Dental Equipment is paramount to major and minor dental hospitals, facilities, and institutes. Be it autoclaves, or adjustable dental chairs, surgical appliances, or dental implants, dental equipment entails the fruitful practice of a successful orthodontist.
This article examines the dental equipment market trends and future opportunities. It elucidates the multiple scenarios in which their market anticipates the growth and challenges it encounters.
Keep reading further to know more.
Dental Equipment Market
The dental equipment market recorded a turnover of 6.90 billion US dollars in the year 2016. This value estimates attaining a milestone of 9.04 billion US dollars by the year 2022, which is a CAGR of 4.60%.
Key Drivers Ushering the Demand for Dental Equipment
As stated previously, the significance of premium quality dental equipment stands unparalleled in the dental world. Its market has been peaking up substantially in the last few years because of the following reasons:
Growth in the geriatric population.
Demand for beatification and cosmetic dentistry.
Enhancement in dental ailments and diseases. With enhancing the diabetic population, estimated to rise by 154% (415 million in 2015 to 642 million in 2040), the requirement for periodontal care will also take an upward trajectory.
Accidents and road rages leading to dental damages.
Increasing dental issues in children.
Innovative dental products to maintain excellent oral hygiene.
Challenges to Dental Equipment Market
Despite amplifying demand, here are some pertinent restraints to the dental equipment market:
The high cost of dental lasers may be unaffordable for low-income groups in underdeveloped countries.
Scarcity of skilled dental practitioners in developing countries.
Knockout out and inferior quality dental products may hamper their future market.
Global Dental Products
Here is an outline of the dental products available and employed in dental facilities. Log in to https://zepnurhealth.com/ to learn more about these products and get in touch for the best quote.
General and diagnostic equipment
Dental lasers (soft tissue and hard tissue lasers)
Radiology equipment (extra-oral radiology and intra-oral radiology equipment)
Dental biomaterials (including bridges, crowns, implants, etc.)
Surgical appliances and handsets
Dental light curing equipment
Instrument delivery system
COVID-19 Impact on Dental Equipment Market
COVID-19 medical emergency has stagnated the dental equipment market. One of the major reasons behind this is the complete lockdown in approximately all major cities of the world.
And despite a phased reopening of dental facilities, dental practitioners maintain extra caution while diagnosing their patients.
This has even led to a drop in its flourishing market. In fact, the pandemic has declined the market for dental equipment including diagnostic appliances, surgical products, lasers, implants, etc.
However, the market for oral hygiene products continues to expand owing to the increasing demand for dental hygiene during COVID-19. This basically accounts for the growing awareness among the educated and urban populations to use oral dental care products.
As per figures, the global dental equipment market anticipates a decline from $0.2 billion in 2019 to $0.1 billion in 2020 at a CAGR of -21.3%. The market is expected to recover and grow at a CAGR of 5.5% from 2021 and attain a value of $0.2 billion in 2023.
North America: A Giant in the Dental Equipment Market
North American countries have the largest share in the dental equipment market. This is because of their pro welcome inclination towards technologically advanced dental surgeries including lasers and implants.
Furthermore, most of the North American population is extraordinarily aware about the dynamics of oral health and hygiene. They practice those dynamics with due caution and required standards.
Europe records the second highest market share for dental equipment followed by Asian countries like China, India, South Korea, Singapore and Thailand. Growing demand in these countries accounts to the disposable income of their population and of course, the harsh repercussions of COVID-19.
Key Players in Dental Equipment Market
Here is a list of major dental equipment companies and stakeholders:
Carestream Health Inc.
Patterson Companies Inc.
Altogether, the dental equipment market has a flourishing scope in the global economy. It is expected to contribute substantial shares in the world GDP. However, the COVID-19 pandemic has halted its optimal trajectory due to inevitable restraints and challenges.
Yet the market anticipates developing in few decades down the line.
ZEPNURhealth is a premium dental and healthcare equipment procurement company in India. We facilitate top notch dental care solutions across the country.