The dental industry is poised to reach a couple of billion dollars in the coming years. Riding this wave of growth is ideal. However, this means adopting new changes in the industry and using future trends to your advantage.
Every industry has specific trends driving them into success. The dental industry trends are cryptocurrency, 3d printing, laser technology, and cosmetic surgeries. We will delve into these trends and how you can use them to improve your practice in this article. Let’s start with what many consider a disruptor: cryptocurrency.
Cryptocurrency in Dentistry
Cryptocurrency is becoming one of the biggest disruptors of how we do business in many industries. Currently, it’s disrupting how people are investing in the dental industry.
Recently, Dentacoin was developed in the Netherlands. It was claimed that it would change the way we pay for dental services forever. Many considered this a fluke, but because of rising investments into cryptocurrency, Dentacoin started to increase alongside it.
Dentacoin is transforming how dental services are being provided in Europe. Many offices of dentists are starting to offer this as a mode of payment. At the same time, many more insurance companies accept this as their online payment method. Moreover, thousands of Europeans use this cryptocurrency to invest their well-earned cash. Much like Bitcoin, Dentacoin is increasing in value every year.
Many investors who want to try their hand in the dental industry but don’t have any experience in the sector can now do so by investing in this cryptocurrency. It’s changing how dental practices are being done, both from a business and practice perspective. Only the future will tell if more dental professionals will accept this currency into their practice.
When 3d printing was particularly new, no one batted an eye. But as it continued to improve throughout the years, more and more industries started to invest in it. One particular industry that has grown accustomed to 3d printing in the dental industry.
3d printing is such a great trend in the dental industry because it cheapens certain services. However, it also increases the industry’s overall efficiency. Imagine, the work needed to be done by orthodontists is cut by more than half because of 3d printing. Additionally, products done through the 3d printing process use fewer materials and have more accurate depictions of the model.
This particular trend is responsible for over $12 billion in industry revenue. It’s also expected to grow rapidly as technology starts to improve even more in the coming years.
3d printing isn’t the only thing contributing billions of dollars to the industry. Laser technology is becoming a widely explored topic in dentistry and has a great future.
Laser is being used to do dental surgeries safely and efficiently. It’s been known to reduce pain and bleeding among clients, and many dentists believe that it is a far better option. Because of these positive perceptions, the dental laser industry is growing.
The dental laser industry is expected to reach $300 million in the coming years. It’s only a fraction of the 3d printing industry, but one that has a bright future ahead of it. If more investments are placed into this tech, and if more dental professionals start to adopt it into their surgeries, then that number is expected to quadruple in the coming years.
As more people start to admire themselves and what technology can do to improve their bodies, the more they will do surgeries to get the bodily features they want. This is why cosmetic surgery is such a hot trend in the dental industry.
There is an increased demand for cosmetic surgery. More and more people want whiter and cleaner teeth, and they are willing to pay for it no matter the price. Others out there want to have unique additions to their teeth, such as a tooth gap. All of these contribute to the rise of cosmetic surgery in the industry.
The cosmetic side of the dental industry is earning billions of dollars. There is an increasing demand for this kind of surgery. It is more likely to dominate the sector in the coming years.
As a dental professional, it is in your best interest to take advantage of these trends. Consider investing in a 3d printer for your practice while also offering cryptocurrency as a payment method for your services. It might also be time to adopt laser technology into surgeries. By doing these things, you should be able on top of your game.