Europe Dental Equipment Market is expected to cross $ 2.2 billion by 2025
Europe Dental Equipment Market Overview:
Europe Dental equipment Market was estimated at $ 1,585 million in 2018 and is expected to reach $ 2,232 million by 2025 at a compound annual rate of 5% over the 2018-2025 forecast period.
Drivers, Challenges and Opportunities:
It is expected that the European dental equipment market will grow at a steep pace over the next few years. Therapeutic and diagnostic technologies and the increase in cosmetic dental advances are some of the key factors that are expected to accelerate the growth of the market over the next few years. It is also expected that trends in the dental tourism industry in some developing countries accelerate the growth of the market in the near future. An increasing number of older people is an important factor that is expected to increase demand for dental equipment in the European nations. Government initiatives related to dental hygiene are another factor that promotes the growth of the market. In recent years, governments in many countries of this region have begun to reform their dental health promotion.
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In addition to the dental equipment market, dentists have also been affected by rising demand for cosmetic products. In the last five years, the amount of money spent on cosmetic dentistry has increased significantly. Inlays/non-metallic ones have increased 380% during the last decade. On the other hand, the increase in taxes on medical devices and the increase in costs of advanced technology equipment would be an obstacle to the growth of the market over the next few years. In addition, the growing market of regenerative dental equipment is another key factor that is expected to limit the growth of the market during the next years.
However, it is expected that the increase in income available to consumers in some of European developing countries will generate promising growth opportunities for market participants around the world.
Geographic Segmentation:
Europe is expected to experience the moderate growth over the forecast period due to the factors like the increased adoption rate by dentists for advanced treatment options for orthodontic applications; supportive government initiatives; increased investments in the development of new equipment and high prevalence of oral cancer.
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Key market players:
Few companies operating in the dental equipment market include 3M Company, Carestream Health, Inc., Biolase, Inc., GC Corporation, Dentsply International, Inc., A-Dec, Inc., Planmeca OY, Danaher Corporation, Ivoclar Vivadent AG, Straumann, Henry Schein, Inc., Hu-Friedy Mgf Co., Noble Biocare, Midmark Corporation and Sirona Dental Systems, Inc.
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