Dental Equipment Market to Reach Valuation of US$ 8 bn by 2028: Transparency Market Research
Wilmington, Delaware, United States, Transparency Market Research Inc.: Dental Equipment Market Outlook 2028
- The global dental equipment market was valued at US$ 6.6 Bn in 2020
- It is estimated to expand at a CAGR of 3.3% from 2021 to 2028
- The global dental equipment market is expected to reach the value of US$ 8 Bn by the end of 2028
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Analysts’ Viewpoint on Dental Equipment Market Scenario
The global dental equipment market is driven by advancements in diagnostic and treatment technologies such as dental lasers. The dental lasers treatment offers benefits such as faster healing, minimal pain, reduced chair time, and more precise diagnosis. Rise in incidences of tooth decay and gum disorders, along with rise in dental procedures such as teeth whitening, cavity treatment, dental bonding, cosmetic dental implants, and cosmetic crown implants is fueling the demand of the dental equipment across the globe. Market players are gaining lucrative revenue benefits due to the rising dental surgeries across the globe. Increase in awareness about the role of dentistry in esthetics and rise in disposable income are projected to boost the growth of the global market. Companies in the global dental equipment market are focusing on the production of good quality and technologically advanced dental equipment to drive the global market.
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Manufacturers Overcoming Challenges amid COVID-19 Pandemic
The coronavirus pandemic has put intense pressure on the healthcare system due to rising number of patients affected by coronavirus across the globe. The global dental equipment market has negatively affected by COVID-19 pandemic due to rapid decline in patients visiting dental clinics. This has led to decrease in demand for dental equipment such as dental patient chairs, dental lasers, X-ray imaging equipment, sterilization equipment, vacuums & compressors, cone bean CT systems, cast machine, furnace & ovens, electrosurgical equipment, CAD/CAM, ceramic furnaces, hydraulic press, sterilizers, air purification & filters, etc.
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However, the global dental equipment market is booming after significant efforts taken by governments, healthcare practitioners, and market stakeholders to recover from losses caused due to pandemic. Advancements in dental treatment procedures and availability of improved technologies for conducting root canal treatment (RCT) are factors responsible for the global dental equipment market growth. The global dental equipment market is creating lucrative opportunities for manufacturers to mark their presence in the global market.
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Advancements in Technology in Dental Care Treatment Boost Market Growth
The changing lifestyles of the masses have been a major cause of deteriorating dental health on a global scale. Moreover, there is an urgent need to foster innovation and improvement across dental technologies. There is an increasing adoption of improved technologies for dental treatments. Dentists have pointed to key areas where there is lack of effective technology to expedite treatment. Therefore, the availability of improved dental equipment is an important factor that contributes to the comprehensive development of the medical fraternity. In addition, people of all age groups are equally prone to the dental disorders. This has led to rise in demand for dental equipment of various sizes and grades. The availability of dental equipment across surgical shops has emerged as a launch pad for the growth of market vendors. The stellar demand for dental treatment among children and adolescents has created fresh opportunities for market growth.
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Increasing Popularity of Dental Lasers to Drive Global Market
There is a rising demand for dental equipment such as dental lasers, laboratory machines, and cone beam CT systems, etc. across the globe. The rising demand for dental lasers can be attributed to the growing inclination of the masses toward non-invasive treatment lines. Dental chairs are an inherent part of all major clinics and dental-care units. The light cure equipment and dental torches are gathering immense popularity among dentists. There is an increasing need for agile and compact dental equipment across the globe. Several areas near the jaw and dental cavity are inaccessible by obsolete dental aids. Thus, nimble technologies that can help in performing dental treatments are popularly being used by dentists and medical experts.
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