"Dental Equipment Market to Exhibit Healthy Growth during the Forecast Period from 2021 to 2029"
The global dental equipment market accounted for a value of US$ 5,840.8 Mn in 2020 and expected to attain US$ 9,215.7 Mn by 2029. Factors characterizing the growth of this market are globally growing older population, rising prevalence of oral diseases coupled with increased spending over dental care, and mounting technological advances in dental equipment. Novel technology-enabled dental handpieces provide higher efficiency and reduce the procedural time in tissues removal procedure. The new technologies enable a motor of 100-400,000 RPM with a persistent torque to treat hard tissues. These devices are comprised of automatic reversing feature for various endodontic procedures, thereby gaining popularity from dental care professionals. According to the International DOI Foundation, worldwide oral health burden accounted for US$ 442.0 Bn in 2018 with direct treatment costs of dental diseases at US$ 298.0 Bn every year. The American Dental Association (ADA) reported in 2019, the national dental care expenditures were US$ 124.0 Bn in 2019, increased from US$ 120.0 Bn in 2018, up from US$ 114.0 Bn in 2017. As per the data published by World Health Organization (WHO), the worldwide population aged 60 years and above has surged from 841.0 Mn in 2016 to 962.3 Mn in 2020, and is projected to cross 2.0 Bn by the end of 2050. This population is more prone to develop oral health diseases, thereby assisting in the market growth.
"The Systems & Parts Segment to Command the Market from 2021 to 2029"
The systems & parts segment is further categorized into instrument delivery systems, vacuums & compressors, cone-beam computed tomography (CT) systems, casting machines, furnace & ovens, electrosurgical instruments, and computer-aided design (CAD)/computer-aided manufacturing (CAM) systems. The CAD/CAM segment dominated the market in 2020 as these techniques have technological superiority and quickly substituting die casting techniques. The cone-beam computed tomography (CT) systems segment would register comparatively higher CAGR over the forecast period as these systems capture images of tissues and adjacent parts of the tooth and helps in delivering precise treatment.
"North America led the Market in 2020 due to the Presence of Supportive Healthcare Infrastructure and Domicile of key Market Players"
North America is expected to dominate the market throughout the forecast period owing to the government support for the formation of legislation, grants and funding, the presence of key market participants, favorable healthcare infrastructure, higher adoption of dental equipment, and availability of technologically advanced products. Technological developments related to novel equipment including digital X-rays for tooth cavity detection and high-resolution screening systems are supporting the supremacy of the region.
Europe is following North America in terms of revenue attributed to rising demand for cosmetic dentistry, rising incidence of oral cancer, increasing dental caries & trauma cases in children. According to the WHO, presently, the incidence of oral cancer ranges from 5 to 10 cases per 100, 000 individuals in European countries.
India is swiftly catching up in dental equipment manufacturing and becoming a manufacturing hub to supply dental equipment & materials to other countries including Africa, Sri Lanka, Pakistan, and parts of the Middle East. India has more than 5,000 dental laboratories, 297+ dental institutes, around 309 dental colleges which are approved by the Dental Council of India (DCI). Furthermore, surging number of dental colleges in the country will propel the demand for dental equipment, thereby contributing to the regional growth. Additionally, the presence of a large patient pool, improving healthcare infrastructure, and growing awareness about oral health-related products among patients in China, India, and Japan are expected to register the fastest market growth.
"The Presence of International Market Players Creates Market Penetration Challenging for New Entrants"
Key companies in this industry are Danaher Corporation; Dentsply Sirona; 3M; BIOLASE, Inc.; GC Corporation; Carestream Health; Institut Straumann AG; Patterson Dental Supply, Inc. (A Subsidiary of Patterson Companies, Inc.); A-dec Inc.; and Planmeca Oy. These manufacturers are implementing organic & inorganic business growth strategies such as vertical & horizontal integration, new product launches, joint ventures (JVs), collaborations & partnerships, mergers & acquisitions (M&As), divestitures, and operational & geographical expansions. These players are focused on strengthening their presence in various segments. For instance, Dentsply Sirona has a stronghold in dental technologies & equipment segment such as CAD/CAM systems, imaging systems, and treatment centers. Some market players are considering the cost parameters when targeting cost-sensitive customer base in emerging countries such as China, India, Brazil, and Eastern European countries. In September 2021, BIOLASE, Inc. launched #KeepDramaAtTheMovies campaign in order to educate patients & dentists with its minimally invasive (MI) dental lasers namely BIOLASE Waterlase. In July 2021, the Company hosted a series of BIOLASE User Community events in order to provide dental offices with an informal platform to discuss the technical & practical aspects of the laser dentistry.
This report also incorporates the qualitative analysis of market dynamics/variables such as key market drivers, restraints, opportunities, and trends which provide complete market information of the overall dental equipment industry. Also, the report also includes a graphical demonstration of the competitive landscape based on their market initiatives & strategies, product portfolio, financial information, and key developments. Major market contributors profiled in this report are Danaher Corporation; Dentsply Sirona; 3M; BIOLASE, Inc.; GC Corporation; Carestream Health; Institut Straumann AG; Patterson Dental Supply, Inc. (A Subsidiary of Patterson Companies, Inc.); A-dec Inc.; and Planmeca Oy.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Dental Equipment market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
