.8 billion in 2015. The growth of the market has been largely attributed by
significant rise in dental esthetics and awareness created about such
procedures. Dental tourism has grown rapidly in the recent years attributing to
large growth of the sector and this has allowed the emergence of new markets to
be developed, in the process creating a strong base for the cosmetic dentistry
products.
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Moreover, with a rising number of population having large
disposable income, affordability of dental procedures has become easier. In
addition, there has been use of the software designing such as CAD/ CAM for
proper and more improved dental restoration and prosthetics. This new
improvement in software has led to the boost in the demand for cosmetic
dentistry products.
The development of minimally invasive procedures for
cosmetic dentistry procedures has allowed patients to opt for such procedures
over invasive procedures. This improvement has led to the boost in the demand
for the cosmetic dentistry products. Furthermore, the extensive use of the
novel techniques as a result of the technological advances in the products have
attributed to the market growth.
Well-educated patients along with awareness regarding the
cosmetic dentistry procedures have attributed to the growth if the market. In
addition, increasing esthetic appeal amongst the population has created a
demand for cosmetic dentistry procedures in large numbers. Moreover, the bad
habits of not cleaning teeth twice a day has led to the increased number of the
plaques and hence increased the demand for cosmetic and dental implants and
procedures.
Lack of reimbursement options and the high cost of dental
imaging are factors that may hinder the growth of the market. Dental imaging
requires expensive instruments which limit its usage due to financial constraints.
Reimbursement options are not provided by insurance companies as cosmetic
dentistry procedures only enhance the esthetic appeal and do not qualify for
vital procedures. Thus, these factors may act as constraints for the market
growth.
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The major segments involving a fair amount of share of the
cosmetic dentistry market are North America, Europe, Asia Pacific, Latin
America, Middle East and Africa. Europe holds the largest share in the market.
This is due to rising number of people opting for cosmetic dental procedures
and the increasing technological advancements.
The Europe region is followed by the North America region in
terms of revenue share in the overall market. The Asia Pacific region is
expected to show a high growth rate in the cosmetic dentistry market as a
result of a large number of the population demanding dental procedures along
with increasing dental tourism.
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