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.
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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.
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