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Dental Equipment Market to Reach Valuation of USD 12.4 Billion by 2030 – Increasing Demand for Cosmetic Dentistry Drives Market Growth
In terms of revenue, the Global Dental Equipment Market is expected to reach USD 12.4 Billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 6.85% from 2023 to 2030.
The Dental Equipment Market is witnessing a transformative phase driven by a surge in dental disease prevalence and increasing demand for cosmetic dentistry. Technological advancements, particularly in imaging and surgical processes, present opportunities for market growth. However, the high cost of equipment remains a barrier. Strategic investments in research and development, alongside a shift in consumer preference toward minimally invasive procedures, drive innovation and market expansion.
Key Highlights from the Report
· Based on the segmentation of Product Type, the Systems and Parts segment is anticipated to dominate the Dental Equipment Market with the largest market share in the forecast period, considering the increasing demand for technologically advanced Dental Equipment Market.
· Furthermore, based on the End User segmentation, the Hospitals and Clinics segment accounted for the maximum CAGR during the forecast period because of the growing number of dental procedures performed in hospitals and clinics
· Finally, in terms of Region, North América held the major market share in 2022 and is likely to be the most gainful market in the future. Elements including the growing elderly population, well-established reimbursement regulations, and robust medical infrastructure are aiding this market expansion.
Market Dynamics
The Dental Equipment Market experiences robust growth propelled by several key factors. Increasing incidences of oral health issues, evolving consumer lifestyles, and a growing preference for cosmetic dentistry are primary drivers. Advanced technologies like CAD/CAM systems and dental imaging contribute to this expansion, enabling precise diagnoses and treatments. The rising geriatric population worldwide and a focus on oral health awareness fuel market growth.
Enhancing existing equipment with technological advancements is a key opportunity for market players. Innovations improving surgical processes and introducing non-invasive procedures cater to growing patient preferences. Dental laboratories investing in CAM and CAD technologies are opening new avenues for market growth.
Despite the optimistic outlook, certain challenges impede market expansion. The high costs associated with dental imaging systems and the absence of reimbursement for dental procedures pose significant hindrances. Additionally, limited awareness about laser treatments in developing economies and the expensive nature of such equipment curtail market demand.
North América dominates the Dental Equipment Market, commanding a substantial revenue share. Factors driving this dominance include a growing elderly population, well-established reimbursement regulations, and robust medical infrastructure. The region witnesses a high concentration of market players, fostering continuous advancements in preventative and therapeutic dental treatments. Increased dental visits and the adoption of advanced technologies, such as lasers and digital radiography, further propel market growth in North América.
The Global Dental Equipment Market is Segmented as follows
List of the Key Players of the Global Dental Equipment Market is
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The Global Dental Equipment Market Scope can be Tabulated as below
Parameter | Details |
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Market Size Provided for Years | 2016-2028 |
Base Year | 2021 |
Historic Years | 2016-2020 |
Forecast Years | 2022-2028 |
Segments Covered |
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Region & Counties Covered |
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Companies Covered |
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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Dental Equipment Market to Reach Valuation of USD 12.4 Billion by 2030 – Increasing Demand for Cosmetic Dentistry Drives Market Growth
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