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Future Outlook of North America Dental Equipment Market Poised to Achieve CAGR of 10% by 2023 | Key Players - 3M ESPE, A-DEC, BIOLASE, CARESTREAM HEALTH, DANAHER CORPORATION, DENTSPLY INTERNATIONAL, GC CORPORATION
North America Dental Equipment Market HighlightsThe North America Dental Equipment market is expected to register a CAGR of around 10%, during the forecast period. Dental instruments are tools that dental professionals use to provide dental treatment. They include tools to examine, manipulate, treat, restore, and remove teeth and surrounding oral structures. Standard instruments are the instruments used to examine, restore, and extract teeth and manipulate tissues.
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Rising Demand for Cosmetic Dentistry
Despite considerable improvements in the oral health of the global population, problems persist in various regions of USA. Oral health problems, such as, dental caries and periodontal diseases are considered the most important oral health burdens worldwide. Dental caries, also known as cavities, are common and the prevalence of dental caries and its severity in children in USA was estimated to be very high. Dental caries is painful, expensive to treat, and can harm nutrition intake and overall health. In children, dental caries is particularly critical, as even after repair, the destroyed tooth structure exhibits increased vulnerability. The number of Americans aged 65 years and older is projected to more than double, from the present value of 46 million to over 98 million by 2060, and the 65-and-older age group’s share of the total population will rise to nearly 24% from 15%. Growing geriatric population and increasing rate of edentulous are expected to increase the burden of oral diseases in USA. This will act as driver for the market, along with other factors, like rising demand for cosmetic dentistry.
Key Developments in the Market
May 2017 u2013 FDA-cleared device u2018major innovation’ in dental prosthetics. The high performance polymer dental prosthetic device can potentially enable improved patient quality of life and efficiencies compared to metal
Major players-
3M ESPE, A-DEC INC., BIOLASE INC., CARESTREAM HEALTH INC., DANAHER CORPORATION, DENTSPLY INTERNATIONAL INC., GC CORPORATION, PATTERSON COMPANIES INC., PLANMECA OY, SIRONA DENTAL SYSTEMS INC. AND STRAUMANN, amongst others.
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Expanding Demand for Refurbished Dental Equipment
There exists a growing demand for refurbished dental equipment owing to the fact that a few companies provide excellent refurbishing services where the users see more value to invest in. Refurbished equipment in much cheaper and can be easily found in the market owing to the growing number of small scale companies investing into refurbished products. This along with other factors, such as high cost of advanced technologies pertaining to the field of dentistry will ultimately lead to the slowdown of the growth of this market.
North America to Witness Promising Growth
North America region is a fast growing dental equipment market across all other markets due to the health conscious population in US and Canada. It improves their overall dental health and oral hygiene. US holds the major share in the market because of the huge investment in the R&D, high expenditure in healthcare and increasing prevalence of dental ailments. Additionally, increasing government support and technological advances have fuelled the growth of US dental equipment market. Canada holds the less share of the market.
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