Technology to Spur Demand for Advanced Dental Equipment
Pervasiveness of technology has transformed several businesses worldwide and dental industry is no exception. Increasing demand for non-invasive and minimally invasive procedures by patients has fuelled of technology in the dental space. Use of lasers in dental procedures such as teeth whitening and gum lifting is increasing on the back of its minimally invasive nature, resulting in negligible blood loss and reduced pain and discomfort. Moreover, cosmetic dentistry has gained significance which is fuelling use of technology driven dental equipment such as intraoral cameras, owing to new trends such as 3D and laser dentistry. Integration of technology in the dental space has resulted in more effective, cost efficient, time efficient and less painful procedures, in turn influencing the demand for advanced dental equipment. Use of CAD/CAM systems is also being witnessed in the dental space. These systems design dental prostheses in 3D formats and manufacture using milling machines. In this background, digitization of dental equipment is expected to spur, in turn paving new growth avenues for the dental equipment market in the coming years.
Prosthodontic Equipment Likely To Gain High Traction – A Major Dental Equipment Market Growth Contributor
Demand for prosthodontic equipment is expected to witness an upsurge due to rising aging population across various emerging and developed regions coupled with the increasing need for dental prostheses. Prosthodontic dentistry has numerous applications and is beneficial for dental corrections. Moreover, higher inclination of individuals towards appearance has compelled them to choose dental prostheses. This factor is likely to fuel the demand for prosthodontic equipment, making it a profitable segment in the dental equipment market.
COVID 19 Leads to Negative Impact on Dental Equipment Market
Impact of the COVID 19 pandemic disrupted businesses by impacting supply chain and production cycles and dental equipment business is no exception. This exerted a negative impact on sales of dental equipment of companies worldwide. For instance, according to Straumann Group’s CEO, COVID 19 pandemic reduced the company’s sales in the Asia Pacific region by around US$ 30 million. Likewise, Dentsply Sirona, a leader in dental equipment, also stated that sales of its products across South Korea, China, Japan and Taiwan significantly fell in 2020. America Dental Association analysis showed that in 2020, about three-fourth dental practices in the United States allowed emergency patients only, which impacted the overall revenue. This also resulted in a decline in dental care spending by 66% in 2020, which reached 31% in 2021. Key players also believe that dentistry market underwent a major setback due to the pandemic and resulting lockdown situations, consequently impacting businesses of supply chain and raw material providing vendors. However, 2022 is expected to witness a promising and a positive spearhead in the dental space as the market is likely to buckle up in the coming months.
North America Likely to Account for a Lion’s Share in the Dental Equipment Market
Consumer inclination towards dental and oral health across developed economies in North America is expected to present lucrative growth opportunities for dental equipment market in the region. For instance, according to the survey carried out by American Dental Association, over 8 people out of 10 (around 85%) consider dental and oral health as a key aspect in day-to-day life. Moreover, being an economically sound region, technological developments in the dental equipment space such as use of intra oral cameras, lasers, CAD/CAM and digital radiography are likely to influence the market growth as confidence among individuals regarding hygiene and effectiveness of dental equipment grows. In addition, robust medical infrastructure coupled with favourable reimbursement policies is further expected to impact dental equipment market in North America. These factors continue to fuel the dental equipment market growth, in turn paving new opportunities for manufacturers in the coming years.
Dental Equipment Market: Competitive Landscape
Adoption of new-age technology by dental equipment manufactures coupled with growing focus on strategic initiatives such as new product launches, geographical expansion, partnerships, collaborations and mergers and acquisitions has been witnessed. For instance, in 2021, Straumann Group and Western Dental & Orthodontics entered in a partnership to expand dental implant access. Straumann will focus on providing higher quality dental implants along with crowns and abutments under its Neodent brand across all Western Dental offices. In the same year, Westlake Hills Dental Arts introduced a new dental procedure series covering bridges and implants to support patients with dental illnesses.
Few of the key players in the dental equipment market are 3M, GC Corporation, Straumann, Danaher Corporation, Carestream Health Inc., Dentsply Sirona, Biolase Inc., Planmeca Oy, Patterson Companies Inc., and A-Dec Inc.
Global Dental Equipment Market is Segmented as Below:
Key Elements Included In The Study: Global Dental Equipment Market
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