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Dental Equipment and Consumables Market to hit $32 Bn by 2024| Prominent Players: Carestream Dental, Danaher Corporation, Dentsply Sirona, GC Orthodontics America Inc.
Dental Equipment and Consumables Market
Rising geriatric population prone to dental disorders will act as significant impact rendering factor. Common dental disorders in older populations such as sensitivity, periodontitis and dental caries are substantially increasing. According to the American Dental Association, approximately 30% of elderly people aged 65 years and above suffer from xerostomia (dry mouth). Geriatric population that possess higher risk due to gingival recession, restorations and other factors will drive the Dental Equipment & Consumables Market growth.
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Dental consumables segment held the largest revenue of USD 13.8 billion in 2017 owing to increased use of dental prosthetics, endodontics products and syringes. Rise in number of dental procedures has surged the demand for anesthetics and prosthetics. Affordability and readily available prosthetics such as crowns and dentures will positively impact segment growth. Dental prosthetics held largest revenue share of 41.1% among other consumables in 2017. Large demand of fixed as well as removable prosthesis due to increasing number of people with missing teeth and periodontal diseases will significantly impel the segment growth in forthcoming years.
Dental clinics estimated to be the largest revenue generating segment, growing at a remarkable 6.3% CAGR from 2018 to 2024. Affordability and convenience form the major factors driving dental clinics segment growth. Moreover, usage of advanced technology in treatment and diagnosis of dental disorders as well as improved efficiency has increased number of visits in dental clinics. Rising number of new dental facilities will boost the demand and patient visits to dental clinics during forecast timeframe.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• A-dec Inc.
• BIOLASE, Inc.
• Carestream Dental
• Danaher Corporation
• Dentsply Sirona
• GC Orthodontics America Inc.
• Henry Schein
• Kerr Corporation
• Midmark Corporation
• Patterson Companies
• Straumann Australia
• Zimmer Biomet Dental
• AMD LASERS, an AMD GROUP LLC company
The advent of technology and advanced medical therapies have brought about a commendable transformation in dental equipment & consumables market in recent years. Given the extensive proliferation of innovative tech breakthroughs in the medical space, it does not quite come as a surprise that companies partaking in dental equipment & consumables industry share have been vying with one another, striving to bring forth a range of enviable, high grade dental components.
An instance justifying the aforesaid is that of the notable dental equipment & consumables market player, Nobilium which announced that its special, RFID-enabled denture identification system has been cleared by the U.S. FDA, and will be commercialized in the coming months. Nobilium basically developed this high-tech product to help nursing facilities ably meet the regulatory standards prescribed for denture care. Apparently, the RFID technology embedded in the rear part of the denture would help identify false teeth from the point of manufacture, owing to which caregivers would be able to link them with the right patient. The system is anticipated to bring about a massive transformation in the perception of dental prosthetics, which would eventually impact dental equipment & consumables market outlook.
It has been observed that most of the developed economies have been witnessing a massive spike in the number of dental surgeries and implants lately, thereby leading to a rise in the demand for high quality dental components. As per the American College of Prosthodontics, over 36 million Americans do not have any teeth, while 120 million of the U.S. populace are missing at least one tooth. These statistics bear evidence to the fact that the United States would continue to remain a major hub for dental equipment & consumables market in the years ahead.
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Dental Equipment & Consumables Market, By Product
Equipment:
Dental Lasers
Dental Radiology Equipment
Laboratory Machinery
Systems and Parts
Hygiene Maintenance
Consumables:
Dental Prosthetics
Dental Anesthetics
Dental Prosthetics
Dental Syringes
Endodontics
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