The global dental equipment market is expected to reach USD 8,453.7 million by 2020, according to a new study by Grand View Research Inc. Growing demand for dental tourism in emerging Asian markets, increasing adoption rates of advance technologies such as CAD/CAM enabling expedited manufacturing of dental prosthetics and the presence of robust reimbursement frameworks in North America are expected to be primary growth drivers for the market over the next six years. Increasing prevalence of dental disorders in developed markets with high patient awareness levels such as North America and Europe are expected to have a positive impact on market growth over the forecast period.
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Further Key findings from the study suggest:
- The dental systems and parts product segment dominated the overall market and was valued at USD 2,206.2 million in 2013, owing to high usage rates of instrument delivery systems and growing market penetration rates of cone beam CT systems and CAD/CAM. Cone beam CT systems offer lower exposure risks and render higher quality images and the precision attained in dental prosthetics via the use of CAD/CAM technology are some of the factors responsible for their growing market penetration rates.
- The global dental lasers market is expected to grow at the fastest CAGR of 8.5% from 2014 to 2020, on account of the increasing demand for cosmetic and minimally invasive surgical procedures.
- North America was the largest regional market and was valued at USD 2,409.7 million in 2013. The presence of high prevalence rates of dental caries, sophisticated healthcare infrastructure, high patient awareness levels and robust reimbursement framework in the U.S. and Canada are some of factors accounting for its large market share. Europe followed North America in terms of market size in 2013 and is expected to grow at the highest CAGR of 5.3% from 2014 to 2020, primarily due to the presence of high incidence rates of dental disorders and the presence of a well defined dental healthcare provision framework in Western Europe.
- Some of the major players of this market include Danaher Corporation, Dentsply International, A-Dec Inc., Carestream Health, Sirona Dental Systems, Planmeca Oy and others.
For the purpose of this study, Grand View Research has segmented the dental equipment market on the basis of product and region:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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