Increasing incidence of oral diseases and significant transitions in oral care needs, such as patient preference for painless diagnosis and surgeries, will the drive growth of the market for dental equipment. Technological innovations in the field of imaging and radiology will facilitate quick and effective diagnosis. The growing ageing population is the major consumer segment for this market, due to increasing rates of oral diseases and edentulousness in the same. Also, rising demand for cosmetic dentistry further fuels the market growth. The increasing number of dental clinics and practitioners enables end-users to avail of dental care services at a larger level, thereby boosting the global dental devices market returns.
Emerging technologies will have a great impact over the growth of the market, as these will help reduce the overall turnaround time for dental procedures and also improve the efficiency of practitioners. For instance, introduction of CAD/CAM technology has considerably reduced the designing time for dental prostheses like crowns and bridges and 3D imaging techniques have improved patient diagnosis and procedure planning. While lack of consumer awareness in developing economies may hinder market growth, industry players still have immense growth opportunities due to less stringent regulations with respect to introduction of new and advanced products and also their pricing. Increasing insurance coverage in the developed countries and rising income levels in developing nations like India and China are also expected to contribute significantly to the growth of this market.
The Americas form the largest regional market for dental equipment, and are marked by the presence of numerous market leaders based in this region and a large ageing population that can afford expensive dental procedures. Europe closely follows the Americas with significant developments and growth in the dental industry and a huge number of dental manufacturers operating in various segments with a global presence. Asian countries such as India, China, South Korea, Malaysia, Thailand, and Singapore are likely to provide significant growth opportunities in the dental market due to the rising population and increasing per capita incomes of the large middle class populations. Further, rising awareness levels about dental & oral health and hygiene will ensure a constant increase in the consumer population opting for dental services.