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Dental Equipment Market Expected to Reach $15.5 Billion by 2031—Allied Market Research

 
2022
Dental Equipment Market

Report Code : A00263

quote Growing demand for oral hygiene, high prevalence of gingivitis, caries, and advancements in the medical sector have led to increase in demand for dental equipment, thus, contributing to the dental equipment market growth in the upcoming years. Also, growing disposable income and affordability for high-cost treatment facilities among people, worldwide, is further likely to have a positive impact on the growth of dental equipment market. quote

Vitika Verma - Manager
Life Sciences at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Dental Equipment Market," The dental equipment market was valued at $8.5 billion in 2021, and is estimated to reach $15.5 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

Dental equipment refers to instruments used to perform dental therapy, which includes inspection, treatment, repair, and removal of teeth and oral tissues. Dental radiology equipment, dental lasers, dental software and imaging, mechanical systems, laboratory machines, hygiene maintenance devices, and other equipment are all part of the dental equipment. Rising healthcare expenditure and presence of sophisticated healthcare infrastructure, are major factors estimated to propel the dental equipment market growth in the upcoming years.

However, lack of reimbursement facilities and high cost of dental imaging systems for dental procedures are the major restraints faced by the dental equipment market trends. Most companies and insurance agencies do not cover dental treatment in their policies which make it difficult for most people to afford such high treatment cost. Also, people in developing and underdeveloped countries are not able to afford expensive dental treatment options due to their less income. This factor is also likely to have a negative impact on the dental equipment market share growth in the forecast time.

The dental services business is expected to grow steadily due to rise in disposable incomes and increase in demand for oral health services. Increase in dental radiology equipment and dental imaging equipment is expected to drive the dental equipment market size. Novel dental technology is preserving its natural teeth for extended period of time in aesthetic, restorative, and preventative way and products that serve ageing population. Growing awareness of oral hygiene and rising perception regarding appearance influence the growth of dental equipment. These factors are anticipated to boost the dental equipment market demand in the upcoming years.

The dental equipment market is segmented on the basis of procedure type, product type, end user, and region. By procedure type, it is classified into restorative, peridontal, endodontic, orthodontic, and others. By product type, it is classified into dental laser equipment, dental radiology equipment, dental software & imaging, mechanical systems, and others. By end user, it is classified into hospitals, academic institute & research centers, and dental clinics. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the dental equipment market report include, A-Dec Inc., Aseptico Inc., 3M, Biolase Inc., Bien-Air Medical Technologies, Dentsply Sirona, GC Corporation, Danaher Corporation, Henry Schein Inc., and Ivoclar Vivadent AG.

Impact of COVID-19 on Global Dental Equipment Industry

  • The COVID-19 pandemic had a significant impact on dental practice. Dental practitioners are attempting to adjust to the new regulations.
  • Sales of dental equipment are directly proportional to the demand from hospitals and clinics. However, various sectors, such as academic institute and research centres were negatively impacted by the COVID-19 pandemic that has affected the production and demand for dental equipment due to disrupted supply chain.
  • Social distancing norms, closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global market.

Key Findings of Study

  • By procedure type, the orthodontic segment emerged as the global leader in 2021 and the endodontic segment is anticipated to be the fastest growing segment during the forecast period.
  • By product type, the dental laser equipment segment emerged as the global leader in 2021 and the dental software and imaging segment is anticipated to be the fastest growing segment during the forecast period.
  • By end user, the hospitals segment emerged as the global leader in 2021 and the dental clinics segment is predicted to show the fastest growth in the upcoming years.
  • Region-wise, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.

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quote Dental Equipment Market by Procedure Type (Restorative, Peridontal, Endodontic, Orthodontic, Others), by Product Type (Dental Laser Equipment, Dental Radiology Equipment, Dental Software and Imaging, Mechanical Systems, Others), by End user (Hospitals, Academic Institute and Research Centers, Dental Clinics): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

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