Consumer’s interest generated through advertisements is estimated to drive the growth of dental equipment & consumables market

calendar_today 22 February, 2022 person_outline Growth Plus Reports

Dental Equipment & Consumables Market by Type [Equipment and Consumables], End User [Hospitals and Dental Clinics] – Global Outlook & Forecast 2021-2031

According to the deep-dive market assessment study conducted by Growth+ Reports, the global dental equipment & consumables market was pegged at ~US$ 30.7 billion in 2020. The market is expected to witness a CAGR of ~6.0% from 2021 to 2031. 

Increasing incidence of dental disorders coupled with growing geriatric population, growing demand for cosmetic dentistry, the launch of technologically advanced products, and interest of consumers generated through online advertisements are some of the pivotal factors propelling the growth of the dental equipment & consumables market. However, high costs coupled with limited coverage of dental treatments are likely to restrain the market growth to a certain extent.

Prominent players across the globe are implementing several initiatives to train dentists, team members, and dental technicians on dental procedures and latest dental technology. For instance, Dentsply Sirona is recognized as one of the largest providers of comprehensive clinical education programs in the dental industry. In 2019, more than 470,000 dental professionals participated in nearly 15,000 courses organized by the Dentsply Sirona Academy which was also supported by leading clinical experts and organizations. In the COVID-19 pandemic, Dentsply Sirona Academy transitioned their in-person courses to webinars and on-demand learning showing their support towards the global health crisis.

According to the Global Burden of Disease Study 2017, around 3.5 billion people worldwide are affected by oral disease, and dental caries of permanent teeth is considered the most common condition. Globally, it is estimated that 2.3 billion people suffer from caries of permanent teeth and more than 530 million children suffer from caries of primary teeth. Around 60–90% of school children suffers from tooth decay, whereas, 30% of people aged between 65–74 years have no natural teeth. Therefore, the rising incidence of dental problems is expected to boost the market.

Dental industry has evolved over the years with the development of new technologically advanced dental equipment and materials that enable superior results. These advancements have increased patient compliance considerably and reduced the treatment time. It has also increased the demand for minimally invasive dental procedures. Prominent players are continuously striving to launch several novel or complementary dental equipment’s and materials that can offer more advantages. For instance, in Jan 2020, Dentsply Sirona introduced its new grinding and milling unit, CEREC Primemill, at the Global CEREC KOL event in Berlin to about 200 international dental professionals, key opinion leaders, and representatives of the press. The unit is likely to be a true game-changer in chairside dentistry, as it will help facilitate and accelerate the fabrication of chairside restorations.

According to FDI World Dental Federation, dental caries is the fourth most expensive oral disease to treat and consumes 5–10% of healthcare budgets in industrialized countries. About, 80% of Americans delay dental care owing to high long term cost. According to WHO, dental treatment accounts for 5% of total health expenditure and 20% of out-of-pocket health expenditure. Therefore, out of pocket expenses for most of the dental care services, with very limited influence of private/public insurance companies is considered a huge barrier to access dental care, thereby hampering the growth of the market.

The Asia Pacific region is projected to be the fastest growing dental equipment & consumables market. The high growth of the region can mainly be attributed to its developing healthcare infrastructure, rapidly developing economies and growth in the private dental care sector. Countries such as India, China and Japan in the APAC region are projected to offer significant growth opportunities owing to large geriatric population base and presence of huge patient population.

Some of the prominent players operating in the dental equipment & consumables market are Zimmer Biomet, 3M, Carestream Health, aap Implantate AG, A-dec Inc., Dentsply Sirona, BioHorizons, BIOLASE, Inc., Dentatus, Henry Schein, Inc., among others.

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