A recent report published by
Infinium Global Research on the dental equipment and consumables market provides an in-depth analysis of segments and sub-segments in the global as well as
regional dental equipment and consumables market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
dental equipment and consumables market over the short term as well as the long
term. The report is a comprehensive presentation of trends, forecasts, and dollar
values of the global dental equipment and consumables market. According to the
report, the global dental equipment and consumables market is projected to grow
at a CAGR of about 8.5% over the forecast period of 2022-2028.
The global dental equipment and
consumables market was valued at about USD 43 Billion in 2022 and is expected
to reach nearly USD 70 Billion in 2028, with a CAGR of about 8.5% during the
forecast period. Dentists are looking for advanced tech equipment to improve
office productivity, expand their procedure capabilities, and attract new
patients with a state-of-the-art office appearance. The advent of technology
and advanced medical therapies has brought about a commendable transformation
in the dental equipment & consumables market in recent years. Given the
extensive proliferation of innovative tech breakthroughs in the medical space,
it does not quite come as a surprise that companies partaking in the dental
equipment & consumables industry share have been vying with one another,
striving to bring forth a range of enviable, high-grade dental components.
Additionally, dental problems do not come under the health insurance scheme of
several insurance companies, hence people search for low-cost and better
treatment for the dental health care problem.
Growing oral health problems on an
account of unhealthy eating habits, food that contains a high amount of starch
and sugar, coupled with an increasing number of dental disorders will primarily
drive the dental equipment & consumables market growth. According to the
Study of Global Burden of Disease estimated that approximately 3.5 billion people
worldwide due to oral diseases, with caries of permanent teeth being the most
common condition1. Globally, it is estimated that 2 billion people suffer from
caries of permanent teeth and 519 million pupils suffer from caries of primary
teeth. In most low- and middle-income countries, the prevalence of oral
diseases continues to increase with growing urbanization and changes in living
conditions. This is primarily due to inadequate exposure to fluoride,
affordability, availability of food with high sugar content, and poor access to
oral health care services in the community. Due to these factors, the growth of
the market is expected to enhance during the forecast period. Additionally,
growing oral health problems and raising awareness of oral health care will
further fuel industry market growth. However, excessive cost of treatment for
dental procedures, and selective parameters of reimbursement according to the
patient’s employer that complicates costing on the patient’s end will hamper
the market growth.
Due to the outbreak of COVID-19,
the Dental Equipment and Consumables Market was negatively affected during the
forecast period. During the pandemic escalation and global spread, the dental
care sector has experienced numerous challenges. In order to reduce the risk of
the pandemic, governments imposed various restrictions such as quarantines,
lockdowns, and trade restrictions. Furthermore, due to the increasing awareness
and health consciousness among the population healthy eating habits were developed.
The shutdown of the dentist's and dental specialist’s clinics during the
covid-19 pandemic affected the growth. However, the growth of the market was
majorly restrained due to the increasing protocols and safety measures for
inspection during the pandemic.
Based on the region, the worldwide
dental equipment and consumables market is segmented into the Asia Pacific,
North America, Europe, and also the Middle East & Africa. Among the
regions, North America is the largest region in the dental equipment and
consumables market due to the increasing presence of the major market players
in the U.S. during the forecast period. An increasing number of patients and
spending on cosmetic surgeries has enhanced the growth of the North American
region. Furthermore, growing advanced and innovative treatment technologies to
reduce the infection risk has fuelled the market growth in the Europe region.
The Asia Pacific region is expected to be the fastest-growing region due to the
well-established reimbursement policies and the presence of a strong medical
infrastructure.
The report on the global dental
equipment and consumables market covers segments such as product type, and
end-user industry. On the basis of product type, the sub-markets include
equipments, and consumables. On the basis of end-user industry, the sub-markets
include hospitals, dental clinics, and others.
The report provides profiles of
the companies in the market such as 3M Company, Carestream Health Inc., Danaher
Corporation, Dentsply Sirona, Ivoclar Vivadent AGC, Patterson Companies, Inc.,
Straumann Holdings AG, Zimmer Dental GmbH, A-dec, Inc., and AMD Lasers inc.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the dental equipment and consumables market. Moreover, the study highlights
current market trends and provides forecasts from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings insight into the market share of the leading players.
Please Choose One of them.