The teledentistry market size in 2021 stood at US$ 1.04 billion and is projected to reach US$ 5.51 billion by 2031 from US$ XX billion in 2023. The market is expected to register a CAGR of 17.4% in 2023–2031. Increasing acceptance of mobile health is likely to remain key teledentistry market trends.
The growth of the global teledentistry market is a direct result of the benefits it brings to the dentistry industry, such as the growing popularity of digital health solutions, advancements in communication and imaging technology, and the convenience it provides to both dental professionals and patients. Major market players are investing in strategic activities including acquisitions, mergers, collaborations, and software launches to maintain a competitive edge, resulting in market growth.
The teledentistry makes oral healthcare more accessible, especially in developing countries and during emergencies. Teledentistry, with the use of telecommunications technology, enable global access to patients and dentists by eliminating regional barriers. The growing senior population, as well as their increased acceptance of teledentistry technologies due to their convenience and cost-effectiveness, are predicted to drive industry expansion during the forecast period. The COVID-19 pandemic has had a positive significant economic impact on the teledentistry business due to the increase in the demand for virtual healthcare services.
Teledentistry is a relatively new practice for the dentists and aims to provide patients with a broad range of solutions that are received from a distance. With the COVID-19 pandemic, the use of teledentistry is anticipated to witness a steady increase over the coming years in order to navigate the pandemic as well as to resume routine care. According to a report published by DentaQuest Partnership for Oral Care Advancement in November 2020, approximately 23% of dental services providers in the US have begun to see patients via teledentistry virtual platforms. Moreover, the survey also suggests that 11% of the providers that are not currently using the technology have plans to use it in the near future.
Artificial intelligence and machine learning are essential components of teledentistry. They provide personalized care plans, predictive diagnoses, and even help with treatment planning with unparalleled precision. Virtual consultations are becoming more advanced, with real-time diagnostics and interactive sessions on par with in-person consultations and visits.
Key segments that contributed to the derivation of the teledentistry market analysis are component, delivery mode, and end user.
The geographic scope of the teledentistry market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the teledentistry market. In North America, economic prosperity, population growth and aging population, along with increased attention to oral health and improved insurance coverage (specifically in the US) are key factors driving a moderate, but steady growth in overall dental expenditures. Teledentistry is improving the health of Americans while saving money because care and education can be delivered more quickly and efficiently.
The regional trends and factors influencing the Teledentistry Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Teledentistry Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Billion |
Market Size by 2031 | US$ 5.51 Billion |
Global CAGR (2023 - 2031) | 17.4% |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Teledentistry Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Teledentistry Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The teledentistry market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for teledentistry: