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Artificial Intelligence

Dental Services Market to Reach US$ 656.5 Bn as Smile Enhancement Treatments Grow in Popularity.

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The global dental services market was valued at US$ 326.3 Bn in 2021. According to Fact.MR, the overall sales of dental services are estimated to reach US$ 656.5 Bn in 2032, registering a CAGR of 6.6% during the forecast period (2022-2032).

Growing awareness regarding dental care is projected to increase the demand for dental services in the coming years. Similarly, rise in the number of people opting for dental aesthetics or cosmetic dentistry to improve the symmetry of their teeth will further drive the market.

Subsequently, demand for dental implants among the adult population is surging due to need for oral hygiene, improved speech, and good appearance. According to the American Association of Oral and Maxillofacial Surgeons (AAOMS), nearly 70% of the adults aged between 35 and 44 years have lost at least a single tooth.

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Growing trend of dental tourism in countries such as IndiaMexicoThailandIndonesia, and others is anticipated to create high prospects for sales within the dental services market.

In addition to this, advancements in healthcare infrastructure and increasing research and development activities will influence manufacturers to invest in dental services. This is likely to create prolific growth opportunities for the market.

Also, the number of dental clinics is increasing owing to the demand for cost efficiency, personal attention and upgradation in technology. Such developments in dental clinics is likely to boost the demand for dental services.

Subsequently, the increasing usage of invisible braces for reshaping the alignment of teeth is likely to provide the dental services market with new opportunities.

Report Attributes

Details

Base Year Value (2021A)

US$ 326.3 Bn

Projected Year Value (2032F)

US$ 656.5 Bn

Global Growth Rate (2022-2032)

CAGR 6.6%

Key Takeaways:

  • By end use, the dental clinics segment is anticipated to register growth at a CAGR of 6.2% during the forecast period (2022-2032).
  • Based on service type, the dental implants segment is expected to create absolute dollar opportunity US$ 65.3 Bn by 2032.
  • Dental services revenue is expected to grow nearly 2x from 2022 to 2032, reaching nearly US$ 656.5 Bn by 2032.
  • Asia Pacific dental services market is anticipated to record growth at 7% CAGR until 2032.
  • Dentures segment is expected to register growth at 7.5% CAGR during the assessment period
  • Japan dental services market is projected to witness highest growth at 8% CAGR over the upcoming decade.

Growth Drivers:

  • Growing trend of smile enhancement treatment is attracting a lot of masses. This is likely to boost the sales in the dental services market.
  • Increasing government funding in the dental programs is projected to create bankable prospects for the market.
  • Rising awareness regarding oral care, along with the surging disposable income is likely to contribute to the market growth during the forecast period.

Restraints:

  • High costs of the dental equipment increase the prices of dental services, thereby discouraging people from availing dental services. This is expected to inhibit the growth in the market.

To Gain In-Depth Insights on Dental Services Market, Request Methodology at 
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Competitive Landscape:

Key players are concentrating on improving their manufacturing techniques to expand their business across the healthcare sector. Furthermore, they are also adopting new strategies including acquisitions, collaborations, partnerships, and joint ventures to strengthen their footprint globally. By updating their product line, the companies are trying to gain a competitive edge in the market.

For instance,

  • August 2021: Abano Healthcare Group acquired 84% of 1300Smiles, which is Townsville-based dental roll-up. This acquisition provides Abano healthcare an equity value of US $166 Mn.
  • October 2021: Aspen Dental Management entered into a partnership with SprintRay. According to the deal, SprintRay will have to offer its 3D printing technology to all facilities of Aspen Dental Management present across 45 states in the U.S.

Key Companies Profiled by Fact.MR

  • Aspen Dental Management Inc.
  • National Health Service England
  • InterDent, Inc.
  • Abano Healthcare Group Limited
  • Axis Dental
  • The British United Provident Association Limited
  • Apollo White Dental
  • Dental Service Group
  • Gentle Dental of New England
  • Coast Dental
  • Pacific Dental Service

More Valuable Insights on Dental Services Market

In the latest report, Fact.MR, provides a comprehensive and focused view of the market analysis on the global dental services market. It also covers unbiased analysis for the forecast period of 2022 to 2032. This report also provides insights into the critical factors influencing the growth of the dental services market through detailed segmentation as follows:

By Service Type:

  • Dental Implants
  • Orthodontics
  • Periodontics
  • Endodontics
  • Cosmetic Dentistry
  • Laser Dentistry
  • Dentures
  • Oral & Maxillofacial Surgery
  • Other Types

By End Use:

  • Hospitals
  • Dental Clinics

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

Key Questions Covered in the Dental Services Market Report

  • At what rate will the global dental services market grow during 2022-2032?
  • Which are key factors promoting the growth in the global dental services market?
  • What are the challenges restraining the growth in the dental services market?
  • Which region is expected to dominate the global dental services market?
  • Who are the leading players operating in the dental services market?
  • What is the expected market value of global dental services market during the forecast period?

Explore Fact.MR’s Coverage on the Healthcare Domain

Dental Laboratories MarketGrowing incidence of dental ailments such as dental caries, gingivitis, and others is estimated to increase the demand for dental laboratories across the globe. Besides this, the growing awareness regarding oral fitness is bolstering the market.

