Impressive growth is projected in the "Dental Equipment Market Size, Share & Trends by Product (Therapeutic-Dental chairs, Dental Units, CAD/CAM, Casting Machines, Dental Lasers, Nd:YAG lasers, Carbon dioxide Lasers), Diagnostic-Dental Imaging, CBCT)), End User (Hospitals & Clinics) & Region - Global Forecast to 2029" report. It projects the market to grow from $6.9 billion in 2024 to $9.3 billion by 2029, at an outstanding growth rate of 6.2%. Government initiatives toward better dental hygiene and increased allocations toward dental equipment play a major role in the growth of the market by increasing access to the underserved and modernization of dental facilities. Certain factors that act as driving forces are technological advancements such as dental lasers and digital imaging that have improved the level of patient care and productivity. While the high prices of imaging systems and limited reimbursement for the procedures performed are acting as major restraints on the market. Opportunities remain among emerging markets, particularly in Asia and Latin America, where rising incomes and government support are driving demand. The challenges include a shortage of properly trained professionals and the impact of growth in the market. Therapeutic dental equipment thus leads in the market, considering that cosmetic procedures are on the rise in numbers. The fastest growth, however, shall be seen in dental hospitals and clinics. The market in the Asia Pacific is expected to grow at the fastest pace owing to a growing middle class and increased spending in favor of healthcare. Key players in the market include DENTSPLY SIRONA Inc., Planmeca Group, Align Technology Inc., among others.
This report classifies the dental equipment market based on type, end-user, and region. Application type-wise, the therapeutic dental equipment segment accounted for the major share of the dental equipment market. Favorable reimbursement policies and supportive government policies for dental procedures have raised the availability of therapeutic dental procedures for a large group of the population. Several governments worldwide consider oral health as an important part of the overall health and have framed policies to help in providing affordable and accessible dental care to all citizens. These policies mostly deal with subsidies for dental clinics, public health dental programs, and regulation of insurance companies that cover a wide array of dental treatments. The insurance reimbursements also play an important role in offsetting the out-of-pocket expenses made by the patients; hence, both the bargained and costly therapeutic treatments such as root canals, crowns, and implants become affordable. This, in turn, encourages many people to visit the dentist well in advance and helps in undermining the building of dental diseases, which, as a result, reduces long-term healthcare costs. Also, the introduction of these policies in many instances covers routine dental examinations and preventive care, regarded as very key for oral health and detection of any issues at an early stage, enabling proper interventions. With better insurance and governmental support frameworks in place, regions are recording a significant rise in the application of advanced therapeutic dental equipment, hence contributing to the market's growth.
Dental equipment market will witness rapid growth in dental hospitals and clinics during the forecast period." This growth is majorly driven by rising awareness about oral health and aesthetics, thereby increasing the demand for preventive dental services as well as cosmetic dental services. With the increased social focus on dental appearance and the need for good oral hygiene, community members are going to dental hospitals and clinics for teeth whitening, veneers, and orthodontics. Furthermore, with developments in dental technology such as digital imaging systems and CAD/CAM technology, dental hospitals and clinics can offer more complex and accurate treatments, hence attracting patients in search of quality services. Moreover, the geriatric population, particularly in developed economies, requires more value-added dental services like restorative and dental implant treatments, which contributes to the growth of the segment. In addition, the expansion of healthcare infrastructure in emerging economies enhances access to dental services beyond urban areas, leading to the establishment of new dental clinics and upgrading of existing facilities with increasing demand for dental patients. Aggregately, these factors indicate a high growth for dental hospitals and clinics, as it may become a key driver in shaping the outlook of the global dental equipment market.
"Asia Pacific region is anticipated expected to grow at the highest CAGR during the forecast period of the global dental equipment market". In Asia Pacific, countries have emerged as prominent destinations for medical tourism, including dental procedures, driven by several factors. First, dental treatments are relatively cheaper in these countries compared to other Western nations, hence creating a site for attracting medium-priced patients. Countries such as Thailand, India, and Malaysia have well-established leading dental facilities run by qualified professionals who offer a wide range of services at competitive prices in the region. The region's reputation for medical excellence keeps growing with an increase in healthcare facility accreditation as well as the adoption of international standards in dental care. Further, the appeal transcends cost issues to include cultural tourism, where dental treatments can be combined with leisure activities to further enhance the experience of one's stay. Governmental support and initiatives for medical tourism also contribute to growth in the dental equipment market by taking steps toward attracting investments in state-of-the-art equipment and infrastructural advances. It, therefore, attracts patients not only from the region but also from other regions of the globe, a factor that motivates sustainable innovations in dental technology and positions the region to its leading position in the global dental equipment market.
Key Market Players:
Key players in this market are adopting several organic and inorganic growth strategies such as product launches, agreements, collaborations, acquisitions, and expansions. The top key players in this industry are DENTSPLY SIRONA Inc. (US), Planmeca Group (Finland), Envista Holdings Corporation (US), Align Technology Inc. (US), A-dec Inc. (US), J. MORITA CORP. (Japan), Ivoclar Vivadent AG(Germany), GC Corporation (Japan), Midmark Corporation (US), Straumann Group (Switzerland), 3M Company (US), BIOLASE, Inc. (US), 3Shape (Denmark), BEGO GmbH & Co. KG (Germany), Ultradent Products, Inc. (US), Yoshida Dental MFG., Co., Ltd. (Japan), Nakanishi Inc. (Japan), DentalEZ, Inc. (US), Carestream Dental LLC (US), Takara Belmont Corporation (Japan), Nova Instruments (UK), NewTom (Italy), Millennium Dental Technologies, Inc. (US), PreXion, Inc. (Japan), Brasseler USA (US), AMD Lasers (US), Aseptico (US), and Bien-Air Dental (US).
Content Source:
https://www.marketsandmarkets.com/PressReleases/dental-equipments.asp
https://www.marketsandmarkets.com/ResearchInsight/dental-equipments-market.asp
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