Dental Software Market to Reach Valuation US$ 3.94 Billion by 2030

Published Date : 22, 2022

 

The global dental software market is expected to reach valuation US$ 3.94 billion by 2030 and it is estimated to expand growth at a registered CAGR of around 10.2% from 2022 to 2030

Some sales insight revealing the strong growth of dental software during the past few years are listed below:

  • The global dental software market size is expected to reach a value of US$3.94 billion by 2030
  • The global geriatric population aged 65 years or above is projected to reach 1.5 billion by 2050
  • In US, 59% of the individuals have private coverage and 7.4% of the individuals aged 19 to 64 years have Medicaid coverage for oral care
  • Around 51.3% of the children population aged 2 to 18 years have private dental coverage in US
  • In 2020, over 240 million people across the globe were partially or completely edentulous
  • About 31% of the people in US aged between 20 to 44 years lives with dental carries

Global Nanotechnology Market Captured by North America

The increased adoption of the dental software in the US and Canada owing to the implantation of government regulations to use electronic health records (EHR) has led to the growth of the dental software market in North America. The rapidly growing geriatric population in US is expected to drive the growth of the dental services and subsequently drive the sales of the dental software. It is estimated that by 2060, around 24% of the US population will be elderly population. Furthermore, the rising demand for the dental services owing to the rising prevalence of dental and oral diseases like tooth decay, dental caries, and edentulism has significantly driven the market growth.

Furthermore, the presence of well-established healthcare infrastructure, availability of adequate number of skilled dental professionals, and rising penetration of the dental clinics and hospitals are some of the most important factors that has driven the growth of the dental services market in North America. Moreover, the rising adoption of telehealth platforms and the presence of favorable dental coverage or reimbursement policies of the government are significantly contributing to the growth of the North America dental software market.

Scope of the Report

Report Attributes Details
Market Size in 2021 USD 1.65 Billion
Revenue Forecast by 2030 USD 3.94 Billion
CAGR 10.2% from 2022 to 2030
Base Year 2021
Forecast Data 2022 to 2030

 

What are the key trends in the Global Dental Software Market?

The proliferation of digital technologies and rising adoption of the telehealth platforms coupled with the growing government initiatives to reduce paperwork, store patient health records, reduce healthcare costs, and increase the care services in hospitals and clinics is significantly driving the demand for the dental software market across the globe.

Moreover, the rising government investments in the development of smart hospitals that are equipped with latest and advanced hardware and software technologies to offer quick care services to the patients and reduce the burden from hospitals that has occurred owing to the various chronic and dental diseases. The government reforms and implementation of new regulatory policies that encourages the adoption of digital hardware and software technologies in dental clinics is further anticipated to fuel the market growth in the foreseeable future. The key market players are constantly engaged in developmental strategies like new product launches, acquisitions, and partnerships, which significantly contributes in the growth of the market. The rising prevalence of dental diseases and growing number of dental clinics in the developing economies is offering a lucrative growth prospect to the market players.

What are the key challenges in the Global Dental Software Market?

Healthcare IT is an emerging trend in the healthcare industry. However, the adoption of the latest and advanced dental software technologies is a costly affair. Moreover, the dental professionals lack the knowledge of operating software systems and hence sometimes the hospitals and clinics needs to outsource the back office, administrative, and software operations to third-party service providers. All these factors increases the costs of the dental clinics and hospitals. Furthermore, the lack of access of the dental care facilities in the developing and underdeveloped rural regions is another major challenge for the players. Many of the dental patients remain undiagnosed and untreated, which may restrict the growth of the dental software market.

Asia Pacific Forecast the Strongest Growth Rate During the Forecast Year (2022-2030)

Asia Pacific has the world’s largest population. The unhealthy food habits and changing demographics is resulting in an increasing prevalence of dental diseases. The rising government initiatives to promote the adoption of digital technologies and build smart hospitals are the major factors that are expected to drive the growth of the Asia Pacific dental software market during the forecast period.

Top Dental Software Manufacturers

Carestream Dental LLC, Allscripts Healthcare Solutions, Dovetail Dental Software, DentiMax LLC, Epic Systems Corporation, Patterson Companies Inc., Datacon Dental Systems, Curve Dental Inc., Quality Systems Inc., and Henry Schein are the prominent players in the global dental software market.

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