Dental instruments or equipments comprise of vital tools and equipments that help in the process of examination, manipulation, removal and restoration of teeth, gums and the entire oral structure. Dental equipment market holds vital importance in healthcare sector and is largely driven by technological advancements in dental healthcare market. Rise in the demand for diagnosis and treatment of dental ailments across the world is the biggest driver for this industry. Advancements in the tools and techniques in diagnosis, intervention and treatment of dental diseases and conditions are expected to help the industry to maintain healthy compound annual growth rate for the next three to four years. Emerging markets of the world are expected to provide great opportunities for the industry.
Segmentation and Drivers in Dental Equipment Market
Dental equipment and consumables market is segmented into three major sections, which include general and diagnostic equipment, treatment based devices and other markets, which include lab machines, accessories, hygiene maintenance and retail dental care essentials. The global market is segmented based on demand across various geographic regions. On the basis of geography, the industry is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. Rising number of aging population and growth in the incidences of dental diseases and conditions are proving to be stronger drivers for the dental instrument market. Growing awareness towards dental health, government contribution for improved programs of oral care and advancements in technology are also decisive factors for the industry.
Market Trends and Forecasting Reports
Based on market research reports, dental equipment market is anticipated to grow at a CAGR of over4% from 2012 to 2016. During the research period, the industry is expected to become worth more than $6 billion by the end of 2016. Emerging technologies in diagnostic tools and treatment equipment will provide greater business opportunities for the existing businesses. Expansion in emerging markets will also create better investment opportunities for the potential organizations. Transitions of oral care needs have also made vital transformations in the industry. On the basis of geography, the Americas are expected to dominate the industry. however, as far as the forecasting reports are concerned, emerging markets like Asia Pacific (APAC) and Middle East and Africa (MEA) will also have significant contribution to the growth in terms of revenue.
Experts claim that similar to awareness towards oral health, rising demand for cosmetic dentistry will also rule the consumer segment of the dental equipment market.