Research Nester recently released detailed analysis on “Asia Dental Care Device Market Study & Domestic Competition Analysis” that covers the Asia dental care device market in terms of market segmentation by product, by end users and by geography. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The Asia dental care device market is anticipated to surpass USD 4.8 Billion by 2027. The market is anticipated to record a CAGR of around 32.1% over the forecast period i.e. 2019-2027.
Increasing risk factors related to oral diseases due to the usage of tobacco, poor oral hygiene, consumption of alcohol and unhealthy diet are some of the factors that are contributing to the growth of the market. Additionally, Government initiatives pertaining to dental hygiene have led to the growth of the market. Currently, governments of various countries have initiated reforms for the development of dental health. The 2016-17 Budget of Australia was enacted to deliver a reform through Single National Child and Adult Public Dental Scheme and has allocated around USD 1.29 Billion towards public services for dental care. Moreover, rise in the prevalence of dental diseases and advanced equipment improving the treatment procedure is estimated to contribute towards the growth of the dental care device market in Asia.
The market is segmented by product into radiology equipment, dental lasers, laboratory machines, hygiene maintenance devices and others; by end users into hospitals, clinics, dental laboratories, dental research institutions and others. Among the end-user segment, the hospital segment is anticipated to grow significantly on the back of growing number of patients across the Asia region.
Based on countries in the region, the market in China is anticipated to have the largest share which can be attributed to large patient pool and the healthcare reform to provide low-priced and effective health services to its natives. Additionally, rise in the disposable income and increase in awareness among people related to oral health are expected to boost the growth of the market in the country.
Growing dental tourism industry in the developing countries is contributing to the growth of the market in the Asia Pacific region. Moreover, increasing dental disorders due to the usage of tobacco and poor oral hygiene combined with numerous technological advancements related to oral treatment such as laser usage in root canal treatment leading to painless and hygienic treatment for the patients are some of the factors that are estimated to boost the market shares.
However, high cost of advanced dental equipment, lack of awareness in developing countries and high tax rates on certain dental equipment are expected to operate as key restraints to the growth of Asia dental care device market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Asia dental care device market which includes company profiling of Nobel Biocare Services AG, Dentsply International Inc., Henry Schein, Inc., Planmeca Oy, DB Orthodontics, Institut Straumann AG, GC Corporation, DENTAURUM GmbH & Co KG and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Asia dental care device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.