02-08-2019 09:11 PM CET - Business, Economy, Finances, Banking & Insurance

Dental Equipment & Consumables Market Size Detail Analysis focusing on Key Players like A-Dec, AMD Lasers, BioLase, Carestream Dental, Danaher Corporation, Dentsply Sirona, Henry Schein, GC Orthodontics, Kerr Corp, Patterson Companies, Planmeca OY, Straum

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The ‘Dental Equipment & Consumables market’ research collated by Market Study Report, LLC, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors.

Dental Equipment & Consumables Market will exceed USD 32 billion by 2024; as per a new research report.

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Increasing prevalence of dental health problems worldwide will expand the dental equipment & consumables market over the forecast period. According to World Health Organization, around 60-90% of school children have dental cavities leading to discomfort and pain. Growing incidences of dental disorders will fuel the demand for dental treatment thereby, accelerating adoption rate of dental equipment and consumables. Moreover, various initiatives to increase awareness regarding oral health care among people will fuel industry growth throughout the forecast timeframe.

Growing demand for cosmetic dentistry coupled with technological advancements in CAD/CAM technology will serve to be another impact rendering factor in the growth of dental equipment and consumables market. Availability of various treatments such as teeth whitening, gum contouring, porcelain veneers, dental bonding, smile makeovers and realignment will increase the demand for cosmetic dentistry thereby augmenting the growth of dental equipment and consumables market. Furthermore, adoption of CAD/CAM restorations that are more durable, natural looking and better in fitting, as compared to machined restorations will spur the market in the foreseeable future.

However, excessive cost of treatment and lack of affordability in developing countries such as Brazil, India and China may impede the industry growth during the forthcoming years. Dearth of dentists in developing countries will restrain the market growth to some extent throughout the analysis period.

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Consumables segment accounted for the largest revenue share in 2017 and is estimated to witness 6.5% CAGR from 2018 to 2024 due to increasing prevalence of dental diseases such as tooth decay, gum diseases and other periodontal diseases. Rising demand for minimally invasive (MI) procedures and growing adoption of aesthetics in dental treatments will drive the segment growth. Moreover, increasing demand for dental implants, majorly for upper jaw will increase the uptake of dental procedures thereby augmenting the segment growth over the analysis timeframe.

Dental clinics segment held the largest revenue share of USD 8.3 billion in 2017 due to increasing demand for orthodontic and other dental treatments. Dental clinics are equipped with precise equipment and consumables for offering different treatments. Growing consumer awareness pertaining to oral healthcare, availability of cost-effective dental surgeries and development of novel dentistry technologies will augment the market share of the dental clinics segment.

U.S. dental equipment & consumables market was valued at USD 7.6 billion in 2017 and will continue to grow throughout the analysis period. Availability of advanced healthcare infrastructure, demand for advanced technologies as well as awareness among people regarding oral healthcare will drive the regional growth. Furthermore, increasing geriatric population base prone to various dental diseases will augment the need for dental treatment thereby upsurging the industry growth.

Some of the notable industry players of global dental equipment & consumables market are A-Dec, AMD Lasers, BioLase, Carestream Dental, Danaher Corporation, Dentsply Sirona, Henry Schein, GC Orthodontics, Kerr Corp, Patterson Companies, Planmeca OY, Straumann Holdings, 3M Company, Zimmer Dental and Midmark Corporation. Major players operating in dental equipment and consumables market are primarily focusing on developing innovative products and technologies to diversify the product portfolio for treatment of various dental disorders. For instance, GC Orthodontics launched Cerasmart glidewell in office milling, a unique dental material that consists of the attributes possessed by a composite and high strength ceramic. This strategy aimed at enhancing the company?s product portfolio.

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