Report Description of the New-Zealand 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 New-Zealand 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 New-Zealand 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
New-Zealand Dental Care Market Analysis Executive Summary
The Dental Services industry's performance is forecast to improve over the next five years, supported by a growing and ageing population and rising disposable incomes. The need for improved oral care over the longer term is also projected to increase demand for industry services over the period.
Market Size and Key Findings
The New-Zealand 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
Due to the increasing aging population in New-Zealand, there has been an increase in the number of dental implants and oral surgeries being performed. In addition, there is a decrease in manual dexterity and an increase in comorbidity and medications affecting the oral cavity. Hence, the dental care in aged care facilities is found to be poor and access to dental professionals is difficult. There are several other risk factors, such as smoking, poor oral hygiene, diabetes, medication, and hereditary conditions, which are also connected to the increase in dental diseases.
Market Restraints
Increasing Cost of Surgeries, Expanding Demand for Refurbished Dental Devices are a major restraining factor. The increased cost of services due to high cost of dental equipment is a significant factor that may hamper the market growth during the forecast period. Hospitals may also be under more pressure to raise prices to compensate for lower volume. There are major opposing influences, though.
Covid-19 Market Impact Analysis
Industry operators are expected to face several challenges related to COVID-19. The implementation of level three guidelines and restrictions in March 2020 limited the number of dental services able to be offered. Under these restrictions, dentists may only perform dental treatments that do not generate aerosols or where treatment generating aerosols is limited. Dental practitioners are expected to face significant profit pressures in the current year. Alert Level 3 and 4 restrictions caused dental practitioners to close temporarily and only conduct essential services.
Competitive Landscape
Key Players
The market for dental devices in New-Zealand is moderately competitive and there are several international companies that are having a strong presence in this country. The global players into the New-Zealand dental devices market are 3M Company, A-Dec Inc., Biolase Inc., Carestream Health Inc., Dentsply Sirona, Envista Holdings Corporation, GC Corporation and Planmeca.
Products in Pipeline
- An ongoing trend within the dental prosthetic market is the increasing movement towards digitization, resulting in high growth of the CAD/CAM prosthetics market. Through the use of CAD/CAM technology, dentists and laboratory technicians are able to increase productivity levels. Prices for CAD/CAM systems and blocks are expected to gradually decrease throughout the forecast period. As scanning and milling units becomes increasingly affordable, more laboratories and dental clinics will be able to invest in the technology.
Notable Recent Deals
Code of Practice - The purpose of the Code is to ensure high ethical standards and socially acceptable behaviour within the Dental Industry and ensure that the Oral Healthcare Professional, the Regulator and the New Zealand community can have confidence in their dealings with the Dental Industry, and its Products.
Industry Certificate - The New Zealand Dental Industry Certificate is a modular educational self-learning course, followed up by a two-day workshop that introduces the professions, techniques and products used in contemporary dentistry. It is a customised programme that has been used successfully around the world.
Dental Expo - The Dental Expo offers attendees FREE lectures, live product demonstrations and hands-on opportunities with the latest equipment and materials from local dental suppliers and international manufacturers.
Healthcare Policies and Regulatory Landscape
Policy changes and Reimbursement scenario
New-Zealands first steps towards the goal that all New Zealanders should be able to access affordable comprehensive dental care should be population-level prevention and ensuring that disadvantaged groups can access emergency dental care.
Health governance and regulation work together to keep the New Zealand public safe. Within the context of New Zealands wider regulatory environment, the Dental Council is tasked with ensuring the public receives safe and effective oral health care from all practitioners
Although health insurance is more important since it covers a wider range of treatments and procedures in addition to basic dental care in some cases, dental insurance can certainly be worth the monthly premiums if your plan fits your needs. Dental insurance is quite costly and some procedures such as dental implants may not be covered which means that youll still have to pay out of your own pocket for some of the most expensive treatments. Since there are very few companies that offer dental insurance youll be looking at some hefty premiums regardless of which provider you choose to go with. In additional, even the best plans on the market will carry an annual payout limit which means that if the work really gets expensive your policy wont be able to save you completely.