Market Trends of Dental Diagnostic and Surgical Industry
This section covers the major market trends shaping the Dental Diagnostic & Surgical Equipment Market according to our research experts:
Prosthodontic Procedure is Expected to Cover a Large Market Share over the Forecast Period
Prosthodontics generally deals with the replacement of lost teeth using substitutes, like porcelain veneers, grounds, dental implants, and dentures. Generally, such problems are common among the geriatric population. The prosthodontic segment is anticipated to have the largest market share during the forecast period due to the fact that prosthodontic dentistry has numerous counts of tools that are used for dental corrections, and there is a wide application of prosthodontic equipment. Additionally, as the population ages and technology advances, there is an increase in demand for dental prostheses in both emerging and developed countries.
Furthermore, the growing senior population is one of the primary drivers of market growth, as the incidence of dental problems rises with age. For instance, according to the WPP 2022 report, nearly 771 million people are aged 65 years or over globally in 2022. The older population is projected to reach 994 million by 2030 and 1.6 billion by 2050. In addition, according to the article published in the MDPI journal in August 2021, periodontal disease is a chronic inflammatory disease cumulating throughout life and becomes irreversible if it progresses to periodontitis. It affects tooth-supporting structures causing a gingival recession, alveolar bone resorption, tooth mobility, and eventually tooth loss. Gingival recession is a risk factor for root caries which is highly prevalent in the older adult population. Therefore, the increasing geriatric population is anticipated to propel the demand for prosthodontic equipment. Hence, a considerable segment growth is expected over the forecast period.
Furthermore, the presence of competitors, product launches, mergers, and acquisitions in the field of dentistry boosts market growth as these factors can increase the availability of the product in the market along with greater competition, which is anticipated to have a significant impact on the market. For instance, in September 2021, Dentsply Sirona launched Dentsply Sirona Implants named DS PrimeTaper, a self-tapping implant with a tapered design that can be inserted safely and easily. This enables long-term bone stability. The double thread allows the implant to be inserted quickly and safely. It is a simple drilling protocol, with only a few different drills, supports the workflow. Such product launches in the field of the prosthodontic sector are likely to fuel market growth.
Hence, as per the factors mentioned above, the segment is expected to witness growth in the forecast period.
North America is Expected to Dominate the Dental Diagnostic and Surgical Equipment Market over the Forecast Period
North America is expected to hold a significant share of the market due to several factors, such as the high prevalence of dental diseases, wide acceptance of technological advancements in dental equipment, like lasers, intra-oral cameras, digital radiography, and CAD/CAM systems, and continued favorable demographic trends and heightened consumer awareness of the importance of oral hygiene to the overall health.
Factors such as the high prevalence of dental disorders, increasing awareness about dental care, and innovations in dental diagnostics and surgical equipment are driving market growth in the studied region. The high prevalence of dental diseases due to diabetes is one of the major factors driving the market growth. For instance, as per the article published in IDJ journal in October 2021, more than half of the population has at least one missing tooth in Mexico. Individuals with diabetes and harmful habits, such as smoking, have a higher rate of losing teeth. Such instances indicate the need for dental disease diagnosis and further surgery, which is likely to boost market growth. Additionally, several industry participants are involved in strategic initiatives, which support market growth, as these factors can increase the availability of the product in the market studied, along with greater competition, which is anticipated to impact the market positively. For instance, in March 2022, ClearChoice Management Services (CCMS), the administrative support team that serves the ClearChoice Dental Implant Center network, entered a partnership with Planmeca and Henry Schein to improve the patient experience with advanced digital imaging technology.
Furthermore, the government and federal agencies are boosting the importance of dental care through awareness programs and initiatives. Additionally, there are a lot of policies that are likely to support the public regarding the treatment of dental diseases. For instance, in September 2022, the Canadian federal government introduced legislation to enact its recently announced cost-of-living plan by offering some Canadians help with dental care for children and one-time boosts to the housing benefit and the GST tax credit. The first stage of the Canada Dental Benefit for children between the ages of 2 and 12 is expected to provide dental care to 500,000 children at a cost close to USD 1 billion. Such increased support policies for dental care are anticipated to boost the market in the studied region.
Hence, as per the facts mentioned above, North America is anticipated to grow over the forecast period.
