Report ID: SQMIG35A2635
Report ID:
SQMIG35A2635 |
Region:
Global |
Published Date: September, 2024
Pages:
165
|
Tables:
65 |
Figures:
81
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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Report ID: SQMIG35A2635