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With 7.4% CAGR, Dental Market Size worth USD 63.93 Billion by 2029

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Pune, India, Aug. 02, 2022 (GLOBE NEWSWIRE) — The global dental market size was valued at USD 36.32 billion in 2021. The market is expected to grow from USD 38.84 billion in 2022 to USD 63.93 billion by 2029, exhibiting a CAGR of 7.4% during the forecast period. Rising awareness regarding periodontics and endodontics treatment and increasing invisible orthodontics trends is expected to fuel market growth. Fortune Business Insights™ presents this information in its report titled “Dental Market, 2022-2029.”

This market encompasses equipment and consumables that treat, prevent, diagnose cavities, malocclusion, periodontitis, and gum disorders. The rising awareness regarding the benefits of periodontics and endodontics is expected to boost service adoption. Furthermore, the rising trends of invisible orthodontics and the increasing prevalence of tooth decay are expected to boost the adoption of the procedures. These factors may facilitate market development during the upcoming years.

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Report Scope & Segmentation

Report Coverage Details
Forecast Period 2022 to 2029
Forecast Period 2019 to 2026 CAGR 7.4%
2026 Value Projection USD 63.93 Billion
Base Year 2021
Market Size in 2021 USD 36.32 Billion
Historical Data for 2018 to 2020
No. of Pages 195
Key Players 3M (U.S.), Institut Straumann AG (Switzerland), Henry Schein, Inc. (U.S.), Angelalign Technology Inc. (China), SHOFU INC. (Japan), PLANMECA OY (Finland), J. MORITA CORP. (Japan)
Growth Drivers Incorporation of Artificial Intelligence and Machine Learning to Boost Market Growth
Lower Patient Volume to Impede Market Progress
Rapid Announcement of Novel Products to Foster Industry Growth in North America

Drivers and Restraints

Incorporation of Artificial Intelligence and Machine Learning to Boost Market Growth

The rising technological advancements in medical products are expected to boost the healthcare service’s adoption. The incorporation of artificial intelligence (AI) and machine learning (ML) is expected to boost the adoption of the service. Furthermore, incorporating robotics engineering in the service may enhance their ability to diagnose oral issues. Moreover, the robust demand for minimally invasive surgeries may bolster the demand for the service. Also, the rising demand for an implant is expected to elevate industry development. For example, Neocis, Inc. declared that its Yomi surgical robotic system finished over 1,000 implantation procedures by 2019. The system provided excellent precision and enhanced diagnosis procedures. These factors may drive the dental market growth.

However, inadequate reimbursement policies and substantial costs for the services may hinder industry progress.

Industry Development

  • December 2021: 3Shape A/S partnered with Dentsply Sirona to connect with Dentsply Sirona Connect Case Center. This development may enable the company to receive intraoral scans from Omnicam and Primescan scanners.

Click here to get the short-term and long-term impact of COVID-19 on this market.

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Segmentation

By type, the market is segmented into dental consumables and equipment. As per end-user, it is classified into solo practices, DSO/ group practices, and others. Geographically, it is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

COVID-19 Impact:

Lower Patient Volume to Impede Market Progress

This market is expected to be negatively affected during the COVID-19 pandemic because of lower patient volume. The sudden spike in COVID cases led to the lack of equipment, and hospital admissions, thereby hindering the market’s progress. Furthermore, the halt on manufacturing may result in a lack of medical equipment, thereby creating supply chain disruptions. However, the adoption of reduced capacities, part-time shifts, and automated production techniques may enable players to recover costs. This factor may propel the market growth during the pandemic.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

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Regional Insights

Rapid Announcement of Novel Products to Foster Industry Growth in North America

North America is expected to dominate the dental market share because of the rapid announcement of novel products. The market in North America stood at USD 15.43 billion in 2021 and is expected to spike rapidly during the upcoming years. Furthermore, the strong presence of key players and the rising in-patient visits may facilitate industry growth.

In Europe, an increasing number of adults opting for orthodontic treatment may enhance the adoption of the service. Further, rising medical expenditures may enhance the adoption of the services.

In Asia Pacific, the rising adoption of implants and orthodontics may enhance the demand for the procedure. Furthermore, the rising awareness of oral health is expected to boost market development.

Competitive Landscape

Companies Engage in Partnerships to Boost Market Presence

Prominent companies operating in the market engage in partnerships to acquire resources and boost market presence. For example, Carestream Dental LLC partnered with 3DMouthguard in November 2021. This partnership may enable the company to provide consumers with 3D-printed mouthguards. This strategy may enable the company to enhance its brand presence globally. Furthermore, adopting research and development, partnerships, acquisitions, mergers, and expansion strategies may help companies achieve a remarkable market position globally.

