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Dental Equipment Market to Expand at a CAGR of 3.3% from 2021 to 2028

08-19-2022 01:38 PM CET | Health & Medicine

Press release from: Transparency Market Research

Dental Equipment Market Outlook 2028

• The global dental equipment market was valued at US$ 6.6 Bn in 2020

• It is estimated to expand at a CAGR of 3.3% from 2021 to 2028

• The global dental equipment market is expected to reach the value of US$ 8 Bn by the end of 2028

Report Overview: https://www.transparencymarketresearch.com/dental-devices-market.html

Advancements in Technology in Dental Care Treatment Boost Market Growth

The changing lifestyles of the masses have been a major cause of deteriorating dental health on a global scale. Moreover, there is an urgent need to foster innovation and improvement across dental technologies. There is an increasing adoption of improved technologies for dental treatments.

Dentists have pointed to key areas where there is lack of effective technology to expedite treatment.

Therefore, the availability of improved dental equipment is an important factor that contributes to the comprehensive development of the medical fraternity. In addition, people of all age groups are equally prone to the dental disorders. This has led to rise in demand for dental equipment of various sizes and grades. The availability of dental equipment across surgical shops has emerged as a launch pad for the growth of market vendors. The stellar demand for dental treatment among children and adolescents has created fresh opportunities for market growth.

Increasing Popularity of Dental Lasers to Drive Global Market

There is a rising demand for dental equipment such as dental lasers, laboratory machines, and cone beam CT systems, etc. across the globe. The rising demand for dental lasers can be attributed to the growing inclination of the masses toward non-invasive treatment lines. Dental chairs are an inherent part of all major clinics and dental-care units. The light cure equipment and dental torches are gathering immense popularity among dentists.

There is an increasing need for agile and compact dental equipment across the globe. Several areas near the jaw and dental cavity are inaccessible by obsolete dental aids. Thus, nimble technologies that can help in performing dental treatments are popularly being used by dentists and medical experts.

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North America Shows Profitable Opportunities Due to Rising Dental Procedures
North America is expected to account for the largest share of the global dental equipment market due to technological advancements, increase in geriatric population, and adoption of dental equipment by physicians.

In addition, rise in patient population suffering from dental conditions, increase in popularity of dental cosmetic surgeries, and lucrative presence of top market players in the region are some of the factors driving the North America dental equipment market.

There is a surging demand for innovative dental equipment that offers excellent flexibility, efficiency, and reliability. Asia Pacific manufacturers are gaining competitive benefits in the global dental equipment market due to rising dental disorders and RCT in people.

Improvement in healthcare infrastructure and rise in awareness about health are factors driving the expansion of the global market. Emerging economies such as India and China hold potential growth opportunities, owing to rising adoption of advanced dental equipment by dentists.

Dental Equipment Market: Overview

• Dental devices find applications in a dental office for diagnosis and treatment of various dental ailments. The global dental equipment market is driven by advancements in diagnostics and treatment technologies. Additionally, rise in awareness about the role of dentistry in aesthetics boosts the growth of the global market.

• Dental equipment include dental patient chairs, dental lasers, X-ray imaging equipment, sterilization equipment, handpieces, vacuums & compressors, cone bean CT systems, cast machine, furnace & ovens, electrosurgical equipment, CAD/CAM, ceramic furnaces, hydraulic press, electronic waxer, sterilizers, air purification & filters, and others.

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Dental Equipment Market: Key Drivers

• Technological advancements, increase in geriatric population, adoption of dental equipment by physicians, rise in patient population suffering from dental conditions, growth of the dental cosmetic industry, and presence of prominent players are projected to propel the global dental equipment market during the forecast period. According to CDC data, one in four adults, which account for 26% adults in the U.S., have untreated tooth decay condition.

According to CDC data, 46% of the U.S. adults aged above 30 is likely to show symptoms of gum diseases. These statistics are likely to propel the demand for dental equipment across the globe. Increase in the geriatric population would require more dentists to cater to their dental care needs. This in turn is likely to augment the global dental equipment market.

