According to research report the report Dental Equipment Market is projected to grow from USD 6.5 billion in 2022 to USD 8.7 billion by 2027, at a compound annual growth rate (CAGR) of 6.1%. This significant growth is driven by advancements in dental technology, increasing prevalence of oral disorders, and a rising demand for cosmetic dental procedures.
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Key Market Segments
Therapeutic Dental Equipment: The Fastest Growing Segment
The therapeutic dental equipment segment is expected to experience the highest growth rate between 2022 and 2027. This growth is primarily driven by the introduction of advanced technologies, such as electrosurgical devices, which offer benefits like lower operating costs, minimal bleeding, and reduced post-operative pain for patients. This segment includes dental chairs, dental units, CAD/CAM systems, casting machines, and dental lasers, including Nd and carbon dioxide lasers.
Diagnostic Dental Equipment
The diagnostic dental equipment segment, which includes dental imaging and cone beam computed tomography (CBCT) systems, continues to play a crucial role in the market. The increasing patient pool and the demand for minimally invasive dental surgeries are driving the adoption of advanced extraoral imaging systems.
End User Analysis
Hospitals and Clinics: Dominant Market Share
Hospitals and clinics held the largest share of the dental equipment market in 2021 and are expected to continue dominating during the forecast period. The rise in awareness of dental disorders and their treatments, along with the increasing adoption of new technologies and dental tourism, are key factors contributing to this growth.
Research and Academic Institutes
Research and academic institutes also represent a significant portion of the market, focusing on the development of new dental technologies and treatment methodologies.
Market Drivers and Opportunities
Technological Advancements
Technological innovations have transformed the dental equipment landscape over the past decade. The increasing demand for minimally invasive dental surgeries and the growing awareness of advanced dental treatments are expected to boost the market for extraoral imaging systems and other advanced dental technologies.
Emerging Markets
Emerging markets in Asia and Latin America, particularly in countries like India, China, and Brazil, present significant growth opportunities for the dental equipment market. Factors such as the rapid increase in dental diseases, developing oral healthcare infrastructure, higher disposable incomes, and growing awareness of oral hygiene are driving demand in these regions.
Government Initiatives
Favorable government policies and initiatives are also attracting industry stakeholders to these emerging markets. For instance, the reduction of customs duty for dental products from 16% to 8% in India has created opportunities for international players to enter the market.
Leading Market Players
Key players in the dental equipment market include:
- DENTSPLY SIRONA Inc. (US)
- Align Technology Inc. (US)
- Envista Holdings Corporation (US)
- Carestream Dental LLC (US)
- Planmeca Group (Finland)
These companies are employing strategies such as partnerships, acquisitions, collaborations, product launches, expansions, and agreements to strengthen their market presence.
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Conclusion
The dental equipment market is poised for substantial growth in the coming years, driven by technological advancements, increasing prevalence of oral disorders, and rising demand for cosmetic dental procedures. With significant opportunities in emerging markets and supportive government initiatives, the market is set to expand, benefiting both patients and healthcare providers.
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https://www.linkedin.com/pulse/dental-equipment-market-growth-trends-opportunities-sjnmf
https://www.linkedin.com/pulse/dental-equipment-market-size-regional-growth-uptuf
https://www.linkedin.com/pulse/dental-equipment-market-size-share-growth-strategies-ycd5f
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