In a recent published report, Kenneth Research has updated the market report for Dental Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Dental Equipment Market products.
Recently, a significant growth in healthcare spending have been observed in the low- and middle-income nations. In the middle-income nations, healthcare spending rose by 6.3% a year between 2000 and 2017, while the economy rose by 5.9% a year. Additionally, health spending in low-income countries also observed a growth by 7.8% a year in the same period. The growth in the healthcare spending of these nations can be attributed to the increasing focus of the governments in these nations to meet the laid down targets of the Sustainable Development Goals (SDGs) of 2030. Such factors are anticipated to drive the growth of the Dental Equipment Market during the forecast period.
Market Scenario
The Global Dental Equipment Market is expected to register a CAGR of ~5.20% during the forecast period of 2019 to 2025 and will achieve USD 9,280.3 million in 2025 with a market value of USD 8,236 million in 2018.Dental equipment are instruments that are used by dental professionals to treat dental conditions. These include tools to manipulate, examine, procure, and remove teeth as well as its surrounding oral structures. Dental caries and periodontal disease are the primary dental conditions that affect the majority of the population.
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Segmentation
The global dental equipment market has been segmented based on product, treatment, and end user.The market, based on product has been segregated, into dental radiology equipment, dental lasers, systems & parts, laboratory machines, hygiene maintenance devices, and others. By dental radiology equipment, the market has been sub-segmented into intra-oral, extra-oral. By dental lasers, the market has been sub-segmented into diode lasers and carbon dioxide lasers. By system & parts, the market has been sub-segmented into CAD/CAM, cast machine and others.
The systems & parts sub-segment is expected to hold the largest market as there has been an increase in demand for CAD/CAM. CAD/ CAM system is more in demand as it minimizes the time for dental procedures. Improvement in diagnosis is expected to drive the market growth. Moreover, dentists and laboratory technicians use new tools that are developed for computer-aided design and digital impression.
The market, by treatment, has been classified as orthodontics, endodontics, periodontics, and prosthodontic. Among these, the prosthodontic sub-segment is the largest in terms of value and is predicted to achieve more revenue in the market. This is due to the rising geriatric population, increased concern in terms of appearance that require prosthesis in dental cases. For instance, according to the World Health Organization (WHO), in February 2018, between 2015–2050 the geriatric population is predicted to double from 12% to 22%.
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The market, based on end user has been classified as hospitals & clinics, dental laboratories, and others. Out of these, the hospitals segment is the largest end user of dental equipment and is anticipated to hold a major market share in the market. This is due to the increase in the number of hospitals. Also, the majority of dental procedures are been performed in hospitals as compared to dental laboratories.
The market has been divided by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The dental equipment market in the Americas has further been branched into North America. The European dental equipment market has been sub-divided into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, Italy, Spain, the UK, and the rest of Western Europe. The dental equipment market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia Pacific. The dental equipment market in the Middle East & Africa has been divided into the Middle East and Africa.
Key Players
The key players in global dental equipment market are Sirona Dental Systems, Henry Schein, Inc., Danaher Corporation, Dentsply International, Inc., GC Corporation, Biolase Inc., Carestream Health Inc., Patterson Companies Inc., KaVo Dental, A-dec Inc., Midmark Corporation, 3M, and Bien-Air Medical Technologies.
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Regional Market Summary
Source: World Health Organization (WHO), Institute of Medicine (IOM)
The market in America is projected to be the largest during the forecast period owing to the technological advancements, rising geriatric population, increase in a number of dentists and dental clinics, and increase in the number of dental procedures. For instance, according to WHO, in September 2018, around 3.58 billion people were affected by tooth decay in permanent teeth, which is the most prevalent condition in dental disorders.
The market in Europe showed a substantial amount of growth. The market growth in this region can be attributed to the favorable reimbursement scenario, rise in government expenditure on healthcare, and rise in the geriatric population.
The market in Asia-Pacific is expected to be the fastest in the global dental equipment market due to the growing demand for dental procedures, less stringent regulations, adoption of innovative technologies, and rise in medical tourism. Moreover, there has been an increase in oral cancers such as cancer of the oral cavity, cancer of the lip. According to WHO, in September 2018, the incidence of oral cancer is prevailing as one of the top three of all the cancers.
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The market in Middle East & Africa is expected to grow at a substantial rate due to the increase in the demand for dental procedures in the region.
Global Dental Equipment Market, by Product
Dental Radiology Equipment
Intra-Oral
Extra-Oral
Dental Lasers
Diode Lasers
Carbon Dioxide Lasers
Systems & Parts
CAD/CAM
Cast Machine
Others
Laboratory Machines
Ceramic Furnaces
Others
Hygiene Maintenance Devices
Others
Global Dental Equipment Market, by Treatment
Orthodontic
Endodontic
Periodontics
Prosthodontic
Global Dental Equipment Market, by End User
Hospitals & Clinics
Dental Laboratories
Others
Global Dental Equipment Market, by Region
Americas
North America
US
Canada
Europe
Western Europe
Germany
France
Italy
Spain
UK
Rest of Western Europe
Eastern Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Middle East
Africa
Intended Audience
Medical equipment companies
Research and development (R&D) companies
Government research institutes
Academic institutes and universities
Venture capitalists
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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