Dental Equipment Market Top Driving Factors and Future Trends 2021
Growth in this market can primarily be attributed to factors such as the
rapid growth in aging population, increasing demand for cosmetic
dentistry, and growing incidence of dental caries and other periodontal
diseases.
According to research report the dental equipment market is expected to register CAGR of 4.9% between 2016 and 2021, to reach USD 7.52 Billion by 2021.
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Danaher
Corporation (U.S.), Planmeca OY (Finland), Dentsply Sirona (U.S.), and
Carestream Health, Inc. (U.S.) held a major share of the dental
equipment market. The companies majorly focused on strategies such as
expansions, partnerships, and new product launches to sustain their
positions in the market. Other key players in the global dental devices
market include A-dec Inc. (U.S.), AMD LASERS (U.S.), Biolase, Inc.
(U.S.), Ivoclar Vivadent AG (Liechtenstein), Midmark Corporation (U.S.),
and 3M (U.S.).
On the basis of products, the dental devices
market is split into dental diagnostic equipment, dental therapeutic
equipment, and general equipment. The diagnostic dental equipment
segment covers extraoral radiology equipment, intraoral radiology
equipment, and hybrid units. The therapeutic dental equipment segment
covers dental lasers while the general equipment segment covers casting
machines, instrument delivery systems, ceramic furnaces, electrosurgical
systems, CAD/CAM systems, dental chairs, dental light cure equipment,
and dental handpieces.
The general equipment segment accounted
for the largest share of the global dental equipment product segment.
The growing adoption of CAD/CAM systems (that aid simplification of
procedures, increase patient comfort, and reduces procedure time) is a
key driver in this market segment. The general equipment segment is also
expected to register the highest CAGR during the forecast period.
Based
on end users, the dental equipment market is segmented into hospitals
and clinics, dental laboratories, and other end users. On the basis of
geography, the dental devices market is segmented into North America,
Europe, Asia-Pacific, and the Rest of the World (Latin America and
Middle East & Africa).
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Europe
held the largest share in the dental equipment market owing to the
favorable reimbursement scenario, increasing government expenditure on
healthcare, and growth in geriatric population. On the other hand, the
Asia-Pacific (APAC) region is expected to register the highest growth
rate during the forecast period, due to less stringent regulations,
growing demand for dental procedures, and growing dental tourism.
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