Teledentistry Market to be Worth $4.80 Billion by 2030 at CAGR 16.13%: Grand View Research, Inc.

SAN FRANCISCO, Jan. 19, 2023 /PRNewswire/ -- The global teledentistry market size is expected to reach USD 4.80 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 16.13% from 2022 to 2030. The increasing penetration of the internet and smartphones in dental applications is one of the primary factors augmenting the industry growth. Furthermore, the rising geriatric population and the growing adoption of teledentistry solutions among them due to their convenience and cost-effectiveness are the key factors expected to fuel the industry growth during the projected period.

Key Industry Insights & Findings from the report:

• The software and services component segment accounted for the largest revenue share in 2021 owing to a large number of solutions launched by key players in the market. In addition, the advancing features such as streamlining communication facilities with wireless technologies are boosting the growth.
• By delivery mode, the cloud-based segment is expected to register the fastest growth rate during the projected period owing to its wide adoption among digital dentistry due to its safety and widest storage feasibilities.
• By application, the teleconsultation segment accounted for the largest revenue share in 2021 as the COVID-19 pandemic has increased the usage of teledentistry for major dental consultation services. In addition, the large number of dentists available for oral health consultation is increasing the opportunity for segment growth.
• By end-use, the providers segment held the largest revenue share of over 45.0% in 2021. Dental providers are getting highly accustomed to patients' personal dental care needs through virtual sessions during pandemics. This enables the providers to prevent long waiting times for patients and reduces hospital-acquired infections.
• North America held the largest revenue share of more than 35.0% in 2021. This is owing to the technological advancements in the region to implement virtual dental care and the presence of large market players operating in the region.
• The market is relatively competitive owing to the presence of major players. The various strategic initiatives implemented by companies such as collaborations, acquisitions, partnerships, and product launches are significantly contributing to the growth of the market.

Read 140 page market research report, "Teledentistry Market Size, Share & Trends Analysis Report By Component (Software & Services, Hardware), By Delivery Mode (Cloud-based, Web-based), By Application, By End-use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Teledentistry Market Growth & Trends

To curb the spread of the COVID-19 pandemic, the government of various countries declared complete lockdowns and travel restrictions, thereby halting the majority of dental procedures. Dentists around the world incorporated several measures to help minimize infection transmission and continue dental practices. One of the major measures was the use of virtual dentistry. These enabled patients to benefit from dental care by remotely consulting with top dentists. In addition, the support from the government in implementing virtual dental practices is enhancing the usage of teledentistry among people. Hence, the COVID-19 pandemic has significantly impacted industry growth.

The prevalence of oral diseases is increasing and this disease is considered to be one of the most common conditions globally. According to a report published by the WHO on May 15, 2022, nearly 2 billion people suffer from caries of permanent teeth and 520 million children have primary teeth caries. Hence, consulting a dentist on a regular basis to maintain oral health is a major factor in boosting the growth of the market. In addition, increasing disposable income in developing economies flourishes cosmetic dentistry adoption, which is further fueling industry growth.

Major players in the market are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and software launches, to maintain a competitive edge in the market. For instance, in January 2022, Dentulu, Inc. announced its partnership with Independa, a health hub that provides easy-to-use video chat solutions. This was initiated to enhance teledentistry services via LG television for better patient convenience. In addition, the leaders in the market are collaborating with each other to enhance the teledentistry solution portfolio. For instance, in May 2020, Koninklijke Philips N.V. collaborated with Toothpic, a leading dental e-health solution provider to launch a professional teledentistry solution. This collaboration will enable Toothpic to complement Philip's Sonicare teledentistry solution. Such activities are expected to boost the industry growth over the forecast period.

Teledentistry Market Segmentation

Grand View Research has segmented the global teledentistry market based on component, delivery mode, application, end-use, and region:

Teledentistry Market - Component Outlook (Revenue, USD Million, 2017 - 2030)

• Software & Services
• Hardware

Teledentistry Market - Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud-based
• Web-based

Teledentistry Market - Application Outlook (Revenue, USD Million, 2017 - 2030)

• Tele-consultation
• Remote Patient Monitoring
• Education & Training

Teledentistry Market - End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Providers
• Patients
• Others

Teledentistry Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Latin America
• Brazil
• Mexico
• Argentina
• MEA
• South Africa
• Saudi Arabia

List of Key Players of Teledentistry Market

• Koninklijke Philips N.V.
• Align Technology, Inc.
• SmileDirectClub
• MouthWatch, LLC
• Dentulu, Inc.
• Denteractive Solutions Inc.
• Toothpic
• Smile Virtual LLC
• Virtudent, Inc.
• Straight Teeth Direct

Check out more related studies published by Grand View Research:

• Telehealth Market - The global telehealth market size is expected to reach USD 455.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to exhibit a CAGR of 24.0% for the forecast period 2023-2030. The rising penetration of the internet and the evolution & development of smartphones are factors that contributed to the growth of the market.
• Telemedicine Market - The global telemedicine market size is anticipated to reach USD 380.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 19.5% over the forecast period. The key factors driving the market growth include the increasing prevalence of chronic conditions, aging population, telehealth uptake, and rising demand for reduction in care costs. SOC Telemed reported 140,743 total system-wide consults during Q3 2021, an increase of about 76% year over year. The company also reported a recovery in telepsychiatry volumes to pre-COVID levels and significant volume increases in the teleneurology service line. About 1,087 total facilities were serviced by SOC Telemed including 193 facilities serviced by Access Physicians.
• Telecare Market - The global telecare market size is expected to reach USD 6.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2023 to 2030. Telecare provides services mainly to the vulnerable and geriatric people for immediate contact with someone for help in case of any emergency. In addition, the increasing development of new technology from telephones to online virtual visits has shaped the face of modern health care services. Moreover, the growing adoption of digital health services to extend patients' access to care, remotely monitor risks, health conditions, or any early warning signs is anticipated to fuel market growth over forecast years.

Browse through Grand View Research's  Healthcare IT Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg