May 12, 2020

Dental Devices Market Key Players: Value Chain, Stakeholder Analysis and Trends

The global dental equipment market is expanding at a sturdy pace, majorly due to advancements in several dental treatment procedures. Availability of improved technologies for conducting root canal treatment (RCT), and other similar dental procedures, has played an integral role in market growth. Furthermore, the changing lifestyles of the masses have been a major cause of deteriorating dental health on a global scale. Therefore, there is an urgent need to foster innovation and improvement across dental technologies. Several dentists have asserted the need for improved technologies for treatments. These dentists have pointed to key areas where there is lack of effective technology to expedite treatment. Therefore, availability of improved dental equipment is an important factor that contributes toward comprehensive development of the medical fraternity.

Need for agile and compact dental equipment has given a thrust to market growth. Several areas near the jaw and dental cavity are inaccessible by obsolete dental aids. Therefore, nimble technologies that can help in performing dental treatments with palpable ease are the top-most priority of medical experts. Furthermore, people from all age groups are equally prone to the incidence of dental disorders or problems. Therefore, the use of dental equipment of various sizes and grades has become a necessity for dentists around the world. Availability of dental equipment across surgical shops has emerged as a launch pad for the growth of market vendors.

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Market Growth Rate to Remain Steady

Transparency Market Research (TMR) finds that the global dental equipment market held a value of US$7.6 bn in 2018. Furthermore, the CAGR of the global dental equipment market between 2012 and 2018 is tabulated at 4.70%. The growth of this market largely relies on improvements in the field of dental analysis, diagnosis, and treatment. The stellar demand for dental treatment amongst children and adolescents has created fresh opportunities for market growth.

In this report preview, Transparency Market Research decodes some of the leading factors responsible for market growth. The key segments pertaining to the global dental equipment market have also been enunciated herein.

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Increasing Demand for Dental Lasers to Influence Growth of Overall Market

On the basis of product type, the global dental equipment market can be segmented into dental lasers, laboratory machines, and cone beam CT systems amongst others. The rising demand for dental lasers can be attributed to the increasing inclination of the masses toward non-invasive treatment lines. Dental chairs are an inherent part of all major clinics and dental-care units. Furthermore, the light cure equipment and dental torches are gathering immense popularity amongst dentists. There is little contention about the need for dental extraoral radiology in modern-day healthcare centers.

North America to Witness Paced Growth

On the basis of geography, the global dental equipment market can be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East. The stellar growth of the North American market can be attributed to advancements in healthcare analysis and treatment. Furthermore, medical reimbursements in the US are duly credited, and there are strict regulations and ordinances to effectuate them.

Some of the key vendors covered in the report by TMR are Sirona Dental Systems Inc., Ivoclar Vivadent AG, Straumann, Dentsply International Inc., and Biolase Inc.

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