According to a new research study by Transparency Market Research (TMR), the global dental chairs market is characterized by technological innovations. The strategic alliances among international and domestic companies is another emerging trend in this market. The leading suppliers of dental chairs across the world, such as Danaher, A dec Inc., DentalEZ Inc., Dexta Corp., Dome Inc., are increasingly involving into mergers, acquisitions, and tactical partnerships in an effort to strengthen their foothold in the global market. Over the next few years, the market is anticipated to witness intense rivalry between the vendors, competing on the basis of innovation in products and price differentiation, notes the research study.
Rising Prevalence of Oral Diseases to Influence Demand for Dental Chairs
“With the tremendous rise in the prevalence of oral (gum and teeth) diseases across the world, the global dental chair is experiencing a remarkable surge in its valuation and size,” says a researcher at TMR. The advancements in the medical and healthcare infrastructural, worldwide, is also propelling the growth of this market substantially. However, the dearth of ergonomic features may limit the adoption of these chairs, reflecting negatively on their sales and, subsequently, on the market in the years to come.
Nonetheless, the advancements technology and the rising awareness level of people pertaining to the overall oral health and hygiene is projected to boost this market over the next few years. As per the research study, the opportunity in the worldwide market for dental chairs is estimated to attain a value of US$455.5 mn by the end of 2017. The market is poised to further increase at a CAGR of 3.90% during the period from 2017 to 2022 and rise to US$551.8 mn by the end of the period of the forecast, states the market report.
Rising Patient Pool to Ensure Dominance of Europe Dental Chair Market
The Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), North America, Europe, and Japan have surfaced as the primary regional markets for dental chairs across the world. Europe, among these, has acquired the leading position in the global market. Analysts at TMR predict this regional market to maintain its dominance over the forecast period, creating an absolute opportunity worth US$27.9 mn. The Europe market for dental chair is anticipated to gain significantly from the rising pool of patients suffering from tooth and gum-related problems and the increasing number of laboratories over the next few years.
Oral surgery dental chairs have been witnessing a comparatively higher demand from consumers across the world. Researchers predict this trend to remain so in the years to come. However, other types of dental chairs will also report a steady rise in their demand. Hospitals and clinics will continue registering a higher demand for dental chairs, globally, over the forthcoming years, notes the research study.
The review is based on a report by Transparency Market Research (TMR), titled “Dental Chair Market (Product Type - Examination Dental Chairs, Oral Surgery Dental Chairs, Orthodontic Dental Chairs, and Portable Dental Chairs; End User - Hospitals, ASCs, and Clinics; Source Type - Powered Dental Chair and Manual Dental Chair) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2022.”