The global dental equipment market is expanding at a sturdy pace, majorly due to advancements in several dental treatment procedures. Availability of improved technologies for conducting root canal treatment (RCT), and other similar dental procedures, has played an integral role in market growth. Furthermore, the changing lifestyles of the masses have been a major cause of deteriorating dental health on a global scale. Therefore, there is an urgent need to foster innovation and improvement across dental technologies. Several dentists have asserted the need for improved technologies for treatments. These dentists have pointed to key areas where there is lack of effective technology to expedite treatment. Therefore, availability of improved dental equipment is an important factor that contributes toward comprehensive development of the medical fraternity.
Need for agile and compact dental equipment has given a thrust to market growth. Several areas near the jaw and dental cavity are inaccessible by obsolete dental aids. Therefore, nimble technologies that can help in performing dental treatments with palpable ease are the top-most priority of medical experts. Furthermore, people from all age groups are equally prone to the incidence of dental disorders or problems. Therefore, the use of dental equipment of various sizes and grades has become a necessity for dentists around the world. Availability of dental equipment across surgical shops has emerged as a launch pad for the growth of market vendors.
Market Growth Rate to Remain Steady
Transparency Market Research (TMR) finds that the global dental equipment market held a value of US$7.6 bn in 2018. Furthermore, the CAGR of the global dental equipment market between 2012 and 2018 is tabulated at 4.70%. The growth of this market largely relies on improvements in the field of dental analysis, diagnosis, and treatment. The stellar demand for dental treatment amongst children and adolescents has created fresh opportunities for market growth.
In this report preview, Transparency Market Research decodes some of the leading factors responsible for market growth. The key segments pertaining to the global dental equipment market have also been enunciated herein.
Increasing Demand for Dental Lasers to Influence Growth of Overall Market
On the basis of product type, the global dental equipment market can be segmented into dental lasers, laboratory machines, and cone beam CT systems amongst others. The rising demand for dental lasers can be attributed to the increasing inclination of the masses toward non-invasive treatment lines. Dental chairs are an inherent part of all major clinics and dental-care units. Furthermore, the light cure equipment and dental torches are gathering immense popularity amongst dentists. There is little contention about the need for dental extraoral radiology in modern-day healthcare centers.
North America to Witness Paced Growth
On the basis of geography, the global dental equipment market can be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East. The stellar growth of the North American market can be attributed to advancements in healthcare analysis and treatment. Furthermore, medical reimbursements in the US are duly credited, and there are strict regulations and ordinances to effectuate them.
Some of the key vendors covered in the report by TMR are Sirona Dental Systems Inc., Ivoclar Vivadent AG, Straumann, Dentsply International Inc., and Biolase Inc.
Global Dental Equipment Market: Overview
Dentistry, for the presumption that it seldom is life-threatening, may be considered secondary to several other segments of medical sciences but there is a growing awareness among end-users about clean teeth not only for health but aesthetical reasons. Researchers are continuously working on new technologies in the field of dentistry and hence, the future of the global market for dental equipment looks bright. This research study projects the global dental equipment market, which was valued at US$5.5 bn in 2011, to grow at a CAGR of 4.7% to reach a valuation of US$7.6 bn by 2018.
Dental Equipment Market: Trends and Opportunities
The market for dental equipment is continuously growing on the back of technological advancements in the field of dentistry. For instance, digital x-rays are now enabling faster results and also contain less radiation than traditional x-rays while VELscope is a special type of light that dentists shine in a patient’s mouth to detect abnormalities. Moreover, products such as Invisalign have given patients the option of practically invisible braces that can gently straighten teeth. Likewise, lasers are now being used to eliminate discomfort in a number of dental procedures.
Another growing trend in the market for dental equipment is the extended use of dentistry in the cosmetic field. This refers to any dental work that improves the appearance of a person’s teeth, gum, and bite. Termed as dental aesthetics, this advancement primarily focuses on improving color, position, alignment, shape, size, and overall appearance of a person’s smile. All of these technological advancements in the field of dentistry, a worldwide aging population, and growing awareness among younger end users augurs well for the future of the dental devices market.
Conversely, the report also notes that the use of refurbished dental equipment and relatively high costs of advanced dental equipment are premier restraint in the market. The levying of taxes on certain classes of dental equipment coupled with the growing awareness about the use of fluoridation to prevent dental decay is also expected to adversely affect the global market for dental equipment.
Global Dental Equipment Market: Region-wise Outlook
North America constitutes the largest market for dental equipment at the global level because of several factors. For example, there is a high prevalence of dental caries among the population of countries such as U.S. and Canada. According to a report by WHO, in North America in 2011, the decayed, missing, and filled teeth (DMFT) count was estimated at 2.35 among children aged 12 years. Moreover, consumers in North America spend a substantial amount of money on cosmetic dental procedures. The American Academy of Cosmetic Dentistry states that people in the U.S. spend approximately US$2.75 bn annually on cosmetic dental procedures.
Europe contributes to a fairly large market for dental equipment as well its share stood at 35% of the global market as of 2011. The report finds that large populations of Asia Pacific will continue to drive the dental equipment market steadily over the forecast period while North America will continue to lead.
Companies Mentioned in the Report
To provide a thorough overview of the competitive landscape, the report profiles some of the prominent names in the global dental equipment market. The entities profiled in this report include: 3M ESPE, A- Dec Inc., Biolase Inc., Carestream Heath, Inc., Danaher Corporation, Dentsply International Inc., GC Corporation, Henry Schein, Inc., Hu- Friedy Mgf Co., Ivoclar Vivadent AG, Midmark Corporation, Patterson Companies Inc., Planmecaoy, Sirona Dental Systems Inc., Noble Biocare, and Straumann. Out of these, the Danaher Corporation accounted for the highest share of the global dental equipment market revenue in 2011 due to the company’s wide-ranging product portfolio.
Key Segments of the Dental Equipment Market
- Dental Equipment Market, by Product Type
- Dental Radiology Equipment
- Digital x-ray units
- Digital Sensors
- Analog (film based)
- Dental Lasers
- Diode Lasers
- Quantum well lasers
- Distributed feedback lasers
- Vertical cavity surface emitting lasers
- Heterostructure lasers
- Quantum cascade lasers
- Separate confinement heterostructure lasers
- Vertical external cavity surface emitting lasers
- Carbon Dioxide Lasers
- Yttrium Aluminum Garnet Lasers
- Diode Lasers
- Systems & Parts
- Instrument Delivery systems
- Vacuums & Compressors
- Cone Beam CT Systems
- Cast Machine
- Furnace and Ovens
- Electrosurgical Equipment
- Other system and parts
- Laboratory Machines
- Ceramic Furnaces
- Hydraulic Press
- Electronic Waxer
- Suction Unit
- Micro Motor
- Hygiene Maintenance Devices
- Air Purification & Filters
- Hypodermic Needle Incinerator
- Other Equipment
- Hand Piece
- Light Cure
- Scaling Unit
- Dental Equipment Market, by Geography
- North America
- Rest of the World (RoW)
- Dental Radiology Equipment
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments