July 07, 2020
According to the research report titled ‘Global Dental Manufacturing Market - Analysis By Product Type, By Product Sub-Type, End User, By Region, By Country (2019 Edition): Opportunities and Forecast (2019-2024) – Consumables, Equipment available with Market Study Report LLC, global dental manufacturing market accumulated revenues worth USD 28,802.19 million in 2018 and is expected to register substantial growth by the year 2024.
Rising geriatric population couple with availability of advanced dental healthcare infrastructure are major factors driving the growth of dental manufacturing market. Inclination towards using artificial intelligence and digital technology has not only allowed for improved dental practices but has also enhanced overall patient experience. Improving economic conditions and booming dental tourism is also fueling the market size.
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Growing demand for aesthetic and cosmetic dentistry along with increasing preferences towards minimally invasive procedures which are less painful are also stimulating the industry outlook. Various market majors are coming up with innovative technology in order to reduce the workflow of dentist. Additionally, surging investments towards regional expansion of dental manufacturing facilities along with rising adoption of dental lasers and electrosurgical equipment are aiding the market expansion.
Numerous governments across the globe are concentrating on creating awareness among people regarding dental disorders as well as to eradicate them. Moreover, technological breakthroughs such has development of artificial intelligence and robotics technology is positively influencing dental manufacturing market growth.
As per product type, the market is split into equipment and consumables. The consumables segment is further bifurcated into endodontic supplies, dental biomaterial, dental burs, dental prosthetics, dental implants and others, whereas the equipment segment is categorized into dental system and parts, dental hygiene maintenance, dental lasers, dental radiology, and others. The end-user scope of global dental manufacturing industry comprises of dental laboratories, clinics, and hospitals.
Regionally, the market is bifurcated into regions such as Asia-Pacific, Europe, North America, and Rest of the World while focusing on India, China, Japan, rest of APAC, Poland, Spain, UK, France, Germany, rest of Europe, Canada, and U.S.
The prominent companies operating in global dental manufacturing industry are Carestream Health, Invoclar Vidadent AG, Platterson Companies Inc., Planmeca Oy, Zimmer Biomet Holdings Inc., Henry Schein Inc., Straumann Group, Biolase Inc., Dentsply Sirona, and Danaher Corp. among others.