Dental Curing Lights MarketIntroduction of innovative cordless curing lights with high quality and long-lasting charging capacity is projected to spur the sales of dental curing lights. In addition to this, the rising demand for light energy to polymerize the adhesive cements, dental adhesives, and resin composites is bolstering the market.

Dental Lasers Market: The dental lasers market is expected to expand owing to the growing prevalence of periodontal diseases such as bleeding gums and untreated dental caries. Besides this, the rising demand for cosmetic dentistry will further augment the sales of dental lasers.

Artificial Intelligence

Computime announces the launch of one of the first true Matter thermostats

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HONG KONG, May 27, 2024 /PRNewswire/ — Computime Group, a leading innovator in manufacturing, branded products and technology solutions, is proud to announce the upcoming launch of one of the first true Matter thermostats. This milestone highlights our commitment to pioneering smart home technology and providing our OEM and ODM customers with state-of-the-art solutions. 

Matter is set to revolutionize the Internet of Things (IoT) landscape as the next-generation standard for connected devices. Developed by the Connectivity Standards Alliance, Matter offers an open, universal protocol that is not bound to any single ecosystem, providing consumers with unparalleled freedom and flexibility. It ensures privacy-sensitive, secure, and reliable local controls without the need for cloud dependency, addressing the growing demand for enhanced privacy and security in smart home devices. 
The key principles driving Matter’s development include simplicity, reliability, interoperability, and security. By ensuring that all Matter-certified devices work seamlessly together, Matter eliminates the complexities often associated with smart home technology. This leads to greater compatibility, easier setup, and more robust user experiences across various device types, including thermostats.
Computime’s Matter thermostat represents a significant advancement in smart home technology, providing our customers with cutting-edge solutions and a short lead time to market, to meet the growing demand for interconnected and efficient home environments. We invite our customers to explore the capabilities of our new thermostat solutions. Computime’s extensive expertise in developing and manufacturing smart home devices ensures that our customers receive high-quality, reliable products with a short lead-time that stand out in the competitive market.
CONTACT: Computime Group, [email protected]

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GVG featured on the 2024 Africa RegTech Horizon-100 list

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MADRID, May 27, 2024 /PRNewswire/ — Global Voice Group (GVG) now features as one of the top 100 Africa-focused innovative RegTech organizations that are set to power Africa to a $1 billion market size by 2025. 

This acknowledgment bears witness to GVG’s compliance monitoring capabilities within the Mobile Money (MM) ecosystem. GVG developed the Mobile Money Monitoring (M3) solution, an intelligent data platform that supports East African regulatory authorities in monitoring the fast-expanding MM market. Through M3, the authorities can ensure the security and integrity of the related financial transactions, as well as transparency and compliance, for enhanced revenue assurance. M3 currently monitors approximately 25% of the financial flows passing through MM platforms in East Africa, verifying over 90 billion USD worth of transactions annually.
Moreover, the platform is also in use in Central and West Africa, in the Republic of Congo and in Ghana. In Congo, M3 has brought the local telecommunications regulator, the ARPCE, 100% visibility and control over all utility payments made via Mobile Money to the government. In Ghana, it has contributed to an average annual growth of 20% in revenue since its deployment. Overall, M3 has captured, verified and analyzed 1 trillion USD in MM transaction value since 2014.
After demonstrating the relevance, effectiveness, and innovation of the M3 solution to the jury, composed of recognized leaders of the Regtech industry, GVG was shortlisted and, following the voting phase, earned a place on the prestigious list. The M3 platform uses machine learning to ensure effective oversight of the MM market, ensure regulatory compliance and detect suspicious transactions. Since its first implementation in 2013, GVG’s M3 solution has provided the relevant regulatory authorities with reliable MM ecosystem metrics to support data-driven decision-making, promote compliance within the market, and reduce fraud and revenue leakage.
Responding to the announcement, James Claude, GVG’s CEO, declared: “It is with a great sense of achievement that I see GVG featuring among the 100 top RegTech providers in Africa. On behalf of the whole company, I sincerely thank Africa RegTech Horizon, as well as our voters, for supporting us in what we do best: providing governments and regulatory authorities with the market insights they need to address the challenges related to the fast-expanding financial ecosystem.”
The Africa RegTech Horizon-100 list is a directory of African RegTech companies and solution providers compiled to showcase the products and services of the latter, as well as assist financial institutions, regulators, and governments in identifying high-performing and trustworthy RegTech providers.
About GVG
Founded in 1998 and present in 11 countries, Global Voice Group is a global provider of ICT and RegTech solutions for governments and regulatory bodies. GVG assists governments and authorities, through Big Data analytics, in their digital transformation and the effective promotion of compliant and truly inclusive digital ecosystems. The company monitors, collects and analyses data from crucial economic sectors and turns it into actionable information. We promote data-driven decision-making.
Discover GVG’s website: www.globalvoicegroup.com
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Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
Photo – https://mma.prnewswire.com/media/2421983/image.jpg
Photo – https://mma.prnewswire.com/media/2421640/Live4Well.jpg
Logo – https://mma.prnewswire.com/media/2421641/4725441/Live4Well.jpg
 
 

View original content:https://www.prnewswire.co.uk/news-releases/unlock-an-exclusive-olympic-experience-celebrating-live4wells-sold-out-genesis-nft-302155644.html

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