Dental Equipment Market to Receive a Strong Expansion by 2028
Research Reports
Nov 30, 2022
Dental Equipment Market: Introduction
According to the report, the global dental equipment market was valued at US$ 6.6 Bn in 2020 and is projected to expand at a CAGR of 3.3% from 2021 to 2028. The global dental equipment market is driven by advancements in diagnostic and treatment technologies such as dental lasers leading to faster healing, minimal pain, reduced chair time, and more precise diagnosis. Additionally, rise in awareness about the role of dentistry in esthetics and increase in disposable income are projected to boost the growth of the global market. Patient migration in search of better and cheaper dental treatment i.e., dental tourism, fuels the growth of the global dental equipment market.
Dental Tourism to Augment Global Dental Equipment Market
Dental tourism drives the global dental equipment market, especially in developing regions such as Asia, Latin America, and Eastern Europe. This can be attributed to the availability of similar quality of dental services at significantly lower prices than in the developed regions such as North America and Western Europe. Some of the common migrations include Western Europe to Eastern Europe, North America to Latin America, and North America and Europe to Asia.
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In the U.S., dental treatment coverage under the government’s Medicare and Medicaid policies is mandatory. The cost of dental procedures and surgery in developing countries in Asia Pacific and Latin America is low, which leads to faster adoption and surge in dental tourism across the globe. Moreover, tooth whitening, which is one of the basic treatments of cosmetic dentistry, has increased by more than 300% in the past five years. This rate is expected to prevail owing to the increasing number of baby boomer across the world.
Key Strategies Adopted by Prominent Players to Drive Dental Equipment Market
In January 2022, Envista Holdings Corporation and Pacific Dental Services extended commercial relationship for five years for its product line of implant, imaging, and clear aligner. In November 2021, A-dec announced opening of new dental showroom and education experience centers located at Nashville, TN, in 2022. These upcoming dental facilities will offer premier experience to dental professionals and industry leaders.
In July 2021, 3M introduced Next-Generation Clear Aligner System, which would provide customized treatment to patients. The system will enable orthodontists to choose from aligner materials in one treatment design. The addition of advanced products will strengthen the company’s digital product portfolio and cater to the need of simplex and complex dental cases.
In January 2019, 3M Oral Care and Bioclear entered into partnership to create a platform for dentists by providing them hands-on training courses and enables them to implement state-of-the-art procedures.
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Systems & Parts Segment to Lead Dental Equipment Market
In terms of product type, the global dental equipment market has been classified into dental radiology equipment, dental lasers, systems & parts, laboratory machines, hygiene maintenance, and other equipment. The dental radiology equipment segment has been bifurcated into intraoral and extraoral. The intraoral sub-segment has been split into digital and analog. The extraoral sub-segment has been segregated into digital X-ray units and digital sensors.
The dental lasers segment has been categorized into diode lasers, carbon dioxide lasers, and yttrium aluminum garnet lasers. The diode lasers sub-segment has been divided into quantum well lasers, distributed feedback lasers, vertical cavity surface emitting lasers, heterostructure lasers, quantum cascade lasers, separate confinement heterostructure lasers, and vertical external cavity surface emitting lasers.
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The laboratory machines segment has been classified into ceramic furnaces, hydraulic press, electronic waxer, suction unit, and micro motor. The hygiene maintenance segment has been categorized into sterilizers, air purification & filters, and hypodermic needle incinerator.
The systems & parts segment has been divided into instrument delivery systems, vacuums & compressors, cone bean CT systems, cast machine, furnace & ovens, electrosurgical equipment, CAD/CAM, and other systems & parts. The systems & parts segment dominated the global dental equipment market, accounting for major share in 2020. Demand for cone bean CT systems and advanced products, which are painless, non-invasive, and accurate, and have the ability to scan the bone and tissue at the same time, is rising.
The other equipment segment has been split into chairs, handpieces, light cure, and scaling unit.
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North America to Dominate Dental Equipment Market
North America dominated the global dental equipment market in 2020, accounting for the largest share. This can be ascribed to technological advancements that boost cosmetic dental surgeries, rise in prevalence of dental diseases in adults and children. Strong distributorship channel offering dental equipment across the U.S. is projected to propel the market in the country during the forecast period.
Europe accounted for a major share of the global dental equipment market in 2020. The market in the region is expected to grow at a moderate pace in the next few years. Dentistry costs across Europe vary significantly primarily due to economic status of the country in the region. This cost variation has increasingly given rise to dental tourism in the region. Some Eastern European countries such as Poland, Hungary, and the Czech Republic have become attraction centers for dental treatments across the continent for low priced cosmetic and surgical dentistry, along with the entire range of dental treatments. This is likely to augment the dental equipment market in Europe.
Competition Landscape
The global dental equipment market is fragmented due to the presence of several large, mid-size, and small players. Key players operating in the market are 3M, A-dec, Inc., Biolase, Inc., CareStream Heath, Inc., Envista Holdings Corporation, Dentsply International, Inc., GC Corporation, Henry Schein, Inc., Hu-Friedy Mfg. Co., Ivoclar Vivadent, Midmark Corporation, Patterson Companies, Inc., PlanmecaOy, and Sirona Dental Systems, Inc.
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