Dental Equipment Market Size

Dental Equipment Market Analysis

The dental equipment market is expected to register a CAGR of 5.1% over the forecast period.

The outbreak of the pandemic impacted the market. During the initial days of the COVID-19 situation, the number of visits to hospitals and clinics for dental purposes decreased significantly, which reduced the demand for dental equipment. For instance, Dentsply Sirona reported that its net sales for the first quarter of 2020 were down by 7.6% due to low patient volumes and canceled elective procedures. This downward trend in revenue and net sales was also observed in several other companies in the market.Similarly, in March 2020, the ADA recommended that dental practices and elective dental procedures be postponed until April 6, 2020, and only emergency dental services be operational to reduce the burden on hospital emergency departments. This recommendation was updated on April 1, 2020, when the ADA advised offices to remain closed to all but urgent and emergency procedures until April 30, 2020, because of the rise in COVID-19 cases. Thus, such incidents hampered the market's growth in the initial phase of the outbreak. However, with the ease of restrictions and upliftment of lockdowns, the market has already started to gain traction and is anticipated to continue the upward trend over the forecast period.

The growing aging population, coupled with the increasing incidence of dental diseases, increasing demand for cosmetic dentistry, and innovation in dental products, are the major drivers for the market. Furthermore, the growing demand for dental care facilities and dental surgical procedures are some of the other major factors propelling the growth of the market. For instance, as per a March 2022 update by the World Health Organization (WHO), it is estimated that oral diseases affect nearly 3.5 billion people worldwide, and severe periodontal (gum) disease, which may result in tooth loss, is also common, with almost 10.0% of the global population affected. Due to the increased prevalence of the disease, there have been various technological innovations on the market as well. For instance, in January 2021, Nobel Biocare launched the Xeal and TiUltra surfaces in the United States. These new surfaces are applied to implants and abutments, which optimize tissue integration at every level.

Moreover, these market players engage in inorganic and organic strategies, including expansions, product launches, acquisitions, collaborations, mergers, and partnerships, to establish a strong presence and expand their geographical reach. For instance, in August 2020, Straumann Group sold the Equinox/Myriad brand of dental implant systems that had been discontinued following the successful launch of the Neodent brand in India and globally. In addition, cosmetic dentistry is one of the emerging markets that is gaining popularity due to the increasing focus on dental tourism and a rising preference for aesthetic and perfect teeth. Such trends are expected to drive the market's growth shortly. Thus, owing to the aforementioned factors, the market is expected to witness lucrative growth opportunities during the forecast period.

But the rising cost of dental surgeries and the lack of access to medical reimbursement policies are likely to slow the growth of the market over the next few years.