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The dental equipment market is estimated to grow at a CAGR of 6.65% between 2022 and 2027. The size of the market is forecast to increase by USD 12,733.56 million. The growth of the market depends on serval factors, including the increasing prevalence of dental diseases and related risk factors, the increase in the number of dentists and dental practices, and favorable reimbursements and tax benefits.
This report extensively covers market segmentation by end-user (laboratories, hospitals, and clinics), product (dental diagnostics and surgical equipment, dental consumables, and dental laser), and geography (North America, Europe, Asia, and Rest Of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The reports categorize the global dental equipment market as a part of the global healthcare equipment market. The parent global healthcare equipment market covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increasing prevalence of dental diseases and related risk factors are notably driving the market growth, although factors such as the high cost of dental equipment may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Dental Equipment Market Driver
The increasing prevalence of dental diseases and related risk factors are notably driving market growth. Despite efforts to reduce the cases of dental caries prevalence of several dental diseases, such as periodontal diseases, dental caries, and oral cancer, is increasing. The prevalence of these dental diseases significantly increases with age. Globally, the geriatric population is also growing rapidly owing to the rise in average life expectancy.
The prevalence of these dental diseases significantly increases with age. Globally, the geriatric population is also growing rapidly owing to the rise in average life expectancy. In addition, the prevalence of dental diseases is increasing due to the growth in risk factors such as diabetes, poor oral hygiene, stress, and tobacco and alcohol use. This is leading to increased demand for dental services, which, in turn, is driving the growth of the global dental equipment market during the forecast period.
Significant Dental Equipment Market Trend
Technological advances in dental equipment is the primary trend in the market. These advances have helped reduce costs, improve efficiency, durability, and comfort, and make treatments less invasive. Several vendors are increasing their R&D investments in improving their existing products and developing innovative products. The new-generation intra-oral scanners, such as Planmeca Emerald, are small, lightweight, and have superior scanning speeds with enhanced accuracy.
Several vendors are increasing their R&D investments in improving their existing products and developing innovative products. Additionally, technological advances in 3D printing technologies have helped reduce costs and improve the printing process and printer production speed. The 3D printing machine can produce dental devices at four times the speed of the other solutions available and simultaneously reduce material wastage and capital equipment expenditure, as well as reliance on milling centers. Such advances in dental equipment technology are likely to boost the growth of the market during the forecast period.
Major Dental Equipment Market Challenge
The high cost of dental equipment is the major challenge impeding the market. In countries such as the US, the annual earnings of dentists have declined during the last decade. Establishing a dental clinic in the country now costs more than $250,000. Additionally, the median overheads for all dental practices in the country are around 75%. Hence, dental professionals are reluctant to invest in advanced dental equipment.
The average price of an advanced dental chair is more than $7,000. Depending on the features and the level of technology, the cost of digital intra-oral scanners is $15,000-$40,000. An entry-level desktop stereolithography (SLA) or a digital light projector (DLP) 3D printer typically costs less than $5,000 and can be used to produce molds through a special casting resin. However, industrial-grade dental 3D printing devices can cost up to tens of thousands of dollars. End-users also must bear the costs of the maintenance and repair of all the abovementioned devices. Hence, the high cost of dental equipment limits its adoption among end-users.
Key Dental Equipment Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Dental Equipment Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
A dec Inc - The company offers dental equipment such as A dec Handpieces and Motors. Through the others segment, the company offers dental cabinets, dental stools, dental handpieces, and sterilizers. Additionally, through its dental chair segment, the company offers a wide range of dental chairs.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the laboratories segment will be significant during the forecast period. A wide range of dental products, including crowns, bridges, and dentures, to support oral care is manufactured and customized by licensed dentists in dental laboratories. There is a wide range of equipment used in dental labs covering basic workbenches and lighting and a more complex articulation system and CAD/CAM system. The growing demand for dental consumables such as implants, crowns, and bridges is driving the growth of the dental laboratories segment in the dental equipment market.
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The laboratories segment was valued at USD 11,156.95 million in 2017 and continued to grow until 2021. The growing number of dental laboratories and dental laboratory technicians augment the demand for various equipment used in dental laboratories. This, in turn, is anticipated to boost the growth of the laboratories segment in the global dental equipment market during the forecast period.
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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The US and Canada are the major revenue contributors to the market in North America. Market growth in the region can be attributed to the increasing number of product approvals, the growing number of product approvals, the strong presence of established vendors, and the rising prevalence of dental diseases and related risk factors. Furthermore, the increase in healthcare spending and the rise in the number of dentists and dental facilities are driving market growth in this region.
The increasing number of dental problems and the growing focus of governments in developed countries on improving dental care and treatment have increased the market opportunity for vendors to boost their sales. Hence, vendors are focusing on expanding their sales by showcasing their products. The growing number of dentists in this region will help people opt for better dental services and care, which will increase the adoption of dental equipment during the forecast period.
The dental equipment market in North America witnessed slow growth, especially, due to the outbreak of COVID-19. However, the demand for dental procedures is expected to increase in the region, which, in turn, will drive the demand for dental equipment from private and public dental clinics, as well as hospitals, in North American countries in the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by End-user (Laboratories, Hospitals, and Clinics), Product (Dental diagnostics and surgical equipment, Dental consumables, and Dental laser), and Geography (North America, Europe, Asia, and Rest of World (ROW)).
Dental Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.65% |
Market growth 2023-2027 |
USD 12,733.56 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.45 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 42% |
Key countries |
US, Canada, Germany, France, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., 3Shape AS, A dec Inc, Align Technology Inc., Alpha Bio Tec. Ltd., BEGO GmbH and Co. KG, BIOLASE Inc., Carestream Dental LLC, DentalEZ Inc., Dentsply Sirona Inc., Institut Straumann AG, GC Corp., J. Morita Corp., Midmark Corp., Nakanishi Inc., Planmeca Oy, PreXion Inc., TAKARA BELMONT Corp., Ultradent Products Inc., and THE YOSHIDA DENTAL MFG. Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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