By David BeasleyFourFourTwoAs global dental health and pharmaceuticals demand continues to grow and supply shortages continue to plague the global healthcare industry, the demand for global dental care has also grown significantly.
As global demand for dental equipment continues to increase, demand for dentists has been on the rise.
The market is projected to grow from $10 billion in 2020 to $18 billion in 2025.
According to research firm IHS Markit, the global demand in dental equipment is projected at over $25.2 billion in 2021.
The research firm estimated that by 2025, global demand will be up to $25 billion.
Demand for dental devices is also on the increase globally, with demand growing at an average annual rate of 7.5% during the past decade.
The research firm says demand is projected increase by 9% in 2021 and 11% in 2022.
According IHS, demand in dentistry is projected for a projected $4.6 billion in 2024, up from $3.3 billion in 2019.
The dental supply chain is also projected to increase.
According to IHS research, demand is expected to grow by 20% over the next five years, with the dental supply chains expected to reach an estimated $8.2 trillion in 2025, up 3% from 2021.
In addition, the IHS forecast that demand for the dental products will increase by 12% over 2020, up 4% from 2020.
Demand in the health care sector is expected at $2.8 trillion in 2020, which is down from $4 trillion in 2019 and 8% from the previous forecast.