The tools used to perform dental therapy, such as inspection, treatment, restoration, and the extraction of teeth and nearby oral structures, are known as dental equipment. Dental radiology gear, dental lasers, lab apparatus, hygienic upkeep tools, and other gear are all included in the dental equipment.
The market worth of dental equipment in 2021 was USD 6.13 billion, and it will reach USD 11.96 billion by 2030, growing at a 7.7% CAGR during the forecast period.
The market for dental equipment is expanding due to factors including rising healthcare costs and the availability of advanced healthcare infrastructure, as well as an increase in the prevalence of oral health issues and the need for cosmetic dentistry among an aging population.
Market Dynamics
Drivers
An increase in dental disease incidences and a growth in demand for cosmetic dentistry primarily drive the market for dental equipment. Per the World Health Organization (WHO) estimate, from March 2020, around 3.5 billion people worldwide have suffered from oral and serious gum diseases, which can lead to tooth loss. Additionally, the market is expanding as a result of the increased prevalence of oral health problems, moderately active and changing lifestyles, consumer awareness, and dental tourism.
Restraints
Dental laser therapy is significantly more expensive than traditional dental procedures. It varies between USD 6700 and USD 78000 depending on wavelengths, specs, delivery methods, and add-ons, limiting the market’s expansion.
Opportunity
Emerging nations like those in India, China, Latin America, and the Middle East can profit from dental tourism because dental procedures in places like North America and Europe are so expensive, According to a Brandon Green study that was posted on the Fox News website, more than 400,000 Americans decided to receive dental care abroad. This demonstrates how extensively accepted dental care has grown in wealthy countries.
Market Segmentation
Product Insights
The dental systems and parts ruled the entire market, with the largest share of 39.1% in 2022. These systems and components’ operation and performance are crucial for a dental procedure to be effective. The main drivers for this market are the technical developments and intense R&D efforts by key companies to provide practitioner-friendly and highly effective equipment to facilitate seamless processes.
The dental laser segment will expand robustly due to its growing adoption in surgical and teeth-whitening operations.
End-user Insights
In 2020, the hospital and clinics segment led the overall market with the largest market share. Per the Indian Dental Foundation, there are approximately 297 dental schools, 1,80,000 dentists, 90% of whom work in hospitals and clinics in big cities, and they serve a population of over 1 billion people. This is because there is greater availability of modern, digitally upgraded equipment and a rise in dental clinics and hospitals, all of which contribute to this market’s overall expansion.
Regional Insights
North America ruled the entire market with a share of more than 38.35% in 2022. This is due to factors including an increasing elderly population, a robust healthcare system, set reimbursement guidelines, the presence of important players, and improvements in restorative and preventive dental procedures. Additionally, 85% of Americans, according to the American Dental Association, believe that oral health is a crucial component of overall care and places high importance on maintaining good dental health.
Asia Pacific region will be the fastest growing market. China, Japan, and India are developing nations with advanced medical infrastructure and facilities currently concentrating more on leading through R&D efforts. They have the necessary funding and facilities to carry out the same. Asia is predicted to account for 43.6% of all expenditures, with China, Japan, and India leading the way in terms of R&D expenditures.
Key Players
- Envista Holdings
- A-dec Inc.
- DENTSPLY Sirona
- GC Corporation
- Midmark Corporation
- Planmeca Group
- J. MORITA CORP.
- b&d dental equipment liquidators
- BIOLASE, Inc.
- BEGO GmbH & Co. Kg
- Ultradent Products, Inc.
- Straumann Holdings AG
- 3M Company
- 3Shape A/S
- Nakanishi Inc.
The market worth of dental equipment in 2021 was USD 6.13 billion, and it will reach USD 11.96 billion by 2030, growing at a 7.7% CAGR during the forecast period. The market is driven by factors like the rising senior population suffering from oral disorders, changing medical tourism related to dental treatment, and the introduction of several government efforts for public oral health care. Additionally, the industry is being driven by the launch of cutting-edge and effective dental goods by large corporations.
