North American Dental Equipment Market Projected To Grow Radiantly at CAGR of 6.3% till 2023 – by Patterson Dental, Henry Schein, Dentsply Sirona, 3M, Straumann, Danaher Corporation, etc

The North American Dental Equipment Market is growing at a sound pace and is expected to grow at a CAGR of 6.23% during the forecast period 2017-2023. According to a recent study report published by the Market Research Future, the North America Dental Equipment market is expected to gain eminence over the forecast period. The market is forecasted to demonstrate a steady growth by 2023, surpassing its previous growth records in terms of value with a constant CAGR during the anticipated period (2017–2023).

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Over the last two hundred years, dentistry has made countless strides and also experienced a few setbacks globally. Though, the ultimate goal of the profession has always remained the same, which is to meet the treatment needs of the patient. Dental technology remains an important and valuable key in providing excellence patient care. The role of today’s dental specialist has extended and evolved to being a gatekeeper of new product information, advisor on new restorative materials, imaging devices and radiology techniques, advocate of new technologies to improve consistency, accuracy, and educator for improved chair side techniques.

According to the American Dental Association, in 2014, 52.3% of adults reported to visit the dentist in every six months, 15.4% reported once per year, and 11.0% reported once in every two to three years. The North American dental equipment market is majorly driven by increasing use of CBCT (Cone Beam Computed Tomography) in orthodontic diagnosis and treatment planning, and increasing prevalence of dental diseases.

Key Players for North American Dental Equipment Market

Market Research Future (MRFR) recognizes the following companies as the key players in North American Dental Equipment Market: There are plenty of large and small market players which operate in this market all over the globe.

Patterson Dental (US), Henry Schein (US), Dentsply Sirona (US), 3M (US), Straumann (Switzerland), Danaher Corporation (Switzerland), PLANMECA OY (Finland), Carestream Health, Inc.(U.S.), and Biolase Inc. (U.S.) and others are some of the prominent players at the forefront of competition in the North America Dental Equipment Market and are profiled in MRFR Analysis.

The market for dental equipment is characterised by the presence of several well-established and small players, the global market of dental equipment appears to be highly competitive and fragmented. Major players are increasingly expanding their footprint in the emerging nations, making it putting pressure on the regional players, especially in terms of features such as type, product portfolios, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The key players in the industry are adopting to compete with one another directly and indirectly with other ecosystem players.

To craft a reasonable impact in the market the companies are getting into various key activities. Out of product launches, partnerships & collaborations, and acquisitions are some of the major strategies adopted by the key players in this market.

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For instance, in May 2017; Dentsply Sirona Endodontics announced X-Smart IQ digital endodontics ecosystem and app. The system, complete digital ecosystem, redefines the endo experience at every stage of the procedure. The X-Smart IQ iOS app creates customizable treatment plans based on dental professionals’ preferred techniques. In addition, the app allows synchronization of future products and immediate updates, allowing the technology to grow with the dentist’s practice.

Furthermore, September 2016, 3M acquired Semfinder, a leading developer of precise semantic coding of medical services. The acquisition of Semfinder provides important new coding technology that will enable 3M to accelerate the availability of its 3M 360 Encompass System in countries adopting electronic medical records.

In August 2016, Henry Schein announced acquisition of 80% ownership of Marrodent, which is a full service dental distributer of Poland, thus marking Henry Schein’s entry into the dental market of Poland.

In April 2017, 3M Oral Care launches Filtek One bulk-fill restorative with one step placement. 3M Oral Care has launched 3M Filtek One, a bulk-fill restorative material designed for one-step placement without compromising esthetics. Bulk fill composites have become popular in recent years because of their simplicity and speed; and are faster, easier.

Key Findings:

Dental radiology equipment segment accounted for the largest market share of 32.6% in 2016. This market is expected to reach USD 1,577.7 million by 2023
Dental Sensor segment is expected to be the second largest market which is expected to grow at a CAGR of 6.45% during the forecast period 2017-2023
On the basis of region, U.S. accounted for the largest market share of 77.4% in the North America dental equipment’s market
The North America dental equipment’s market is expected to reach USD 5,107.2 million by 2023
Regional Analysis for North American Dental Equipment Market

North America region is a fast-growing dental equipment market across the globe owing to health conscious population in the countries representing this region. In the U.S., most people are health conscious and they pay more attention to dental health, which allow them to invest more in dental treatments. Thus, it improves their overall dental health and oral appearance. The U.S. holds the major share of the market owing to the huge investment in the research & development, high healthcare spending and increasing prevalence of dental diseases. Additionally, increasing government support and technological advances have fuelled the growth of the U.S. dental equipment market. Canada holds the less share of the market.

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This release was published on openPR.