The Australia dental care market is projected to grow from $431 Mn in 2022 to $791 Mn by 2030, registering a CAGR of 7.9% during the forecast period of 2022-2030. The aging population and rising demand for cosmetic dental procedures are two factors that will likely cause the market to expand in the upcoming years. Pacific Smiles Group, Plena Healthcare, and Nurture Dental are a few of the major players in the Australian dental care market.
The Australian dental care market is projected to grow from $431 Mn in 2022 to $791 Mn by 2030, registering a CAGR of 7.9% during the forecast period of 2022-2030. In Australia, dental care is provided by both public and private institutions. The Australian government's spending on dental care varied over the ten years leading up to 2019–20, ranging from a low of $1.1 Bn in 2011-12 to a high of $1.8 Bn. Across the period, expenditure declined at an average annual rate of 0.9%. Non-government expenditure on dental services increased steadily overall, from $5.7 Bn in 2009–10 to $7.5 Bn in 2019–20.
Dental care for eligible individuals and families is offered free or at a reduced cost by the public system known as the Australian National Health Service (NHS). In Australia, there are lots of private dental offices that provide general, cosmetic, orthodontic, and endodontic care. Additionally, some private practices provide specialized services like periodontics and oral surgery. Overall, dental care in Australia is regarded as being of a high caliber, with both public and private practitioners adhering to stringent guidelines and regulations to guarantee patient security and satisfaction.
Market Growth Drivers Analysis
Market Restraints
There is a lack of access to dental care, especially in rural and remote areas. Costly dental care that some people and families may not be able to afford. Dentists may find it challenging to break into the market due to stringent regulations and high operating costs. Limited dental insurance coverage can make it challenging for people to pay for necessary care.
Key Players
September 2022: The largest independent dental implant provider in North America, Keystone Dental Inc. ("Keystone"), announced today that it has completed the acquisition of Osteon Medical, a Melbourne, Australia-based technology company that provides digital solutions for clinicians and dental laboratories by utilizing proprietary software and novel hardware developments, thereby significantly enhancing digital workflows. Osteon Medical was founded in 2004.
The Dental Board of Australia regulates dental practitioners in Australia under the National Registration and Accreditation Scheme. The Child Dental Benefits Schedule (CDBS) is a legislative scheme defined under the Dental Benefits Act 2008 and Dental Benefits Rules 2014.
Through the CDBS, the Australian Government supports eligible children's access to dental care in an effort to promote and maintain good oral health in young people. For children up to the age of 17, the CDBS covers some or all of the costs (up to $1,026 over two calendar years) of basic dental care. Most dental services are not covered by the Australian government in the same way that other medical services are. Patients cover the majority of dental expenses. For some children and adults who qualify, Medicare does pay for some necessary dental services.
1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Product (Revenue, USD Billion):
In terms of product category, the toothbrush had the highest revenue share (26% in 2020). The rising incidence of cavities, sensitivity, and gingivitis has increased toothpaste usage significantly in both emerging and wealthy countries. As a result, toothpaste is now an essential part of good dental health. In the oral care sector, toothpaste thus commands the biggest market share.
By Age Group (Revenue, USD Billion):
Adults lead the oral care market over the projection period based on age group. The overall expansion of the oral care industry is being driven by adults' increasing consumer knowledge of mouth cleanliness and care. Adult oral care products come in a variety on the market.
By Sales Channel (Revenue, USD Billion):
The specialty stores dominate the oral care market over the projection period based on the sales channel. Specialty shops carry a broad selection of goods. The employees of specialty businesses provide customers with precise product information. With the aid of specialty shops, customers can also find all types of dental care items under one roof.
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