Technological Advancements will Fuel the Dental Equipment Market Globally
Published On : Jul 28, 2014
The dental equipment market is going through many changes due to the modern technological advancements. It is predicted by an American sociologist and futurist, John Schaar that the dental-care system will evolve more in the coming 20 years, than it had in the past 50 years. Schaar has stated that, practitioners of dentistry that fail to change with these trends are likely to face stagnation. Dental equipment and imaging devices find their applications in dental clinics. These equipment and devices are used for diagnosing or treating various dental disorders such as gingival disease and caries.
Dental Equipment Market Determinants
There are many elements present globally that affect the dynamics of the dental equipment industry.
The key market driver which supports the growth of the market of dental equipment is the advancement in diagnostic and treatment technologies. Revolutionary technological advancements in the dentistry field by researchers around the world are focused on providing dental equipment and devices which provide the optimum benefits to the patients with least amount of discomfort. Patients tend to travel long distances to receive the best of the dental treatments which can be either to find cheaper dental care or for quality services. This growing trend of dental tourism is boosting the dental equipment industry. Also, surging cosmetic dentistry market trends and the global aging population’s demand for dental-care services help to contribute towards the growth of this market.
Growing demand for refurbished dental equipment around the world tends to hamper the growth of the dental equipment market. Since, the new dental equipment and imaging devices are expensive; many practioners prefer to invest in refurbished equipment. Also, the most modern dental equipment is available at a high cost, which tends to discourage the development of the market. Two other elements which constrain this market’s growth are fluoridation measures for decay prevention and taxes on medical devices.
Segmentation of Dental Equipment Market
The dental equipment according to the product type is divided into six main segments which are dental radiology equipment, dental laboratory machines, dental lasers, dental equipment system and parts, dental hygiene maintenance devices, and other equipment.
Under the dental radiology equipment there are two sub-divisions which are intra-oral equipment (digital x-ray units) and extra-oral equipment (digital and analog). Dental lasers segment is further divided into diode lasers (quantum well lasers, distributed feedback lasers, separate confinement heterostructure lasers, quantum cascade lasers, and vertical external cavity surface emitting lasers), vertical cavity surface emitting lasers, carbon dioxide lasers, and yttrium aluminum garnet lasers.
The segment of dental systems and parts includes sub-categories which are products instrument delivery systems, vacuums and compressors, cone beat CT systems, electrosurgical equipment, cast machine, furnace and ovens, CAD/CAM, and others. Laboratory machines dental equipment segment is further divided into ceramic furnaces, electronic waxer, hydraulic press, micro motor, and hydraulic press. Dental hygiene maintenance devices segment consists of sterilizers, hypodermic needle incinerator, and air purification and filters. Under other dental equipment section, products such chairs, light cure, scaling unit, and hand piece are included.
Global Dental Equipment Market Insights
According to geography, the global dental equipment industry is divided into four major zones which are North America, Asia, Europe, and Rest of the World. The top three dominating key companies in this market are Danaher Corporation, Planmeca Oy, and Sirona Dental Systems. Some other companies in the market are Ivoclar Vivadent AG, Biolase Inc., Henry Schein Inc., CareStream Health, GC Corporation, Dentsply International Inc., A-dec Inc., and others.
According to a market intelligence company, during the forecast period of 2012 to 2018, the global dental equipment market will value at USD 7.6 billion by 2018 by a grow at a 4.7% CAGR. The same company stated that the value of this market was USD 5.5 billion in the year 2011. European market of dental equipment will grow at a CAGR of over 5% during the forecast period, while the Asian market will grow at a CAGR of 4.1% during the forecast period.
The global dental equipment industry will experience high growth in the coming few years due to the increasing disposable incomes trend in developing countries and increasing elderly population.