Global dental market to grow by over 13% by 2020
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- Published: Monday, 07 November 2016 07:47
- Written by News Editor
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The market research store, Research and Markets, has announced that the global dental services market is set to grow 13.81% by 2020. A key trend which is boosting market growth is the collaboration with leading insurance providers. The dental services market is heading toward easing the expenses for individuals and reducing their out-of-pocket expenditures.
According to the report, a key growth driver is the upcoming laser dentistry and painless treatment. The traditional dental services are overpowered by advanced dental care services, such as cosmetic dentistry and laser dentistry. The popularity of laser technology in dentistry is booming among patients as well as the oral care specialists. This painless technology has gained popularity with increasing demand for laser dentistry for extraction of tooth, orthodontics, and periodontal decay. The advancement in technology and better dental services, such as painless tooth extraction and tooth whitening are the primary drivers for the dental services market.
Further, the report states that a major challenge that could hamper market growth is the high costs of dental services. Dentistry is one of the expensive medical field based on the requirement of expensive and high-quality products, such as crowns and dentures. It is recommended by the oral practitioners to maintain proper oral hygiene. There are certain groups of the population who are unable to afford best of the dental services due to the high-cost factor of consultation and procedures. Therefore, they stick to the conventional remedies to treat dental problems.
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