The dental surgical instruments market is expected to reach USD 5.96 billion by 2023 from USD 4.48 billion in 2018, at a CAGR of 5.9%. The key factors driving the growth of this market include the increasing prevalence of edentulism and tooth decay associated with the increasing geriatric population worldwide, increasing dental expenditure, increasing number of dental practitioners and dental clinics, and growing demand for cosmetic dentistry.
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In this report, the dental surgical instruments market is segmented based on product, therapeutic area, patient care setting, and region. On the basis of product, the market is broadly segmented into dental surgical instruments and consumables. The consumables segment is expected to grow at the highest rate during the forecast period. Growth in this market segment can be attributed to the recurrent utilization of consumables by dental practitioners, dental clinics, and hospitals for performing various surgeries.
The instruments segment is further categorized into handheld instruments, handpieces, lasers, electrosurgical systems, and ultrasonic instruments. The lasers segment is expected to grow at the highest rate during the forecast period. Growth in this segment is mainly driven by the growing adoption of lasers in various dental surgical procedures and the development of technologically advanced lasers in the dental industry.
Based on therapeutic area, the dental surgical instruments market is further categorized into restorative dentistry, orthodontics, endodontics, and other therapeutic areas. The other therapeutic areas include oral surgery and periodontics. In 2017, restorative dentistry held the largest share of this market and is expected to register the highest CAGR during the forecast period. The increase in the prevalence of dental diseases (dental caries and edentulism), rising demand for advanced cosmetic dental procedures, adoption of dental implants, growing dental tourism, and increasing dental expenditure are the factors driving the demand for restorative dentistry.
Based on patient care setting, the market is further segmented into clinics and hospitals. The clinics segment accounted for the largest share of this market in 2017 and is expected to register the highest growth rate during the forecast period. The large share and high growth of this segment is attributed to the increasing number of dental clinics especially in emerging markets, rapid adoption of advanced technologies, and growth in the target patient population.
Geographically, the dental surgical instruments market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to witness the highest CAGR during the forecast period, owing to factors such as large population affected by dental diseases in countries such as China and India, improving healthcare infrastructure, growing per capita income, rising medical tourism, and rising focus of key market players on this region.
