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.

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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.

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Dental Diseases among Baby Boomers and Technological Development of Dental Equipment to Aid Growth of Global Dental Equipment Market

The growing awareness of dental hygiene and increasing dental complications have led to the growth of the global dental equipment market. Dental equipment is an integral part of dental diagnostics. The speedy technological innovations and numerous treatment technologies have created strong groundwork for the growth of this market. According to research analysts at Transparency Market Research, the global dental equipment market is expected to reach US$7.6 bn by 2018 from US$5.5 bn in 2011, rising at a CAGR of 4.7% from 2012 to 2018.

The global dental equipment market is segmented on the basis of product type and geography. The types of products in the overall dental equipment market are: Dental radiology equipment, systems and parts, laboratory machines, hygiene maintenance devices, and other equipment. Geographically, this market is segmented into North America, Europe, Asia, and Rest of the World.

Systems and Parts to Spearhead Growth of Overall Market

The research report published by Transparency Market Research suggests that the systems and parts segment has held a leading position in the overall dental equipment market in 2011 due to a wide range of applications and a huge array of products. The dental radiology equipment segment followed the aforementioned segment to stand as the second-largest segment in 2011.

Minimally Invasive Procedures Propel Use of Dental Lasers

The research report also showed that though the dental lasers segment held a relatively small share in the global dental equipment market in 2011, this segment is expected to grow at a rapid pace in the coming years. According to research analysts, the growing adoption of dental lasers in minimally invasive surgical procedures will propel this segment to grow at an accelerated pace.

Baby Boomers Drive Global Dental Equipment Market

Furthermore, the incidence of the periodontal disease has reached an all-time high with 75% of the population in the United States suffering from gum diseases and periodontitis. Of these, the cases that delay medical intervention require implants and other restorative surgeries. Furthermore, Baby Boomers are prone to risks such as loss of teeth due to age and damage over the years. This demographic segment is also the one with relatively larger disposable incomes. With about 76.4 bn Baby Boomers in the United States, the country will remain at the forefront of the global dental equipment market.

Medical Tourism to Have a Deep Impact on Dynamics of Overall Market

As the cost of dental surgeries is exorbitant in the countries such as the United Kingdom and the United States, they are expected to witness a decline in the demand for implant surgeries in the foreseeable future. This dynamic has forced several patients to travel to countries where dental surgeries are cheaper yet of high quality. Owing to these reasons, the Asia Pacific region is likely to grow at a stupendous pace. Consequently, the demand for implants and other dental equipment in this region will be propelled by countries such as China, Malaysia, and India.

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Some of the top players operating in the global dental equipment market are CareStream HealthGC Corporation, Henry Schein Inc., Danaher Corporation, Dentsply International Inc., Sirona Dental Systems, Planmeca Oy, Sirona Dental Systems, Biolase Inc., Ivoclar Vivadent AG, and A-dec Inc.