Dental Market Segmentations:

Segmentation By Type

  • Dental Consumables
  • Dental Equipment
By End-user

  • Solo Practices
  • DSO/ Group Practices
  • Others
By Geography

  • North America
    • U.S. (By Type)
    • Canada (By Type)
  • Europe
    • Germany (By Type)
    • France (By Type)
    • U.K. (By Type)
    • Italy (By Type)
    • Russia (By Type)
    • Nordiac (By Type)
    • Rest of Europe (By Type)
  • Asia Pacific
    • China (By Type)
    • Japan (By Type)
    • South Korea (By Type)
    • Southeast Asia (By Type)
    • India (By Type)
    • Australia (By Type)
    • Rest of Asia Pacific (By Type)
  • Latin America
    • Brazil (By Type)
    • Mexico (By Type)
    • Rest of Latin America (By Type)
  • Middle East & Africa
    • South Africa (By Type)
    • GCC (By Type)
    • Rest of Middle East & Africa (By Type)

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List of Key Players Profiled in the Dental Market Report

  • 3M (U.S.)
  • Institut Straumann AG (Switzerland)
  • Henry Schein, Inc. (U.S.)
  • Angelalign Technology Inc. (China)
  • SHOFU INC. (Japan)
  • PLANMECA OY (Finland)
  • J. MORITA CORP. (Japan)

Table of Content

  • Introduction
    • Market Scope
    • Market Segmentation
    • Market Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Number of Dentists – Key Countries
    • Estimated Number of Orthodontists – Key Countries
    • Key Mergers, Acquisitions and Partnerships
    • Impact of COVID-19 on the Dental Market
  • Global Dental Market Analysis, Insights and Forecast, 2018-2029
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Type
      •  Dental Consumables
      •  Dental Equipment
    • Market Analysis, Insights and Forecast – By End-user
      •  Solo Practices
      •  DSO/ Group Practices
      •  Others
    • Market Analysis, Insights and Forecast – By Region
      •  North America
      •  Europe
      •  Asia Pacific
      •  Latin America
      •  Middle East & Africa

ToC Continue…!

Frequently Asked Questions

How fast is the dental industry growing?

The market size of the Dentists industry in the world will grow 7.4% CAGR between 2022-2029.

What are Key Factors Raising the Market?

The rising prevalence of disorders related to teeth, expansion of dentists per population, rising demand for aesthetic dentistry, and the growing acquisitions and mergers of major players are the key factors driving the market growth.

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About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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Email: [email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Invoca Wins CX Today Award for Best Conversational Intelligence Solution of 2024; Launches European Data Centre and Adds UK Sales Leader

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CX Today recognises Invoca as the foremost visionary in the Conversational Intelligence category. Additionally, expands its European presence with a new Data Centre and the appointment of Duncan MacPherson as UK Director of Sales.
LONDON, March 28, 2024 /PRNewswire/ — Invoca, the leading revenue execution platform for revenue teams, has won the CX Today Award for ‘Best Conversational Intelligence Solution’ of 2024. CX Today, the leading international news publication honouring excellence in CX technology, hosted the CX Awards to honour excellence in CX leadership, technology innovation, and industry success.

