(PRWEB) July 21, 2013
According to a new market report published by Transparency Market Research "Dental Equipment Market (Dental Extraoral & Intraoral Radiology, Dental Lasers, Cone Beam CT Systems, Laboratory Machines, Hygiene Maintenance Devices, Chairs and Light Cure Equipment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global dental equipment market was valued at USD 5.5 billion in 2011 and is expected to grow at a CAGR of 4.7% from 2012 to 2018, to reach an estimated value of USD 7.6 billion in 2018.
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The market growth is majorly attributed to the advancement in diagnostic and treatment technologies such as dental lasers, leading to faster healing, minimal pain, reduced chair time and more precise diagnosis. In addition, growing global awareness about the role of dentistry in aesthetics coupled with increasing disposable income of patients is also positively impacting the growth of the dental equipment market. The trend of patients migrating to developing countries such as India, in search of better and cheaper dental treatment, referred to as dental tourism, is also fostering growth of the market.
Rising disposable incomes of patients coupled with growing dental care awareness will drive the dental equipment market in the developing Asian countries. In case of developed regions of North America and Western Europe, market growth will be driven mainly by the aging population possessing a desire to retain natural tooth structure.
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In 2011, North America was the leader in terms of market share and is expected to maintain its leadership position till 2018. This can be attributed to the rapid adoption of advanced technologies such as CAD/CAM, along with a relatively higher dental health conscious population. However, the European market is expected to grow at the highest CAGR of over 5% from 2012 to 2018. Factors such as aging population in Western Europe and migration of patients from Western Europe to Eastern Europe for availing affordable dental treatments will be responsible for the higher growth rate.
Dental systems & parts held majority share of the market in 2011 at 35% due to its wide range of applications useful in the various steps of dental treatments, such as diagnosis using cone beam CT systems and treatment using instrument delivery systems, electrosurgical equipments, vacuum and compressors. Within the global dental systems and parts market, cone beam CT systems are expected to be the fastest growing product type.
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This is because these systems utilize a focused x-ray generation mechanism which causes lesser exposure to radiation than their conventional counterparts. In addition, the resultant image is more precise and has better diagnostic value.
The rapid adoption of dental lasers which are capable of making dental procedures practically painless, thereby increasing patient compliance, makes global dental lasers the fastest growing segment of the overall dental equipment market.
Danaher Corporation led the market in terms of market share in 2011 due to its extensive product portfolio and its wide presence in the developed North American and European regions. Some other key players in this market include Sirona Dental Systems, A-dec Inc., CareStream Health, GC Corporation, Planmeca Oy, and Biolase, Inc.
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