Dental tourism and better diagnostic and treatment technologies will drive the global dental equipment market during the next 3 years, which will expand at a compound annual growth rate of 4.7% from 2011’s total of$5.5 billion to reach $7.6 billion by 2018 according to Transparency Market Research (TMR).
Four factors will inhibit this growth, though: the use of refurbished dental equipment to curtail costs, the relatively high price point of advanced dental equipment, the taxes on certain classes of dental equipment, and growing awareness of the use of fluoridation to prevent dental decay.
TMR examined dental radiology equipment, systems and parts, dental lasers, hygiene maintenance devices, laboratory machines, and other equipment. The systems and parts segment dominated the market in 2011, thanks largely to its extensive application range. Dental radiology equipment was the second largest segment in 2011.
Dental lasers represented the smallest segment in 2011, but as a segment they are growing very rapidly. Analysts at TMR say the increasing use of dental lasers in minimally invasive surgical procedures will prove vital in helping the segment report the fastest growth in the overall global dental equipment market.
North America, which represents the largest geographic market, will benefit from the high prevalence of dental caries among its residents. In 2011, 12-year-old children had an average of 2.35 decayed, missing, or filled teeth, according to the World Health Organization. Also, the United States spends $2.75 billion a year on cosmetic procedures, according to the American Academy of Cosmetic Dentistry.
Danaher enjoyed the highest share of the global dental market in 2011, thanks to its wide-ranging portfolio. Sirona Dental Systems and Planmeca rounded out the top 3. A-dec, GC America, CareStream Health, Henry Schein, Ivoclar Vivadent AG, DENTSPLY International, and BIOLASE also are key players, TMR reports.
For TMR’s full study, call (518) 618-1030 or visit transparencymarketresearch.com/dental-devices-market.html.
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