openPR Logo
Press release

Dental Equipment Market is Expected to Expand at a CAGR of 4.7% During the Forecast Period 2016 – 2024

09-05-2017 02:48 PM CET | Health & Medicine

Press release from: CMI Market Report

Dental Equipment Market is Expected to Expand at a CAGR of 4.7%

The Global Dental Equipment Market was valued at US$ 6,342.3 million in 2015 and is projected to expand at a CAGR of 4.7% during 2016–2024, according to a new report published by Coherent Market Insights.Increasing prevalence of poor oral health is increasing patient visits to dental clinics and in turn, is increasing demand for dental equipment.

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.

Sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/85

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.

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.

Ask for Discount before Buying @ https://www.coherentmarketinsights.com/insight/request-discount/85

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 takeaways 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

To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/dental-equipment-market-85

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.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 is Expected to Expand at a CAGR of 4.7% During the Forecast Period 2016 – 2024 here

News-ID: 699021 • Views: 260

More Releases from CMI Market Report

ENT Chairs Market – Global Industry Insights, Trends
ENT is an area of medicine dealing with treatment of human body parts namely ear, nose, and throat (ENT) and few related areas such as neck and face. The medical disorders treated by ENT physicians include chronic ear infection, sinusitis, snoring, sleep apnea, hearing loss, allergies, hay fever, swallowing disorders, nosebleeds, hoarseness, dizziness and neck cancer. Ear, nose and throat specialists or otolaryngologists have specific tools for treating patients well
Global Respiratory Inhalers Market to Surge Past US$ 38.8 Billion by 2024
Respiratory Inhalers – Getting the Wind Back in Your Lungs Respiratory diseases such as bronchitis, asthma, allergic rhinitis, pneumonia and sinusitis can significantly curtail the physical activities of the individual. The symptoms associated with both mild and severe manifestations of these respiratory conditions include coughing, wheezing, chest pain, respiratory distress, shortness of breath, congestion, and even death in severe cases. These conditions lead to substantial morbidity and causes large cost of
Medical Electrodes Market - Global Industry Insights Analysis, Size, Share, Grow …
Increasing prevalence of cardiology and neurological diseases among the population drives growth of the global medical electrodes market According to The World Health Organization’s estimates in 2012, the global geriatric population was pegged at 901 million in 2015, which is expected to increase over 2 billion by 2050. Geriatric population is highly susceptible to various cardiology and neurological diseases, thus creating a need for early diagnosis which can be achieved using
Biological Safety Cabinets Market - By Growth, Future Prospects And Competitive …
Increase in R&D expected to fuel the growth of biological safety cabinets market There are significant developments that has taken over a period of time in R&D due to modernization in laboratory equipment process, reagents and it keeps on changing in near future which will influence the biological safety cabinets market. Healthcare facilities are developing which leads to expansion of new and improved setup to get accurate results with extensive use

All 5 Releases


More Releases for Dental

Periodontal Dental Services Market Analysis by Top Key Players Coast Dental, Pac …
A periodontal disease is an infection of the tissues in the mouth that results in detachment of teeth from the gums. The main cause of the disease is a bacterial infection that adversely affects the area just below the gum line in the sulcus, resulting in the breakdown of the tissues that support a tooth. In its initial stages, it is referred to as gingivitis, while in its advanced stage
4th World Dental Congress
On the behalf of Meetings International, Dental Congress 2019 whole heartedly invite all the expertise in the field of Dentistry all over the world for “4th World Dental Conference” which is scheduled on March 25-26, 2019 in the city of lights Paris, France. The conference is focused on the theme “New Horizons in the field of Oral and Dental Health”. There are so many latest researches and the use of new
Infinityblu Dental Care
Infinity Blu Dental Care & Implant Clinic comprises four dental practices in Perthshire. There is a dentist in Crieff, dentist in Auchterarder, dentist in Dunkeld and a dentist in Pitlochry. The initial clinic was based in Pitlochry, which opened in 2007. The other three dental practices followed, due to the continued success of the first practice. Within the practices, there is a large team of dental professionals who are extremely passionate
Dental Conferences
Dentists 2019 We would like to invite you to participate in “25th Global Dentists and Pediatric Dentistry Annual Meeting”. It is our most conspicuous joy to welcome you to the official site of Dentists 2019, that goes for uniting the Dental experts, Investigators, Clinicians, professors, to give an overall examination to the dispersing of one of a kind investigation results, new considerations and suitable change experiences which concentrate on both theory
Dental Conferences
Dentists 2019 We would like to invite you to participate in “25th Global Dentists and Pediatric Dentistry Annual Meeting”. It is our most conspicuous joy to welcome you to the official site of Dentists 2019, that goes for uniting the Dental experts, Investigators, Clinicians, professors, to give an overall examination to the dispersing of one of a kind investigation results, new considerations and suitable change experiences which concentrate on both theory
Denuvo Dental
Denuvo Dental is a state-of-the-art dentist in Harwood, Bolton. Their intention is to provide cosmetic dentistry and general dentistry for all the family in spacious and stylish surroundings. This is something the practice achieves effortlessly. The practice is a kid-friendly environment and even has a Denuvo Juniors child care plan, where they not only carry out the treatment your child needs but they also teach teeth-cleaning methods, offer hygiene workshops and