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Wednesday, 19 October 2016
Dental Lasers to Play Pivotal Role in Enabling Global Dental Equipment Market touch US$7.6 bn by 2018
Transparency Market Research, a global market intelligence firm, has recently published a new market research report made available on the company website. The research study, titled “Dental Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018,” presents a detailed overview of the global dental equipment market, including market drivers and barriers, product segmentation, major geographical segmentation, and the competitive landscape of the market.According to the research study, in 2011, the global dental equipment market was valued at US$5.5 bn and is estimated to reach a value of US$7.6 bn by 2018, exhibiting a 4.70% CAGR between 2012 and 2018.
Dental equipment refers to tools that are used by dental professionals while providing dental treatment to a patient. These tools assist the dental professionals in examining, restoring, removing teeth, and other dental treatments. These devices also help the dental professionals in manipulating tissues so as to get a proper visual access throughout the dental treatment. Several types of dental equipment find application in dental hospitals and clinics for dental ailments including gingival diseases and caries.
Technical advancements in treatment and diagnostic technologies, the growing global geriatric population, surging demand for cosmetic dentistry, increasing disposable incomes, and the booming dental tourism industry are some of the major factors that are expected to boost the demand for dental equipment throughout the forecast period globally. However, the high cost of advanced equipment, the growing refurbished dental equipment market, fluoridation, and taxes on medical devices are some of the factors hampering the growth of the global dental equipment market.
The global market for dental equipment has been segmented on the basis of type into hygiene maintenance devices, systems and parts, dental radiology equipment, laboratory machines, dental lasers, and other equipment. In 2011, the systems and parts segment led the overall market owing to the diverse application range of these products, followed by the dental radiology equipment segment. On the other hand, the dental lasers segment is expected to grow rapidly over the forecast period.
The global market for dental equipment has been divided on the basis of geography into Asia Pacific, Europe, North America, and Rest of the World. As per the study, North America leads the overall market for dental equipment. The rapid growth of this region can be attributed to the high prevalence of dental caries among the population. In 2011, the North America market was followed by Europe, which accounted for a share of 35% in the global dental equipment market in 2011. Asia Pacific is estimated to register a slow growth rate in the next few years.
Furthermore, the competitive landscape of the global market for dental equipment market has been elaborated in the last section of the research study. The analysis includes the company profile, contact information, inception details, products offered, financial overview, business policies, and recent developments if any. The prominent players operating in the global dental equipment market include Biolase Inc., GC Corporation, Planmeca Oy, CareStream Health, Dentsply International Inc., Ivoclar Vivadent AG, Sirona Dental Systems, Henry Schein Inc., Danaher Corporation, and A-dec Inc.