May 18, 2023 07:17 ET | Source: Market.Us Market.Us
New York, May 18, 2023 (GLOBE NEWSWIRE) -- The Dental Equipment Market will witness a robust CAGR of 7.6%, valued at $10.4 billion in 2022, expected to appreciate and reach $21.2 billion by 2032. The instruments used to examine, treat, manipulate, and restore any oral condition are called dental equipment. The market benefits from major companies' introduction of advanced and effective dental products. Rvg Dental X Ray Machine Price
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The industry is also anticipated to be driven by factors such as the expanding geriatric population afflicted with oral diseases, the development of dental treatment-related medical tourism, and the launch of numerous government initiatives for public oral health care.
Factors affecting the Growth of the Dental Equipment Market
There are several factors that can affect the growth of the dental equipment market. Some of these factors include:
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Top Trends in Dental Equipment Market
Due to government initiatives to increase awareness of oral health and growing consumer concerns about tooth hygiene, the trend in oral therapy has shifted from traditional methods to advanced treatments. It is anticipated that there will likely be lucrative opportunities for expanding the dental equipment market due to the increasing demand for minimally invasive procedures and painless laser technology that eliminates the use of needles or anesthesia.
The focus on technological innovation of dental materials is largely responsible for expanding the dental equipment industry. Dental materials and technological advancements have made it possible to replicate the properties of natural teeth. Introducing new technological innovations and modifying existing equipment will likely enhance dental surgical procedures and improve treatment.
North America is expected to grow at a significant CAGR over the forecast period, with a market share of more than 39.5% in 2022. This is due to the rising geriatric population, a robust medical infrastructure, well-established reimbursement policies, the presence of key players, and advancements in dental treatments for preventive and restorative purposes. Furthermore, the American Dental Affiliation estimates that above 80% of individuals in the United States truly value oral well-being and consider it a fundamental part of general consideration. As a result, these factors are expected to fuel the regional market growth during the forecast period.
The competitive landscape of the market has also been examined in this report. Some of the major players include
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The rising prevalence of dental disorders due to smoking, aging, and poor oral hygiene is expected to propel the market growth over the forecast period. According to the World Health Organization(WHO) update, almost 3.5 to 4 Bn individuals across the globe suffer from oral and severe gum diseases that cause tooth loss. It is one of the most common diseases, affecting 10 to 15 percent of the population worldwide. This is expected to boost market growth and raise the demand for dental healthcare during the forecast period. Additionally, this market is highly driven by the government initiatives such as insurance plans and reimbursement policies, as well as an increase in dental awareness among the people. Moreover, the dental equipment industry's growth is highly fueled by the increasing focus on technological innovation of dental materials.
The high cost of dental imaging systems and the lack of reimbursement for dental procedures will likely hamper the market growth. Digital dental imaging systems, such as dental CBCT systems, can accurately diagnose dental conditions by providing high-quality images. However, the high cost of these systems limits their widespread use. As a result, only a limited number of end users can afford these systems. This does not include medium or small-sized hospitals. In addition, dentists, particularly those working in emerging countries, prefer refurbished or second-hand equipment as they are less expensive.
The dental industry is rapidly implementing computer-aided manufacturing (CAM) and computer-aided design (CAD) to reduce the need for temporary bridges and crowns to be worn during dental restoration procedures or dental fillings. Digital orthodontics and dental restoration can be carried out more efficiently due to its high precision. They are increasingly used to create milled dental crowns, dental bridges, dentures, and fabricated abutments for orthodontic treatments using personalized brackets and removable dental braces. Emerging economies like China, India, Latin America, and the Middle East stand to gain benefits from dental tourism owing to the high cost of dental procedures in North America and Europe.
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Report Segmentation of the Dental Equipment Market
The dental system & parts segment dominated the global market for dental equipment in 2022 with the largest market share and is expected to expand more during the forecast period. Instrument delivery systems, vacuums and compressors, cone beam CT systems, cast machines, electrosurgical equipment, ovens, furnaces, other system and parts, and CAD/CAM are all the sub-segments of dental systems & parts segment. Without these essential instruments, any dental procedure cannot be performed. Proper functioning and performance of systems and parts are necessary for dental treatment to be successful. The growth of this segment is mainly influenced by technological advancements and R&D activities by major market players to produce patient-friendly and highly effective equipment for smooth procedures are the primary drivers of this market.
Due to the increase in dental clinics and hospitals, there is high adoption of advanced dental technology in hospitals and rising demand for aesthetic dentistry. As a result, the hospitals & clinics segment is anticipated to hold the largest market share. Moreover, the increased number of hospitals and the majority of dental procedures carried out in hospitals, as opposed to dental labs, are contributing to the expansion of this segment. Additionally, the substantial growth is largely attributable to the rising demand for dental implants with medical and aesthetic advantages. Furthermore, several dental clinics across the globe are implementing technologically advanced equipment to enhance dental implant therapy.
Prosthodontic therapy dominated the global dental equipment market in 2022 and is projected to expand at the fastest rate during the forecast period owing to the incorporation of many tools for dental repairs. The prosthodontics treatment industry would also benefit from the rising demand for dental prostheses and cosmetic dentistry. Moreover, the increase in aesthetic concerns necessitates using prosthetics in dental cases.
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Recent Development of the Dental Equipment Market
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