The market has been estimated at USD 6.2 billion in 2016 and is projected to reach USD 8.5 billion by 2021, at a CAGR of 6.5 % during the forecast period from 2016 to 2021. Dental equipment are tools used to diagnose and treat dental diseases.
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.
Global Dental Equipment Market- Market Dynamics
The report details several driving and restraining factors for the global dental equipment market. Some of these are listed below.
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 to the lucrative growth of the dental equipment market.
Based on geography, the market is segmented into North America, Europe, Asia- Pacific and Rest of the World. North America accounted for the largest share of the market due to government support in terms of formation of legislation, grants and funding, and the rising awareness of dental equipment. Europe closely follows North America. Asian countries such as India, China, South Korea, Malaysia, Thailand, and Singapore are likely to provide a growing market due to their increasing per capita income and emerging economy.
Global Equipment Market- Competitive Landscape
Many players in this market are trying to expand their product portfolio in order to top the global market. While some companies are entering the market by acquisitions, top companies are expanding their growth in this market by acquiring other companies. Companies have adopted product innovation and new product launches as their key business strategy to ensure their dominance in this market. Danaher Corporation accounted for the highest share of the global dental equipment market. The company’s wide-ranging product portfolio can be credited for its leading position in the market.
Some of the key players in the market are:
Key Deliverables in the Study