“Invoca’s exceptional work in conversational intelligence has helped push the category forward, and we are thrilled to see their accomplishments acknowledged at CX Awards 2024,” said Charlie Mitchell, Senior Editor at CX Today and host of the awards.
The award recognises Invoca’s strength in empowering revenue teams across marketing, contact centre sales, and customer experience to enhance buying experiences, increase high-value leads, and boost revenue. For businesses that acquire customers over the phone, Invoca enables these digital marketing and contact centre teams to collaborate to drive revenue growth. Invoca stands out for capturing deep insights from consumer calls and digital interactions and ingesting revenue driven by calls and other metadata from CRM and contact centre solutions, making Invoca the source of truth for consumer engagements.
“We’re thrilled to be named the Best Conversational Intelligence Solution of 2024 by CX Today as we highlight our longstanding vision to help brands acquire customers and grow their revenue,” said Gregg Johnson, CEO of Invoca. “As AI pioneers in this space, having first introduced our broad base of patented AI technologies in 2015, artificial intelligence and machine learning are core to helping companies improve the customer experience and connect the buyer journey.”
The CX Awards’ judging panel, including Dan Miller, Lead Analyst at Opus Research, reviewed hundreds of applications for their organisation’s ability to improve overall customer experience through innovation and high-impact features.
“Invoca continues to demonstrate that they are a clear leader in conversational intelligence AI. We recognised Invoca for their ability to employ a sophisticated blend of AI technologies — including patented machine learning, generative AI, voice biometrics, and deep learning neural networks, to drive revenue,” said Dan Miller, CX Awards judge and Lead Analyst at Opus Research.
Invoca Launches New European Platform and Data Centre Amid U.K. Sales Leadership Expansion
Invoca continues to reinforce its commitment to maintaining data excellence with unwavering reliability and strict adherence to security standards. Protecting customer data privacy remains a top priority, particularly given the heightened concerns surrounding security and privacy. Invoca’s new European platform and localised data centres support its growing customer base by ensuring all customers can adhere to the highest level of enterprise-grade data privacy, and GDPR compliance standards. Invoca’s powerful EU-based infrastructure enables its customers to recreate the same Invoca experience using the full feature suite while maintaining the highest standards of quality.
Invoca has also welcomed Duncan MacPherson as UK Director of Sales. MacPherson brings extensive experience with large companies and start-ups selling customer engagement solutions. This is part of an overall expansion in the UK market, which includes hiring a localised sales and customer success team, sales development, and marketing support.
More Information:
See the results you can get with Invoca’s award-winning conversation intelligence: https://www.invoca.com/customersInvoca’s GDPR Compliance: Everything You Need to Know: https://www.invoca.com/blog/invocas-gdpr-compliance-everything-you-need-to-knowWatch the CX Today Awards winners revealed on demand: www.cxtoday.com/cxawardsJoin Invoca’s talented team today: https://www.invoca.com/company/careersAbout InvocaInvoca is a revenue execution platform that connects marketing and sales teams to help them track and optimise the buying journey to drive more revenue. By using a comprehensive revenue execution platform with deep integrations with leading technology platforms, revenue teams can better connect their paid media investments directly to revenue, improve digital engagement, and deliver the best buyer experiences to drive more sales. With Invoca, top consumer brands, including AutoNation, DIRECTV, Mayo Clinic, Mutual of Omaha, and Verizon, experience unbelievable results powered by undeniable data. Invoca has raised $184M from leading venture capitalists, including Upfront Ventures, Accel, Silver Lake Waterman, H.I.G. Growth Partners, and Salesforce Ventures. For more information, visit www.invoca.com.
About CX AwardsHosted by CX Today, the awards ceremony has become the beacon of recognition for companies and professionals pushing the envelope in the CX technology sphere.
The CX Awards 2024 is here for its fourth year and is bigger and better than ever before! Winners of the 2023 awards included Vonage, Calabrio, and UJET and more. Then, the ceremony included exclusive streams from our people winners, Jay Patel from Webex and Kimberley Wood from Ultimate. Yet, this year’s event featured many more CX leaders who shared their unique takes on the space.
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ASC Achieves Certification for Webex Calling

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ASC announces compliance recording and AI-driven analytics tool for Webex Calling
HÖSBACH, Germany, March 28, 2024 /PRNewswire/ — ASC Technologies, a leading provider of comprehensive recording and analytics tools, announces its successful certification for Webex Calling with Webex by Cisco, a leading provider of collaboration technologies powering hybrid work and customer experience. This certification distinguishes ASC as one of the few global vendors who are authorized to provide record capabilities for Webex Calling communications. This capability is essential for organizations in regulated industries that must adhere to strict compliance standards.

A key benefit of the ASC solution is the simple and fast configuration in the Webex Control Hub, which ensures a high level of user-friendliness. In addition, ASC enables the migration of on-premise solutions to the cloud by seamlessly transferring recordings to the cloud environment. This step enables organizations to accelerate their digital transformation and take advantage of cloud-based services. In addition, AI-driven analytics, powered by ASC’s solutions, help organizations gain a comprehensive view of their communications, enrich customer relationships, and streamline compliance and risk management processes.
“As a stable company that has been established in the market for 60 years, we see the certification for Webex Calling not only as a confirmation of our technological expertise, but also as a promise to our customers and partners,” says Dr. Gerald Kromer, CEO of ASC. “We are committed to providing innovative and reliable solutions that meet the demands of today’s communications technologies while ensuring our customers’ compliance requirements.”
This certification is a further milestone in ASC’s successful partnership with Cisco, which has already existed for 20 years. ASC will be exhibiting at Enterprise Connect in Gaylord Palms, and Cisco Live in Las Vegas, showcasing its innovative recording and analytics solutions and demonstrating the results of its collaboration with Cisco. These events offer a glimpse into how ASC’s solutions drive efficiency and insight.
About ASC
ASC is a worldwide leading provider of software and cloud solutions in the field of omni-channel recording, quality management, and analytics. Among our target groups are all companies that record their communications, especially financial service providers, contact centers, and public safety organizations. We offer solutions for recording as well as AI-based analysis and evaluation of all communications – with full flexibility as a cloud service, on-premise or as a hybrid solution. Headquartered in Germany with subsidiaries in 14 countries and experienced system integration partners in over 60 countries, ASC is the #1 Europe-based player in its industry.
About Webex by Cisco
Webex is a leading provider of cloud-based collaboration solutions which includes video meetings, calling, messaging, events, customer experience solutions like contact center and purpose-built collaboration devices. At Webex, we start with people and their experiences first. This focus on delivering inclusive collaboration experiences fuels our innovation, which leverages AI and Machine Learning, to remove the barriers of geography, language, personality, and familiarity with technology. Our solutions are underpinned with security and privacy by design. We work with the world’s leading business and productivity apps – delivered through a single application and interface. Learn more at webex.com.
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WSPN and MathWallet Jointly Launch StableWallet, Pioneering AA Wallet for Web3

