Dental Equipment Market Dynamics: drivers and opportunities
According to research report the report Dental Equipment Market by Product (Therapeutic (Dental chairs, Dental Units, CAD/CAM, Casting Machines, Dental Lasers, Nd:YAG lasers, Carbon dioxide Lasers), Diagnostic (Dental Imaging, CBCT)), End User (Hospitals & Clinics) – Global Forecasts to 2027″, is projected to reach 8.7 billion in 2027 from USD 6.5 billion in 2022, at a CAGR of 6.1% between 2022 and 2027. The overall growth of the dental equipment market is because of the growth of technology and solutions which is accounting to be a major factor driving the market during the forecast period. This increase can be attributed to increased prevalence of oral disorders and the rising desire for cosmetic procedures.
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During the forecast period, the Therapeutic dental equipment segment is expected to be the fastest growing segment of the dental equipment market.
Under type, therapeutic dental equipment segment is forecasted to grow at the highest CAGR from 2022 to 2027. The primary drivers of this market are the introduction of new technologies, particularly electrosurgical devices, which provide advantages for patients in terms of low operating costs, minimum bleeding, and less post-operative pain.
In 2021, by end user, hospitals clinics segment held the largest share of dental equipment market.
By end user, the dental equipment market can be segmented into hospitals and clinics, research and academic institutes and other end users.
Due to the rising awareness of dental disorders and their treatment, the hospitals and clinics segment occupied the largest share of the market in 2021. Additionally, there has been increase in adoption of new technologies and dental tourism which has attributed to the growth of the market.
Driver: New Technological Advancements
The increasing patient pool, demand for minimal invasive dental surgeries, and growing awareness is expected to increase the demand for extraoral imaging systems. This led to a wide range of electrosurgical systems adoption. In the past decade, the dental equipment has witnessed significant transformations and technological advancements in technologies.
Opportunity: Focus on Emerging Market
Fast developing countries such as Asia and Latin America regions such as India, China, and Brazil, shows a high demand for restorative dental products and equipments. Rapid increase in the incidences of dental diseases, developing oral healthcare infrastructure, willingness to spend on dental restoration products because of increasing disposable incomes, and rising awareness of oral hygiene are expected to spur the demand for dental prosthetics, restoration materials, and equipment in these regions.
In addition, favorable government policies and initiatives attracts various industry stakeholders to the markets. For instance, decrease of customs duty for dental products from 16 to 8% in India has opened opportunities for international players.
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Key players in the dental equipment market include DENTSPLY SIRONA Inc, (US), Align Technology Inc. (US), Envista Holdings Corporation (US), Carestream Dental LLC (US), and Planmeca Group (Finland). These companies adopted strategies such as partnerships, acquisitions, collaborations, product launches, expansions, and agreements to strengthen their presence in the dental equipment market.
Mr. Aashish Mehra
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