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Increase in Number of Individuals with Oral Disease Influences Demand for Dental Equipment

For people starting a new dental practice, buying necessary equipment can be struggling and complex. They need to identify the right tools and make sure it fits in their budget. Equipment such as digital image equipment, supplies, and structural upfit can cost new dental practices over US$ 500,000. As most new dental practices have a limited budget to purchase dental equipment, considering alternatives can be a suitable solution. The most trending alternative at present is to buy refurbished dental equipment. These products are usually more affordable than brand new retail-priced items and tend to have a great return on expenditure. This is likely to drive the refurbished dental equipment & maintenance market.

People with oral diseases have to go through pain, discomfort, and disfigurement unless they visit an expert to diagnose and treat. Various studies conclude that more than 3 million people around the world are affected by oral diseases just in the year 2020. With growing interest of public in several types of food and beverages, the number is likely to increase in the upcoming future. Thus, a rise in the prevalence of dental diseases and an increase in the geriatric people suffering from oral conditions are anticipated to drive the global refurbished dental equipment & maintenance market during the forecast period.

refurbished dental equipment & maintenance market infographic

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Rise in Dental Practitioners Fuels Demand for Refurbished Dental Equipment

The refurbished dental equipment can save cost and work as efficiently as a new product. Simple products such as dental patient chairs can have high gains and a notable return on investment. However, it can be expensive for many to start the practice. On the other hand, a refurbished chair can cost half that price or more with the same endurance and work. Moreover, products including the dental X-ray machine can be most expensive when starting a new dental practice or replacing an old one. It works the same for other digital units where expenses can be more to buy or replace equipment. Thus, refurbished dental equipment can make a business run on a limited budget with full capacity. The increasing number of dental clinics across the world is anticipated to drive the refurbished dental equipment & maintenance market during the forecast period.

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Restrictions on Manufacturing New Products Drives Global Market

The COVID-19 pandemic has had a significant impact on the dentistry industry, with various factors limiting the sales in the refurbished dental equipment & maintenance market. The largest impact of the pandemic on dental practices across the world has been the drop in revenue. As the virus rapidly spread across the world, dental surgeons were at the highest risk of contracting and transmitting the disease, alongside paramedics, nurses, and other healthcare workers. Hence, dental clinics in most countries have been shut for several months. Dental clinics have faced the financial curve going down and manufacturing units shutting down, markets globally have witnessed a growth in the demand for refurbished products. Moreover, with insufficient funds, many dentists are likely to adopt refurbished products to keep their facilities working. This is anticipating increased demand in the upcoming future.

As we approach the end of the pandemic, dental professionals are preparing to implement new ways to attract customers as soon as the pandemic ends and the market opens to normal. With governments in various nations presently authorizing precautious dental practices, the demand in the refurbished dental equipment & maintenance market is expected to grow shortly. However, it is recommended to be very careful as even a small slip in following protocols and taking precautions can prove to be risky.

Asia Pacific to Witness Rapid Increase in Demand for Refurbished Dental Equipment

The global refurbished dental equipment & maintenance market was dominated by North America in 2020. Growing number of dental disorders, improvements in dental equipment, and large healthcare brands entering the competition are fueling the demand for refurbished dental equipment in the North American region. Furthermore, the rising demand for repaired and refurbished dental equipment, the presence of vendors and domestic competition offering refurbished dental equipment, and the growing population rate in Asia Pacific are expected to propel the market in the region during the forecast period. The global refurbished dental equipment & maintenance market is projected to expand at a high CAGR from 2021 to 2031.

refurbished dental equipment & maintenance market segmentation

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Analysts’ Viewpoint

Growing prevalence of dental diseases and other periodontal disorders, rising demand for dental care facilities and dental surgical methods, and increasing number of dental care workers using technologically advanced equipment are some of the key factors fueling the growth of the refurbished dental equipment & maintenance market. Moreover, governments and other businesses are taking numerous initiatives to increase awareness among people about dental disorders, especially in old age. Furthermore, the increasing demand for technically advanced dental products at affordable cost and the adoption of laser dental devices and 3D cone beam imaging technology are some other factors contributing to the growth of the refurbished dental equipment & maintenance market.

