Market Trends of Dental Equipment Industry
This section covers the major market trends shaping the Dental Equipment Market according to our research experts:
The Prosthodontic Segment is Expected to Witness Significant Growth Over the Forecast Period
Prosthodontics is a specialty within dentistry that helps in the design, creation, and placement of replacements for chipped, broken, or missing teeth. Common materials used in prosthetic surgery include veneers, crowns, implants, and dentures. Prosthodontic treatments include dental bonding, dental implants, bone grafting, dental crowns, and dental bridges.
The growing preference for aesthetic appearance among individuals, compelling them to go for prostheses, and technological innovations and product launches have augmented the segment's growth. For instance, in January 2022, RODO Medical, a California-based dental device company, entered into a strategic partnership with Aurum Group to launch Rodo Digital Prosthetics (RDP) in the United States. In addition, both companies have agreed to a limited exclusive distribution agreement in Canada. According to this, Aurum will be able to service RODO's Smileloc and Smileclip restorations for their customers from a single crown to a full mouth with their quality prostheses across the country.
The rise in demand for prosthodontics is also driving up demand for dental radiology equipment such as cone beam computed tomography (CBCT), which is regarded as a unique imaging option for a prosthodontist's various treatment needs.It has proved beneficial in multiple aspects of prosthodontic practice, i.e., from imaging of the temporomandibular joint to denture therapy. Major players are also coming up with novel and technologically advanced CBCTs for the market. For instance, in April 2022, Carestream Dental introduced CBCT imaging with the Neo Edition of the CS 8200 3D Family. The Neo Edition is an evolution of the CS 8200 3D and optional Scan Ceph module that improves ease of use, contributes to a better clinical experience and leads to more successful outcomes for patients.
Thus, owing to the above-mentioned factors, considerable segment growth is expected over the forecast period.
North America Region is Expected to Witness Significant Growth Over the Forecast Period
North America is expected to dominate the overall dental equipment market over the forecast period. The growth is due to factors such as the increasing prevalence of dental diseases and the wide acceptance of technological advancements in dental equipment like lasers, intra-oral cameras, digital radiography, and CAD/CAM systems. An increasing number of dental visits is also propelling the growth of the market. For instance, the Early Release of Selected Estimates Based on Data From the 2020 National Health Interview Survey, published in August 2021, reported that in 2020, 63% of adults aged 18 years or older visited the dentist in the United States. Such a high number of dental visits creates the need for dental equipment for check-ups and treatment, which is expected to drive the growth of the market.
Key product launches, a high concentration of market players or manufacturers' presence, acquisitions and partnerships among major players, and increasing cases of dental diseases in the United States are some of the factors driving the growth of the dental equipment market in the country. For instance, in February 2022, Planmeca USA launched the new wet/dry chairside mill, the Planmeca PlanMill 35. The new Planmeca PlanMill 35 provides single-visit dentistry to their patients.
Therefore, owing to the aforesaid factors, the growth of the studied market is anticipated in the North American region.
