New York, USA, Jan. 17, 2023 (GLOBE NEWSWIRE) -- According to a report published by Research Dive, the global dental equipment market is envisioned to garner a revenue of $15,471.7 million and grow at a CAGR of 6.5% during the forecast timeframe from 2022 to 2031.
As per our analysts, with the increasing demand for dental equipment due to the growing cases of dental treatments and procedures, the dental equipment market is predicted to experience a remarkable growth during the estimated period. Moreover, the growing use of dental equipment in cosmetic dentistry and the increasing use of dental lasers is expected to create huge growth opportunities for the market throughout the forecast timeframe. However, dental anxiety or bad experience from past dental treatments may hinder the growth of the market throughout the analysis timeframe.
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Segments of the Dental Equipment Market
The report has divided the market into segments based on procedure type, product type, end-user, and region.
Procedure Type: Orthopedic Sub-Segment to be Most Productive
The orthodontic sub-segment is predicted to hold the largest share of the market over the estimated period. Orthodontists rely on dental equipment to improve patients’ smiles and overall oral health which is predicted to bolster the growth of the market sub-segment during the analysis timeframe.
Product Type: Dental Laser Equipment Sub-Segment to be Most Profitable
The dental laser equipment segment is expected to hold the maximum share of the market throughout the forecast period. A dental laser can be used in place of a scalpel and blade and help in performing dental surgeries without using local anesthesia and with less bleeding which is expected to fortify the growth of the market sub-segment over the analysis timeframe.
End-User: Hospitals Sub-Segment to be Most Beneficial
The hospitals sub-segment is predicted to have the highest share of the market during the forecast timeframe. The increasing pervasiveness of dental diseases and the rising number of well-equipped hospitals with advanced equipment are the factors expected to augment the growth of the market throughout the analysis period.
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North America Region to Have Wide Growth Opportunities
The North America region of the dental equipment market is expected to have a dominant market share over the estimated timeframe. This is mainly due to the increasing government investment in dental care in this region. The global economic expansion, increasing disposable income among people, and rising health insurance uptake in this region are predicted to drive the regional growth of the market during the forecast period.
Covid-19 Impact on the Dental Equipment Market
The outbreak of the Covid-19 pandemic has had a negative impact on the dental equipment market. The disruptions in the supply chain, closure of manufacturing plants, and economic slowdown across several countries are the major factors that have decreased the demand for dental equipment during the pandemic period. Moreover, the stringent import-export restrictions have declined the growth of the market during the period of crisis.
Key Players of the Market
The major players of the dental equipment market include
- Dentsply Sirona
- Bien-Air Medical Technologies
- GC Corporation
- Biolase Inc.
- Danaher Corporation
- 3M
- Henry Schein Inc.
- Aseptico Inc.
- Ivoclar Vivadent AG
- A-Dec Inc.
These players are widely working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to attain a leading position in the global industry- Inquire here to grab full report
For instance, in May 2021, A-Dec Inc., a leading dental office furniture and equipment manufacturer, announced its collaboration with KaVo, a renowned manufacturer of dental equipment and instruments. With this collaboration, the companies aimed to bring betterment to dentistry worldwide by supporting dental professionals in innovative and advanced ways.
Further, the report also summarizes other crucial aspects including SWOT analysis, product portfolio, the financial performance of the key players, and the latest strategic development.
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More about Dental Equipment Market:
- How Using Modern Dental Equipment Can Improve Dental Healthcare
- Acquisitions Like That of Midway Dental Supply by Henry Schein, Inc. to Boost the Growth of Global Dental Equipment Market
