VANCOUVER, BC, Jan. 12, 2023 /PRNewswire/ -- The dental equipment market size reached USD 6.20 Billion in 2021 and is expected to register a CAGR of 7.1% during the forecast period, according to latest analysis by Emergen Research. Increase in prevalence of dental disorders, rising medical tourism, and technological advancements in dental equipment are some key factors driving dental equipment market revenue growth. Gum disease is a major issue in the United States, and it is frequently ignored. According to the Centers for Disease Control and Prevention (CDC), approximately half of individuals in the United States aged 30 and above have gum disease.
The likelihood of getting this ailment rises with age. It is more frequent in males than in women, causes more health risks to low-income people, particularly those living below the poverty line, and affects current smokers more than non-smokers or past smokers. In addition, prevalence of oral cancers also contributes to the market expansion. According to World Health Organization (WHO), in 2020, the global incidence of lip and oral cavity cancer is expected to be 377,713 new cases and 177,757 deaths. Oral cancer is more frequent in men and older persons is more lethal in men than in women and are significantly influenced by socioeconomic factors.
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Drivers:
Increasing demand for medical tourism is leading to an increase in global demand for dental equipment. In 2021, 630,000 foreign health tourists visited Dubai, according to data issued by the Dubai Health Authority (DHA) during the current Arab Travel Market in Dubai. Dermatology (43%), dentistry (18%), and gynecology (16%) were the three medical disciplines that drew the most health tourists. The top three regions attracting dental health tourists were the Arab and GCC region (45%), Asia (28%), and Europe (15%). The expenditure of international patients was approximately USD 198 million. Several governments are promoting medical tourism to provide advanced and cost-effective treatments.
For instance, on September 2022, The Korea Health Industry Development Institute (KHIDI) redesigned Medical Korea's official website, which now includes information on using Korean medical services. It also provides useful information for visitors to Korea, such as medical visa kinds, visa processes, and tax refunds for cosmetic surgery. It also includes health suggestions for serious disorders including cerebral infarction, breast cancer, and respiratory ailments, as well as everyday activities to boost immunity and focus.
Restraints:
There are some issues and difficulties facing the dental equipment market. One of the significant challenges hindering the growth of the market is the high costs of dental imaging procedures. Dental imaging uses software for viewing the inner side of the teeth. Several factors are considered while selecting software, but the main factor is the cost. On-premise imaging solutions don't have ongoing monthly fees; instead, they need a one-time license payment. Software licensing prices can go up to an average of USD 4,000 depending on the imaging brand. It's crucial to remember that this fee only covers the primary software license. The cost of additional workstations is charged individually. Several image solutions are deemed free when packaged with a hardware purchase.
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Growth Projections:
The dental equipment market is expected to register a CAGR of 7.1% over the forecast period and revenue is projected to increase from USD 6.20 Billion in 2021 to USD 11.59 Billion in 2030. Research and development of dental equipment are expected to support revenue growth of the market.
Current Trends and Innovations:
The dental equipment market is undergoing gradual changes during the forecast period. The development of laser technology has sparked a fascinating trend in the dentistry sector. It can be used for bleaching teeth, eliminating lesions and dental decay, changing gum form, cleaning out root canals, and a variety of other things. Additionally, a growing inclination for beautiful and flawless teeth and an increased focus on dental tourism have made cosmetic dentistry one of the burgeoning businesses that are gaining appeal. The availability of new technology for performing root canal therapy (RCT) such as laser-assisted RCT. It has the ability to reach the deepest pockets and target bacteria areas with greater accuracy. This helps in preserving healthier tooth structure and ensuring it is completely disinfected.
Strategic Initiatives:
Major companies included in the market report are 3M Company, Danaher Corporation, GC Corporation, Dentsply Sirona Inc., Henry Schein, Inc., Institut Straumann AG, Carestream Health, Patterson Companies, Inc., Planmeca OY, and Bien-Air Medical Technologies.
- On April 2022, Carestream Dental is expanding the pool of dentists who are familiar with CBCT imaging and providing more alternatives for current CS 8200 3D customers by releasing the Neo Edition of the CS 8200 3D Family. The CS 8200 3D's Neo Edition, which comes with an optional Scan Ceph module, is an upgrade of the original model that makes it easier to operate, enhances the clinical environment, and results in improved patient outcomes.
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Scope of Research
Report Details | Outcome |
Market Size in 2021 | USD 6.20 Billion |
CAGR (2022-2030) | 7.1 % |
Revenue Forecast to 2030 | USD 11.59 Billion |
Base Year for Estimation | 2021 |
Historical Data | 2019-2020 |
Forecast Period | 2022-2030 |
Quantitative Units | Revenue in USD Billion and CAGR in % from 2022 to 2030 |
Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments Covered | Product, treatment, end-use, and region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Country Scope | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa |
Key Companies Profiled | 3M Company, Danaher Corporation, GC Corporation, Dentsply Sirona Inc., Henry Schein, Inc., Institut Straumann AG, Carestream Health, Patterson Companies, Inc., Planmeca OY, and Bien-Air Medical Technologies |
Customization Scope | 10 hours of free customization and expert consultation |
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Emergen Research has segmented dental equipment market on the basis of basis of product, treatment, end-use, and region:
- Product Outlook (Revenue, USD Billion; 2019-2030)
- General and Diagnostics Equipment
- Dental Consumables
- Others
- Treatment Outlook (Revenue, USD Billion; 2019-2030)
- Orthodontic
- Endodontic
- Periodontics
- Prosthodontic
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals and clinics
- Dental Academic and Research Institutes
- Others
- Regional Outlook (Revenue, USD Billion, 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
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