Dental Equipment Market worth $8.7 billion by 2027 | MarketsandMarkets
Dental Equipment Market in terms of revenue was estimated to be worth $6.5 billion in 2022 and is poised to reach $8.7 billion by 2027, growing at a CAGR of 6.1% from 2022 to 2027 according to a new report by MarketsandMarkets™. The overall growth of the dental equipment market is because of the growth of technology and solutions which is accounting to be a major factor driving the market during the forecast period. This increase can be attributed to increased prevalence of oral disorders and the rising desire for cosmetic procedures.
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“During the forecast period, the Therapeutic dental equipment segment is expected to be the fastest growing segment of the dental equipment market.”
Under type, therapeutic dental equipment segment is forecasted to grow at the highest CAGR from 2022 to 2027. The primary drivers of this market are the introduction of new technologies, particularly electrosurgical devices, which provide advantages for patients in terms of low operating costs, minimum bleeding, and less post-operative pain.
“In 2021, by end user, hospitals clinics segment held the largest share of dental equipment market.”
By end user, the dental equipment market can be segmented into hospitals and clinics, research and academic institutes and other end users.
Due to the rising awareness of dental disorders and their treatment, the hospitals and clinics segment occupied the largest share of the market in 2021. Additionally, there has been increase in adoption of new technologies and dental tourism which has attributed to the growth of the market.
“In 2021, Europe occupied the largest market share in the dental equipment market. “
The dental equipment is segmented into five major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa.
Europe accounted for the largest share of the dental equipment market in 2021. The increasing trend in the cosmetic dentistry and rise in dental diseases such as dental caries and gum problems some of the major driving forces attributing to the growth of the dental equipment market in the region.
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Dental Equipment Market Dynamics:
Drivers:
- Development of technologically advanced solutions
- Rise in oral health disorders
- Rising demand for advanced cosmetic dental procedures
- Growing market for dental tourism in emerging countries
Restraints:
- High cost of dental imaging systems and lack of reimbursement for dental procedures
Opportunities:
- Impact of DSOs on dental industry
- Increasing number of dental laboratories investing in CAD/CAM technologies
- Growing focus on emerging markets
Challenges:
- Dearth of trained dental practitioners
Key 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), and Planmeca Group (Finland).
These companies adopted strategies such as partnerships, acquisitions, collaborations, product launches, expansions, and agreements to strengthen their presence in the dental equipment market.
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Recent Developments:
- In March 2022, ClearChoice Management Services (CCMS), the administrative support team that serves the ClearChoice Dental Implant Center network, announced a new partnership with Planmeca
- In September 2021, Planmeca Group (Finland) acquired KaVo (Germany) which helped in strengthen Planmeca’s and KaVo’s positions as leading providers of innovative dental solutions
- In June 2021, DENTSPLY SIRONA Inc. (US) acquired Propel Orthodontics (US) To create better opportunity and enhance its connection in the orthodontics segment
Dental Equipment Market Advantages:
- Enhanced Patient Care: Dental equipment helps dentists provide better care for patients, with increased accuracy and safety.
- Improved Efficiency: Modern dental equipment offers improved efficiency, allowing dentists to complete more procedures in less time.
- Cost Savings: By investing in modern dental equipment, dentists can save money on labor costs and overhead.
- Enhanced Comfort: Advanced dental equipment can provide more comfort for patients, allowing them to relax during their visits.
- Increased Accuracy: Modern dental equipment can provide more accurate results than manual methods, enabling dentists to diagnose and treat conditions more quickly.
- Enhanced Safety: Dental equipment can help reduce the risk of cross-contamination, enabling dentists to provide a safer environment for their patients.
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