Global Dental Equipment Market 2020 is poised to register a CAGR of 5.20% over the review period (2019 to 2025) and is likely to achieve USD 9.28 billion by 2025.
The global market for dental appliances has been propelled by the rising geriatric population that faces different dental problems due to increasing age, increasing incidences of dental caries and other periodontal diseases, increasing demand for cosmetic dentistry for teeth alignment embellishment, and increasing dental tourism in emerging markets. In addition, some other trends that are likely to stimulate business growth are the technical developments in imaging and radiology that help cure dental disorders, the ingestion of unhealthy substances such as nicotine or alcohol that cause tooth loss, and an growing number of dental clinics and specialists that in turn create more demand for dental appliances. Another trend boosting demand growth is supportive government policies for dental hygiene. Governments in several countries have been implementing reforms for the improvement in dental health in recent years. High dental equipment costs might act as a restraint for the overall market at a global level.
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The global dental equipment market has been segmented based on product, treatment, and end user.
The product-based industry has been divided into dental radiology appliances, dental lasers, systems & components, laboratory robots, repair instruments for hygiene, and others.
The industry has been defined as orthodontics, endodontics, periodontics, and prosthodontics by care. Among both, the prosthodontic sub-segment is the highest in value terms and is expected to produce more business sales.
The industry was defined as hospitals & clinics, dental laboratories, and others, depending on end users. In these, the hospital segment is the main end-user in dental equipment and is projected to hold a substantial market share. This is attributed to the growth in patient numbers. In contrast to dental clinics, the bulk of dental operations are still carried out in hospitals.
The market has been divided by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Due to technological advances, an increasing geriatric population, an increase in the number of dentists and dental clinics, and an increase in the number of dental procedures, the market in America is projected to be the largest during the forecast period. In addition , market growth is expected to be driven by lenient regulations, an increase in medical tourism, and an increase in demand for dental procedures in different countries. In addition , other factors leading to regional development could be the rising number of partnerships between healthcare facilities and research organisations funded by research grants.
The market in Europe showed a considerable amount of growth. The favourable reimbursement situation, the increase in government spending on healthcare and the increase in the geriatric population can be related to demand growth in this region.
Due to the increasing demand for dental procedures, less stringent regulations, the adoption of innovative technologies and the increase in medical tourism, the Asia-Pacific market is expected to be the fastest in the worldwide dental equipment market. In addition, there has been an increase in oral cancers, such as oral cavity cancer and lip cancer. The incidence of oral cancer was one of the top three cancers in September 2018, according to the WHO.
Due to the increase in demand for dental procedures in the region, the Middle East & Africa market is expected to grow at a substantial rate.
The key players in global dental equipment market are Henry Schein, Inc., Danaher Corporation, Sirona Dental Systems, Dentsply International, Inc., Biolase Inc., Carestream Health Inc., GC Corporation, Patterson Companies Inc., Midmark Corporation, KaVo Dental, A-dec Inc., 3M, and Bien-Air Medical Technologies.
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