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Refurbished Dental Equipment & Maintenance Market Recent Developments Study Analysis
According to the report, 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. The refurbishment of dental equipment & maintenance is defined as repairing, recovering, and renovating of dental products and making it as good a new equipment. These products are available at affordable and lower costs than new dental equipment.
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The global refurbished dental equipment & maintenance market can be segmented into equipment and maintenance. In terms of equipment, the global 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.
Based on maintenance, the global 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. The cone beam computed tomography (CBCT) systems segment held major market share in 2020, owing to technological advancements and high cost of new systems.
Rise in Prevalence of Dental Conditions offers Significant Opportunities in Global Market
Rise in prevalence of dental diseases and increase in geriatric population suffering from dental conditions are anticipated to drive the global market during the forecast period. Oral diseases is considered a health burden at the global level, as these cause pain, discomfort, and disfigurement.
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According to WHO, in 2020, oral diseases affected around 3.5 billion people across the globe, with dental caries (tooth decay) in permanent teeth being the most prevalent condition assessed. According to the Centers for Disease Control and Prevention, in 2020, prevalence of periodontitis in the U.S. was around 47.2% in adults 30 years and above. Around 70.1% of adults of aged 65 and above are likely to suffer from periodontal diseases.
According to the Global Burden of Disease Study, in 2018, prevalence of periodontal disease ranged from 20% to 50% across the globe. According to NCBI, the prevalence of periodontitis disease in Poland was 62%, 60% in Malaysia (adult periodontitis), 56% in Libya, 53% in Iran, and other countries. These factors are projected to propel the global refurbished dental equipment & maintenance market during the forecast period.
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Refurbished Dental Equipment & Maintenance Market: Prominent Regions
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, followed by Europe and Asia Pacific. Increase in incidence of dental diseases, technological advancements, and presence of key players offering innovative refurbished dental equipment are anticipated to propel the refurbished dental equipment & maintenance market in North America during the forecast period. Moreover, presence of resellers and companies offering annual maintenance services of capital dental equipment augments the market in the region.
The refurbished dental equipment & maintenance market in Asia Pacific is expected to expand at a higher CAGR from 2021 to 2031. Rise in demand for repaired and refurbished dental equipment, presence of vendors & small players offering refurbished dental equipment, and higher prevalence of periodontal diseases are likely to boost the growth of the market in Asia Pacific over the next few years.
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Product Launch, Innovations by Key Players to Drive Global Market
The global refurbished dental equipment & maintenance market is fragmented in terms of number of players. The market is dominated by various small & large key players, who focus on implementing strategies such as launch of innovative refurbished dental equipment, mergers & acquisitions, expanding refurbished dental product offerings, and building distribution channel across the globe. Key players in the global market include Capital Dental Equipment, Renew Digital, LLC, North America Imaging Resources, DENTAL Equipment Liquidators, Inc., Dental Planet, LLC, Independent Dental, Inc., Collins Dental Equipment Co., Inc., A & K Dental Equipment, American Dental Refurbishment, Atlas Resell Management, Henry Schein, Inc., Pre-Owned Dental, Inc., and SPS Dental.
In November 2020, Capital Dental Equipment introduced a full line of Ray America products. Ray America has a presence across 14 countries with a prominent share of the market in the U.S. In 2019, Capital Dental Equipment introduced Rayscan Studio model, which is equipped with a technically advanced feature suitable to the needs of dental practice.
In September 2020, Independent Dental, Inc. introduced new products to improve the hygiene and safety of products for safe dental practice amid the COVID-19 pandemic. Atlas Resell Management created an eCommerce platform. The company is an expert in procuring & selling used endodontic equipment, including Sonendo Gentle Wave, which has created a wave in the endodontic procedures.
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