Dental Equipment Market
Changing eating habits has led to increase in dental caries and infection among children and adults alike. High treatment costs and lack of insurance coverage dissuades a majority of the population from visiting a dentist even in developed economies such as the U.S. and U.K. However, the Medicaid is working towards increasing dental insurance coverage across the U.S. through its regional expansion plans. Besides, advent of advanced technological dental equipment such as CAD/CAM, cone beam CT systems and 3D printed dental equipment helps improve therapy outcomes and provide minimal treatment pain, which in turn enhances the patient’s experience.
Launch and adoption of new treatment technologies and equipment is a vital factor fueling growth of the global dental industry. 3D printing is one such technology which is playing a role of a key game changer in various dental applications. Due to this, companies manufacturing dental equipment are expanding their product portfolio related to 3D products in order to sustain their market share. For instance, Planmeca Oy launched Creo 3D printer for dental professionals in March 2016. This Digital Light Processing (DLP) 3D printer allows the dentist to custom-print dental implants, splints, surgical guides, temporary fillings, and other medical models. Planmeca Oy also launched a number of new dental consoles—Evolution 12 O’Clock (pictured), Evolution Central Island Console, and Evolution Side Console in November 2016. These consoles have an added advantage of supporting forward integrated with future technologies.
Request Sample Copy of Research @
The dental equipment market is witnessing a trend of consolidation. Dentsply International and Sirona Dental Systems merged in February 2016 to form Dentsply Sirona, Inc.—the largest manufacturer of dental equipment and technologies. Post-merger, the company acquired MIS Implants Technologies Ltd.—an Israel-based dental implant systems manufacturer—in June 2016 for US$ 375 million. This acquisition would help Dentsply Sirona, Inc. increase growing demand for dental implants, especially in the MEA region. Other leading market players such as Planmeca Oy are also expanding inorganically. Planmeca Oy expanded its product portfolio through the inclusion of CAD/CAM Restorative System developed by E4D Technologies, LLC, following the acquisition of the latter in December 2013. Through this acquisition, the Planmeca Oy obtained a competitive edge in providing integrated digital dental solutions to dentists and dental laboratories. Consistent introduction of new devices and equipment would enable existing and new dental clinics and laboratories offer improved treatment solutions to their patients.
Increasing insurance coverage is further analyzed to boost market growth for dental equipment and imaging devices. According to the American Dental Association, 29 states in the U.S. extended dental Medicaid benefits to population in their respective states (as of March 2015). Demand for Medicaid dental services is increasing with expanding coverage of Medicaid dental services across different states in the U.S. According to the statistics of National Health Smile organization, approximately 88% of the U.K. adult population in 2016 did not have dental insurance.
Key take aways of the dental equipment market:
The global dental equipment market is expected to expand at a CAGR of 4.7% during the forecast period due to increasing dental insurance and dental tourism in emerging economies in Asia and Latin America
In terms of equipment, dental system and parts segment holds the largest market share and is expected to reach a value of US$ 2,363.3 million in 2017. Increasing demand for dental equipment accessories and parts is fueling growth of the segment.
Adoption of dental equipment in dental clinics is expected to increase rapidly, with growing number of dental clinics across the globe.
Although, North America led the global dental equipment market in 2015 (in terms of revenue), Asia Pacific is projected to be the fastest growing dental equipment market expanding at a CAGR of 5.6% during the forecast period. Factors contributing to rapid growth rate include increasing medical tourism for dental care and growing distribution network of dental equipment manufacturers in this region.
The global dental equipment market is experiencing consolidation, with leading players such as Dentsply Sirona, Inc. and Planmeca Oy cannibalizing each other’s shares in this industry.
