Dental technology remains an important and valuable key to providing excellence in patient care. The role of today’s dental specialist has extended and evolved to being a gatekeeper of new product information, advisor on new restorative materials, imaging devices and radiology techniques, advocate of new technologies to improve consistency and accuracy, and educator for improved chair side techniques
According to a recent study report published by the Market Research Future, the North America Dental Equipment market is expected to gain eminence over the forecast period. The market is forecasted to demonstrate a steady growth by 2023, surpassing its previous growth records in terms of value with a constant CAGR during the anticipated period (2017–2023).
Dental Equipment Market in North America Key Findings:
Dental radiology equipment segment accounted for the largest market share of 32.6% in 2016. This market is expected to reach USD 1,577.7 million by 2023
Dental Sensor segment is expected to be the second largest market which is expected to grow at a CAGR of 6.45% during the forecast period 2017-2023
On the basis of region, U.S. accounted for the largest market share of 77.4% in the North America dental equipment’s market
The North America dental equipment’s market is expected to reach USD 5,107.2 million by 2023
Key Players in the North America dental equipment Market
Major companies rely on strategies that include new product launch, merger, collaboration, acquisition, and other methods to take the North American dental equipment market forward. For instance, Institut Straumann AG acquired 30% stake from their biomaterials partner Botiss medical AG. Dentsply Sirona recently took over OraMetrix with an aim to improve their technological setup which can surely propel the North America dental equipment market.
Some of the major players in this North American dental equipment market are Patterson Dental (US), Henry Schein (US), Dentsply Sirona (US), 3M (US), Straumann (Switzerland), Danaher Corporation (Switzerland), PLANMECA OY (Finland), Carestream Health, Inc., and Biolase Inc.
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Segmentation:
The North American dental equipment market can be segmented by products, applications and end-user.
Product-wise, the North American dental equipment market is segmented into dental radiology equipment, dental sensor, dental hand pieces, CAD/CAM, dental chairs, dental lasers, casting machines, and others. The dental radiology equipment is further segmented into intra-oral X-rays, extra-oral X-rays, 2D imaging, CBCT, and others. The segment holds the largest market share of 32.6% and its valuation expects to reach USD 1,577.7 million by 2023.
The dental sensors are sub-segmented into dental X-ray sensors, phosphor plate sensors. The segment can expect a lift up by CAGR 6.45% during the forecast period. The dental hand pieces include electric, hybrid, and air driven. The CAD/CAM consists software and equipment. The dental chairs comprise electric and hydraulic. The dental lasers are further segmented into lasers for soft tissue, and lasers for hard tissue. The casting machine includes injection casting machine, vacuum casting machine, and centrifugal casting machine.
Based on application, the North American dental equipment market is segmented into examining the mouth and teeth, scaling or professional cleaning of teeth, cavity removal, placing and condensing filling materials, carving and finishing dental fillings, and others.
Based on the end-user, the North American dental equipment market is divided into hospital, dental clinics, dental laboratories, and others.
Regional Analysis
North America region is a fast growing dental equipment market across the globe owing to health conscious population in the countries representing this region. In the U.S., most people are health conscious and they pay more attention to dental health, which allow them to invest more in dental treatments. Thus, it improves their overall dental health and oral appearance. The U.S. holds the major share of the market owing to the huge investment in the research & development, high healthcare spending and increasing prevalence of dental diseases. Additionally, increasing government support and technological advances have fuelled the growth of the U.S. dental equipment market. Canada holds the less share of the market.
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Technological innovation and implementation have scored well for dental industry and North America acts as the core for such research & developments. Growth of this North America dental equipment market can be attributed to better infrastructure that diagnose problems at an early stage and provides cure accordingly.
On the flip side, the North America dental equipment market can get bogged down by poor reimbursement policies.
The North American dental equipment market is growing at a sound pace and is expected to grow at a CAGR of 6.23% during the forecast period 2017-2023
The role of today’s dental specialist has extended and evolved to being a gatekeeper of new product information, advisor on new restorative materials, imaging devices and radiology techniques, advocate of new technologies to improve consistency and accuracy, and educator for improved chair side techniques.
At the same time, the industry endures to wrestle with new challenges redesigning the profession of dentistry. In a dental market where fewer percentage of educated and experienced dentists must meet the needs of an ever-growing population, new technologies arose to increase production levels and awaken a dental technology workforce.
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