The global cosmetic dentistry market size was valued at USD 29.1 billion in 2021. The market is projected to grow from USD 29.1 billion in 2021 to USD 59.6 billion by 2028, exhibiting a CAGR of 12.70% during the forecast period.
Cosmetic dentistry is a work that primarily enhances the look of teeth, gums, and bites. The focus of cosmetic dentistry is on improving the entire appearance of the teeth, including their size, alignment, color, shape, location, and smile. The rise in the older population, which is more susceptible to teeth-related issues, and the incidence of dental illnesses such as periodontal diseases, gum disease, tooth decay, dental cracks, and cavities further raise demand for cosmetic dentistry to improve aesthetic appeal. In addition, the availability of CAD/CAM systems, which heavily utilize 3D technology to improve the design and creation of dental restorations, further contribute to the growth of the cosmetic dentistry market. Additionally, the market is growing due to increased demand for cosmetic dentistry brought on by high disposable income and a focus on personal aesthetics.
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The COVID 19 pathogen outbreak, which began in 2020, has been widely reported in 150 nations worldwide. It was deemed to be a pandemic by the World Health Organization. Lockdowns all around the world have disrupted supply chains and local marketplaces, which has had a severe impact on the world economy. Such pandemics frequently cause economic stagnation and recession. This has an impact on how much is spent on aesthetic procedures in areas that are seriously affected. In addition, the American Dental Association reports that about 5% of dental offices are open despite having low patient volumes, 19% are fully closed, and approximately 76% of dental offices are only available for emergency cases. Consequently, a short-term decline in procedure volume is anticipated to restrain market growth until early 2021.
Demand is Being Driven by Minimally Invasive and 3D Dentistry Adoption
In cosmetic dentistry, three-dimensional (3D) printing is a relatively new manufacturing method. 3D printing uses a computer program to build up an object layer by layer using materials like milled plastic or stainless steel powder. Applications for 3D printing include patient and professional customization of 3D-printed teeth, dentures, and other instruments. With the help of this technology, individual teeth can also be produced by scanning their size and shape and then printing a replica out of various materials. Additionally, there is a growing tendency toward using robotics and artificial intelligence in dentistry. The availability of robots for less invasive dental procedures such as tooth extraction, cavity filling, cap application, and teeth cleaning will further propel the market for aesthetic dentistry in the future.
Cosmetic Dentistry Receives Insufficient Compensation, which Limits the Market
Compensation for dental cosmetic operations is difficult to come by because cosmetic procedures are highly pricey and are not seen as necessary by insurance companies or governmental organizations. Huge investments are needed for technologically advanced equipment, and a demand for dental imaging tools and other advanced devices. Insurance firms cannot protect these substantial investments, thereby impeding the development of this industry. As a result, individuals are required to cover a sizable amount of the cost of cosmetic treatments out of their own pockets. Dental treatment depends on the patient's ability to pay due to the restricted reimbursement. This is a significant element that is limiting the market's expansion.
LIST OF KEY COMPANIES PROFILED:
Align Technology, Inc.
Kuraray Co. Ltd.
Straumann Holdings AG
Zimmer Biomet Holdings, Inc.
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