The size of the Dental Equipment Market in North America is forecasted to grow USD 2.25 billion by 2027 from USD 1.74 Billion in 2022, registering a CAGR of 5.3% during the forecast period.
Y-O-Y growth in the aging population majorly drives the dental equipment market in North America. Increasing demand for cosmetic dentistry, the increasing incidence of dental diseases, innovative products, and the rise in the number of dental implants and oral surgeries performed are further estimated to accelerate the growth rate of the North American market. Also, hand agility is reduced, complications and drugs affecting the mouth increase. The results showed that dental care in nursing homes was weak, and it wasn't effortless to get help from dental professionals.
Other risk factors, such as smoking, poor oral hygiene, diabetes, drug treatment, and genetic status, are also associated with increased dental disease. In the United States and Canada, several population-based studies show older populations experience high levels of caries. The results show that the number of older adults is multiplying in developed countries, contributing to the North American dental equipment market's growth. The demand for preventive, prosthetic, and surgical services in dentistry may contribute to this regional growth.
The North American dental equipment market is forecasted to have lucrative growth opportunities as the treatment times could be significantly reduced for diagnosis and surgery. These devices' key benefits include ligament tissue and bone regeneration, removal of bleeding, and surgical discomfort. As a result, these are presumed to achieve significant growth in the coming years. Also, technological advances have further increased market revenues, and portable lasers have been used in home care environments to improve patient comfort. Dentists and general practitioners are increasingly using lasers, and technological advances, reduced operating costs, and high precision associated with developing cost-effective diodes are other factors that will drive regional market growth in the coming years.
Investments in dental equipment, especially those with high initial investment costs, will hinder this local market's growth. The growing demand for reconstructed dental equipment will also curb the North American dental equipment market. Refurbished equipment is inexpensive, and there are many in the market to choose from.
This report on the North American dental equipment market has been segmented and sub-segmented into the following categories.
By Product Type:
By End User:
Regionally, the Dental equipment market in North America is competitive and growing because of the rise in awareness for dental surgeries, dental cosmetic corrections, and the increase in dental problems in driving market growth in this region. The demand for preventive, prosthetics, surgical services in dentistry is seen in this region. Fewer pain treatments, such as laser therapies, are high on demand. Technological advancements help market revenue and growth in the area.
Canada and the United States are identified as the highest geriatric population regions. Multiplying the geriatric population in the region like Canada and the United States leads to more treatments comparatively. Green land and Costa Rica are the countries followed for the more geriatric population. However, the reimbursement plans for dental procedures are not included under healthcare plans with government funding policies.
For the past 40 years, it has been noticed that Canada's aging population has been continuously rising. According to research issued by the Government of Canada, between 23 percent and 25 percent of Canada's entire population would be over 65 years old by 2036. This increase in the aging population would eventually increase the prevalence of dental diseases, boosting the market's growth.
In the U.S., the market growth of dental equipment is estimated to grow over 7% during the forecast period due to the growing demand for cosmetic dentistry and other dental procedures.
There have been over 189,040 dental practices in the United States by the previous year 2020 where the American Dental Association estimates that there are over 200,000 practicing dentists in the United States.
KEY MARKET PLAYERS:
The North American dental equipment market is somewhat competitive, with players like 3M, Carestream Health Inc., Danaher Corporation, Dentsply Sirona, and GC Corporation are the major shareholders. The intense competition poses a severe threat to small businesses in this region.
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