Report Description of the Russia Dental Care Market Analysis
Research Scope and Assumption
- The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
- The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
- We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
- All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
- Inflation has not been accounted for in order to estimate and forecast the market
- Numbers may not add up due to rounding off
Reason to buy the report:
- Facilitate decision-making based on strong current and forecast data for Russia Dental Care Market Analysis
- Develop strategies based on the latest regulatory framework
- Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
- Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Russia Dental Care Market Analysis
- Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- We have technically sound team which do a deep dive research and also provide strategy based consulting analysis
Russia Dental Care Market Analysis Executive Summary
Dental instruments are tools that dental professionals use to provide dental treatment. They include tools to examine, manipulate, treat, restore, and remove teeth and surrounding oral structures. The Russian dental market has an impressive potential. The numbers of clinics, practicing dentists, technicians and patient visits are quite high. According to estimations there are 11,000 state and 6,000 private dental clinics in the country.
Market Size and Key Findings
The Russia Dental Care Market Analysis size stood at around USD xx% billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.
Market Dynamics
Market Growth Drivers Analysis
The dental services market in Russia is at a growing stage and has showcased tremendous growth in terms of revenues and the total number of clinics on the back of increasing dental problems in the country and popularity of the dental tourism due to reasonably priced dental services. The increase in the awareness towards the dental treatments has also proved to be a contributing factor in the development of this sector.
Market Restraints
One of the problems of Russian dentistry and medicine in general has been limited access to foreign literature. Overview of Russian literature from the last two decades showed that the concept of minimally invasive dentistry has remained largely unknown, and the traditional approach to the caries treatment (“extension for prevention”) has never been seriously questioned.
Covid-19 Market Impact Analysis
Dentists are a sector of the population with a high potential risk of infection and transmission of COVID-19. Concerning the use of PPE for infection control, our data showed that the majority of the respondents adopt it. Some healthcare facilities, including dental offices, are experiencing shortages of PPE, including gowns, face shields, face masks, and respirators, as a result of the COVID-19 pandemic. This may impact PPE availability for dentistry.
Competitive Landscape
Key Players
The Asia dental equipment market is moderately competitive. The major players in the Asia dental equipment market include 3M, Carestream Health, Danaher Corporation, Dentsply Sirona, GC Corporation, Straumann Holding AG, etc. Some companies have adopted product innovation and new product launches as their key business strategy to ensure their dominance in this market.
Products in Pipeline
- The dental prosthesis is an artificial device used to replace teeth or parts of teeth and other soft structures in the mouth e.g., dental caps, bridge, implants and dentures.
Notable Recent Deals
- Dental sensor firm 3D Diagnostic enters Russian market.
Healthcare Policies and Regulatory Landscape
Policy changes and Reimbursement scenario
Dentistry as a sector of the Russian healthcare industry has grown to become possibly the most advanced and potent aspect of the Russian medical market. The Russian dental industry is widely privatized. There is minimal government-funded dental care treatment. State dental clinics, which deliver a limited amount of free dental services, obtain payment for them either from Mandatory Medical Insurance Funds or Voluntary Medical Insurance Programs. Private dental clinics or fee-for-service departments in state dental clinics, which supply the largest majority of dentistry services in the larger cities and urban areas, charge patients directly. With disposable incomes growing in Russia intensively, dentistry is starting to become an important emphasis not only for high-income but additionally for middle-income and low middle-income groups. The Russian dental market possesses huge potential. The numbers of clinics, practicing dentists, technicians and patient visits are rather high. There are more than 89,000 dentists and more than 22,000 technicians who operate in state dental clinics and more than 21,000 dentists and more than 13,000 technicians who are employed in private dental clinics.
The dental market is amongst the most highly regulated and structured marketplaces in Russia. Professional dental industry associations play a significant role in controlling and developing the Dentist technology market across Russia. The Russian Dental Association has 69 regional divisions. Dental Industry Association (RDI – ROSI) was established in the year 2000 with 50 members.
