Global Teledentistry Market To Reach $3.35B by 2027

The global teledentistry market is on a rapid ascent, according to The Business Research Company’s Teledentistry Global Market Report 2023. This thriving market is set to expand from $1.51 billion in 2022 to an estimated $1.78 billion in 2023, with an impressive compound annual growth rate (CAGR) of 17.6%. The robust trajectory is projected to culminate in a market size of $3.35 billion by 2027, underpinned by a forecasted CAGR of 17.1%. The driving force behind this substantial growth is the escalating burden of oral diseases worldwide.

Addressing the Global Oral Disease Crisis

Oral diseases, encompassing conditions like dental caries, periodontal disease, and oral cancer, exert a substantial health and economic toll globally. The World Health Organization (WHO) estimates that nearly 2.5 billion people worldwide suffer from various oral diseases. This staggering burden translates into annual direct costs of approximately US$ 387 billion and indirect costs of an additional US$ 323 billion. Notably, dental caries remains the most prevalent untreated condition globally, impacting a staggering 1 billion people.

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Teledentistry emerges as a pivotal solution to combat this oral disease burden, significantly enhancing oral health outcomes, says the report. Teledentistry facilitates remote consultation, monitoring, education, and training, providing accessible and cost-effective dental care.

The teledentistry market exhibits concentration, with key players dominating the landscape. In 2022, the top ten competitors collectively accounted for 47.92% of the market. SmileDirectClub led the way with a 17.32% market share, closely followed by Koninklijke Philips N.V. at 14.14%. Other notable players include Align Technology, Inc., Patterson Companies Inc., The TeleDentists, Dentulu Inc., Toothpic, Medvivo, Sesame Inc., and Virtudent, Inc.

Innovative teledentistry companies are incorporating artificial intelligence (AI) into their offerings to assist dentists in crafting personalized treatment plans for patients. For instance, SmileDirectClub introduced SmileOS™ in November 2021, a telehealth platform powered by AI that optimizes precise tooth movements for a straighter smile.

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Multifaceted Market

The global teledentistry market is segmented across several dimensions, including components (hardware, software, and services), delivery modes (on-premise and cloud-based), applications (tele-consultation, remote patient monitoring, education, and training), and end-users (providers, patients, and others). Within these segments, the software and services category stands out, projected to generate $1,359.2 million in global annual sales by 2027.

In 2022, North America emerged as the largest region in the teledentistry market, accounting for 39.1% of the total market share. Asia-Pacific followed closely, with other regions also making their mark. Looking ahead, the Middle East and Asia-Pacific are expected to experience the fastest growth, with projected compound annual growth rates (CAGRs) of 21.5% and 19.7%, respectively.

The Teledentistry Global Market Report 2023, compiled by The Business Research Company (TBRC), serves as a strategic compass for industry players and stakeholders. It provides invaluable insights into teledentistry market trends, competitive landscapes, and emerging opportunities. 

With teledentistry companies increasingly focusing on innovative solutions like AI-powered treatment planning, this report equips industry leaders with the knowledge needed to make informed decisions and navigate the evolving market landscape effectively. Ultimately, it serves as a roadmap for harnessing the immense growth potential within the teledentistry market, contributing to improved oral health outcomes worldwide.

Read the Teledentistry Market Report here.

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