• The global geriatric population is expected to increase due to rise in disposable income of people globally, increase in health & wellness awareness, and surge in number of improved healthcare products and facilities worldwide.

Decline in fertility and improved longevity are prominent factors for large geriatric population ratio. Based on United Nations Report 2017, the geriatric population aged 60 years & above is expected to double by 2050. The number is likely to reach 2.1 billion by 2050 as against 962 million in 2017. The geriatric patient pool in developing regions such as Latin America, Asia, and Africa is projected to rise rapidly.

For instance, the number of geriatric people in developing regions is estimated to increase by 154% between 2017 and 2050, exceeding 1.6 billion by 2050.

• Moreover, an increasing number of baby boomers are vulnerable to dental disorders, which is anticipated to drive the demand for dental equipment across the globe

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Market Segmentation: Dental Equipment Market

• In terms of product type, the global dental equipment market has been classified into dental radiology equipment, dental lasers, systems & parts, laboratory machines, hygiene maintenance devices, and other equipment

• The systems & parts segment accounted for the largest share of the global dental equipment market due to their increase in usage in dental procedures such as diagnostics utilizing cone beam CT systems and treatment utilizing electrosurgical equipment, vacuum compressors.

Moreover, increase in adoption of cone beam CT systems and CAD/CAM is expected to propel the segment during the forecast period.

• Dental radiology equipment accounted for the second largest market share in 2020, owing to its ability in detection of the pathology, assessment of the dental diseases, optimal treatment options, and monitoring the condition of patients pretreatment

• Each of the segments has been analyzed in detail for market trends, recent trends, and developments, drivers, restraints, opportunities, and useful insights. The dental equipment market report provides current and expected revenue (US$ Mn) for each of these segments from 2021 to 2028, considering 2020 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2021 to 2028 along with market size estimations.

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Regional Overview: Dental Equipment Market

• North America accounted for the largest share of the global dental equipment market in 2020 and the trend is projected to continue during the forecast period. According to WHO, the prevalence of dental caries is the highest in North America with a DMFT (Decayed, Missing, Filled Teeth) count higher in younger patients. This increases the need of dental treatment, which in turn is anticipated to propel the global dental equipment market.

• According to the American Academy of Cosmetic Dentistry (AACD), people in the U.S. spend around US$ 2.75 Bn on cosmetic dental procedures each year. Teeth whitening, cavity treatment, enamel abrasion, tooth bleaching, dental bonding, cosmetic dental veneers, cosmetic dental implants, and cosmetic crown implants. This drives the need of dental equipment, which is expected to augment the market in the region.

Higher per capita income of the region enables the people to afford expensive cosmetic dental procedures. According to research, titanium is widely used in the production of dental implants.

In the U.S., 92% of dental implants are manufactured from titanium. This is likely to propel the dental equipment market in North America. Moreover, direct reimbursement policy in the U.S. has made dental treatment more accessible to its citizens.

• The market in Asia Pacific is projected to grow at a rapid pace in the next few years, owing to rise in prevalence dental & tooth diseases, large geriatric population that is susceptible to dental diseases, established independent clinics & hospitals, availability of technologically advanced dental equipment, and presence of international & domestic players offering dental equipment

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Major Players

• The dental equipment market report concludes with the company profiles section, which includes key information about major players in the global dental equipment market

• Leading players analyzed in the report include

o 3M
o A-dec, Inc.
o Biolase, Inc.
o CareStream Heath, Inc.
o Envista Holdings Corporation
o Dentsply International, Inc.
o GC Corporation
o Henry Schein, Inc.
o Hu-Friedy Mfg. Co.
o Ivoclar Vivadent
o Midmark Corporation
o Patterson Companies, Inc.
o PlanmecaOy
o Sirona Dental Systems, Inc.

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About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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Transparency Market Research Inc.
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