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Dental Equipment Market at a CAGR of 6.5 %
dental equipment market, dental equipment market size, dental equipment market report, global dental equipment market, dental equi
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The global dental equipment market has been estimated at USD 5.6 billion in 2014 and is projected to reach USD 8.1 billion by 2020, at a CAGR of 6.5 % during the forecast period from 2014 to 2021. Dental equipment are tools used to diagnose and treat dental diseases.
Dental tools are used by dental professionals to examine, manipulate, restore and remove teeth and surrounding oral structures and to provide dental treatment. The end-users for this market include hospitals, dental clinics, and dental practitioners.
Global Dental Equipment Market- Market Dynamics
The report details several driving and restraining factors for the global dental equipment market. Some of these are listed below.
Drivers
Increasing dental and global tourism in developing nations
Rising demand for cosmetic surgery
High prevalence of dental disorders because of tobacco use
Unhealthy diet
Poor oral hygiene
Consumption of harmful alcohol
Rise in geriatric population
Technological advancements
Low penetration rate for dental implants which enables cost-effective dental implants for the end-user
Increasing number of dental clinics and practitioners
Restraints
Lack of consumer awareness in developing countries
High price of advanced dental equipment
Taxes on certain classes of dental equipment
The market for dental equipment is segmented based on the type of products which include general and diagnostic devices (systems and parts, dental implants, crowns and bridges, dental lasers, radiology equipment, dental biomaterial, dental chairs), treatment-based devices (orthodontic, endodontic, periodontic, prosthodontics), other dental devices (laboratory machines and accessories, hygiene maintenance, retail dental care essentials) and dental consumables. Dental lasers are expected to contribute to the lucrative growth of the dental equipment market.
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Based on geography, the market is segmented into North America, Europe, Asia- Pacific and Rest of the World. North America accounted for the largest share of the market due to government support in terms of formation of legislation, grants and funding, and the rising awareness of dental equipment. Europe closely follows North America. Asian countries such as India, China, South Korea, Malaysia, Thailand, and Singapore are likely to provide a growing market due to their increasing per capita income and emerging economy.
Global Equipment Market- Competitive Landscape
Many players in this market are trying to expand their product portfolio in order to top the global market. While some companies are entering the market by acquisitions, top companies are expanding their growth in this market by acquiring other companies. Companies have adopted product innovation and new product launches as their key business strategy to ensure their dominance in this market. Danaher Corporation accounted for the highest share of the global dental equipment market. The companywide-ranging product portfolio can be credited for its leading position in the market.
Some of the key players in the market are:
Henry Schein Inc.
Hu-Friedy Mfg. Co.
Midmark Corporation
Patterson Companies Inc.
Sirona Dental Systems
Young Innovations Inc.
Key Deliverables in the Study
Market analysis for the dental equipment market, with region-specific assessments and competition analysis on the global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the Global dental equipment Market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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