Global Dental Equipment Market Highlights Over 2022 - 2031
The global dental equipment market is estimated to garner noteworthy revenue by growing at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the growing geriatric population and increasing demand for cosmetic dentistry. Cosmetic dentistry refers to the procedure of improving the appearance of the teeth and gums by making modifications in their shape, size, alignment, position, and colors. Additionally, people above 65 years are more likely to suffer from tooth decay, gum diseases, disturbed root canal, and others. Based on data provided by the World Bank, in 2020, the global geriatric population was stated to be 723,484,054. Moreover, according to the report provided by the National Library of Medicine (NLM), it was stated that by the age of 74, 26% of people lose their permanent teeth entirely while 69% of adults aged between 35 to 44 lose one permanent tooth due to some accident. Furthermore, dental equipment are the devices that are utilized by dentists for oral care and detecting and curing dental diseases. People are becoming more aware of dental problems than before, and are seeking every possible way to keep their teeth healthy. All these factors are anticipated to influence the market positively over the forecast period.
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The market is segmented by end-user into hospitals, clinics, and laboratories, out of which, the hospital segment is anticipated to hold the notable share during the forecast period in the global dental equipment market on account of a higher patient pool and better facility of equipment. Hospitals have separate dental departments along with laboratories to conduct requisite tests.
Major Macro-Economic Indicators Impacting the Market Growth
According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centres for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.
Global Dental Equipment Market Regional Synopsis
Regionally, the global dental equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is estimated to witness noteworthy growth over the forecast period on the back of the increasing geriatric population and higher prevalence of dental implants. One of the major growth drivers in the region is estimated to be the higher geriatric population. For instance, as of 2019, the people aged 65 or above were anticipated to be about 21 million in North America. The young population of the region is also projected to require essential dental care during the forecast period owing to the significant change in lifestyle. In a report provided by the Centers for Disease Control and Prevention (CDC) in 2020, it was stated that 63.0% of adults aged 18 in the region visited dentists while in 2018, the percentage for children between 2 to 17 was estimated to be 85.9%.
The market in the Asia Pacific region is estimated to garner noteworthy revenue share over the forecast period owing to the increasing awareness regarding oral health, and rising availability of advanced medical facilities in the developing regions. Based on a report provided by the Indian Journal of Dental Research (IJDR), 0.1 to 0.3 million dental implants are received by people annually.
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The global dental equipment market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
Market Segmentation
Our in-depth analysis of the global dental equipment market includes the following segments:
By Equipment Type
- Imaging Equipment
- Camera
- Sensor
- Panoramic
- Laboratory Parts
- Casting Machines
- Lasers
- Dental Radiology Equipment
- Hygiene Maintenance Devices
- Others
By End-User
- Hospitals
- Clinics
- Laboratories
Growth Drivers
- Escalating Geriatric Population
- Increasing Demand for Cosmetic Dentistry
Challenges
- Requirement for High Initial Investment
Top Featured Companies Dominating the Market
- Straumann Group
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Midmark Corporation
- Sirona Dental Systems Inc.
- A-dec Inc.
- Noble Biocare Services AG.
- BIOLASE, Inc.
- Planmeca Group
- Danaher Corporation
- 3M Company
- Carestream Health, Inc.
