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Dental Equipment Market to Reach USD 8.5 Billion Globally by 2020 - Hexa Research
Other global industry drivers are availability of sophisticated technologies, growing geriatric population, and growing cases of tooth loss. Medical tourism too may positively influence the overall industry. The dental equipment market in most emerging economies could witness robust growth in the forthcoming years. This attributes to greater consciousness among the masses about the significance of dental health & hygiene. However, high costs of sophisticated technologies in dentistry and surging demand for refurbished dental equipment are factors that hinder industry growth.
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The global dental equipment market is segmented on the basis of products and regions. As per products, the classifications are hygiene maintenance devices, dental radiology equipment, systems & parts, laboratory machines, dental lasers, and others. “Others” includes chairs, hand piece, light cure, and scaling unit. Dental systems & parts generated the highest revenues in the overall market in 2013. Due to technological advancements, this segment may continue dominating the industry throughout the forecast period.
The dental systems & parts segment is further divided into the following: furnace & ovens, cone beam Ct systems, cast machine, instrument delivery systems, electrosurgical equipment, vacuums & compressors, CAD (computer-aided design) /CAM (computer-aided manufacturing) and other system & parts. In revenue terms, CAD/CAM held the highest market share in 2013 and may continue leading the industry in the near future.
Geographically, the global industry is categorized into Asia Pacific, Europe, North America, and Rest of the World. North America dominated the industry in terms of revenue in 2013. Regional drivers are technological developments in healthcare, substantial investments in research & development, and growing geriatric population. Asia Pacific economies, such as Brazil, Japan, China, South Korea, and India could witness significant market growth during the forecast period. Owing to gaps in demand & supply of dental treatment, these regions offer a host of opportunities for further market progress. Prominent companies operating in the overall industry are Planmeca Oy, BIOLASE Technology, Ivoclar Vivadent, Danaher Corporation, and Dentsply International. Characterized by stiff competition, the market witnesses frequent business ventures and new product developments.
In December 2016, DenMat launched the VisiLite Pro, an oral lesion screening device that is based on light based fluorescence technology. This system helps detect epithelial dysplasia in its early stages. Dentists can effectively incorporate this system into the conventional neck and head exam in order to rule out oral cancer. Fluorescence visualization offers entirely new visual information which is quite different from what doctors get while looking at reflected lights from chemiluminescent or white light sources.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/medical-devices-industry
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