Dental Equipment Market

Market Overview

Dental equipment is used by dental professionals to treat oral diseases and diagnosis and restoring purposes. The dental equipment market is anticipated to grow with a CAGR of 4.8% during the forecast period.

Market Dynamics

Growing Ageing Population Across the Globe

As per the UN Agency, by 2050, the world’s population aged 60 and older is anticipated to reach 2 billion, up from 900 million in 2015. The geriatric population requires preventive, restorative, and surgical services for dental care, which is anticipated to be a key factor driving the dental equipment market.

The common oral conditions among older people include tooth loss, periodontitis, dry mouth, dental caries, and oral precancer/cancer, which affects their normal chewing function and nutritional intake and impacts their ability to interact socially.

In 2015, the Oral Health for an Ageing Population (OHAP) project was launched by the FDI World Dental Federation with the objective to address broader disease policies and health promotion strategies for aging populations. OHAP aims to strengthen the role of the oral health community in achieving healthy longevity, ensuring that people are free of oral diseases, and securing their overall health and well-being.

Growing Dental Tourism in the Emerging Markets

Dental tourists travel for low-cost dental care as in countries like the U.S. and Canada dental care is expensive. In the U.S., President Obama’s Affordable Care Act does not include dental care, which was designed to make medical insurance affordable for Americans with lower incomes. As per the American Dental Association around 5 million adults gained oral health coverage as a result of Obamacare, which amounts to a negligible impact of only around 5 percent of the population. A dental implant in the U.S. costs USD 3,900 but will cost only USD 1,900 in Thailand and around USD 1,300 in Mexico. Similarly, a white, composite filling of a tooth in the U.S. costs around USD 155, compared to USD 38 in Thailand and USD 51 in Mexico.

Thus, people travel to less developed countries to seek care and save money. The Registered Dental Hygienist (RDH) Magazine advertised many countries as destinations for medical tourists, including Mexico, Costa Rica, Argentina, Malaysia, and Thailand. The reason for low expensive dental care costs in under-developed regions includes the lower cost of labor and real estate.

Rising Demand for Cosmetic Dentistry

Cosmetic dentistry includes a variety of dental surgeries, including dental veneers, dental bonding, tooth whitening, dental crown, inlays, and onlays. The rising focus on beauty is subsequently surging the number of dental surgeries across the globe. Apart from this, advanced technology, materials, and procedures play a substantial role in surging awareness about cosmetic dentistry.

Today, CAD/CAM systems, advanced intraoral scanners, and advanced 3D imaging software are combined to facilitate improved diagnostics and treatment. This advanced technology can also show patients about the treatment regarding dental function and aesthetics. Moreover, highly accurate restorations, including crowns, veneers, onlays, and inlays, can be fabricated on-site within a single appointment, ensuring reduced chair-time and improved patient compliance.

Segmental Analysis

Diagnostic Dental EquipmentSegment to Dominate the Market during the Forecast Period

Based on the product, the market is segmented into diagnostic dental equipment and therapeutic dental equipment.  The diagnostic dental equipment segment dominates the market during the forecast period, owing to the increasing incidence of dental caries and other periodontal diseases. According to the World Health Organization (WHO), severe periodontal or gum disease, which may result in tooth loss, is also very common, affects almost 10% of the global population. Moreover, the execution of favorable policies to provide significant opportunities for advanced technologies to enter emerging markets contribute to segment growth.

Surging Number of Well Equipped Hospitals with Advanced Equipment Drive the Hospital Segment Growth

By end-user, the dental equipment market is segmented into hospitals and clinics, dental laboratories, and other end-users. The hospitals and clinic segment accounted for the largest share of the dental equipment market on account of the increasing prevalence of dental diseases, surging number of well-equipped hospitals with advanced equipment,  rising number of patient visits to hospitals for diagnosis as the hospitals are well-equipped with the devices, snowballing number of patients undergoing dental implant procedures every year, and the availability of reimbursement for these procedures across developed markets.

Regional Analysis

North America to Dominate the Dental Equipment Market

North America dominates the dental equipment market as the region is backed by the presence of a well-established healthcare system, high penetration and adoption rate of dental equipment, along with the surging prevalence of dental diseases. The increasing popularity of cosmetic dentistry among the population is boosting the market growth. Additionally, the rising geriatric population is further anticipated to propel the market growth. Apart from this, the local presence of key players, high disposable income, and lifestyle changes accelerate the regional market growth.