“Dental Equipment Market: Global Demand Analysis & Opportunity Outlook 2021”
The global dental equipment market is segmented into products such as dental radiology equipment, dental lasers, systems and parts, laboratory machines, hygiene maintenance devices and other equipment. Among these segments, systems and parts segment is expected to occupy top position in overall dental equipment market. However, dental lasers segment is projected to witness highest CAGR in global dental equipment market during the forecast period. Multi-purpose utilization of dental lasers such as root canal procedure, removal of dental caries and other applications are fostering the growth of the market.
Global dental equipment market is expected to flourish at a CAGR of 5.8% over the forecast period. Moreover, the global dental equipment market was valued at USD 5,416.8 Million in 2014. Increasing old age population, growing awareness, increasing incidence of dental caries and other dental diseases and rising demand for cosmetic dentistry are anticipated to be the dynamic factor behind the growth of dental equipment market.
In 2014, North America dominated the overall market of dental equipment and is anticipated to continue its dominance over the forecast period. Rising geriatric population and adequate awareness regarding oral diseases are fostering the growth of dental equipment market. Moreover, Europe dental equipment market is expected to significantly contribute to the market of dental equipment owing to the high dental care awareness in the region. Asia Pacific dental equipment market is anticipated to witness lucrative growth during the forecast period. Factors such as increasing medical tourism, rising healthcare infrastructure, growing awareness among people are anticipated to garner the growth of dental equipment market in the Asia Pacific region.
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Increasing Awareness about Dental Diseases
Rising awareness about oral disease prevention and diagnosis is driving the growth of dental equipment market. Additionally, growing awareness about aesthetic procedures is positively impacting the demand for cosmetic dentistry. Moreover, increasing medical tourism is encouraging the hospitals and dental clinics to adopt advanced dental equipment. These factors are envisioned to strengthen the market of dental equipment during the forecast period.
Increasing Prevalence of Teeth and Cavities Related Diseases
Bad eating habits and ignorance of oral healthcare has led to the high prevalence of teeth and cavities related disorders. For instance, as per WHO, 60-90% school children and 100% adults suffer from dental cavities. This factor is anticipated to drive the growth of dental equipment market. However, high cost of equipment and lack of reimbursement policies are some of the factors which are likely to inhibit the growth of the Global Dental Equipment Market in the near future.
The report titled “Dental Equipment Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global dental equipment market in terms of market segmentation by products, by end user and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global dental equipment market which includes company profiling of Straumann AG, Sirona Dental Systems Inc., Noble Biocare, 3M ESPE, The Danaher Corporation, Biolase Inc., Planmeca OY, Carestream Health, Inc., A-dec Inc. and Midmark Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global dental equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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