The global dental equipment market was valued at USD 7.64 Billion in 2023. It is estimated to reach USD 9.86 Billion by the end of 2028, witnessing a CAGR of 5.25 % during the forecast period.
MARKET DRIVERS:
The growing aging population, increasing number of dental procedures to address the growing burden of dental diseases and increased dental tourism activities are propelling the dental equipment market growth.
The growing patient population suffering from dental disorders worldwide is contributing to the growth of the dental equipment market. The increasing geriatric population demands preventive, restorative, and surgical dental care services. In addition, personalized care for elderly adults, provided through specially crafted dental tools and equipment, is produced to boost their comfort. Various governments' initiatives to promote dental hygiene awareness are expected to contribute to market growth. Governments in many countries have recently introduced initiatives to improve dental health. Additionally, growing dental tourism activities to create awareness about the current availability of dental procedures and investments by government and private healthcare infrastructure organizations are propelling market growth in the coming years.
The growing focus from the market participants to develop modern R&D facilities and new product launches to meet the demands of the dental equipment market.
MARKET RESTRAINTS:
High costs associated with dental equipment are majorly hampering the market growth. Due to these high costs, this equipment is unaffordable to small dental clinics and practices and likewise, the overall growth of the dental equipment market is hampering. In addition, the lack of proper reimbursement policies in some countries negatively affects the dental equipment market growth. In addition, limited access to dental care in many countries worldwide, strict regulatory requirements, poor awareness among healthcare providers regarding the availability of advanced dental equipment options in some countries, and competition from alternative treatments further inhibit the growth rate of the dental equipment market.
Impact of COVID-19 on the global dental equipment market:
WHO announced COVID-19 as a healthcare emergency in March 2020. The dental equipment market experienced a decline in growth during the initial months of 2020 due to the lockdown and restrictions on movement. All the dental services were either postponed or canceled to control the transmission of the diseases. However, with the unlock guidelines in the last months of 2020, all the activities were resumed with high preventive measures like social distancing and wearing masks. As a result, the market's growth rate may have an inclined growth rate in 2021. Therefore, the market is expected to bounce back in the post covid era after facing losses during the pandemic due to the shutdown of services.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
Segments Covered |
By Product Type, End-User, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges; PESTLE Analysis; Porter's Five Forces Analysis, Competitive Landscape; Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa |
This research report on the global dental equipment market has been segmented and sub-segmented based on the product type, end-user, and region.
Dental Equipment Market - By Product Type:
Based on product type, the systems and parts segment accounted for the largest share of the global market in 2022 and is expected to grow at the fastest CAGR among all segments worldwide during the forecast period. The segment's growth is majorly driven by the growing emphasis by the market participants to develop new and advanced dental equipment and the increasing adoption of technological developments in the manufacturing of dental equipment. Under the sub-segments, the CAD/CAM segment held the major share of the market in 2022 and is likely to showcase a promising CAGR during the forecast period due to the growing number of technological advancements. In addition, CAD/CAM techniques are increasingly replacing die-casting techniques, further contributing to the segment's growth. Furthermore, the cone beam CT systems segment is expected to witness a notable CAGR during the forecast period.
On the other hand, digital radiology equipment is expected to hold a considerable share of the global market during the forecast period owing to the increasing patient population suffering from dental problems worldwide.
Dental Equipment Market - By End User:
Based on the end-user, the hospitals and clinics segment captured the major share of the global dental equipment market in 2022 and the domination of the segment is likely to continue during the forecast period owing to the factors such as an increase in the investment in healthcare industries to develop the infrastructure and adoption of healthcare technologies. Furthermore, the growing patient population suffering from dental disorders such as cavities, gum diseases, and oral cancer visiting hospitals and clinics for treatment needs is majorly driving the segmental growth. In addition, hospitals are being equipped with various advanced technologies such as digital radiography, CAD/CAM systems, and 3D printing, which is another major factor propelling the segment’s growth rate. Furthermore, the growing healthcare expenditure by various governments to improve the healthcare infrastructure is favoring segmental growth.
The dental laboratories segment had the second-largest worldwide market share in 2022 and is expected to grow promisingly over the forecast period. The rising demand for dental prosthetics majorly drives the growth of the segment and an increasing number of dental laboratories worldwide is propelling the segmental growth.
Dental Equipment Market - By Region:
Regionally, the North American dental equipment market occupied the most significant share of the worldwide market in 2021. The region's dominance in the worldwide market is expected to continue throughout the forecast period. The growth of the North American market is primarily driven by the increasing demand for cosmetic surgeries, the growing aging population, the presence of key market participants and the presence of sophisticated healthcare infrastructure. Moreover, collaborations between healthcare providers & research organizations and the availability of several dentists and dental clinics are propelling the market growth in this region. In addition, the growing awareness of dental care in the North American region contributes to regional market growth. As a result, the U.S. held the leading share of the North American market in 2021.
The European dental equipment market accounted for the second-largest share of the worldwide market in 2021 and is estimated to grow at a robust CAGR during the forecast period. Factors such as increasing healthcare expenditure, favorable reimbursement policies, the growing aging population suffering from dental issues and rising demand for quality treatment procedures promote the growth of the dental equipment market in Europe. Germany and the UK are predicted to hold a leading share of the European market during the forecast period.
The APAC dental equipment market is expected to account for the highest CAGR during the forecast period due to growing demand for dental procedures, less stringent regulations, and growing tourism. As a result, the Asia pacific witnessed significant growth in the global dental equipment market during the forecast period. The growing geriatric population, increasing investment by government and private organizations to improve healthcare infrastructure facilities, and awareness among the people about the current dental procedure are expected to drive the market growth. In addition, increasing disposable income, the growing number of dental procedures, increasing dental tourism, and rising awareness among people regarding oral health support the dental equipment market in APAC. As a result, India, China and Japan are major markets in the APAC region and are expected to hold a major share of the APAC regional market during the forecast period.
The Latin American dental equipment market is anticipated to showcase a steady CAGR during the forecast period. The growth of the Latin American market is majorly driven by favorable reimbursement policies by the Latin American governments for dental procedures.
The MEA dental equipment market is estimated to occupy a moderate share of the worldwide market in the coming years.
KEY MARKET PARTICIPANTS:
The list of key market participants leading the global dental equipment market profiled in the report is Danaher Corporation, Planmeca OY, A-dec Inc, Carestream Health, Inc, Dentsply Sirona, AMD LASERS, Biolase, Inc, Ivoclar Vivadent AG, Midmark Corporation, 3M.
Recent Market Developments:
FAQ's
As per our research report, the global dental equipment market size is projected to be USD 9.86 Billion by 2028.
Geographically, North American dental equipment accounted for the largest share of the global market in 2022.
The global dental equipment market is estimated to grow at a CAGR of 5.25% from 2023 to 2028.
Planmeca OY, A-dec Inc, Carestream Health, Inc, Dentsply Sirona, AMD LASERS, Biolase, Inc, and Ivoclar Vivadent AG are some of the significant players operating the dental equipment market.
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