Increasing prevalence of tooth related diseases and infection is anticipated to drive the dental equipment market. Continuous increasing population coupled with changing food habits like more consumption of chocolates, junk food, tobacco and alcohol instead of fruits and green vegetables is likely to push the market for dental equipment. Continuous innovation in technology has bought a revolutionary change in dental market owing to its cost effectiveness, simplicity and noticeable difference. Owing to the growing incidents of dental caries and other periodontal diseases, the tooth implantation market is expected to witness lucrative growth over the forecast period. The dental radiology equipments are anticipated to show significant growth rate in coming five years due to improved quality and high efficiency.
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Some of the other factors like rising geriatric population, availability of sophisticated technology and rising cases to tooth loss is likely to drive the global dental equipment market. Developing economies possess huge potential market for dental equipment owing to continuously increasing targeted population and increasing awareness about dental care. Heavy taxation in medical devices and expensive digital dental equipment are the main restrain of this market. Growing medical tourism is also anticipated to provide significant growth opportunity in the dental equipment market. Globalization has provided a huge platform to developed nations to produce the same dental equipment at a much lower cost by outsourcing its production.
Product Insights
The global dental equipment market is divided into dental radiology equipment, dental lasers, dental system and parts, hygiene maintenance devices, laboratory machines and others. Dental system and parts products was consisting the largest market share in 2013. Owing to its operation in real time using computer aided devices and computer aided machines.
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This segment is expected to show significant growth rate by 2020 due to advancement in technologies in form of cone beam CT system. Dental system and parts is further classified into instrument delivery system, cone beam Ct system market, vacuum & compressors, cast machine, furnace and ovens, CAD/CAM, electrosurgical equipment and other dental system and parts. CAD/CAM market was the largest market in 2013 by its revenue. CAD/CAM is anticipated to show excellent growth over the forecast period. Owing to its wide rand implementation in 3-unit and 4-unit tooth bridge implantation and crowns. Its ability to produce relatively more precise prosthesis/restoration and speedy production process.
Regional Insights
The global dental equipment market is divided into North America, Europe, Asia Pacific and RoW. North America was the most dominant region in 2013 by revenue. Owing to increasing investment in research and development, continuous rising geriatric population and technical advancement in healthcare are the main drivers which will continue to propel the growth of this region over the forecast period. Asia Pacific region includes China, India, Japan, South Korea, Brazil and other Asian nations are expected to be the fastest growing segment in coming five years owing to increasing population base, huge unserved potential market and continuous improvement in technology. This region possess a huge idle market for dental equipment, there is a gap between demand and supply of dental treatment in this region.
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Competitor Insights
3M Company, Midmark Corporation, A-dec, Inc., Carestream Health, Danaher Corporation, BIOLASE Technology, Dentsply International, Ivoclar Vivadent, Planmeca Oy, and Sirona Dental Systems Inc. are some of the key market players of dental equipment market. The market is highly competitive and monopolistic in nature. Firms are going through many mergers, acquisition, geographical expansion and new product development to gain the maximum market share. Since the market is highly competitive firms are continuously improving their product to survive in long run.
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