The
global Dental
Equipment Market size is expected to reach USD 10.47 billion by
2025, according to a report published by Grand View Research, Inc. It is
anticipated to expand at a lucrative CAGR of 4.5% over the forecast period. Key
factors attributed to the growth include increasing demand for dental
procedures owing to prevalence of dental disorders and rising awareness and
demand for preventive, restorative, and surgical services for dental care.
Moreover,
favorable government initiatives regarding dental hygiene is also a significant
factor responsible for driving the market. Due to increasing number of
initiatives, there is an increase in awareness regarding dental hygiene leading
to increasing adoption of dental treatments, which in turn is anticipated to
drive the market for dental equipment over the forecast period.
Dental
equipment are classified on the basis of product into dental radiology, dental
lasers, systems and parts, laboratory machines, hygiene equipment, and others.
The systems and parts segment held the leading market share of 39.9% in 2018
and is anticipated to grow at a lucrative pace over the forecast period. The
segment is further classified into instrument delivery systems, vacuums and
compressors cone beam CT systems, cast machines, furnace and ovens, CAD/CAM,
and electrosurgical equipment. The CAD/CAM sub-segment led in 2018 owing to the
technological superiority of these equipment over traditional die casting
techniques.
North
America led with a market share of 29.6% in 2018. Some of the key reasons
attributed to the high share include technological advancements, rising demand
for dental surgeries, growing geriatric population, and increasing number of
dentists and dental clinics. On the other hand, Asia Pacific is expected to
expand at the fastest CAGR of 4.9% over the forecast period. Constantly
developing healthcare infrastructure and increasing healthcare expenditure
coupled with the presence of high unmet medical needs are expected to serve
this market as high-impact rendering drivers.
Few
significant companies venturing in the market include, Denstply International
Inc.; A-Dec Inc.; Planmeca Oy; Sirona Dental Systems Inc.; Patterson Companies
Inc.; Straumann; GC Corporation; Carestream Health Inc.; Biolase Inc.; Danaher
Corporation; and 3M.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/dental-equipment-market
https://www.grandviewresearch.com/industry-analysis/dental-equipment-market
Further key findings from the report suggest:
- Systems and
parts product segment led the market in 2018 and is anticipated to grow at
a lucrative rate over the forecast period
- CAD/CAM
sub-segment of systems and parts accounted for the largest market share in
terms of revenue in 2018, owing to technological advancements
- North
America led the dental equipment market in 2018 with a revenue share of
USD 1.84 billion owing to the presence of advanced healthcare facilities
and strong reimbursement scenarios
- Some of the
key players operating in the market are, Cook Medical; Smiths Medical;
Edwards Life Sciences Corporation; Medtronic Inc.; and Johnson &
Johnson.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment