(I-BusinessNews.Com, July 29, 2021 ) Dental Equipment Market size is estimated to reach $11.9 billion by 2026, growing at a CAGR of 12.1% during the forecast period 2021-2026. Dental Equipment is a tool used by dental professionals to identify, examine, manipulate, and treat dental conditions. This equipment allow professionals to manipulate tissues for better visual access during an examination. Dental Equipment is increasingly being adopted by the cosmetic industry owing to the growing focus on dental tourism and rising preference for aesthetic and perfect teeth. Rise in the adoption of dental lasers reshaping gum tissues and removing inflamed tissues, increase in the guidelines for the usage of personal protective equipment (PPE) in dental practice, and growing demand for advanced dental radiology equipment and hygiene maintenance devices are the factors that are set to drive the growth of the Dental Equipment Market for the period 2021-2026.
Dental Equipment Market Segment Analysis-By Product Type
The Dental Equipment Market based on the Product Type can be further segmented into Dental Radiology Equipment, Dental Lasers, Dental System and Parts, Dental Laboratory Machines, Hygiene Maintenance Devices, and Others. The Dental System and Parts segment held the largest share in 2020 owing to the factors such as growing demand for technological advancements to provide practitioner-friendly products and rise in the research and development activities by key players. The rise in the adoption of highly efficient equipment to provide smooth procedures is driving the growth of the Dental Equipment Market. The Dental Lasers segment is estimated to be the fastest-growing segment with a CAGR of 13.4% over the period 2021-2026. This growth is owing to the factors such as the growing demand for surgical and teeth whitening procedures and increase in the adoption of dental lasers for reshaping gum tissues and removing inflamed tissues.
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Dental Equipment Market Segment Analysis-By Treatment
The Dental Equipment Market based on the Treatment can be further segmented into Orthodontics, Endodontics, Periodontics, and Prosthodontics. The Prosthodontics segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 13% over the period 2021-2026. This growth is owing to the factors such as increasing demand for dental prostheses in developed nations and the rise in the adoption of dental radiology equipment in prosthodontics treatment. Prosthodontic treatment was proved beneficial from denture therapy to imaging of the temporomandibular joint, which is driving the growth of the Dental Equipment Market. The Orthodontics segment held the second-largest share in 2020 owing to the factors such as growing awareness among the consumers about the importance of oral hygiene to the overall health and increase in the investment by the key players to launch advanced equipment.
Dental Equipment Market Segment Analysis-By Geography
North America held the largest share with 29% of the overall market in 2020. The growth in this segment is owing to the factors such as increase in the guidelines for the usage of personal protective equipment (PPE) in dental practice, rise in the adoption of dental radiology equipment and hygiene maintenance device, and the growing demand for prosthodontic treatment. The rise in the utilization of dental equipment in the cosmetic industry is driving the growth of the Dental Equipment Market. Asia-Pacific is estimated to be the fastest growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as growing demand for dental lasers to remove decay and prepare the surrounding enamel and increase in the research and development activities for developing advanced dental products.
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Dental Equipment Market Drivers
Increase in the Adoption of Dental Lasers
Dental lasers are increasingly being used among developed nations to remove decay and prepare the surrounding enamel for receipt of the filling. Dental Lasers have become an important assistant to dental treatment regarding contamination control, wound recuperating control, and vibration control in hard tissue expulsion. The key players are focusing on developing advanced dental lasers, which is further propelling the growth of the Dental Equipment Market.
Rise in the Demand for Dental Equipment from Cosmetic Industry
Dental equipment are increasingly being used by dental professionals owing to the growing demand from cosmetic dentistry for the beautification of tooth alignment. This equipment is used to examine, manipulate, and remove teeth and surrounding oral structures. Dental Equipment has become a necessary instrument in the esthetic restorative armamentarium, which is one of the major factors driving the growth of the Dental Equipment Market.
Dental Equipment Market Challenges
High Cost of Dental Equipment
The government of several nations and other organizations are increasing their initiatives to enhance awareness among people about age-related dental disorders and to increase the consumer’s inclination toward oral hygiene and other dental procedures. However, the high cost of dental equipment is one of the major factors that is estimated to reduce the growth of the Dental Equipment Market.
Dental Equipment Market Competitive Landscape:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Dental Equipment Market. Key companies of this market are Danaher, 3M Company, Biolase, Inc, Dentsply Sirona, GC Corporation, Patterson Companies Inc, Planmeca Oy, Institut Straumann AG, Carestream Health Inc, and A-Dec, Inc among others.
Acquisitions/Product Launches:
In November 2020, Planmeca Oy has launched two new dental products – Planmeca PlanMill® 50 S 5-axis mill and Planmeca PlanCAD® for creating dental prosthetics to allow clinicians to achieve productivity throughout the dentistry workflow.
In July 2019, A-dec, Inc has acquired the assets of Dean Dental Systems to expand the products and services to include both the dental operatory and mechanical room and to deliver products and services that champion dependability for dental professionals.
In May 2019, 3M Company has acquired medical-products maker Acelity Inc for about $4.3 billion to include a variety of surgical, dental, and hygiene-related equipment and to add bandages and surgical-wound products to its profitable businesses.
Key Takeaways
Geographically, North America Dental Equipment Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the growing guidelines for the usage of personal protective equipment (PPE) in dental practice.
The rise in the adoption of dental radiology equipment in prosthodontic treatment is driving the Prosthodontics segment. However, the high cost of dental equipment is one of the major factors that is said to reduce the growth of the Dental Equipment Market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Dental Equipment Market report.
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