USD 8.10 billion
Report ID:
SQMIG35A2635 |
Region:
Global |
Published Date: September, 2024
Pages:
165
|Tables:
65
|Figures:
81
Dental Equipment Market size was valued at USD 6.4 billion in 2022 and is poised to grow from USD 6.79 billion in 2023 to USD 10.90 billion by 2031, growing at a CAGR of 6.10% during the forecast period (2024-2031).
The major growth factors are dental issues continually on the rise, an aging population, and lowering medical & public acceptability barriers for the dental devices. For instance, dental caries is one of the most recurrent oral diseases. According to a research report published by the World Health Organization (WHO), nearly 3.5 billion people suffer from dental caries. In addition, market entry by several major competitors with the latest dental equipment boosts the growth of the dental equipment industry over the projection period. The dental equipment market is expected to rise with the increased usage of various advanced devices such as dental lasers, digital dentistry apparatus, and dental cone beam computed tomography (CBCT). As an instance, Summus Medical Laser, the leading company for high power laser treatment products, announced the launch of Horizon dentistry Laser System as the best IV therapy laser system exclusively for dental application during October 2020. Digital dental X-rays are replacing analog dental X-rays in many dental offices and hospitals merely to get medical images simply because they are more affordable, "good" for the images, and rapid results. As a result of this growing demand for digital X-ray machines among patients and health professionals, market players are constantly prompted to increase their investment in digital X-ray equipment.
US Dental Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 8.10 billion
Largest Segment
Therapeutic
Fastest Growth
Therapeutic
Growth Rate
5.20% CAGR
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Global Dental Equipment Market is segmented by Product, End User, and region. Based on Product, the market is segmented into Therapeutic Dental Equipment, and Dignostic Dental Equipment. Based on End User, the market is segmented into Dental Hospitals and Clinics, Dental Academic & Research Institutes, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Dental Equipment Market Analysis by Type
Due to the demand for equipment required for a wide range of treatment procedures being high, the therapeutic dental equipment segment holds the largest position in the dental equipment market share. The devices found in this category are as varied as lasers, high-end imaging systems, and dental chairs that are necessary to deliver effective dental treatment. The rising incidence of oral problems and the growing significance of aesthetic dentistry further propel this demand for therapeutic equipment. Technological factors, such as more ergonomic designs and the use of minimally invasive procedures, are contributing to the growth of the segment. Acquisitions of therapeutic equipment are still a must for dental clinics as they strive to provide quality care.
However, due to several crucial factors, the diagnostic dental equipment segment is expected to increase by a large percentage. This section is divided into all critical instruments required to make a proper diagnosis and treatment plan. This includes digital imaging systems, intraoral cameras, and X-ray equipment, among others. With advancements in technology, the use of these diagnostic instruments has improved efficiency and their adoption in dental offices has increased. More frequent cases of oral diseases coupled with increased awareness of oral care are forcing practitioners to develop better diagnostic equipment. Usually, one expects that advancing dental care towards early diagnosis and prevention rather than treatment will give improved patient results. This will increase the demand for sophisticated diagnostic equipment.
Dental Equipment Market Analysis by End User
There are several robust reasons for the dental equipment market share being dominated by this hospitals segment. By attaining improved accessibility towards high-end and digitally up-graded equipment, the capabilities of hospital dental departments have been improved to easily facilitate more effective and efficient patient treatment. This segment is supported by the growing number of hospitals that are offering specialized dentistry treatments. Advanced dental technology is in high demand as the prevalence of dental diseases, which include surgeries, is on the rise. If hospitals continue spending money on advanced technology and expanding their dentistry departments, the category is expected to remain atop the market.
With multiple therapeutic and cosmetic benefits, dental implants are an essential part of the growing dental clinics segment due to increased demand. Patients increasingly seek implants as a long-term cure for tooth loss; hence, it forces dental offices to enhance their offerings. Numerous clinics implement advanced and cutting-edge technical equipment to fit the growing demand, which makes dental implant treatments more accurate and efficient. In addition, high growth rates of dental clinics in diverse locations accelerate this segment's growth. Other clinics entering the market increase competition and make firms improve innovations and the quality of patients' service, putting the dental clinics' segment in an excellent position for dental equipment market growth in future .
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North America dominated the global dental equipment market in 2023 with a market share of more than 38.4% and is predicted to rise during the forecast period with a significant compound annual growth rate of 6.5%. This can be attributed to the growing ageing population, an efficient healthcare system, well-defined guidelines for payment, the availability of key players, and advances in restorative and preventive dentistry. Furthermore, the American Dental Association states that 85% of Americans seriously respect dental health and consider oral health an important part of overall care, and all these factors together are going to make North America the most promising regional market over the projection period.
During the forecast period, Asia-Pacific is going to witness the fastest CAGR of 7.1%. Advanced healthcare infrastructure and facilities are available in emerging economies such as China, Japan, and India, and they are increasingly more committed to setting the standard for R&D. They have money and infrastructure required to do the same. It is projected that Asia would incur 43.6% of the expenditure and the largest share of R&D expenditure would be incurred by China, Japan, and India. The rise in the Asia Pacific dentistry market has been prompted by factors including favorable government policies, an aging population, the presence of major players, and a hike in the demand for dental operations.
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Dental Equipment Market Driver
Technological Advancements
Growing Prevalence of Dental Disorders
Restraints
High Acquisition Cost of New Equipment
Regulatory Issues
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There are hundreds of companies operating in the dental equipment market, and each is struggling to hold the top position. Dental X-rays, dental lasers, dental surgical navigation systems, among others, are some types of equipment where the top players focus. The objective of the other players, which include Institut Straumann AG, Onex Corporation (Carestream Health), and BIOLASE, Inc., is to stay at or with their respective dental equipment share. For such companies, the way forward to making brand identity in developing countries involves continuous innovation in dental devices and global distribution networks.
Top Players in the Global Dental Equipment Market
Dental Equipment Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the increased incidence of dental problems and technological advancement are some factors that have increased the demand for dental equipment. Due to this, many patients are currently attracted to this sort of dental treatment due to the resultant accuracy and efficiency of laser dentistry, CAD/CAM technology, and digital imaging. However, many professions may not completely take advantage of these advances since these are obstructed by barriers such as a high price for sophisticated equipment and odious regulation restrictions. With an increased need for high-quality dental healthcare in developing countries, manufacturers should focus on solutions that are inexpensive and accessible while managing the complexities of regulations. In general, the outlook for the industry seems to be very promising in the next few years for growth and innovation.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.4 billion |
Market size value in 2031 | USD 10.90 billion |
Growth Rate | 6.10% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Dental Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dental Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dental Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dental Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2635
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