Dental Diseases among Baby Boomers and Technological Development of Dental Equipment to Aid Growth of Global Dental Equipment Market
The growing awareness of dental hygiene and increasing dental complications have led to the growth of the global dental equipment market. Dental equipment is an integral part of dental diagnostics. The speedy technological innovations and numerous treatment technologies have created strong groundwork for the growth of this market. According to research analysts at Transparency Market Research, the global dental equipment market is expected to reach US$7.6 bn by 2018 from US$5.5 bn in 2011, rising at a CAGR of 4.7% from 2012 to 2018.
The global dental equipment market is segmented on the basis of product type and geography. The types of products in the overall dental equipment market are: Dental radiology equipment, systems and parts, laboratory machines, hygiene maintenance devices, and other equipment. Geographically, this market is segmented into North America, Europe, Asia, and Rest of the World.
Systems and Parts to Spearhead Growth of Overall Market
The research report published by Transparency Market Research suggests that the systems and parts segment has held a leading position in the overall dental equipment market in 2011 due to a wide range of applications and a huge array of products. The dental radiology equipment segment followed the aforementioned segment to stand as the second-largest segment in 2011.
Minimally Invasive Procedures Propel Use of Dental Lasers
The research report also showed that though the dental lasers segment held a relatively small share in the global dental equipment market in 2011, this segment is expected to grow at a rapid pace in the coming years. According to research analysts, the growing adoption of dental lasers in minimally invasive surgical procedures will propel this segment to grow at an accelerated pace.
Baby Boomers Drive Global Dental Equipment Market
Furthermore, the incidence of the periodontal disease has reached an all-time high with 75% of the population in the United States suffering from gum diseases and periodontitis. Of these, the cases that delay medical intervention require implants and other restorative surgeries. Furthermore, Baby Boomers are prone to risks such as loss of teeth due to age and damage over the years. This demographic segment is also the one with relatively larger disposable incomes. With about 76.4 bn Baby Boomers in the United States, the country will remain at the forefront of the global dental equipment market.
Medical Tourism to Have a Deep Impact on Dynamics of Overall Market
As the cost of dental surgeries is exorbitant in the countries such as the United Kingdom and the United States, they are expected to witness a decline in the demand for implant surgeries in the foreseeable future. This dynamic has forced several patients to travel to countries where dental surgeries are cheaper yet of high quality. Owing to these reasons, the Asia Pacific region is likely to grow at a stupendous pace. Consequently, the demand for implants and other dental equipment in this region will be propelled by countries such as China, Malaysia, and India.
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Some of the top players operating in the global dental equipment market are CareStream HealthGC Corporation, Henry Schein Inc., Danaher Corporation, Dentsply International Inc., Sirona Dental Systems, Planmeca Oy, Sirona Dental Systems, Biolase Inc., Ivoclar Vivadent AG, and A-dec Inc.