The U.S. dental market is estimated to hit $30.59 billion by 2027, from $15.57 billion in 2020, according to a news release from Research and Markets.
Based on the company's estimates, the dental market will grow at a compound annual growth rate of 10.13 percent during 2020-27.
The factors expected to drive the demands of the U.S. dental equipment industry include:
- Cosmetic surgery
- The aging of the American population
- Advancement in dental procedure due to advanced technology
Some other factors are poor oral hygiene, smoking habits and diabetes. Furthermore, the demands of prosthetic, preventive and surgical dentistry will also contribute to this market. However, lack of proper reimbursement and the high cost of dental procedures hinder market growth.
For the full report, click here.