Market Overview: The global dental equipment market reached a size of USD 10.6 Billion in 2022, and it is projected to experience a rapid Compound Annual Growth Rate (CAGR) of 6.2% throughout the forecast period. Key drivers of market revenue growth include the increasing prevalence of oral diseases, a surge in demand for Cosmetic Dentistry, a growing aging population, and advancements in dental technology. Dental equipment, which encompasses tools utilized by dentists for various dental procedures, is crucial for examining, manipulating, treating, and restoring teeth and oral structures.
Additionally, the escalating incidence of dental problems globally, with dental caries being the most common oral ailment affecting approximately 3.5 billion people, contributes to the rising demand for dental equipment. The need for such equipment is also driven by the increasing prevalence of periodontal diseases and other oral health issues.
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Government Regulations: Various regulatory bodies govern dental equipment across different regions. In the United States, the U.S. Food and Drug Administration (FDA) ensures the safety and efficacy of medical devices in the dental industry. In the European Union, the Medical Device Coordination Group (MDCG) sets regulations, while Health Canada’s Medical Devices Bureau oversees dental equipment in Canada. China has its regulatory system, requiring registration for all medical devices. Compliance with these regulations is essential for manufacturers to sell their products globally.
Product Categories: The global dental equipment market is categorized into diagnostic equipment, therapeutic equipment, and general equipment.
1. Diagnostic Equipment:
· Accounted for the largest revenue share in 2022.
· Attributed to the rising prevalence of chronic illnesses and the demand for minimally invasive procedures and advanced imaging technologies.
2. Therapeutic Equipment:
· Expected to register a significantly fast revenue growth rate.
· Driven by the demand for sophisticated and minimally invasive surgical techniques, including robotic surgery and laparoscopic surgery.
3. General Equipment:
· Expected to account for a significantly large revenue share.
· Driven by the increasing demand from healthcare institutions such as hospitals, clinics, and nursing homes.
End-use Segmentation: Based on end-use, the global dental equipment market is segmented into hospitals, dental clinics, and others.
1. Dental Clinics:
· Expected to register the fastest revenue growth rate.
· Driven by the increasing number of dental clinics, rising disposable incomes, oral health awareness, aging population, and technological advancements.
2. Hospitals:
· Expected to account for a significantly large revenue share.
· Driven by the increasing number of dental treatments in hospitals, particularly in emerging economies, and the adoption of cutting-edge dental technology.
Regional Insights: The North America market dominated the global dental equipment market in 2022, driven by high dental awareness and a rising incidence of oral disorders. Europe is expected to experience steady revenue growth due to government support for dental healthcare and the presence of major market players. The Asia Pacific market is projected to witness substantial growth, fueled by a rising senior population, increasing disposable incomes, and growing awareness of oral hygiene.
Major Companies and Players: The global dental equipment market is highly competitive, with major players such as Dentsply Sirona, Danaher Corporation, Foshan Gladent Medical Instrument Co., Ltd., Henry Schein Inc., Ivoclar Vivadent AG, Mitsubishi Electric Corporation, Morita Corporation, Patterson Companies Inc., Planmeca Oy, and Vatech Co., Ltd. These players focus on innovation, technological advancements, portfolio expansion, and strategic partnerships to enhance their market share.
Strategic Developments and New Product Launches:
- In November 2021, Danaher Corporation completed the acquisition of Envista Holdings Corporation to strengthen its dental equipment portfolio.
- In 2020, Ivoclar Vivadent AG acquired Schütz Dental Group to enhance its product offerings.
- In 2021, Morita Corporation launched TriAuto ZX2, a new endodontic motor, to improve the efficiency and accuracy of root canal treatment.
- In 2020, Vatech Co., Ltd. launched PaX-i3D Green, a dental CBCT scanner aimed at providing accurate and efficient dental diagnosis and treatment planning.
Market Report Scope:
- Market Size in 2022: USD 10.6 Billion
- CAGR (2022 – 2032): 6.2%
- Revenue Forecast in 2032: USD 18.21 Billion
- Historical Data: 2020-2021
- Forecast Period: 2022-2032
- Segmentation: By Product Type (Therapeutic Equipment, General Equipment, Diagnostic Equipment) and End-use (Hospitals, Dental Clinics, Others)
- Regional Scope: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
- Key Companies: Dentsply Sirona, Danaher Corporation, Foshan Gladent Medical Instrument Co., Ltd., Henry Schein Inc., Ivoclar Vivadent AG, Mitsubishi Electric Corporation, Morita Corporation, Patterson Companies Inc., Planmeca Oy, Vatech Co., Ltd.
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