Dental Equipment and Consumables Market to cross USD 32 Bn by 2024
Date: 2018-10-17   Author: Rahul Sankrityayan  Category: #market

Dental Equipment and Consumables Market to cross USD 32 Bn by 2024

Dental Equipment and Consumables Market size is set to exceed USD 32 billion by 2024; according to a new research report by Global Market Insights.

Technological advancements in dental equipment will positively impact dental equipment and consumables market. Usage of X-rays, lasers, intraoral cameras and CAD/CAM technology for detection of various dental problems will escalate the demand for dental equipments. For instance, laser dentistry is less invasive procedure that can serve as an alternative to other procedures. Moreover, technologies such as air abrasion, intraoral scans and dental implants further stimulate the market demand, thereby increasing industry revenue.

Rising geriatric population prone to dental disorders will act as significant impact rendering factor. Common dental disorders in older populations such as sensitivity, periodontitis and dental caries are substantially increasing. According to the American Dental Association, approximately 30% of elderly people aged 65 years and above suffer from xerostomia (dry mouth). Geriatric population that possess higher risk due to gingival recession, restorations and other factors will drive the industry growth.

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The global burden of dental disorders and diseases is increasing at a rapid pace, that directly stimulate the adoption rate of dental equipments and consumables. Dental caries is a major dental problem in developing regions. Growing intake of sugars and insufficient consumption of fluorides increase the risk of dental caries in Africa. Additionally, tooth decay, gum diseases, oral cancer and chronic dental diseases also contribute to increasing dental issues. According to Centers for Disease Control (CDC), 46% of adults suffer from gum disease amongst which 9% are severe cases. Such growing dental problems will largely accelerate the market size.

Dental consumables segment held the largest revenue of USD 13.8 billion in 2017 owing to increased use of dental prosthetics, endodontics products and syringes. Rise in number of dental procedures has surged the demand for anesthetics and prosthetics. Affordability and readily available prosthetics such as crowns and dentures will positively impact segment growth. Dental prosthetics held largest revenue share of 41.1% among other consumables in 2017. Large demand of fixed as well as removable prosthesis due to increasing number of people with missing teeth and periodontal diseases will significantly impel the segment growth in forthcoming years.

Dental clinics estimated to be the largest revenue generating segment, growing at a remarkable 6.3% CAGR from 2018 to 2024. Affordability and convenience form the major factors driving dental clinics segment growth. Moreover, usage of advanced technology in treatment and diagnosis of dental disorders as well as improved efficiency has increased number of visits in dental clinics. Rising number of new dental facilities will boost the demand and patient visits to dental clinics during forecast timeframe.

U.S. dominated regional dental equipment & consumables market in 2017, with revenue of USD 7.6 billion, owing to rising demand for cosmetic surgery as well as increasing number of patients with dental issues. Large spending on dental procedures and cosmetic surgeries has resulted in expansion of U.S. dental equipment market. According to ADA, one in every four adults suffer from cavities that go untreated. This will create high demand for dental equipment and consumables for treatment and diagnosis of the same. Also, access to Medicaid facilities and better healthcare infrastructure in U.S. will further stimulate industry growth.

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Asia Pacific will grow with a significant CAGR 8.8% in upcoming years due to rising number of elderly population that is vulnerable to dental disorders as well as greater affordability associated with dental treatment.

Japan accounted for USD 1.6 billion in 2017 and is expected to grow at a fast pace owing to large number of dental facilities coupled with availability of high-end technologies. Japanese dental clinics utilize preventive technologies as well as CAD/CAM technologies for dental imaging. Also, The Japanese Dental Association focused its efforts on association between dental health and diabetes. Such initiatives will positively impact industry expansion in japan in forecasted timeframe.

Few of the prominent market players operating in global market are A-Dec, Inc., AMD Lasers, BioLase, Carestream Dental LLC, Danaher corporation, Dentsply Sirona, GC Orthodontics America, Henry Schein, Ivoclar Vivadent Aktiengesellschaft, Kerr Corp, Midmark Corporation, Patterson Companies, Planmeca OY, Straumann Holdings AG, 3M and Zimmer Dental. The competitors are adopting strategic initiatives such as collaborations and partnership to sustain and expand their business in dental equipment and consumables market. For instance, in March 2018, Dentsply Sirona and North American Dental Group announced their comprehensive partnership, thereby helping the company in increasing its business revenue.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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