Global Teledentistry Market – Overview
Teledentistry is a kind of telehealth that deals with using information technology and telecommunications for providing dental care, public awareness, consultation, and education. Teledentistry has the ability to address many of the problems related to cost efficiency, access, and quality of dental care. It can also give care to the underserved users, such as those in remote areas at a manageable cost through teleconsultation. Teledentistry market is expected to grow rapidly in the forecast period with the increasing use of smartphone and related software applications among people for easier access to healthcare.
Teledentistry has become a popular tool for solving complex medical and dental problem. Pandemic coronavirus has many positive impacts on teledentistry market, it has led to the increased demand for teledentistry and the market is also expected to grow post COVID-19.
Global Teledentistry Market – Competitive Landscape
The overall competitive landscape of the global teledentistry market is fragmented one. The fragmentation of the competitive landscape is due to the presence of several notable players. The companies in the market are expected to focus on giving quality dental care and advice to their end users. Moreover, the companies are working on developing new and innovative technologies that will help in generating better revenue.
Some of the key companies in the global teledentistry market are Medtronic plc, Seimens, Cisco systems Inc., Medweb, Medici Technologies, LLC, Zipnosis, Koniniklijke Philips N.V., General Electric, Teladoc Health Inc., Advanced Monitored Caregiving Inc., Cerner Corporation, Flexaust Inc. , Doctor On Demand, Medvivo Group Ltd, Iron Bow Technologies, LLC, VSee, Amwell, MDLIVE, IMediplus Inc., and Chiron Health.
Global Teledentistry Market – Drivers and Restraints
There are several factors that are expected to drive the growth of the global teledentistry market. One of the key growth factors for the market has been the increasing geriatric population as well as the growing demand for superior dental care. In recent years, people have been demanding for early diagnosis with cost-efficient treatment methods. In addition to this, growing healthcare access are also important factors for the overall development of the global teledentistry market. Technological developments along with government support and increasing dental and oral care are also critical for market growth.
There are however, some factors that are projected to impede the growth of the global market in the coming years of the forecast period. One of the key restraining factors for the market growth has been the increasing spread of misinformation using social media. In addition to this, regional variations in regulations, language barrier, fraud, decreased accuracy, and legal issues are some of the other key factors that might impede the development of the teledentistry market in the coming years of the forecast period.
Global Teledentistry Market – Geographical Outlook
Based on geographical outlook, the global teledentistry market is segmented into five key regions. These regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, the global teledentistry market is expected to be dominated by the regional segment of North America. The growth of the regional market is primarily driven by the growing number of dental problems and older population.
Europe is projected to come second in line after North America. The growth of the Europe market is attributed to growing demand for dental care. On the other hand, the regional segment of Asia Pacific is expected to witness a highly promising rate of growth in the coming years of the forecast period ranging from 2020 to 2030. With adoption of new age technology and growing opportunities in emerging economies such as India and China, the teledentistry market in Asia Pacific is expected to flourish in the near future.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.