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Refurbished Dental Lab Equipment Market Forecast 2022-2031 - Market Size, Drivers, Trends, And Competitors
Refurbished Dental Lab Equipment Market
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Key Players and Market Developments
Superior DDS, DuraPro Health, Atlas Resell Management, ABCDentalworks, Pre-Owned Dental Inc., Bimedis, A & K Dental Equipment, Capital Dental Equipment, Collins Dental Equipment, and Dental Equipment Liquidators Inc. are key entities operating in the sector. These vendors have been profiled in the refurbished dental lab equipment market report based on parameters such as company overview, business strategies, product portfolio, business segments, and recent developments.
Market Overview:
In 2021, the global refurbished dental lab equipment market was valued at US$ 4.5 billion and is projected to grow at a CAGR of 4.4% from 2022 to 2031, reaching over US$ 6.8 billion by the end of 2031. This growth is attributed to the escalating demand for cost-effective solutions in the dental industry, especially in emerging economies where affordability is a key concern.
Drivers of Market Growth:
Increase in Demand for Affordable Dental Services: The rising cost of new dental equipment has prompted dental clinics to opt for refurbished alternatives, which offer significant cost savings. The affordability of refurbished dental lab equipment makes it an attractive option for small and medium-sized businesses aiming to provide affordable dental services to patients.
Rise in Number of Dental Practitioners: With the increasing prevalence of dental diseases globally, there has been a surge in the number of dental practitioners. While prominent dental practitioners may prefer new equipment, the high cost often leads them to choose refurbished options, thus driving market expansion.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=85302<ype=S
Market Dynamics:
Product Segmentation: The dental milling equipment segment, including CAD/CAM technology, holds a significant share of the market due to the increasing demand for cosmetic dentistry and investments in dental practices. Additionally, the high prevalence of dental diseases, especially among the geriatric population, contributes to the growth of this segment.
Regional Outlook:
Asia Pacific: Dominating the industry, Asia Pacific witnesses substantial market growth driven by the high demand for affordable dental services in emerging economies. The region faces significant oral health challenges, including tooth decay, gum disease, and oral cancer, which further fuel the demand for refurbished dental lab equipment.
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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.
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