Global Dental Equipment Market Trends 2015

The global dental equipment market is worth billions and is expected to grow steadily in the coming few years. The global dental equipment market was led by North America in 2011 and it is expected that North America will continue its dominance in the foreseeable future. On the other hand, the European market for dental equipment is expected to grow at the highest compound annual growth rate during 2012 to 2018. Here are the forces that are shaping the growth of the global dental equipment market.

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Driver: Surging Dental Tourism Sector

Around 80% of the demand for medical tourism is driven by the notion of cost savings, says a 2009 MTA patient survey report. The surging dental tourism sector will also greatly drive the dental equipment market.

Driver: Increasing Cosmetic Dentistry Demand

Previously, consumers sought dental treatments due to medical problems; however a major share of the revenue of the dental equipment market is now generated from consumers looking for cosmetic dental procedures. Americans spend around US$2.75 billion annually on cosmetic dental procedures, says the American Academy of Cosmetic Dentistry (AACD).

Driver: Advancement in Diagnostic and Treatment-related Technologies

The global dental equipment market has received a good boost from the new development in treatment and diagnostic procedures. Furthermore, the advent of novel technologies that are making dental treatment more effective and less painful will also drive this market.

Driver: Accelerating Aging Population

According to a WHO report, by 2050 the estimated people who are aged 65 or above will represent 16% of the world’s population, which is almost triple of the 2010 estimate. With growing aging population, the demand for dental procedures from the elderly consumers is expected to rise.

Opportunity: Elevated Disposable Incomes

The global dental equipment market is divided into Europe, Asia Pacific, North America, and Rest of the World. Currently, North America leads the market; however, Asia Pacific is expected to grow at a faster rate. The elevated disposable incomes, especially from emerging regions such as Asia Pacific and Latin America will present good growth opportunities for players in the market.

Restraint: High Cost of the Equipment

The global dental equipment market by product type is segmented into dental radiology equipment, dental lasers, system and parts, laboratory machines, hygiene maintenance devices, and other equipment. The high initial cost of investing in dental equipment, particularly the most technologically advanced equipment will hamper the growth of this market.

Restraint: Expanding Refurbished Dental Equipment

The growing demand for refurbished dental equipment will also suppress the global dental equipment market. Refurbished equipment is more affordable and a wide selection of this equipment is available in the market.

Restraint: Fluoridation for Decay Prevention

The rising role of fluoridation in preventing and controlling dental caries has led to the development of several dental products that contain fluoride. The growing number of such substitutes will constrict the growth of the dental equipment market to an extent.

Restraint: Growing Taxes on Medical Devices

Most of the large-scale medical devices firms are growing significantly despite the implementation of new increased tax. However, this increase in taxes is expected to hamper and restrain the growth of the small market players.

The key players operating in the global dental equipment market are Noble Biocare, Straumann, 3M ESPE, Biolase, ESPE, Sirona Dental Systtems, Midmark, Danaher, and Henry Schein.

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