Australia Dental Care Service Market Analysis

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  • Type: Service area
  • Published : April 2021
  • Region: APAC
  • Country: Australia
  • Report ID : 4065

  • Format: PPT, PDF

Australian Dental Care Services Market: Segmented by Services (Restorative Dentistry Service, Preventive Dentistry Service, Diagnostics Dental Services), by Product (Dental Device, Dental Instrument & Dental Pharmaceuticals), by Facility (Public Dental Care Facility & Private Dental Care Facility)- Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The Australian dental care services market size stood at around USD 10.0 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The rise in awareness amongst people regarding cosmetic dental treatment aids in improving aesthetics and maintaining the fresh breath, which is also one of the key factors positively impacting the demand for oral care products. The elderly population is one of the most common target populations in the market. This group of population is at high risk of developing various oral diseases. The Dental Services industry in Australia is the 11th ranked Health Care and Social Assistance industry by market size and the 121st largest in Australia.

 

Market Drivers

Oral health affects overall wellbeing and enables people to participate in their chosen roles without discomfort or embarrassment. The Child Dental Benefits Schedule (CDBS) has been introduced by the federal government to help parents look after their children’s dental health. Dental Health Week is a community awareness program that aims to educate Australians about the significance of maintaining good oral health habits. Oral health is a basic expectation of all Australians. Whilst important, oral health is an integral part of general health.

With the development of technology, cosmetic dentistry has become even more affordable and efficient. And as consumers become more aware of their options, many are choosing cosmetic dentistry to treat their oral health. Several factors driving the rise in the cosmetic dentistry market in Australia, including:

  • Rising purchasing power
  • Rising demand
  • More acceptance among consumers for modern technology in the dental field

The proportion of the population with private health insurance extras cover influences demand dental services, as Medicare does not cover most dental services. Consequently, increased demand from Australians with private health insurance cover for dental work provides an opportunity for revenue growth.

 

 

1. Australian Dental Services Market Overview……………………………………………….
A. Market Size
2. Market Growth Drivers…………………………………………………………..………….
A. Increasing Federal Government Schemes & Awareness Programs Around Australia
B. High Demand for Cosmetic Dentistry
3. Dentistry Market type of Services…………………………………………………………
A. General Dentistry
B. Orthodontics and Prosthodontics
C. Oral Surgery
4. Dental  Service Market Segmentation…………………………………………………………………………
A. Product
I. Dental Device
II. Dental Instrument
III. Dental Pharmaceuticals
B. Facility
I. Public Dental Care Facility
II. Private Dental Care Facility
5. Dental Service Major Products Market Share……………………………………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape……………………………………….……………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………….……………………….
A. Dental Health Services Victoria Company overview, Product & Services, Strategies & Financials
B. NDC Australia Company overview, Product & Services, Strategies & Financials
C. Pacific Smiles Group Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape………………….……………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth……………………………………………………………
A. New Trends and Development of Dental Services Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Product:

Based on Product categories, the dental services in Australia can be segmented under Dental devices: diagnostic devices, treatment devices, and auxiliary devices, Dental Instruments: intraoral instruments, surgical/implant instruments, orthodontic instruments and prosthetic instruments, and Dental Pharmaceuticals.

By Facility:

Based on dental care services, which comprises of both dental care delivery organization and the workforce the Australian dental services market is categorized into two namely Public dental care facilities: stomatology departments in general hospitals, as well as specialized dental hospitals and Private dental care facilities: stomatology departments in general hospitals, as well as specialized dental hospitals.

Major Players

Many new players are emerging in the dentistry service market in Australia, because of several growth opportunities. Forthcoming patent expiries of major drugs are leading to increased competition, and it is further driving the market studied. The overall dental service industry is expected to witness tremendous growth. Some of the companies which are currently dominating the market are BUPA Hi Holdings Pty Limited, Dental Health Services Victoria, Maven Dental Group, NDC Australia Pty Ltd, Pacific Smiles Group Limited, Primary Dental, 1300 Smiles Limited, and others.

 

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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