Dental Equipment Market Projected to Grow at a CAGR of 6.5% and Generate a Revenue of $15,471.7 million by 2031Download Sample Reports Overview
The global dental equipment market size is predicted to be valued at $15,471.7million by 2031, surging from $8462 million in 2021, at a noteworthy CAGR of 6.5 %.
Impact Analysis of COVID-19 on Dental Equipment Market
The COVID-19 pandemic led to severe disruptions that affected the demand, supply, import-export, and availability of dental equipment across end-use industries. Public health situations, such as the global pandemic caused by COVID-19, have an impact on the dental equipment industry. During the pandemic, both China and India imposed stringent lockdowns and social isolation, which disturbed manufacturing operations for several weeks, resulting in decrease of the country's economy. Policy mitigation and suppression have a considerable economic impact on dental practice. Furthermore, public and private sector policies and measures to limit COVID-19 transmission, including as travel restrictions, and government-ordered vaccine mandates, impacted and continue to impact the dental equipment market. In response to the threat of COVID-19, the Government Department of Health recommends dental professionals strictly adhere to the infection control principles, e.g., wear PPE properly and maintain good hand hygiene, and avoid carrying out aerosol-generating procedures without use of dental rubber dams. All these factors negatively affected the dental equipment market trend.
Global Dental Equipment Market Analysis
Rising awareness of oral health among people globally is a primary element driving the growth in the dental equipment market. In addition, the growing global prevalence of dented disease has resulted in increased dental equipment market expansion. According to the FDI World Dental Federation, oral illness affects 3.9 billion people globally, with dental caries affecting approximately 44% of the population. The key factors driving the dental equipment market growth are rising disposable income in developing countries and rising dental tourism. Also, dental diagnostic and treatment technologies have become more effective, less painful, and faster and cost-efficient, which are important reasons encouraging their acceptance. These are the major factors anticipated to boost the dental equipment market share during the forecast period.
Dental CBCT systems and dental X-rays provide high-quality pictures that aid in the accurate diagnosis of dental conditions. However, high cost of dental equipment that can hamper the market demand.
Rising demand for aesthetic dentistry is boosting the dental equipment market growth. Furthermore, new technological research and development, such as CAD/CAM technologies, will be projected to present a significant potential to the industry. Increased healthcare knowledge leads to increased economic growth. Furthermore, advances in dental materials and methods have enabled improved dental abnormality and the replication of natural tooth qualities. Cosmetic tooth lightening is one of the most popular in-office cosmetic dental procedures. As a result, the emphasis on creating innovative technologies and dental materials is projected to open up new prospects for the dental equipment market opportunity.
Global Dental Equipment Market, Segmentation
The dental equipment market is segmented on the basis of procedure type, product type, end user, and region.
The procedure type segment is further classified into restorative, peridontal, endodontic, orthodontic, and others. Among these, the orthodontic segment is anticipated to dominate the market share in 2031. Orthodontics is the branch of dentistry concerned with the diagnosis, prevention, intervention, guidance, and treatment of faulty bites or dental abnormalities, including the use of braces. Orthodontic treatments use various appliances to retrain muscles, slowly reposition teeth, and influence jaw growth by applying gentle pressure to teeth and jaw. It helps for the boosting the long-term health of gums and teeth. Also, preventing long-term excessive tooth wear or trauma.
By product type, the market is classified into dental laser equipment, dental radiology equipment, dental software and imaging, mechanical systems, and others. Among these, the dental laser equipment segment accounted for dominant market share in 2021. Dental laser equipment used for treatment of dental surgery is quite popular and a quick process. It is widely used for treatment of gum diseases, teeth whitening, treatment of tooth decay, and treatment of hypersensitivity. Laser treatment provides less chances of getting infection as compared to other dental treatments.
By end user, the market is further classified into hospitals, academic institute and research centers, and dental clinics. Among these, the hospitals segment is anticipated to have a dominant market share in 2031. The growth of the hospital segment increased by changing lifestyles leading to oral problems, rising elderly population, and improved healthcare expenditure by the government as well as households.
The dental equipment market in the LAMEA region is projected to show the fastest growth. This region’s market generated dominant market share in 2021.Large population in this region suffers from a variety of dental problems, which contributes to the growth of the regional dental equipment industry. Several government initiatives, such as Smiling Brazil, are responsible for raising awareness about dental issues and disorders. Furthermore, the cost of dental treatment operations is relatively low, which fuels the dental tourism industry while also propelling the trend of the dental equipment market in this area.
Key Players in Global Dental Equipment Market
Some of the leading dental equipment market players are
- A-Dec Inc.
- Aseptico Inc.
- Biolase Inc
- Bien-Air Medical Technologies
- Dentsply Sirona
- GC Corporation
- Danaher Corporation
- Henry Schein Inc.
- Ivoclar Vivadent AG.
In September 2022, Adit and Burkhart Dental Supply Co. announced a strategic agreement that provides Burkhart clients with a modern dental practice management solution to meet their growing demands.