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NEW YORK, Aug. 22, 2022 /PRNewswire/ — The “Dental Equipment Market by Product and Geography – Forecast and Analysis 2021-2025” report by Technavio expects the market size to grow by USD 11.29 billion between 2020 and 2025. The market observed a YOY growth of 6.45% in 2021 and the growth momentum is expected to accelerate at a CAGR of 6.65% during the forecast period. The report identifies North America as the key market, occupying 42% of the global market share. The report offers a comprehensive analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Download Sample PDF Report Here
Technavio categorizes the global dental equipment market as a part of the global healthcare equipment market. The parent, global healthcare equipment market covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants , accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases.
The global dental equipment market is fragmented, with the presence of several global and local vendors. Key vendors mainly focus on developing a comprehensive range of advanced dental equipment. They cater to the growing demand from end-users such as dental hospitals and dental clinics. Prominent vendors in the market are competing based on brand, quality, and price. The market is observing collaborations and tie-ups of these vendors with dental clinics and practitioners. These collaborations help them promote their products in exhibitions, conferences, and webinars.
The increasing prevalence of dental diseases and related risk factors has been instrumental in driving the growth of the market. However, the high cost of dental equipment might hamper the market growth. Competitors must focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also must leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 3M Co., A-Dec Inc., BIOLASE Inc., Carestream Dental LLC, DENTSPLY SIRONA Inc., Envista Holdings Corp., GC Corp., Patterson Companies Inc., Planmeca Group, and Straumann Holding AG are identified as some of the major market participants.
The global dental equipment market is segmented as below:
- Product
- Dental Diagnostics and Surgical Equipment
- Dental Consumables
- Dental Laser
The dental diagnostics and surgical equipment segment generated the maximum revenue in …
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