PUBLISHER: SkyQuest | PRODUCT CODE: 1562496
PUBLISHER: SkyQuest | PRODUCT CODE: 1562496
Global Dental Equipment Market size was valued at USD 6.4 billion in 2022 and is poised to grow from USD 6.79 billion in 2023 to USD 10.90 billion by 2031, growing at a CAGR of 6.10% during the forecast period (2024-2031).
Dental equipment encompasses the tools used for various dental procedures, including inspection, care, restoration, and extraction of teeth and surrounding oral structures. The dental equipment market is experiencing growth due to increasing healthcare expenditures, advancements in healthcare systems, and a rise in oral health issues and cosmetic dentistry demands, particularly among the aging population. Factors contributing to this market growth include the rising incidence of dental diseases and the growing need for efficient surgical dental services. Additionally, the growing interest in cosmetics and personal care, along with a preference for dental supplies like crowns and bridges over implants, supports market expansion. However, the high cost of treatment remains a significant challenge, potentially hindering market growth. The expansion of the dental equipment market is largely driven by the increasing prevalence of dental disorders, a growing elderly population, and the reduction of medical and social barriers to accessing dental care. According to the World Health Organization (WHO), over 3.5 billion people globally suffer from oral diseases, with dental caries being the most common. Moreover, the entry of major players offering advanced dental equipment is expected to further fuel market growth throughout the forecast period.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Dental Equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Dental Equipment Market Segmental Analysis
Global Dental Equipment Market is segmented by Product, End User, and region. Based on Product, the market is segmented into Therapeutic Dental Equipment, and Dignostic Dental Equipment. Based on End User, the market is segmented into Dental Hospitals and Clinics, Dental Academic & Research Institutes, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Drivers of the Global Dental Equipment Market
The decline in global oral health is increasingly linked to changing societal behaviors, highlighting the urgent need to foster advancements and innovations in dental techniques. As newer technologies become more prevalent in dental procedures, there is a growing emphasis on integrating these advancements to improve oral health outcomes. Oral diseases impact individuals across all age groups, driving an increased demand for a diverse range of dental equipment. This rising need spans various sizes and grades of equipment, reflecting the broader adoption of advanced technologies in dental care and the ongoing efforts to address the widespread challenges of oral health.
Restraints in the Global Dental Equipment Market
The dental equipment sector faces significant challenges, primarily due to the high cost of dental imaging systems and the lack of reimbursement for dental treatments. Digital dental imaging systems, such as digital dental CBCT systems, are crucial for accurately detecting dental diseases by providing high-resolution images. However, the steep price of these systems hinders their widespread adoption across various practices. Despite their importance in improving diagnostic accuracy and treatment outcomes, the prohibitive costs of advanced imaging technology limit their accessibility. This barrier, combined with the absence of financial support or reimbursement for such treatments, poses a significant obstacle to broader implementation and utilization in the dental field.
Market Trends of the Global Dental Equipment Market
The shift from analog to digital dental X-rays is driven by the advantages of digital technology, including lower costs, superior image quality, and faster response times. As a result, many dental clinics and medical centers are adopting digital X-rays for their imaging needs. This growing preference among patients and healthcare providers is prompting market participants to boost their investments in digital X-ray equipment. As digital X-ray technology becomes more popular, it creates lucrative opportunities for market growth. The increased adoption of digital X-rays by both healthcare providers and patients is expected to drive further advancements and investments in this field, offering promising prospects for expansion during the forecast period.