PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1425146
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1425146
The dental service organization market was valued at US$144.815 billion in 2022 and is expected to grow at a CAGR of 6.32% during the forecast period.
Dental Service Organizations (DSOs) are several kinds of dental practice business models that offer a variety of non-clinical services to dentists, making it easier for them to manage their practices. DSOs advantages both dentists and patients by providing more affordable dental care and ensuring an ongoing source of patients for dentists. The market is further driven by developments in healthcare technology, which ensure the creation of DSOs with improved compatibility, safety, and accuracy.
Market Drivers
Increasing awareness of oral health plays a vital role in the growth of the dental service organization market. As people become more conscious of the importance of oral health due to increasing oral cancer among the people, they seek out more dental services. For instance, according to the American Cancer Society's estimated figure, in 2023, the number of oropharyngeal cancer & oral cavity is expected to reach 54,540 while deaths from oropharyngeal cancer are expected to reach 11,580. DSOs have diversified their service offerings beyond essential dental treatments to include comprehensive treatments such as implants, orthodontics, cosmetic dentistry, oral cancer, and treatment for sleep apnea.
Dental service organizations are expected to embrace digital dentistry as technology advances, such as the use of intraoral scanners, digital X-rays, CAD/CAM technology, and artificial intelligence (AI) for diagnosis and treatment planning. This technological integration enables more efficient operations, better patient care, and increased efficiency in dental offices. DSOs have grown substantially in the last decade, becoming a significant segment of the dental industry. For instance, Risio, a recently launched dental start-up, seeks to reshape oral hygiene care by offering preventive dental services to all patients from the comfort of their own homes. Risio takes care of dental needs, from teeth whitening to elderly dental care, at a reasonable price and with flexible financing plans.
Cost efficiency is key to the development of the dental service organization market. Cost Dental practices can achieve advantages of scale, lower overhead costs, and gain access to shared resources and expertise by partnering with dental service organizations. As a result, they can increase operational efficiency and profitability. The growing trend of independent physicians joining dental organizations to gain benefits such as marketing support, and exposure to a larger patient base has contributed to the growth of the dental service organization market.
North America is anticipated to hold a significant share of the dental service organization market.
North America is projected to account for a major share of the dental service organization market owing to the region's robust growth in technology advancement and increasing awareness of dental health. For instance, in September 2021, Straumann Group established a strategic alliance with Aspen Dental Management, Inc. to provide dental implant solutions, supports, and CAD/CAM options to over 1000 ADMI and associated workplaces in 45 U.S. states. Due to these largest providers of fixed and removable dental prosthetics, there is a significant growth in dental health services in the United States.
Market Challenges
The growth of the dental service organization market may be restrained by the consciousness of data security of patients as well as dental physicians. Protecting patient confidentiality is a top priority in healthcare and dental service organizations hold a significant amount of personal and health-related data. It is one of the major challenges for dental service organizations to ensure regulatory compliance and invest in data security to safeguard information about patients.
Market Developments
Company Products
Segmentation