Originally published on Technavio:Dental Equipment Market Analysis - North America, Europe, Asia, Rest of World (ROW) - US, Canada, Germany, France, UK - Size and Forecast 2023-2027
Methodology
Dental Equipment Market by End-User, Product, and Geography - Forecast 2023-2027
The dental equipment market size is forecast to increase by USD 12.73 billion between 2022 and 2027, accelerating at a CAGR of 6.65%. In 2017, China held the largest market share, projecting an annual revenue of USD 5.44 billion. The report offers extensive research analysis on the Dental Equipment Market, with categorization based on End-user, including Laboratories, Hospitals, and Clinics. It further segments the market by Product, encompassing Dental diagnostics and surgical equipment, Dental consumables, and Dental laser. Additionally, the report provides geographical segmentation, covering North America, Europe, Asia, and Rest of World (ROW). Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
Dental Equipment Market Analysis
The increase in the number of dentists and dental practices is a factor responsible for driver growth. The rise in the number of dentists in various countries is driving growth in the dental industry. This growth is attributed to the expansion of dental schools, increasing enrollment in dental programs, financial aid for dental students, and growing demand for dental services. The increasing prevalence of dental diseases and growing awareness of oral health are driving demand for dental practitioners. As per global dental statistics in 2021, there were 703,947 dentists across 73 countries, and this number is expected to grow during the forecast period.
The number of dentists in Japan rose from around 100,000 in 2012 to over 107.5 in 2022 according to the OECD. The American Dental Association reported 201,117 practicing dentists in the US in 2021, with a ratio of 61.0 dentists per 100,000 population. Additionally, the American Dental Association estimates that the number of dentists per 100,000 population in the US will increase to 67.0 by 2040. These factors are expected to drive growth in the dental market during the forecast period.
Dental Equipment Market Segment Trends
The Laboratories Segment is the Leading Segment to Dominate the Market
The laboratories segment was valued at USD 11.15 billion in 2017 and continued to grow until 2021. The market share growth of the laboratories segment will be significant during the forecast period. A wide range of dental products, including crowns, bridges, and dentures, to support oral care is manufactured and customized by licensed dentists in dental laboratories. There is a wide range of equipment used in dental labs covering basic workbenches and lighting and a more complex articulation system and CAD/CAM system. The growing demand for dental consumables such as implants, crowns, and bridges is driving the growth of the dental laboratories segment in the dental equipment market.
Dental Equipment Market Size
North America is estimated to contribute 42% to the growth of the global market during the forecast period. The US and Canada are the major revenue contributors to the market in North America. Market growth in the region can be attributed to the increasing number of product approvals, the growing number of product approvals, the strong presence of established vendors, and the rising prevalence of dental diseases and related risk factors. Furthermore, the increase in healthcare spending and the rise in the number of dentists and dental facilities are driving market growth in this region.
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The Dental Equipment Market is fragmented in nature. Some significant players include 3M Co., 3Shape AS, A dec Inc, Align Technology Inc., Alpha Bio Tec. Ltd., BEGO GmbH and Co. KG
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
BIOLASE Inc., Carestream Dental LLC, DentalEZ Inc., Dentsply Sirona Inc., Institut Straumann AG, GC Corp., J. Morita Corp., Midmark Corp., Nakanishi Inc., Planmeca Oy, PreXion Inc., TAKARA BELMONT Corp., Ultradent Products Inc., and THE YOSHIDA DENTAL MFG. Co. Ltd.
The dental equipment market report forecasts market growth by revenue at global, regional country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
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