The Europe dental equipment market is expected to register a CAGR of around 6.4%, during the forecast period. Dental instruments are tools that dental professionals use to provide dental treatment. They include tools to examine, manipulate, treat, restore, and remove teeth and surrounding oral structures. Standard instruments are the ones used to examine, restore, and extract teeth and manipulate tissues.
One of the main factors considered to drive the dental equipment market is the shifting dynamics of patient's choice and the increase in demand for cosmetic dentistry. Dentist practicing as well as dental equipment market has been affected by the recent increase in demand for cosmetic procedures. There has been a significant increase in the amount of dollars spent on cosmetic dentistry in the past five years. Nonmetallic inlays/onlays lead the way with an increase of 380 percent in the past 10 years. This along with other factors, such as increase in ageing population and Europe economic growth will lead to the overall increase in CAGR of the Europe dental equipment market.
The cost of treatment in the public sector is determined by the set scale of fees for individual dental operations and by a sliding scale of reimbursement. However, in private sector, the cost of treatment is highly unchecked. The prices are set depending on every operation or surgery time plus materials. The private insurers do not cover the entire cost of treatment. The only cost covered by the private insurance companies is the cost of individual items used for surgery. The surplus operating fees of the surgeon or physician need to be paid by the patient. This is the main reason hampering the overall growth of the market. This will lead to the slowdown of the growth of the market, along with other factors, such as lack of awareness and dental equipment market.
Europe is anticipated to witness the fastest growth during the forecast period with a growth rate of 5.3%. Increasing adoption rate among dentists for advanced treatment options for orthodontic applications; favorable government initiatives; increasing investments for the development of novel equipment and high prevalence of oral cancer are among few factors that are expected to drive the market during the forecast period.
The major players include – 3M ESPE, A-Dec Inc., Biolase Inc., Carestream Health Inc., Danaher Corporation, Dentsply International Inc., GC Corporation, Patterson Companies Inc., Planmeca Oy, Sirona Dental Systems Inc. and Straumann, among others.
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