Refurbished Dental Equipment & Maintenance Market: Overview

  • The global refurbished dental equipment & maintenance market was valued at US$ 7 Bn in 2020 and is projected to expand at a high CAGR from 2021 to 2031. Rapid adoption of refurbished dental equipment and presence of companies offering refurbished dental maintenance drive the global refurbished dental equipment & maintenance market.
  • Refurbishment of dental equipment is defined as renovating or restoring the equipment making it as good as a new product. Refurbished dental equipment offer benefits to companies in terms of enhanced technical performance and lower cost. Refurbished dental equipment are available at prices 30% lower than new dental equipment.
  • The refurbishment process of dental equipment is conducted in compliance with highest standards, thereby maintaining and offering quality refurbished dental products. Refurbished dental equipment is considered an alternative to new equipment. Lower cost of refurbished dental equipment aids small & medium healthcare organizations in providing advanced treatments at affordable rates.

Refurbished Dental Equipment & Maintenance: Market Segmentation

  • The global refurbished dental equipment & maintenance market has been segmented based on equipment, maintenance, and region
  • In terms of equipment, the global refurbished dental equipment & maintenance market has been classified into X-ray systems, cone beam computed tomography (CBCT) systems, intraoral scanners & cameras, dental lights, dental chairs, dental handpieces, Chairside CAD/CAM systems, and others. The cone beam computed tomography systems segment accounted for major market share in 2020, as the system is more accurate, efficient, and technically advanced. Moreover, adoption of refurbished 3D CBCT systems is anticipated to boost the growth of the segment during the forecast period. CBCT systems are expensive and refurbishment of these systems increases the affordability by 50%, which is expected to propel the segment over the next few years.
  • Based on maintenance, the global refurbished dental equipment & maintenance market has been categorized into X-ray systems, cone beam computed tomography (CBCT) systems, intraoral scanners & cameras, dental lights, dental chairs, dental handpieces, chairside CAD/CAM systems, and others. Yearly maintenance of chairside CAD/CAM systems is important, and various manufacturers offer maintenance service of CBCT systems.

Refurbished Dental Equipment & Maintenance Market: Regional Segmentation

  • In terms of region, the global refurbished dental equipment & maintenance market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global refurbished dental equipment & maintenance market in 2020. This can be ascribed to rise in cases of dental diseases, increase in geriatric population, surge in usage & awareness about refurbished dental products, and presence of companies & resellers offering refurbished products & services. Presence of OEMs and third-party refurbishers in North America is projected to fuel the growth of the refurbished dental equipment & maintenance market in North America during the forecast period.
  • The market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period. Rise in prevalence of orthodontic diseases, large geriatric population across countries in the region, increase in the adoption of refurbished dental equipment, and presence of resellers in countries such as China, Japan, and India are expected to boost the growth of the refurbished dental equipment & maintenance market in the region during the forecast period. Improvement in healthcare infrastructure, rise in private & public investment in public healthcare, and technological advancements are likely to propel the refurbished dental equipment & maintenance market in Asia Pacific from 2021 to 2031.

Refurbished Dental Equipment & Maintenance Market: Major Players

  • Key players operating in the global refurbished dental equipment & maintenance market include
  • American Dental Refurbishment
    • Atlas Resell Management
    • A & K Dental Equipment
    • Capital Dental Equipment
    • Collins Dental Equipment, Inc.
    • DENTAL Equipment Liquidators, Inc.
    • Dental Planet, LLC
    • Henry Schein, Inc.
    • Independent Dental, Inc.
    • North America Imaging Resources
    • Pre Owned Dental, Inc.
    • Renew Digital, LLC
    • SPS Dental
  • These players focus on adopting various strategies to expand product offerings and to strengthen geographic presence. Technological advancements, expansion of product portfolio, strengthening geographic presence, merger & acquisition, dental equipment refurbishment, launch of new products, collaboration with vendors & suppliers across countries, and extending refurbished maintenance services to the customers across the globe are factors likely to drive the global market.

