The "Dental Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The dental equipment market was valued at USD 7,650 million in 2020, and it is expected to reach USD 10,150 million in 2026, registering a CAGR of 4.6% during the forecast period, 2021-2026.
Bien-Air Medical Technologies
Carestream Health Inc.
Henry Schein Inc.
Ivoclar Vivadent AG
Key Market Trends
The Prosthodontic Segment is Expected to Have a Significant Market Share
As prosthodontic dentistry has a wide range of tools used for dental corrections, there is a huge application of prosthodontic equipment. There is an increasing demand for dental prostheses across developing and developed nations due to the rising number of older people. However, due to the COVID-19 pandemic, elective and prosthetic dental surgical procedures have been significantly impacted, with all specialties writing various guidelines on how to manage this crisis. Regulatory bodies have had to triage the urgency of their daily surgical procedures and consider non-surgical management options where possible, avoiding all the non-emergent practices, but this is expected to last for a short time, as once the pandemic subsides, the market is anticipated to grow.
The increasing attention being given to appearance by people, compelling them to go for prostheses, and technological innovations and product launches have also created a boom in the market. For instance, in March 2018, Ormco launched Symetri Clear, the next generation of aesthetically pleasing ceramic twin brackets. In addition, this increase in demand for prosthodontic is also fueling the demand for dental radiology equipment such as cone beam computed tomography (CBCT), because it is considered a unique imaging option for various treatment needs of a prosthodontist. It has proved beneficial in various aspects of prosthodontic practice, i.e., from imaging of the temporomandibular joint to denture therapy.
Major players are also coming up with novel and technologically advanced CBCT in the market. For instance, in September 2019, Planmeca launched the Planmeca Viso G5, its novel CBCT unit, at the ADA FDI 2019 World Dental Congress in San Francisco. The new Planmeca Viso G5 CBCT unit has unique features and an unlimited field of view that offers better visibility. Overall, owing to the novel product launches and increasing preference for cosmetic dentistry, the prosthodontic segment of the market is expected to register a significant share.
North America Dominates the Market and is Expected to Follow the Same Trend over the Forecast Period
North America accounted for the largest share of the market due to factors such as wide acceptance of technological advancements in dental equipment, like lasers, intra-oral cameras, digital radiography, and CAD/CAM systems, continued favorable demographic trends, and heightened consumer awareness of the importance of oral hygiene to the overall health. In December 2019, BIOLASE Inc. launched a new Epic Hygiene laser after the Food and Drug Administration's (FDA) clearance.
Also, as per research conducted by RAND Corporation, Arlington, United States, in September 2020, nearly half of the respondents (46.7%) reported delaying going to the dentist or receiving dental care due to the COVID-19 pandemic in the country. Among them, 74.7% reported delaying a check-up, 12.4% reported delaying care to address something that was bothering them, and 10.5% reported delaying care to get planned treatment. This delay in treatment is expected to worsen the disease in the future, which may increase the chances of more dental caries and infections. Thus, in the future, the market is expected to register lucrative growth.
Key Topics Covered:
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Aging Population Coupled with Increasing Incidence of Dental Diseases
4.2.2 Increasing Demand for Cosmetic Dentistry
4.2.3 Innovation in Dental Products
4.3 Market Restraints
4.3.1 Increasing Cost of Surgeries
4.3.2 Lack of Proper Reimbursement of Dental Care
4.3.3 Lack of Awareness
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION (Market Size by Value)
5.1 By Product
5.2 By Treatment
5.3 By End User
5.4.1 North America
5.4.4 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.2 A-Dec Inc.
6.1.3 AMD Lasers
6.1.4 Aseptico Inc.
6.1.5 Bien-Air Medical Technologies
6.1.6 Biolase Inc.
6.1.7 Carestream Health Inc.
6.1.8 Danaher Corporation
6.1.9 Dentsply Sirona
6.1.10 GC Corporation
6.1.11 Henry Schein Inc.
6.1.12 Ivoclar Vivadent AG
6.1.13 KaVo Dental
6.1.14 Midmark Corp.
6.1.15 Nobel Biocare
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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View source version on businesswire.com: https://www.businesswire.com/news/home/20210415005442/en/
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