The global dental equipment market size is predicted to hit US$ 12.20 billion by 2029 and expected to drive growth at a CAGR of 8.7% from 2021 to 2030.
The global dental equipment market size is predicted to hit US$ 12.20 billion by 2029 and expected to drive growth at a CAGR of 8.7% from 2021 to 2030.
The rising prevalence of dental disorders, growing geriatric population, and rising number of government initiatives to promote public dental care are the primary factors that are boosting the growth of the global dental equipment market.
Around 60% to 80% of the cases of dental carries occurs among the individuals aged between 6 to 19 years in the developed regions of Europe and North America, according to the FDI World Dental Federation. The surging healthcare expenditure and the rising awareness regarding the availability of advanced dental care equipment is fostering the growth of the market.According to the World Health Organization, approximately 5% to 10% of the total healthcare expenditure is constituted by the expenditure for the treatment of dental carries.
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According to the United Nations, the old age population is projected to reach 2 billion by 2050. Elderly people are more susceptible to dental diseases. The top market players in the dental equipment industry are investing heavily and introducing advanced CAD/CAM technology that facilitates the dental healthcare professionals to offer effective care solutions to the patients.
The rising investments in the advancements and development of the healthcare infrastructure across the globe are expected to favor the growth of the global dental equipment market in the forthcoming years. Furthermore, the growing awareness regarding the minimally invasive procedures and laser treatments is fueling the demand for the advanced dental equipment globally.
Key Developments in the Marketplace:
- In March 2019,Planmeca Oy introduced its PlanmecaCreo C5 advanced 3D printer for facilitating CAM/CAD dentistry.
| Report Scope | Details |
| Market Size | USD 12.20 Billion by 2029 |
| Growth Rate | CAGR of 8.7% from 2021 to 2030 |
| Systems & Parts Market Share in 2020 | 38% |
| North America Market Share in 2020 | 38.5% |
| Companies Covered | BIEN-AIR DENTAL, Takara Belmont Corporation, Ultradent Products Inc., Planmeca Group, IvoclarVivadent AG, Midmark Corporation, Nova Instruments, Others |
Report Highlights:
- Based on the product type, the systems & parts segment accounted for a market share of approximately 38% and led the global dental equipment market in 2020. The systems and parts are the most essential equipment that is required to carry out the dentistry procedures across the globe. The surging prevalence of dental disorders and growing demand for the dentistry services around the globe is the primary driver of this segment. The introduction of advanced and efficient systems and parts has propelled the growth of this segment.
- By product type, the dental lasers is anticipated to be the fastest-growing segment in the forthcoming future. The dental lasers are extensively used for removing inflamed tissues and reshaping gum tissues. It is also used for minimizing the blood loss during any dental procedure. The rising adoption of the dental lasers for the treatment of dental disorders among the geriatric people is expected to drive the growth of the dental lasers segment during the forecast period.
- North America was the leading dental equipment market accounting for a market share of 38.5% in 2020. The North America region is characterized by the increased prevalence of dental disorders and the healthcare expenditure related to oral care is also high. It is projected that the geriatric population in US will reach around 95 million by 2050. Therefore, the growing geriatric population will further fuel the demand for the advanced dental equipment in North America. The favorable government policies pertaining to the reimbursements is also a crucial factor behind the growth of the North America dental equipment market. The advances in the dental equipment is gaining a rapid traction in North America and is expected to sustain its position in the global dental equipment market.
- Asia Pacific is anticipated to grow at the highest rate during the forecast period. The growing government investments in the development of smart hospitals and develop a sophisticated healthcare infrastructure coupled with the improvements in the access to healthcare facilities are fueling the growth of the Asia Pacific dental equipment market. Furthermore, the increasing medical tourism in the region pertaining to the dental treatments is contributing significantly to the growth of the market in this region.
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Future of Dental Equipment Market
The rising preferences for the advanced equipment is significantly boosting the demand for the digital X-Ray across the globe. The digital dental X-Ray is trending in the global dental equipment market. The rising inclination towards the automation and digitalization of the dental equipment is expected to shape the future of the dental equipment market and provide numerous growth as aspects to the key market players.
COVID-19 Impact Analysis:
- The shifted focus towards the COVID-19 patients resulted in the cancellation of the elective and non-urgent dental procedures that hampered the growth of the dental equipment market during the COVID-19 pandemic.
- The decline in the number of dental visits adversely impacted the market growth, owing to the extended lockdown periods.
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