Dentistry involves prevention, diagnosis, and treatment of diseases and conditions of the oral cavity. Dental care equipment includes devices and instruments used by dental professionals to provide dental treatment. The growing preference for medical tourism and rising dental expenditure are expected to propel the demand for quality dental care.
The global Dental Market is estimated to be valued at US$ 36609.25 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Technological advancements in dental equipment are driving the market growth. Key players are focusing on developing innovative dental equipment integrated with cutting-edge technologies like CAD/CAM (computer-aided design and computer-aided manufacturing) for improved efficacy and automation. For instance, Dentsply Sirona's CAD/CAM system, CEREC, allows dental professionals to design restorations chairside and have them milled from block materials in the dental practice. Such innovative dental technologies are enhancing patient comfort, shortening treatment times, and improving clinical outcomes. Rising awareness about oral healthcare and increasing prevalence of dental diseases owing to changing lifestyles will further contribute to the demand for technologically advanced dental equipment over the forecast period.
Segment Analysis
The global dental market is segmented into dental consumables and dental equipment. Within dental consumables, dental restorative materials hold the largest market share owing to their wide applications in fillings, crowns, bridges, dentures, and more. Dental restorative materials are dominating the segment as the materials experience high replacement rates as old restorations need repair or replacement.
Key Takeaways
The global Dental Market Demand is expected to witness high growth. The global Dental Market is estimated to be valued at US$ 36609.25 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030.
Regional analysis the North American region currently dominates the global dental market due to factors such as availability of advanced technology, presence of major market players, growing investment in research and development by key players, and increasing popularity of cosmetic dentistry.
Key players operating in the dental market are DENTSPLY Sirona, 3M, Zimmer Biomet, Straumann Group, Henry Schein, Patterson Companies Inc., and others. DENTSPLY Sirona held the largest share of the global dental consumables market in 2019 owing to its wide product portfolio and strong geographic presence across major countries.
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