Dental Equipment – Advance low cost
technologies to drive the dental equipment market
Dentistry is an ever-evolving healthcare segment,
with numerous technologies being researched, developed, tried and
commercialized to improve therapy outcomes. Growing number of dental
clinics is in turn driving adoption of dental lasers, computer-aided
design and computer-aided manufacturing (CAD/CAM) systems, dental
radiology equipment, and other laboratory equipment.
The global dental equipment market was valued at
US$ 6,342.3 million in 2015 and is expected to expand at a CAGR of
4.7% during the forecast period (2016 – 2024).
Figure 1. Global Dental Equipment Market
Size and Forecast, US$ Million and Y-o-Y Growth (%), 2014–2024
Source: Coherent Market Insights Analysis (2017)
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Advent of CAD/CAM & 3D printing
fueling dental equipment market growth
Laser and electro surgery techniques enable
precise incision during surgeries, causing minimal damage to tissues
and subsequently aiding faster healing. Advent of CAD/CAM has reduced
time for prosthodontic restoration procedures to one day. Replacement
of conventional radiology equipment with digital radiology equipment
equipped with picture archiving and communication systems (PACS)
facilitates archiving treatment records. 3D printing technology has
improved outcomes of dental treatments. Cone beam CT systems provides
clear extra oral images with minimal exposure to harmful X-rays
compared to the conventional CT systems.
High treatment costs in developed
economies fueling influx of dental tourists in emerging economies
According to the New National Survey published in
the American Dental Association in 2014, 40.2% of adults in the U.S.
indicated that they would forego dental care due to high costs
associated with it. According to 2016 statistics of the Oral Health
Foundation, 88% of adults in the U.K.do not have dental insurance and
around 63% of adults prefer visiting National Health Service (NHS)
dentists rather than private dentists due to high costs associated
with the later. High dental cost involved in cosmetic dentistry
dental caries, periodontal disease treatment and overall dental care
in developed economies is fueling growth of dental tourism in
emerging regions such as Asia, Latin America, and Eastern Europe.
Rapid development of dental tourism hubs such as India and Brazil
would spur growth of the dental equipment market in emerging regions.
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Increasing preference for refurbished
dental equipment impacting the growth of overall dental equipment
market
Budget constraints in emerging countries such as
India, China, Brazil and Eastern European countries is driving demand
for refurbished dental equipment. This aids the newly established
dental clinics and laboratories to achieve cost-efficiency with
quality throughput. New dental equipment such as cone beam CT
systems, vacuums & compressors, cad/cam, digital X-ray units and
laboratory equipment involve high capital investment. This may
increase the cost of patient dental procedures, thus negatively
impacting the number of patient visits. Therefore, most dentists and
hospitals in emerging countries prefer refurbished equipment, which
in turn helps them pass on the cost-saving benefits to their
patients. Market players such as Danaher Corporation, Planmeca Oy,
and Dentsply Sirona, Inc. must consider the cost parameters while
targeting the cost-sensitive customer base in emerging countries that
are projected to be highly lucrative dental equipment markets in the
near future.
About Coherent Market Insights:
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Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1–206–701–6702
Email:sales@coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1–206–701–6702
Email:sales@coherentmarketinsights.com
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