dental equipment and consumables market Report Overview
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The global dental equipment and consumables market size was 20760 million in 2021 and is expected to reach USD 32390 million in 2028, at CAGR of 6.1% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with dental equipment and consumables market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over.
Dental Instruments are tools that dental professionals use to provide dental treatment. Dental consumables are products which are used on patients in order to treat dental impairments, for tooth repair and in treatment of allied gingival tissues. The growth of the dental equipment and consumables market is primarily driven by rising occurrence of dental disorders. Increasing demand for cosmetic dentistry coupled with elderly population is enhancing the market development. Rising demand for advanced and high quality dental equipment is likely to create opportunity in the global market. Fluctuations in lifestyle and food habits and rise in awareness about oral hygiene are anticipated to drive the market during the forecast period. High prevalence of treatment needs and dental caries among adults and the elderly population is likely to impact the market. The Indian dental consumables market is witnessing flat growth, due to increase in dental tourism due to low cost of dental treatment in the country and accessibility of specialized professionals who deliver quality treatment. Upsurge in dental tourism is expected to propel the growth of the dental consumables market. The manufacturers of dental radiology equipment are extremely investing on the research and development (R&D) for the development of new and innovative dental care equipment that will reduce the pain of patients. Participating are fixing their efforts on encouraging R&D. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.
COVID-19 Impact: Pandemic Hampered the Market Due To Unexpected Disruption In The Sector
COVID-19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID-19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.
Latest Trends
"Use Of Innovative Products To Boost The Market Growth "
Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.
dental equipment and consumables market Segmentation
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- By Type Analysis
According to type, the market can be segmented into dental equipment, dental consumables.
Dental equipment capture the maximum market share through forecast period.
- By Application Analysis
According to application, the market can be segmented into hosptials, dental clinics, ambulatory surgical centers, others.
Dental equipment and consumables market players cover segment as dental clinics will dominate the market share during forecast period.
Driving Factors
"Growing Oral Health Problems To Boost The Market Growth"
Growing oral health problems due to unhealthy eating habits, high amount of sugar and starch contained in food coupled with an increasing number of dental disorders will primarily drive the market growth.
"Technological Advancement And Development To Upsurge The Market"
Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the dental equipment and consumables market growth. Digital imprints reduces the amount of crucial treatment visits and improve the treatments accuracy and precision. With the extensive adoption of such technology, rapid expansion in several sectors of dentistry that can benefit from digital models and digital impress is expected in the coming years, resulting in a real tech makeover in dentistry and numerous growth opportunities. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market.
Restraining Factor
"High Cost Of Treatment To Hamper The Market Growth"
High cost is hampering development of dental equipment and consumables market. Excessive cost of treatment for dental procedures and discriminating parameters of reimbursement according to the patients complicates costing on the patients end will deplete the market growth. Many people cannot afford private dental treatment and oral health care is frequently not integrated into the main healthcare system. Technical difficulties will reduce the industry revenue.
dental equipment and consumables market Regional Insights
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"Asia Pacific To Dominate The Region Due To Dental Disorders And Growing Awareness"
Asia Pacific is further expected to witness growth in the dental equipment and consumables market share. The region is dominating the market due to the increase in dental disorders and growing awareness among the population. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.
Key Industry Players
"Key players focus on partnerships to gain competitive advantage."
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.
List of Market Players Profiled
- AMD Lasers (U.S.)
- Danaher Corporation (U.S.)
- Dentsply Sirona (U.S.)
- Carestream Dental (U.S.)
- GC Orthodontics America (U.S.)
Report Coverage
The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 20760 Million in 2021 |
Market Size Value By |
US$ 32390 Million by 2028 |
Growth Rate |
CAGR of 6.1% from 2021 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the dental equipment and consumables market expected to touch by 2028?
Dental equipment and consumables market is expected to touch USD 32390 million by 2028.
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What CAGR is the dental equipment and consumables market expected to exhibit during 2022-2028?
Dental equipment and consumables market is expected to exhibit CAGR of 6.1% during 2022-2028.
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What are the driving factors of the dental equipment and consumables market?
Growing oral health problems and technological advancement and development to upsurge the dental equipment and consumables market.
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Which are the key players or most dominating companies functioning in the dental equipment and consumables market?
The dominating companies in the dental equipment and consumables market are AMD Lasers, BioLase, Danaher Corporation, Dentsply Sirona, and Carestream Dental.