The European dental equipment market was estimated at USD 1.6 billion in 2014 and is projected to reach USD 2.40 billion by 2020 at a CAGR of 7 % during the forecast period from 2014 to 2020.
Dental tools are used by dental professionals to examine, manipulate, restore and remove teeth and surrounding oral structures and to provide dental treatment. The end-users for this market include hospitals, dental clinics, and dental practitioners.
Europe Dental Equipment Market-Market Dynamics
The report details several factors driving and restraining the market, some of which are listed below.
The high price of advanced dental equipment and the taxes on certain classes of dental equipment may hinder the market growth.
The market for dental equipment is segmented based on the type of products, which include general and diagnostic devices (systems and parts, dental implants, crowns and bridges, dental lasers, radiology equipment, dental biomaterial, dental chairs), treatment-based devices (orthodontic, endodontic, periodontic, prosthodontics), other dental devices (laboratory machines and accessories, hygiene maintenance, retail dental care essentials) and dental consumables. Dental lasers are expected to contribute towards the growth of the dental equipment market.
Based on geography, the market is segmented into France, the UK, Germany, Russia, Italy, Spain, Portugal, Scandinavia, and Benelux. Europe accounts for a major share of the market, owing to government support, growing demand for technologically advancing oral healthcare products and rising awareness among people about oral health, closely following North America.
Many players in this market are trying to expand their product portfolio in order to top the global market. While a few companies are entering the market by acquisitions, top companies are expanding their growth in this market by acquiring other companies. Some companies have adopted product innovation and new product launches as their key business strategy to ensure their dominance in this market.
Some of the key players in the market are:
Key Deliverables in the Study