Teledentistry Market projected to reach US$ 2,614.50 million by 2027 to grow at a CAGR of 17.1%


Posted April 13, 2021 by jitendra123

The teledentistry market was valued at US$ 667.13 million in 2019 and it is projected to reach US$ 2,614.50 million by 2027; it is expected to grow at a CAGR of 17.1% from 2020 to 2027.

 
Rising geriatric population and growing demand for superior dental care have been the primary drivers for the industry. In recent years, people have been demanding early detection and cost-effective treatment approaches. Also, increasing healthcare access is a significant factor in the global teledentistry market's overall growth. Rising technological advances and government funding and growing dental and oral care are also essential factors supporting the market growth.

The scope of the teledentistry market includes component, delivery mode, end user, and geography. The teledentistry market is analyzed based on regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. The report offers insights and in-depth analysis of the teledentistry market emphasizing on various parameters, such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world.

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Some of the key players operating in the teledentistry market include ViDe Virtual Dental; Koninklijke Philips N.V; TheTeleDentists; MouthWatch, LLC; Denteractive Solutions, Inc.; Patterson Companies, Inc.; Virtudent, Inc.; Dentulu; HealthTap, Inc.; and e-DENTECH.

Based on component, the teledentistry market is segmented into hardware and software & services. The software and services segment accounted for the largest share of the market in 2019. This segment is likely to dominate the market during the forecast period. The teledentistry software allows the users to accomplish tasks necessary for acquisition and organization of patient health information. Moreover, budding digitalization in the developed nations has enabled patients to take up dental care at a reduced cost and time. Moreover, the COVID-19 pandemic has created opportunities for the market players operating in this domain.

The COVID-19 pandemic is estimated to have a significant impact on the teledentistry market. Growing cases of COVID-19 and rising need for healthcare services have improved communication between nurses, physicians, and patients and helped expand the healthcare infrastructure, due to which demand for better communication systems, such as teledentistry, is mounting. The teledentistry market is anticipated to show strong growth in the US as it is among the worst affected countries globally.

Oral diseases cause a major burden for various countries and affect the people throughout their lifetime by causing pain, discomfort, and disfigurement. According to the World Health Organization (WHO), oral diseases have affected approximately 3.5 billion people globally in 2020. Moreover, the WHO stated that over 530 million children worldwide suffer from dental caries. Furthermore, according to the International Journal of Health Sciences, periodontal diseases affect approximately 20–30% of population in the developed and developing nations worldwide. According to the FDI World Dental Federation, approximately 2.3 billion people suffer from dental caries of permanent teeth across the world. The treatment for oral diseases is relatively expensive and it is usually not covered by the insurance companies and healthcare ministry in majority of the countries. However, virtual visits between clinicians and patients in remote areas via communication technologies have enabled the reach of health advice and consultations in the developing nations.

Most of the global healthcare players are focused on the digital dental sector. This has resulted in the fast-paced growth of the sector in the recent years. Market players are competitive toward introduction of new platforms that are likely to address various challenges in the virtual dental appointments. For instance, in December 2020, DialCare introduced its new teledentistry program offering 24/7 access to its licensed dentists in the US through phone or video consultation. Teledentistry has witnessed a surge during the COVID-19 crisis as it has helped individuals to seek medical attention from the convenience and safety of their home and not to risk infection by entering a populated clinic. mHealth technology is being developed to disseminate medical information or health data widely to practitioners and patients as well. The continued advancement of wireless communications technology would undoubtedly help bring mHealth initiatives to maturity.

Strategic Insights

New platform and software launches and collaborations are highly adopted strategies in the global teledentistry market. A few recent key product developments are listed below:



June 2019: e-DENTECH introduced teledentistry for oral consultations. This strategy has helped in the company growth, which, in turn, has brought about various changes in the market.

May 2020: Philips and Toothpic collaborated to launch a professional teledentistry platform that provides patient connection to supplement in-office treatments. Thus, introduction of similar innovative platforms by market players is expected to provide growth opportunity for the teledentistry market over the coming years.

August 2020: Futuredontics, the parent company of 1-800-DENTIST partnered with Denteractive to provide immediate after-hours dental care to patients via teledentistry

October 2020: Holland Healthcare partnered with The TeleDentists, using the TelScope Oral Telehealth System. Together, these companies can capture superior-quality images inside the mouth and send that image to a dentist instantly.

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Categories Biotech , Health , Medical
Tags teledentistry , teledentistry market , teledentistry market growth , teledentistry market share , teledentistry market size
Last Updated April 13, 2021