Dental Chair Market Is Estimated To Witness Growth Owing To Increasing Prevalence Of Dental Diseases
The dental chair market is estimated to be valued at US$ 2,165.5 Mn in 2023 and is expected to exhibit a CAGR of 5.0 % over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental chairs are specialized chairs used by dental professionals to treat patients. These chairs come with features such as tilt/swivel mechanisms, multi-functional control panels ergonomic designs. Dental chairs provide maximum comfort to patients and efficiency to dentists during dental procedures. With increasing prevalence of dental diseases, demand for advanced dental chairs is growing.
Market key trends:
One of the key trends fueling the growth of dental chair market is increasing adoption of powered dental chairs. Powered dental chairs are integrated with advanced features such as flexible 4-way movements, programmable presets positions, customizable seating positions and powered leg rests. They provide efficient patient handling, enhanced ergonomics and greater safety during examinations and procedures compared to conventional manual chairs. Growing demand for dental aesthetics is also contributing to the market growth. Dental chair manufacturers are integrating dental chairs with imaging systems and offering customized chairside units as per dentists requirements to meet rising aesthetic demands. Rising medical tourism in emerging nations is another factor spurring the demand of dental chairs in these regions.
Porter’s Analysis
Threat of new entrants: The threat of new entrants into the dental chair market is moderate as developing manufacturing capabilities and achieving economies of scale require substantial capital investments and regulatory compliances.
Bargaining power of buyers: The bargaining power of buyers is moderate since buyers have a variety of dental chair options from both large and small players in the market.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as key components like motors, actuators are supplied by a few major players globally.
Threat of new substitutes: The threat from substitutes like dental stools is low as dental chairs have strong brand loyalty and offer unique features.
Competitive rivalry: The competitive rivalry is high due to the presence of numerous global and regional players competing on product innovations, pricing and customer service.
SWOT Analysis
Strengths: Dental chairs offer advanced features like adjustable positions, integrated lights and high comfort. They enhance the efficiency and ergonomics of dental procedures.
Weaknesses: Higher costs of technologically advanced dental chairs limit their adoption in price sensitive markets. Procurement and maintenance of high-end dental chairs also requires significant investments.
Opportunities: Growth opportunities exist in emerging markets due to increasing dental tourism and rising disposable incomes. Adoption of connected chairs offers opportunities for software upgrades and service revenues.
Threats: Stringent regulatory approval delays market access for new product launches. Economic slowdowns impact the replacement demands of premium dental chairs.
Key Takeaways
The Global Dental Chair Market Growth is expected to witness high, exhibiting CAGR of 5.0% over the forecast period, due to increasing dental tourism and prevalence of dental diseases. The Asia Pacific region dominated the market in 2023 with over 35% share majorly due to rapidly growing medical tourism in countries like India, Indonesia and Philippines.
Regional analysis indicates that Asia Pacific region is poised to witness the fastest growth through 2030 on the back of rising incomes, medical insurance penetration and availability of low cost dental treatments.
Key players operating in the dental chair market are XO CARE, A-dec Inc., Planmeca Oy, Midmark Corporation, DentalEZ, Inc., Institut Straumann AG, Dentsply Sirona Inc., Danaher Corporation, Koninklijke Philips N.V., and Craftmaster Contour Equipment Inc., among others. Leading market players are focusing on new product launches and partnerships to strengthen their distribution networks in high growth regions.
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