The North American dental equipment market is forecasted to demonstrate a steady growth by 2023, surpassing its previous growth records in terms of value with a constant CAGR of 6.23% during the anticipated period (2017–2023).
In a Dental Market where fewer percentage of educated and experienced dentists must meet the needs of an ever-growing population, new technologies arose to increase production levels and awaken a dental technology workforce. Dental Laboratories face many challenges today like productivity, profitability, staying competitive, new technologies, and offshore competition. However, it is suggested that the profession has contended with and seized many of these same issues over the recent years. Dental equipment’s are used for diagnosis and treatment of dental problems with the help of X-rays, radioactive substances, and other forms of radiant energy. The market is majorly driven by the technological advancements in the dental equipment, high adoption of digital dental radiology and imaging systems, growth in aging population, and dental surgeries gaining impetus. However, huge demand for dental tourism and use of refurbished dental instruments is expected to restrain the growth of this market.
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The global North American Dental Equipment market appears to be highly competitive and fragmented. Major players are increasingly expanding their footprint in the emerging nations, making it putting pressure on the regional players, especially in terms of features such as type, product portfolios, and pricing.
The key players in the industry are adopting to compete with one another directly and indirectly with other ecosystem players. Following are some of the Market Players
Patterson Dental (US)
Henry Schein (US)
Dentsply Sirona (US)
Danaher Corporation (Switzerland)
PLANMECA OY (Finland)
Carestream Health Inc.(U.S.)
Biolase Inc. (U.S.)
The market for dental equipment is characterised by the presence of several well-established and small players, The market is witnessing intensified competition which is expected to get more intensified further during the forecast period.
The North American dental equipment market is segmented on the basis of products, applications and end user.
On the basis of product, the market is segmented into dental radiology equipment, dental sensor, dental hand pieces, CAD/CAM, dental chairs, dental lasers, casting machines, and others. The dental radiology equipment is further segmented into intra-oral X-rays, extra-oral X-rays, 2D imaging, CBCT, and others. The dental sensors are further segmented into dental X-ray sensors, phosphor plate sensors. The dental hand pieces are further segmented into electric, hybrid, and air driven. The CAD/CAM is further segmented into software and equipment. The dental chairs are further segmented into electric and hydraulic. The dental lasers is further segmented into lasers for soft tissue, and lasers for hard tissue. The casting machine is further segmented into injection casting machine, vacuum casting machine, and centrifugal casting machine.
On the basis of application, the market is segmented into examining the mouth and teeth, scaling or professional cleaning of teeth, cavity removal, placing and condensing filling materials, carving and finishing dental fillings, and others.
Based on the end use, the market is divided into hospital, dental clinics, dental laboratories, and others.
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North American Regional Analysis
North America region is a fast-growing dental equipment market across the globe owing to health-conscious population in the countries representing this region. In the U.S., most people are health conscious and they pay more attention to dental health, which allow them to invest more in dental treatments. Thus, it improves their overall dental health and oral appearance. The U.S. holds the major share of the market owing to the huge investment in the research & development, high healthcare spending and increasing prevalence of dental diseases. Additionally, increasing government support and technological advances have fuelled the growth of the U.S. dental equipment market. Canada holds the less share of the market.
4 Market Dynamics
4.2.1 Increasing use of CBCT (Cone Beam Computed Tomography) in Orthodontic Diagnosis and Treatment Planning (impact weightage-30%)
4.2.2 Technological development in dental equipment (impact weightage-35%)
4.2.3 Increasing cosmetic dentistry treatments (impact weightage-20%)
4.2.4 Increasing Geriatric Population (impact weightage-15%)
4.3.1 Huge Demand for Dental Tourism (impact weightage-60%)
4.3.2 Use of Refurbished Dental Instruments (Impact Weightage-40%)
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4.5 Mega Trends
4.6 Macroeconomic Indicators
4.7 Technology Trends & Assessment
…To be Continued.
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