Australia Dental Care Market Analysis

Australia Dental Care Market Analysis


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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.

ID: IN10AUHS005 CATEGORY: Healthcare Services GEOGRAPHY: Australia

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Australia Dental Care Market Analysis Summary

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.

australia dental care market analysis

Market Dynamics

Market Growth Drivers Analysis

  • Rising dental tourism: Australia is gaining popularity as a destination for dental travelers because the nation offers high-quality dental care at comparatively affordable prices when compared to other developed nations.
  • Demand for cosmetic dental procedures has increased as people's awareness of their appearance has grown. Examples of these procedures include teeth whitening and orthodontics.
  • Government funding: The government supports dental care for specific populations, including veterans and low-income people, and thus plays a significant role in the market.
  • Technological developments: Dental procedures are now more effective and efficient thanks to the use of cutting-edge technology like digital X-rays, laser therapy, and CAD/CAM.
  • Rise in oral health awareness: People are becoming more aware of their oral health, which is encouraging more frequent dental visits and a focus on preventative care.

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.

Competitive Landscape

Key Players

  • Pacific Smiles Group (AUS)
  • Plena Healthcare (AUS)
  • Nurture Dental (AUS)
  • Johnson & Johnson (USA)
  • Procter & Gamble (USA)

Notable Recent Deals

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.

Healthcare Policies and Regulatory Landscape

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.

Reimbursements

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

Dental Care Market Segmentation

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.

  • Toothbrush
  • Toothpaste
  • Mouthwash
  • Dental Floss
  • Denture Care

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.

  • Children
  • Adults
  • Geriatric

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.

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Drug Stores &Pharmacies
  • Convenience Stores
  • Online Sales Channel

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

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of 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 developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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 about 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 a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a 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:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not 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. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the 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 Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. 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 company-level averages, etc.

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

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed 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 is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the 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 their impact on 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 consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

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Last updated on: 16 January 2023
Updated by: Vidhi Upadhyay

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