Growth of Dental Equipment Market Trends, Share, Industry Size, Opportunities and Forecast 2017-2024
“Dental Equipment Market: Global Demand Analysis & Opportunity Outlook 2024”
Dental Equipment Market Overview
Dental equipment refers to the devices being used for oral care, detection and treatment of dentistry related diseases. Further, standard dental equipment are the equipment’s used to examine, restore and extract teeth and manipulate tissues. The major advantages of dental equipment comprises of easy removal of teeth and various dental treatment.
Market Size and Forecast
The Global Dental Equipment Market is anticipated to flourish at a CAGR of 5.8% over the forecast period i.e. 2017-2024. Further, the market of dental equipment was valued at USD 6.05 Billion in 2016 and is projected to garner USD 9.5 Billion by the end of 2024. Factor such as, rising demand for dental procedure is anticipated to drive the growth of the global dental equipment market over the forecast period.
In the regional market, North America is anticipated to account for a significant portion of market share in the overall market of global dental equipment over the forecast period. Further, factor such as rising ageing population is expected to increase the growth of North America dental equipment market during the forecast period. Moreover, U.S. is expected to be the largest dental equipment market in North America followed by Canada in the upcoming years. Europe dental equipment market is expected to witness substantial growth over the forecast period. Factor such as, increase in awareness for oral diseases is anticipated to drive the growth of liquid packaging market in Europe in the upcoming years.
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Further, Asia-Pacific is poised to record the fastest growth over the global dental equipment market over the forecast period. Factor such as, adoption of innovative technology and growing medical tourism is anticipated to drive the growth of the dental equipment in Asia Pacific during the forecast period. Based on end user, dental equipment market is segmented into, hospitals, clinics and dental laboratories, out of which, dental laboratories segment is expected to dominate the growth of the global dental equipment market during the forecast period.
Global dental equipment market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, Russia, Turkey, BENELUX, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia, New Zealand, Malaysia & Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and North Africa (GCC, Israel, North Africa, South Africa & Rest of Middle East) Market Size and Y-O-Y Growth Analysis
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Growth Drivers and Challenges
Factor such as, up-surged demand for cosmetic dentistry and rising aging population across the globe is anticipated to intensify the growth of the global dental equipment market during the forecast period. In addition, growing dental tourism and bad eating habits estimated to positively drive the growth of the dental equipment market over the forecast period. Apart from this, implementation of technology such as imaging and radiology is anticipated to be the dynamic factor behind the growth of the dental equipment market. Further, government initiatives pertaining to dental hygiene is expected to supplement the growth of the global dental equipment market over the forecast period. However, limited medical insurance in developing countries, costly medical procedures, high equipment cost and lack of awareness are some of the key factors which are expected to limit the growth of global dental equipment market in upcoming years.
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