March 09, 2020
According to a recent study titled ‘North America Dental Equipment & Consumables Market Size By Product, End-use, Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2018 - 2024’, available with Market Study Report LLC, available with Market Study Report LLC, North America dental equipment & consumables market is projected to cross USD 12 billion by the year 2024.
Increasing prevalence of dental disorders is the primary growth driver of North America dental equipment & consumables market. Rising geriatric population who are more prone to dental issues is augmenting the market growth. Increasing cases of various dental problems such as gum disease, dental decay, improper dentures, and oral cancer are bolstering the demand for dental equipment & consumables across the region.
Growing adoption of computer aided design/computer aided manufacturing (CAD/CAM) technology to fabricate accurate structures for dental restoration will boost the market growth in the coming years. Increasing availability of minimal or non-invasive surgical procedure will further enhance the market outlook over the forecast timeline. On the other hand, high treatment cost and unfavorable refurbishment scenarios may hinder the growth of North America dental equipment & consumables industry in the forthcoming years.
The report cites that equipment segment held 35% share of North America dental equipment & consumables market in 2017 and is projected to follow similar growth trends during the study period. The growth can be affixed to growing patient inclination towards dental restoration and cosmetic dentistry. Escalating demand for various equipment such as dental lasers, systems & parts, hygiene maintenance, dental radiology equipment, and laboratory machines for a wide array of dental applications is supporting the segment growth.
Speaking of the end-use spectrum, hospitals segment is expected to accrue USD 2.5 billion by the end of 2024. Frequent visits to hospitals for dental issues and improving dental healthcare infrastructure in hospitals are favoring the segment growth. Additionally, availability of skilled professionals and favorable reimbursement policies are augmenting the demand for dental equipment and consumables in hospitals.
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Considering the geographical landscape, dental equipment & consumables market in the US is estimated to amass USD 11 billion during the forecast years. The growth can be affixed to increasing cases of dental disorders across the region which is surging the demand for surgical and non-surgical procedures. Technological advancement and increasing healthcare expenditure, coupled with the presence of major industry players in the region are expanding the regional business landscape.
Majors players of North America dental equipment & consumables market are BioLase, AMD Lasers, Carestream Dental, Dentsply Sirona, Danaher,3M, A-Dec, Henry Schein, Midmark, GC Orthodontics, and Zimmer Dental.
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