The global market for dental chairs achieved a valuation of approximately US$ 2,069.9 million in 2022. It is projected that this market will attain a value of around US$ 3,047.1 million by the year 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.0% during the period from 2023 to 2030. This expansion in the worldwide dental chair market can be attributed to the escalating prevalence of oral health issues and the expanding elderly population on a global scale. Furthermore, there is a substantial demand for dental chairs due to the burgeoning number of dental clinics and facilities worldwide. Nevertheless, obstacles such as the high expense associated with dental chairs and concerns surrounding reimbursement for dental insurance are expected to impede the growth trajectory of the global dental chair market.
For a Sample Copy of the Report, Visit: https://www.coherentmarketinsights.com/insight/request-sample/6002
Insights on Key Companies in the Global Dental Chair Market:
The global dental chair market is characterized by intense competition. This dynamic is driven by the growing incidence of dental ailments and the increasing prevalence of dental hospitals and clinics. Consequently, market participants are concentrating on introducing innovative products to gain a competitive edge.
Several notable players in the global dental chair market include XO CARE A/S, A-dec Inc., Planmeca Oy, Midmark Corporation, DentalEZ, Inc., Institut Straumann AG, Dentsply Sirona Inc., Danaher Corporation, Koninklijke Philips N.V., and Craftmaster Contour Equipment Inc., among others.
Primary Drivers of the Global Dental Chair Market:
Upsurge in Oral Health Disorders to Propel Market Expansion:
One of the central factors set to propel the advancement of the global dental chair market in the foreseeable future is the mounting occurrence of oral health issues across the world. As oral health problems proliferate and dental procedures become more common, the demand for dental chairs is anticipated to experience rapid growth. The World Health Organization (WHO) highlights the significant global burden of oral diseases, which cause pain, discomfort, disfigurement, and even mortality for a substantial number of individuals. These challenges are encountered by more than 3.5 billion people worldwide, consequently heightening the need for dental chairs.
Elevated Geriatric Population to Drive Market Development:
Another impetus behind the expansion of the global dental chair market is the increase in the global elderly population. The older demographic is more susceptible to oral and dental conditions, as the risk of such disorders rises with age. Consequently, there is heightened demand for dental chairs to cater to the unique needs of this age group. The American Dental Association (ADA) highlights the heightened risk of root caries among older adults due to factors such as increased gingival recession and medication-related xerostomia. Over 50% of individuals aged over 75 are affected by root caries impacting at least one tooth.
Get Discounts Up to 25% (Limited Time Offer): https://www.coherentmarketinsights.com/insight/request-discount/6002
Trends in the Global Dental Chair Market:
Surge in Dental Procedures as a Recent Trend:
The substantial segment of untreated dental caries presents a significant population group with considerable unmet needs. This scenario drives an increase in dental procedures, thereby elevating the requirement for dental equipment such as dental chairs. Dental chairs play a crucial role in various dental procedures including examinations, endodontic treatments, aesthetic dentistry, orthodontic applications, and other dental interventions. Consequently, industry players are focusing on the development and introduction of technologically advanced chairs. This trend is projected to persist, propelling the market’s growth.
Growing Public Awareness as Another Trend:
Recognizing the vital connection between oral hygiene and overall health, an escalation in awareness regarding oral hygiene has been observed among the populace. Numerous studies underline the potential linkage between untreated oral diseases and adverse health conditions. As awareness increases and the global elderly population expands, the demand for dental chairs is expected to rise during the forecast period. This trend is anticipated to continue, fostering growth in the global dental chair market.
Challenges Constraining the Global Dental Chair Market:
High Costs of Dental Chairs as a Hindrance:
One of the predominant factors poised to hinder the progression of the global dental chair market is the substantial cost associated with dental chairs. While advancements in dental chair technology have surged, the integration of automation and customization has led to increased costs. These costs range from basic models priced at around US$ 1,000 to average models ranging from US$ 2,000 to 4,000 and premium models costing as much as US$ 8,000. In the Indian market, dental chair prices span from INR 50,000 to 8 lakh. These elevated costs for specific dental chair models could potentially impede market growth.
Reimbursement Challenges Affecting Market Growth:
Another factor that is restraining the expansion of the dental chair market is the concerns related to dental insurance reimbursement. Issues associated with dental insurance reimbursement pose a challenge to the adoption of dental chairs, given that not all dental treatments are covered by insurance. Accurate utilization of the Current Dental Terminology (CDT) codes is essential for proper insurance processing and claim adjudication. Patients with dental insurance tend to visit dentists more frequently compared to those without coverage, creating potential conflicts between patients and dentists and thereby hindering market growth.
Purchase This Premium Research Report Here: https://www.coherentmarketinsights.com/insight/buy-now/6002
Table of Contents with Major Points:
Definitions and Assumptions
Definition of Dental Chair Market
Trends and Developments
Key Emerging Trends
Key Developments Mergers and Acquisition
New Product Launches and Collaboration
Partnership and Joint Venture
Latest Technological Advancements
Insights on Regulatory Scenario
Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Dental Chair Market
Supply Chain Challenges
Steps taken by Government/Companies to overcome this impact
Potential opportunities due to COVID-19 outbreak
Why Choose Coherent Market Insights?
☛ Identified business opportunities – Our market research report can be used to analyze potential markets and new products. It can give information about customer needs, preferences, and attitudes. Also, it compare products and services.
☛ A clear understanding of your customers – A market report gives company’s marketing department an in-depth picture about customers’ needs and wants. This knowledge can be used to improve products, prices, and advertising.
☛ Clear data-driven insights – Our Market research encompasses a wide range of activities, from determining market size and segment to forecasting demand, and from identifying competitors to monitoring pricing. All of these are quantified and measurable which means that gives you a clear path for building unique decisions based on numbers.
Explore More Related Insights:
Coherent Market Insights is a global ma_rket intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Coherent Market Insights
533 Airport Boulevard, Suite 400, Burlingame,
CA 94010, United States.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027