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HEALTHCARE & PHARMACEUTICALDISCOUNT VALID TILL 31st-JANUARY , 2022

Dental Laboratory Handpiece Market Segmentation by Type (High Speed, Low Speed, and Others); and by End User (Laboratory, Hospital, Dental Clinics, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Dental Laboratory Handpiece Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • May, 2020: TKD to launch high-speed turbines equipped with an effective anti-retraction valve, which can drastically reduce the risk of COVID-19 transmission. The design stops cross-contamination by avoiding fluid and aerosol backflow from the oral cavity into the instrument.

  • March, 2019: TeKne Dental srl launched a new nucleus LED high-performance micro motor for Endodontic procedures.

Global Dental Laboratory Handpiece Market Highlights over 2022 – 2030

The global dental laboratory handpiece market is estimated to grow at a CAGR of ~10% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing demand for dental equipment backed by rising number of dental clinics across the world. Dental lab handpiece is one of the most common equipment used in dental labs, majorly for heavy duty grinding. Along with this, the rising prevalence of oral disorders and issues, worldwide, are estimated to boost the market growth. The World Health Organization (WHO) estimated that 3.5 billion people suffer from oral diseases globally. Moreover, the report stated that an estimated 2.3 billion people suffer from dental caries in their permanent teeth, while more than 530 million children suffer from caries of primary teeth. Most of these issues are preventable. Furthermore, the rising oral health awareness amongst the people is further anticipated to boost the market growth.

Additionally, the increasing healthcare expenditure across the globe, is estimated to boost the market growth. According to the data by the WHO, in most high-income countries, dental treatment results in around 5% of total health expenditure annually. According to the data by the World Bank, USD 1,111.082 was spent per capita for healthcare globally, in 2018.

Healthcare Expenditure per Capita

The market is segmented by type into high speed, low speed, and others, out of which, the high speed segment is anticipated to hold significant share in the global dental laboratory handpiece market over the forecast period on account of growing demand for high speed handpiece for grinding and other high-precision procedures. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita

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 Centers 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 Laboratory Handpiece Market Regional Synopsis

On the basis of geographical analysis, the global dental laboratory handpiece market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing oral health awareness amongst the population, combined with improving healthcare facilities, and rising individual disposal income.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high prevalence of oral issues in the region, along with efficient healthcare sector. According to the data by the Center for Diseases Control and Prevention (CDC), in the U.S. over 64.9% adults visited a dentist at least once in 2019.

Dental Laboratory Handpiece Market Share

The global dental laboratory handpiece market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global dental laboratory handpiece market includes the following segments:

By Type

  • High Speed
  • Low Speed
  • Others

By End-User

  • Laboratory
  • Hospital
  • Dental Clinics
  • Others

Growth Drivers

  • Increasing Prevalence of Oral Issues
  • Rising Global Healthcare Expenditure

Challenges

  • Lack of Awareness for Oral Health in Underdeveloped Countries
  • Absence of Enough Dentists in Low- and Middle- Income Nations

Top Featured Companies Dominating the Market

  • W&H Dentalwerk International
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • TeKne Dental srl.
  • MTI Dental
  • Dentflex
  • Saeyang Micro Tech Co. Ltd.
  • MVK-line GmbH
  • Envista Holdings
  • Promident Llc
  • NOUVAG AG
  • Zubler Gerätebau GmbH

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