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Dental Equipment Market Growth Projection; Sales Volume and Average Selling Price

10-31-2022 09:39 AM CET | Health & Medicine

Press release from: Strategic Market Research

Dental Equipment Market Growth Projection; Sales Volume

The dental market was poised at $6.6 billion in 2020, but it is estimated to reach approximately $20 billion by 2030. Dentists use dental instruments to treat patients. Instruments are used for inspecting, operating, treating, and removing teeth of the people. Due to changing lifestyles, the growing geriatric population is causing a rise in oral health diseases. People's awareness and dental tourism are the major fuel for market growth. Innovations and artificial intelligence are coming into the landscape of the dental market in various forms, such as remote smartphone scanning and image benchmarking. By analyzing patient data using AI, a dentist can apply personalized treatment based on patient symptoms for optimal outcomes.

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Dental Equipment Market Insights

• North America is the leading dental market player occupying almost 42% of the market share in 2021. The top companies in North America are Carestream Health, Inc., Biolase, Inc, Danaher Corporation, and Ivoclar Vivadent AG.
• The dental diagnostic and surgical equipment provided the maximum revenue in 2021.
• Patterson Companies Inc., one of the prominent players in the dental equipment market, generated revenue of $2.3 billion from the dental industry, in which 31% of revenue came from the dental equipment market with a CAGR of 8% compared to last year, and 56% earnings came from the consumable product.
• Straumann invested CHF 5 million in August 2021 to acquire Medical technologies 21LLC, a well-established Russian-based distributor of the dental implant system, as Straumann estimates it remained the leader in implantology in the US.

Dental Equipment Market Dynamics

Demand for cosmetic dentistry, increase in requirement for agile and precise diagnosis, and decreasing cost price of imaging technologies provides incentives to the market to grow. Dental laboratories are investing in computer-based technology such as CAM and CAD, which will open new doors for the dental market. Due to the rise of AI, many software tools have come onto the market; for instance, software platforms can process digital x-rays, benchmark them, and compare them to millions of other images to find the real cause of the disease or where the disease is located. Improvements in radiography have also led to new businesses expanding and strengthening their position in the market. Chat-bot technology is making drastic changes in the dental market as it can provide services 24*7. 51% believe professional business services should be available 24 hours a day, and 71% believe on-time treatment equals good services. The Global healthcare chat-bot is expected to grow from nearly $116 million in 2018 to $345 million in 2026 with a CAGR of 14.5%.

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Dental Equipment Market: A thorough Segmentation Analysis

The global Dental Equipment market segmentation has been done on the basis of product-type and region.
By Product Type

• Dental Radiology Equipment

• Intra-Oral
 Digital Sensors
 Digital X-ray Units

• Extra-Oral

 Analog Units
 Digital Units
• Dental Lasers
1. Diode Lasers
 Distributed Feedback lasers
 Quantum well lasers
 Quantum cascade lasers
 Hetero-structure lasers
 Vertical cavity surface-emitting lasers
 Separate confinement hetero-structure lasers
 Vertical external-cavity surface-emitting lasers
2. Yttrium Aluminium Garnet Lasers
3. Carbon Dioxide lasers
• Systems & Parts
1. Cast Machine
2. Vacuums & Compressors
3. Electrosurgical Equipment
4. Instrument Delivery Systems
5. Furnace and Ovens
6. Cone Beam CT systems
7. Other System and Parts
8. CAD/CAM

By Region

North America
• Mexico
• Canada
• United States

Europe
• United Kingdom
• France
• Italy
• Germany
• Turkey
• Belgium
• Netherlands
• Switzerland
• Spain
• Russia
• Netherlands
• Rest of Europe

Asia Pacific
• Japan
• India
• China
• Australia
• Malaysia
• Thailand
• Indonesia
• Philippines
• South Korea
• Rest of Asia Pacific

LAMEA
• Argentina
• Brazil
• Saudi Arabia

The global dental x-ray equipment market is forecasted to grow from $2.20 billion in 2021 to $3.90 billion by 2026 at a CAGR of 15.4%. Asia Pacific generated the highest revenue from the x-ray market in 2021, followed by Western Europe. According to WHO's 2020 report, nearly 530 million children suffer from dental caries, and almost 3.5 billion people suffer from oral diseases. The worldwide global laser market is expected to reach USD 345 million by 2028 at a CAGR of 5.5%. The diode product segment of the laser market provided the highest revenue in 2020. The dental laser market will grow at a CAGR of 6.7% in North America by 2028. In 2021, Biolase, a top manufacturer of dental lasers, is working on EdgePro-a new laser-assisted microfluidic Irrigation device,a cutting-edge technology for endodontists.

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Geographically, the USA leads the dental equipment market because of advanced technology, top leading companies of dental clinics belonging to the USA, and huge investment in R&D with strong backing from the government. USA holds 23% of the digital sensor market shares, and it is growing at a CAGR of 3.8% from 2022-2032and it is expected to be worth $128 million. The x-ray market is forecasted to grow at a CAGR of 2.3% from 2021 to 2030, and now it is worth $6.7 billion. In 2021, North America alone generated 30% of the revenue. Asia Pacific is estimated to grow in the x-ray market due to better imaging devices and government backing.
Some of the main players of dental equipment market include:

• BIEN-AIR DENTAL
• IvoclarVivadent AG
• Nova Instruments
• Ultradent Products Inc.
• Nakanishi Inc.
• MidMark Corporation
• Takara Belmont Corporation
• J. MORITA Corporation
• Planmeca group
• Millennium Dental Technologies

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Strategic Market Research LLP.
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India: +91-8260836500
Email: info@strategicmarketresearch.com
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