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TORTOLA, British Virgin Islands, March 28, 2024 /PRNewswire/ — WSPN, a global digital payments leader providing transparent, fast, and efficient solutions leveraging distributed ledger technology, has partnered with leading Web3 wallet provider MathWallet to launch StableWallet – a groundbreaking new account abstraction (AA) wallet that represents a major advancement in the Web3 space. StableWallet provides enhanced security, convenience, and flexibility for managing digital assets across multiple blockchains.

“Through our partnership with MathWallet, we are proud to introduce StableWallet, leveraging pioneering AA technology to transform digital asset management,” said Raymond Yuan, Founder of WSPN. “StableWallet exemplifies our commitment to driving innovation in digital payments and the Web3 ecosystem.”
Account abstraction (AA) wallets represent a significant leap forward in the Web3 ecosystem, blurring the lines between traditional private key wallets and smart contract-based accounts. By integrating both functionalities, AA wallets enable users to define their wallets through programmable smart contracts, unlocking a realm of advanced features and customization options.
Leveraging the transformative power of Account Abstraction, StableWallet stands at the forefront of security innovation, offering unmatched protection through advanced programmable recovery mechanisms and robust multi-signature controls. Seamlessly blending security with convenience, StableWallet ensures a user-centric experience by automating gas fees, simplifying transactions, and providing limitless customization possibilities through deep integration of programmable smart contracts.
Beyond its pioneering security measures, StableWallet serves as a pivotal link between the Ethereum and Polygon ecosystems, facilitating effortless asset management across diverse chains through a unified cross-chain interface. At its debut, StableWallet boasts essential features such as native support for Ethereum and Polygon networks, flexibility in fee token options with WUSD and USDT, and the capacity for multi-chain crypto smart contract wallet functionalities.
“We are thrilled to partner with WSPN and jointly unveil StableWallet’s powerful capabilities,” said Eric, CTO of MathWallet. “By combining cutting-edge account abstraction technology with robust security features and cross-chain compatibility, StableWallet empowers users to explore the decentralized realm with unparalleled confidence.”
Looking ahead, StableWallet has an ambitious roadmap to roll out new capabilities that will further elevate the user experience. Upcoming features include daily free transfers, batch transactions with one-click execution, enterprise multi-signature smart wallets, and integration with collaboration platforms, etc. These additions, among others, will continuously expand StableWallet’s functionality to meet evolving user needs in the Web3 space.
Whether for a seasoned cryptocurrency enthusiast or a beginner to the blockchain world, StableWallet offers a powerful tool to revolutionize user experience of digital asset management. Stay tuned for upcoming feature releases and network expansions as WSPN and MathWallet continue to push the boundaries of Web3 technology.
About WSPN
WSPN is a global digital payments company that provides transparent, fast, and efficient digital payment solutions leveraging the latest technological advancements of Distributed Ledger Technology (“DLT”). We are dedicated to shaping seamless digital payment solutions for our global partners worldwide at the frontier of future digital payments and financial inclusion.
Worldwide USD (‘WUSD’), WSPN’s flagship USD stablecoin, is a fiat-collateralized stablecoin that is pegged to the U.S. Dollar at a 1:1 ratio. Dedicated to optimizing payment solutions for web3 users, WUSD empowers the real economy through secure, transparent, and licensed digital payments, spanning stablecoins, exchanges and cards, all geared for global expansion.
Learn more: www.wspn.io  | Twitter | LinkedIn 
About MathWallet
MathWallet is the Multichain Wallet for Web3 that enables token storage of over 150 chains including BTC, ETH, Polkadot, Cosmos, Filecoin, Solana, BNBChain, etc, supports cross-chain token bridges and multi-chain dApp store. Our investors include Fenbushi Capital, Binance Labs, Fundamental Labs, Multicoin Capital, NGC Ventures, Amber Group, 6Eagle Capital.
Visit mathwallet.org for more information.
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