Refurbished Dental Equipment & Maintenance Market – Scope of Report

TMR’s report on the global refurbished dental equipment & maintenance market studies the past as well as current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2021 to 2031. The report provides the overall revenue of the global refurbished dental equipment & maintenance market for the period of 2017–2031, considering 2020 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global refurbished dental equipment & maintenance market for the forecast period.

The report has been prepared after an extensive research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global refurbished dental equipment & maintenance market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts also employed a combination of top-down and bottom-up approaches to study various phenomena in the global refurbished dental equipment & maintenance market.

The report comprises an elaborate executive summary, along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study. Additionally, the report sheds light on the changing competitive dynamics in the global refurbished dental equipment & maintenance market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the global refurbished dental equipment & maintenance market. The next section of the global refurbished dental equipment & maintenance market report highlights the USPs, which includes, import scenario of refurbished medical devices, good refurbishment practices for dental equipment, regulatory scenario of refurbished dental equipment, and COVID-19 pandemic impact on the global refurbished dental equipment & maintenance market.

The report delves into the competitive landscape of the global refurbished dental equipment & maintenance market. Key players operating in the global refurbished dental equipment & maintenance market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players profiled in the global refurbished dental equipment & maintenance market report.

Key Questions Answered in Refurbished Dental Equipment & Maintenance Market Report

  • What are the sales/revenue generated by refurbished dental equipment & maintenance across the globe during the forecast period?
  • What are the key trends in the global refurbished dental equipment & maintenance market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which refurbished dental equipment & maintenance segment will have the highest revenue by 2031 and which segment will grow at the highest CAGR during the forecast period?
  • Strengths and weakness of major players in 2020
  • Competitive analysis of major players in 2020

Refurbished Dental Equipment & Maintenance Market – Research Objectives and Research Approach

The comprehensive report on the global refurbished dental equipment & maintenance market begins with an overview of the market, followed by the scope and objectives of the study. Following this, the report provides detailed explanation of the objectives of the study and health care compliances laid down by accredited agencies in the purview of research in the global refurbished dental equipment & maintenance market. It is followed by market introduction, market dynamics, and an overview of the global refurbished dental equipment & maintenance market, which includes TMR analysis of market drivers, restraints, and trends affecting the growth of the market. Furthermore, Y-o-Y analysis with elaborate insights has been provided to understand the Y-o-Y trends of the global refurbished dental equipment & maintenance market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed in the compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

Revenue generated by key product manufacturers has been mapped to ascertain the size of the global refurbished dental equipment & maintenance market in terms of value. The forecast presented here assesses the total revenue generated in the global refurbished dental equipment & maintenance market. In order to provide an accurate forecast, we initiated by sizing up the current global refurbished dental equipment & maintenance market with the help of the parent market.

The report analyzes the global refurbished dental equipment & maintenance market in terms of equipment, maintenance, and region. Key segments under each criteria have been studied at length, and the market share for each of these at the end of 2031 has been provided. These valuable insights would help market stakeholders in making informed business decisions for investments in the global refurbished dental equipment & maintenance market.

Refurbished Dental Equipment & Maintenance Market – Segmentation

Equipment
  • X-ray Systems
  • Cone Beam Computed Tomography (CBCT) Systems
  • Intraoral Scanners & Cameras
  • Dental Lights
  • Dental Chairs
  • Dental Handpieces
  • Chairside CAD/CAM Systems
  • Others
Maintenance
  • X-ray Systems
  • Cone Beam Computed Tomography (CBCT) Systems
  • Intraoral Scanners & Cameras
  • Dental Lights
  • Dental Chairs
  • Dental Handpieces
  • Chairside CAD/CAM Systems
  • Others
Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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