DUBLIN--(BUSINESS WIRE)--The "Teledentistry Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Component; Delivery Mode; End User, and Geography" report has been added to ResearchAndMarkets.com's offering.
According to this report the global teledentistry market is expected to reach US$ 2,614.50 million by 2027 from US$ 667.13 million in 2019. The market is estimated to grow at a CAGR of 17.1% from 2020 to 2027. The report highlights the trends prevalent in the global teledentistry market and the factors driving the market along with those that act as deterrents to its growth.
Based on component, the teledentistry market is segmented into hardware and software & services. The software and services segment accounted for the largest share of the market in 2019. This segment is likely to dominate the market during the forecast period. The teledentistry software allows the users to accomplish tasks necessary for acquisition and organization of patient health information. Moreover, budding digitalization in the developed nations has enabled patients to take up dental care at a reduced cost and time. Moreover, the COVID-19 pandemic has created opportunities for the market players operating in this domain.
Increasing burden of oral diseases and growing adoption of teledentistry are likely to boost the market growth over the years. However, rise in cyber threats and risks associated with data security are likely to hinder the market growth during the forecast period.
The COVID-19 pandemic is estimated to have a significant impact on the teledentistry market. Growing cases of COVID-19 and rising need for healthcare services have improved communication between nurses, physicians, and patients and helped expand the healthcare infrastructure, due to which demand for better communication systems, such as teledentistry, is mounting. The teledentistry market is anticipated to show strong growth in the US as it is among the worst affected countries globally.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the teledentistry market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global teledentistry market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Market Dynamics
Drivers
- Increasing Burden of Oral Diseases
- Growing Adoption of Teledentistry
Restraints
- Rising Cyber Threats and Risks Associated with Data Security
Opportunities
- Introduction of New Teledentistry Platforms
Future Trends
- Increasing Acceptance of Mobile Health
Companies Mentioned
- ViDe Virtual Dental
- Koninklijke Philips N.V.
- TheTeleDentists
- MouthWatch, LLC
- Denteractive Solutions, Inc.
- Patterson Companies, Inc.
- Virtudent, Inc.
- Dentulu
- HealthTap, Inc.
- e-DENTECH
For more information about this report visit https://www.researchandmarkets.com/r/993xtn
