As per the findings of a report published by Grand View Research, Inc.; the global dental equipment market is anticipated to reach a valuation of over USD 8.45 billion by 2020. Factors such as increasing geriatric population, unhealthy lifestyle, and unawareness regarding oral hygiene are expected to drive the global market. Increasing demand for dental procedures is anticipated to further propel the market during the forecast period (2012 to 2020). In addition, favorable government initiatives to spread awareness for dental hygiene and to provide low-cost treatment options can positively impact the market.
Growing prevalence of cavities and teeth related disorders have increased the demand for dental surgeries. According to the statistics provided by the World Health Organization (WHO), around 60% to 90% of school children and about 100% of adults around the world suffer from dental cavities. Hence, the organization has started initiatives to promote dental hygiene awareness and to prevent oral diseases across the world. Such initiatives can boost the adoption of dental diagnostic and therapeutic devices and impel the expansion of the market.
High demand for preventive, restorative, and surgical services for dental care among elderly population is expected to boost the dental equipment market growth during the forecast period. Cosmetic dentistry is gaining more traction due to a high demand for aesthetic procedures. The cost of orthodontic procedures is very high in developing countries. Comparatively low charges for consultation, x-rays, and other tests due to low cost of labor and limited government intervention have boosted the medical tourism in developing countries. Growing dental tourism is also anticipated to impel global market over the forecast period.
Full Research Report On Dental Equipment Market Analysis: https://www.grandviewresearch.com/industry-analysis/dental-equipment-market
Moreover, introduction of advanced dental anesthesia solutions such as intraligamentary injection anesthesia system to reduce complications in orthodontic procedures can also drive the market growth over the forecast period. Additionally, use of portable lasers among dentist and general practitioners in home settings to improve the patient comfort can impel growth of the market for dental equipment. Technological innovations for developing cost-effective diodes and low operating costs and high accuracy of these devices can also boost the demand in the coming years.
The worldwide dental equipment market can be segmented on the basis of product and regions. As per the products, the market is fragmented into dental lasers, radiology, systems and parts, hygiene equipment, laboratory machines, and other equipment. Geographically, the market can be divided into North America, Europe, Asia Pacific, and rest of the world (RoW).
In 2013, North America accounted for the largest market share owing to technological advancements, growing elderly population, and high number of dentists and dental clinics. In addition, increasing alliances between healthcare providers and research organizations supported by research grants are anticipated to further propel the regional growth. The U.S. held the largest market share due to easy availability of world class medical facilities and growing geriatric population prone to dental problems. Additionally, adoption of technologically advanced equipment like high resolution screening systems and digital X-rays to detect tooth cavities can boost the market during the forecast period.
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The Europe market for dental equipment is likely to showcase rapid growth during the forecast period with a growth rate of around 5.3% in near future. This growth can be accredited to growing patient awareness and high adoption of advanced treatment and orthopedic applications. Supportive measures by the governments, high prevalence of oral cancer, and rising investments for the development of advanced equipment can further impel the regional growth.
Asia Pacific is expected to register substantial growth during the forecast period due to growing number of cosmetic implants. Increasing elderly population, awareness, rapid development in rural healthcare services, high disposable income, and favorable government initiatives can create positive outlook for the market. Growing medical tourism is one of the key factors driving the regional market. Rising medical tourism in India due to the availability of cost-effective dental procedures can further boost regional market in near future.
Some of the leading companies operating in the dental equipment market include A-Dec Inc.; Danaher Corporation; Sirona Dental Systems; Dentsply international; and Carestream Health. Technological advancements and development of innovative products are some of the key business strategies adopted by most market participants to gain competitive edge.
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