Browse Global Strategic Business Report@
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Visit Coherent Market Insights Blog @ https://blog.coherentmarketinsights.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/coherent-market-insights
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Dental Equipment Market here
News-ID: 576995 • Views: 342
More Releases from Medical Device Industry By CMI
Global Kidney Dialysis Equipment Market
The Global Kidney Dialysis Equipment Market was valued at US$ 13,930.3 million in 2015 and is projected to expand at a CAGR of 6.6% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Increasing number of End Stage Renal Disease (ESRD) patients, growing prevalence of diabetes & hypertension (major causes of kidney failure), rapid growth in the aging population are expected to be major factors driving growth of
Global Bone Glue Market
The Global Bone Glue Market was valued at US$ 1,648.3 million in 2015 and is projected to expand at a CAGR of 6.3% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Growing incidence of fractures and rapidly aging population are expected to be major factors driving growth of the global bone glue market over the foreseeable future. Each year, an estimated 1.5 million people suffer
Global Breast Pumps Market
The Global Breast Pumps Market was valued at US$ 606.6 million in 2015 and is projected to expand at a CAGR of 4.8% during 2016–2024,according to a new report published by Coherent Market Insights. Rapidly growing population and improving insurance scenario is propelling demand for breast pumps worldwide. Demand for electronic breast pumps is gaining high traction in terms mainly due to adjustable suction level aiding ease of use. A more
More Releases for Planmeca
Dental 3D Printing Devices Market by Applications, Vertical Type, and by Regions …
‘Dental 3D Printing Devices Market’ Insights, Size, Growth, Opportunities, Emerging Trends, Challenges, and Geographic Regions for the Forecast Period (2020-2027) Coherent Market Insights recently published a global research report called Dental 3D Printing Devices Market to provide guidance for its business. The global market of Dental 3D Printing Devices is analyzed comprehensively in the report with the main goal of providing accurate market data and providing useful recommendations for players to achieve
Dental 3D Printing Devices Market Segmentation and Analysis by Latest Trends, De …
Dental 3D Printing Devices Market Report 2020-2026 incorporates a complete examination of the current market. The report begins with the fundamental Dental 3D Printing Devices industry review and afterward goes into every single detail. Dental 3D Printing Devices Market Report contains inside and out data on significant producers, openings, difficulties, and industry patterns and their effect available gauge. Dental 3D Printing Devices Market additionally gives information about the organization and its
Dental 3D Printing Devices Market (Impact of COVID-19) Growth, Revenue, Size and …
The global Dental 3D Printing Devices Market research report thoroughly explains each and every aspect related to the Dental 3D Printing Devices Market, which facilitates the report's reader to study and evaluate the upcoming market trend and execute the analytical data to promote the business. The growth trend forecasted on account of thorough examination offers in-depth information regarding the global Dental 3D Printing Devices Market. A pathway of development is
2019 Dental Diagnostic Equipment Market Top Key Players Focused – Biolase, Dan …
“Dental Diagnostic Equipment Market” report explores manufacturer’s competitive scenario and provides market share for all major players of this market based on production capacity, sales, revenue, geographical presence and other major factors. The report also covers import/export data across all major regions covered in this report. Download Sample PDF copy of this report @ https://www.upmarketresearch.com/home/requested_sample/98728 The key players covered in this study Biolase Inc. Danaher Corp. Midmark Corp. PLANMECA Oy Sirona Dental Systems Inc. Acteon Dentatus This report focuses
Dental LCD Displays Market Analysis to 2025 with Planmeca, TPC, Planmeca, Miglio …
The newly released research at Up Market Research titled “2019 - 2025 Global Dental LCD Displays Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years. This report presents a comprehensive overview, market shares, and growth opportunities of Dental LCD Displays Market by product type, application, key manufacturers and key regions. Request Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/76016 Dental LCD Displays
Latest Report On Dental LCD Displays Market 2019-2025 | Estimated By Top Key Pla …
UpMarketResearch offers a latest published report on “Global Dental LCD Displays Market Analysis and Forecast” delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/48144 Dental LCD Displays Market research report delivers a close watch on leading competitors with