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Global dental equipment market expected to reach $7.6 billion


Dental lasers are the fastest-growing segment in the dental equipment market. (Photo: Levent

Konuk/Shutterstock)

2013-7-10 | Business Americas

Global dental equipment market expected to reach $7.6 billion
by Dental Tribune International

ALBANY, N.Y., USA: According to a new report published by market intelligence company Transparency Market Research, the global dental equipment market was valued at $5.5 billion in 2011 and is expected to grow at a compound annual growth rate of 4.7 percent from 2012 to 2018. The growth is mainly attributed to the advancement in diagnostic and treatment technologies.

According to Transparency Market Research, innovations such as dental lasers will contribute significantly to the growth of the dental equipment market because they are leading to faster healing, minimal pain, reduced chair time and more precise diagnosis.

Within the global dental systems and parts market, CBCT systems are expected to be the fastest-growing product type because they offer precise imaging and better diagnostic value, and expose patients to lower radiation than conventional X-rays do.

Rising incomes of patients coupled with growing dental care awareness will drive the dental equipment market in developing countries in Asia. In North America and Western Europe, market growth will be driven mainly by the aging population wishing to retain their natural dentition, the research company stated.

Moreover, the report highlights that North America will maintain its leadership position until 2018 owing to its rapid adoption of advanced technologies, such as CAD/CAM. However, the European market is expected to show the highest growth rate (5 percent). Owing to low patient awareness levels and slower adoption of expensive and advanced technologies, the Asian dental equipment market will grow at a relatively slower rate in comparison with the developed North American and European dental equipment markets.

The full report, titled "Dental Equipment Market (Dental Extraoral and Intraoral Radiology, Dental Lasers, Cone Beam CT Systems, Laboratory Machines, Hygiene Maintenance Devices, Chairs and Light Cure Equipment) — Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012– 2018,"can be purchased on the company's website