Market Research Report
Dental Equipment Market, By Product, and By Geography - Analysis, Size, Share, Trends, & Forecast from 2020-2026
|Published by||AnalystView Market Insights||Product code||943553|
|Published||Content info||199 Pages
Delivery time: 2-3 business days
|Dental Equipment Market, By Product, and By Geography - Analysis, Size, Share, Trends, & Forecast from 2020-2026|
|Published: June 1, 2020||Content info: 199 Pages||
Dental Equipment Market, By Product (Dental Radiology Equipment, Dental Lasers, Laboratory Machines, Hygiene Maintenance Devices, System & Parts, and Scaling Units), and By Geography (EU, NA, APAC, LATAM, and MEA) - Analysis, Size, Share, Trends, & Forecast from 2020-2026.
The dental equipment market was valued at USD 7.81 billion by 2019, growing with 4.4% CAGR during the forecast period, 2020-2026.
The burden of oral disease is very high both in developing and developed countries. Oral diseases such as oropharyngeal cancer, tooth loss, orodental trauma and periodontal diseases are the major public health concerns globally. Additionally, poor oral health has a profound effect on overall health and equality of life. Dental instruments are specifically used to treat, restore, and examine the oral structures and it's surrounding by dental professionals.
Increasing incidences of oral diseases coupled with a rising number of dental procedures across the globe drive the overall dental equipment market. For example, according to the World Health Organization (WHO), oral diseases pose a major health burden for many countries and affect people throughout their lifetime. As per the WHO's data, oral health problem affects more than 3.5 billion people worldwide. Furthermore, aging population will further boost the demand for dental equipment. Further, rising awareness for oral and dental hygiene increases the demand for dental equipment market globally. For instance, the global impact of dental disease accounts over US $440 billion annually.
For instance, in October 2019, American dental equipment manufacturer, Dentsply Sirona, acquired OraCheck, anext generation CAM/CAD software. The OraCheck 5.0 offers new digitally feasible treatment options for patient monitoring, especially for implant and orthodontics dentistry. This new technology is designed to visualize 3D change, in terms of movement, tilting as well as geometric changes to the surface, on virtual optical scans. Likewise in October 2018, Straumann expanded its product portfolio of the PURE ceramic implant. The Straumann PURE implant is a highly esthetic tooth replacement tool that is produced from high-performance ceramic and natural tooth roots. Such introductions would, in turn, support the industry growth to great extent. Moreover, other factors such as favorable government initiatives for the development of the dental industry, coupled with growing investment by key players will support market development. On the other side, product recalls and the competitive environments may hamper the overall market growth to some extent.
By product, the worldwide dental equipment market is categorized into dental lasers, dental radiology equipment, laboratory machines, hygiene maintenance devices, systems & parts, and scaling unit. Among these, the system & parts captured the highest revenue share of over 35% of the overall market revenue. This segment covers all the supporting equipment required to carry out dental procedures such as cone beam CT systems, instrument delivery system, cast machines, furnace & ovens, vacuums & compressors, electrosurgical equipment, and CAD/CAM.
On the other hand, dental lasers are expected to witness noteworthy growth during the forecast period. The lasers crucial part of any dental treatment such as contamination control, and wound recuperating control. Moreover, the development of new and innovative lasers by major players supports the growth of the market. For instance, in October 2019, Clinician's Choice, a global leader for dental products launched a new laser in the market. The Bluewave is a soft tissue diode laser that offers greater visibility by producing a high-contrast blue beam.
Regionally, the overall dental equipment market is divided into North America, Middle East & Africa, Asia Pacific, Latin America, and Europe. The North America market dominated the dental equipment market majority of share in 2019 owing to the growing awareness for dental hygiene and rising number of dental visits in the region For instance, According to the reports published by Centers for Disease Control and Prevention suggests that over 65% population in the U.S. aged over 65 years visited dental clinics at least once in the year 2017. Moreover, rising healthcare expenditure along with an increasing number of dental surgeries across the region also supports the growth of the market. For Instance, The American Academy of Cosmetic Dentistry suggests that procedures such as tooth color inlays and onlays and tooth-colored crown are among the top five dental problems that have witnessed significant growth over the past few decades.
On the other hand, the Asia Pacific is anticipated to witness the fastest growth over the forecast period. Rising demand for dental cosmetic implants is considered to be one of the significant factors propelling the regional growth. In addition, the introduction of novel technologies such as advanced dental anesthesia solutions such as intraligamentary injection anesthesia will support the growth of the Asia Pacific market in the future.
The dental equipment market is at the highest risk owing to the sudden outbreak of COVID-19 worldwide. Dental surgeons are at huge risk as dental clinics across the globe have been shut for over 4 months. Additionally, over 75% of dental practices are treating emergency patients only. The Health Policy Institute predicts that dental care spending is anticipated to decline by over 60% during the year 2020. Thereby, restraining the expansion of dental equipment market over the forecasted period. Moreover, it is worth mentioning the COVID-19 will only reduce the hygiene revenue from the dental industry. As it cannot reverse the cases of tooth decay and the occurrence of wisdom tooth among the patients.
Key Vendor Takeaway
The leading players of the global dental equipment market include A-Dec Inc., Dentsply International Inc., Sirona Dental Systems Inc., Planmecea, 3M Company, Patterson Companies, Carestream Health, Straumann, GC Corporation, Biolase, and Danaher Corporation.
Companies are actively involved in partnerships, agreements, and the development of new products to capture a large customer base. For Instance, In September 2018, Dentsply Sirona launched a new product named Azento, a single tooth replacement solution in a box. The new product offers customized and precise digital treatment plans to dentists on the basis of the patient's digital scan.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to 2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
DENTAL EQUIPMENT MARKET KEY PLAYERS
Denstply International Inc.
Sirona Dental Systems, Inc.
Patterson Companies Inc.
Carestream Health, Inc.
DENTAL EQUIPMENT MARKET, BY PRODUCT
Dental Radiology Equipment
Digital X-Ray Units
Quantum Well Lasers
Distributed Feedback Lasers
Vertical Cavity Surface Emitting Lasers
Quantum Cascade Lasers
Separate Confinement Heterostructure Lasers
Vertical External Cavity Surface Emitting Lasers
Carbon Dioxide Lasers
Yttrium Aluminum Garnet Lasers
Systems & Parts
Instrument Delivery Systems
Vacuums & Compressors
Cone Beam CT Systems
Furnace & Oven s
Other System and Parts
Hygiene Maintenance Device
Air Purification and Filters
Hypodermic Needle Incinerator
DENTAL EQUIPMENT MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA