Dental Equipment Market is expected to display higher growth rate over the next seven years. Rapid surge in the dental equipment market is credited to technological advancement in dental products to preserve dental hygiene. Growing demand of dental equipment is credited to the factor such as easy to use feature and growth in individual disposable revenue. Globally, the dental equipment industry is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the market.
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The key driving factors responsible for the growth of Dental Equipment market :
The rise number of initiatives undertaken by local governmental and private bodies to promote dental hygiene across the globe is expected to fuel the growth of dental equipment market over the forecast period. Electrically operated dental equipment perform cleaning as well as polishing action on teeth. Dental equipment require less time to perform cleaning and polishing action in comparison with traditional tools.
Additionally, growing popularity of cosmetic dental treatment among general population in both developed and developing economies across the globe is anticipated to drive market expansion in upcoming years. Cosmetic dental treatment allows improvement in aesthetics, and leads in fresh breath. Such factors are critical in influencing market growth during the forecast period.
Increasing geriatric population in both developed and developing economies across the globe amplifies the market growth, in the years to come. Geriatric population is prone towards dental diseases due to weakened immunity. Additionally, easy availability of dental equipment and lowered prices are some of the key factors complementing market growth in the last couple of years. Increasing demand of dental equipment by the middle-income and high-income groups are influencing market growth, in the recent years as well.
The dental equipment industry is broadly categorized into five major segments based on the product type such as dental radiology, lasers, systems & parts, laboratory machines, hygiene equipment. The systems & parts segment is growing rapidly in the dental equipment market with substantial revenue generation in the last few years. Growing popularity of the systems & parts segment is attributed to the growing demand for instrument delivery systems, vacuums & compressors, cone beam CT systems, cast machines and furnace and ovens. The lasers segment has also witnessed substantial growth owing to the introduction of cost efficient devices such as diode lasers, carbon dioxide lasers, and yttrium aluminum lasers.
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