Dental Equipment Market Value to Surpass US$ 10.0 Billion By 2024.pdf

Global Dental Equipment Market, By Equipment Type (Dental imaging
equipment, Dental lasers, Hygiene maintenance devices, Systems and parts,
Hygiene maintenance devices), End User (Hospitals , Dental clinics, Dental
laboratories), and Geography - Trends, Size and Forecast till 2024
[DATE]
[COMPANY NAME]
[Company address]
DENTAL EQUIPMENT MARKET VALUE TO SURPASS US$ 10.0
BILLION BY 2024
Report Description
Dental Equipment – Advance low cost technologies to drive the dental equipment market
Dentistry is an ever-evolving healthcare segment, with numerous technologies being researched,
developed, tried and commercialized to improve therapy outcomes. Growing number of dental clinics is
in turn driving adoption of dental lasers, computer-aided design and computer-aided manufacturing
(CAD/CAM) systems, dental radiology equipment, and other laboratory equipment.
The global dental equipment market was valued at US$ 6,342.3 million in 2015 and is expected to expand
at a CAGR of 4.7% during the forecast period (2016 – 2024).
Figure 1. Global Dental Equipment Market Size and Forecast, US$ Million and Y-o-Y Growth (% ),
2014–2024
Source: Coherent Market Insights Analysis (2016)
Advent of CAD/CAM & 3D printing fueling market growth
Laser and electro surgery techniques enable precise incision during surgeries, causing minimal damage
to tissues and subsequently aiding faster healing. Advent of CAD/CAM has reduced time for prosthodontic
restoration procedures to one day. Replacement of conventional radiology equipment with digital radiology
equipment equipped with picture archiving and communication systems (PACS) facilitates archiving
treatment records. 3D printing technology has improved outcomes of dental treatments. Cone beam CT
systems provides clear extra oral images with minimal exposure to harmful X-rays compared to the
conventional CT systems.
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High treatment costs in developed economies fueling influx of dental tourists in emerging
economies
According to the New National Survey published in the American Dental Association in 2014, 40.2% of
adults in the U.S. indicated that they would forego dental care due to high costs associated with it.
According to 2016 statistics of the Oral Health Foundation, 88% of adults in the U.K.do not have dental
insurance and around 63% of adults prefer visiting National Health Service (NHS) dentists rather than
private dentists due to high costs associated with the later. High dental cost involved in cosmetic dentistry
dental caries, periodontal disease treatment and overall dental care in developed economies is fueling
growth of dental tourism in emerging regions such as Asia, Latin America, and Eastern Europe. Rapid
development of dental tourism hubs such as India and Brazil would spur growth of the dental treatment
market in emerging regions.
Increasing preference for refurbished dental equipment
Budget constraints in emerging countries such as India, China, Brazil and Eastern European countries is
driving demand for refurbished dental equipment. This aids the newly established dental clinics and
laboratories to achieve cost-efficiency with quality throughput. New dental equipment such as cone beam
CT systems, vacuums & compressors, cad/cam, digital X-ray units and laboratory equipment involve high
capital investment. This may increase the cost of patient dental procedures, thus negatively impacting the
number of patient visits. Therefore, most dentists and hospitals in emerging countries prefer refurbished
equipment, which in turn helps them pass on the cost-saving benefits to their patients. Market players
such as Danaher Corporation, Planmeca Oy, and Dentsply Sirona, Inc. must consider the cost parameters
while targeting the cost-sensitive customer base in emerging countries that are projected to be highly
lucrative markets in the near future.
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Dentistry is an ever-evolving healthcare segment, with numerous technologies being researched, developed, tried and commercialized to improve therapy outcomes. Growing number of dental clinics is in turn driving adoption of dental lasers, computer-aided design and computer-aided manufacturing (CAD/CAM) systems, dental radiology equipment, and other laboratory equipment. The global dental equipment market was valued at US$ 6,342.3 million in 2015 and is expected to expand at a CAGR of 4.7% during the forecast period (2016 – 2024).