Growth Drivers
Growing Occurrence of Oral Diseases- Cavities (tooth decay), gum (periodontal) disease, and oral cancer are some of the most prevalent conditions affecting our oral health. More than 40% of adults have experienced oral pain in the last year, and more than 80% are expected to have at least one cavity by the age of 34. As a result, the increasing prevalence of oral diseases is predicted to expand the use of wearable oral health sensors in order to deliver enhanced dental care to the patient population.
Expanding the Usage of Modern Digital Technology- The increasing use of advanced digital technologies in daily practice helps dentists provide better patient experience and treatment. Digital dental radiography, which employs specific sensors and software to make digital images of teeth and oral cells, is one instance of such progress. According to current estimates, the worldwide digital technology business is worth approximately $469.8 billion. This figure is predicted to rise to $1,009.8 billion by 2025.
Increased Consumption of Consumer Electronics Worldwide Owing to the Rapid Implementation of Smart Devices- From cellphones to wearable devices, India's consumer electronics usage increased by 8% in 2021 as contrasted with 2019 before the pandemic began. China was predicted to create an overall of USD 250 billion in revenue by the end of 2022. The expanding urban population, associated with a better lifestyle, has generated health and safety consciousness; as a result, electronic and digital gadgets are becoming increasingly prevalent among the populace. The increasing adoption of smartphones and linked devices, in addition to the affordable prices and convenience given by miniaturized electronics, are a few of the factors predicted to increase the global wearable oral health sensors market size throughout the forecast period.
A large number of senior citizens- The population of Americans aged 65 and more is expected to almost double over the next three decades, rising from 48 million to 88 million by 2050.
Growing awareness among the people for fitness- According to a survey, 84% of people in India believe health awareness has increased after the Covid-19 pandemic.
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
5.7% |
Base Year Market Size (2023) |
USD 9.51 Billion |
Forecast Year Market Size (2036) |
USD 19.56 Billion |
Regional Scope |
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Author Credits: Radhika Pawar
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