May 19, 2020
As per the report titled ‘Dental Equipment & Consumables Market Size By Product By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report LLC, global dental equipment & consumables market is estimated to see lucrative growth trends during 2020-2026.
High prevalence of dental disorders among the global population and ongoing R&D activities in dentistry are the major growth drivers of global dental equipment & consumables market. Rising dental tourism in emerging economies due to comparatively cheaper dental treatments is further enhancing the market growth. Moreover, advancement in cosmetic dentistry are enabling practitioners to address functional as well as aesthetic concerns of their patients. Growing inclination towards cosmetic dentistry for improved appearance is positively impacting the market outlook.
Based on product, equipment segment garnered USD 8 billion in 2019 and is poised to show decent growth in the coming years, primarily driven by growing demand for dental surgeries. Some of the essential dental equipment include delivery systems, operatory cabinetry, handpieces, dental operatory lights, sterilization equipment, and X-ray imaging equipment. Deployment of these products in newly established dental clinics as well as shifting focus of existing centers towards upgradation will continue to stimulate the segment growth in the coming years.
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Elaborating on the end-use spectrum, market share from ambulatory surgical centers (ASC) is expected to register 5.8% CAGR during the forecast period. ASC provides scheduled surgical procedures on an outpatient basis. These centers offer safe and time-efficient means to treat dental problems in children. These factors coupled with advancements in medical technology and changes in payment arrangements are contributing to the segment growth.
Considering the geographical landscape, Asia Pacific dental equipment & consumables market is expected to show a robust growth in the coming years owing to rising dental tourism and increased pervasiveness of dental disorders in the region.
Major players operating in global dental equipment & consumables market are Biolase, A-Dec, Danaher Corporation, GC Orthodontics America, Dentsply Sirona, Midmark Corporation, Carestream Health, Planmeca OY, VATECH, and Acteon.