Number of pages: 100 | Report Format: PDF | Published date: March 03, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
According to the deep-dive market assessment study by Growth Plus Reports, the global dental handpieces market was valued at US$ 1.8 billion in 2022 and is expected to register a revenue CAGR of 5.4% to reach US$ 2.88 billion by 2031.
Dental Handpieces Market Fundamentals
Dentists and dental hygienists use dental handpieces as tools to carry out a range of dental operations. Although dental handpieces are available in various sizes and designs, they all feature a revolving motor that powers a bur or other dental instrument. When performing operations, such as fillings, crowns, and root canals, the dentist or hygienist holds the handpiece and uses it to drill, polish, and shape teeth.
Dental handpieces, such as high-speed dental handpieces, electric dental handpieces, and low-speed dental handpieces, are among the most popular varieties used in dentistry. Despite the emergence of various dental specializations, general or restorative dentistry remains the most common practice among dentists, as it was before. Also, although this is slowly changing, general dentistry still employs more air-driven handpieces than electric ones.
Dental Handpieces Market Dynamics
An increase in the rates of dental caries and other dental disorders, a rise in the need for root canal therapy, and a growth in the older population are the key factors driving revenue growth in the global dental handpieces market. According to the WHO Global Oral Health Status Report (2022), about 3.5 billion people worldwide suffer from oral diseases, with three out of every four individuals residing in middle-income nations. About 514 million children worldwide suffer from primary tooth decay. At the same time, 2 billion adults are thought to have permanent tooth decay.
The prevalence of major oral illnesses continues to rise worldwide due to increased urbanization and changing lifestyles. This is expected to fuel the dental handpieces market. For instance, the American Association of Endodontists estimates that around 25 million root canal procedures were expected to be conducted worldwide in 2021, with more than 41,000 being carried out daily in the United States. The same source also stated that endodontists performed around 28% of root canal procedures, while general dentists performed about 72%. As a result, the demand for dental handpieces is increasing globally as the number of root canal operations increase.
Another significant trend in the market is the rise in dental laboratories. The growing demand for dental services drives growth in the dental laboratory industry. The main drivers propelling the growth of this market are the rising number of dental colleges and dentists.
However, the low reimbursement for dental operations and the high cost of root canal therapy are likely to restrain the revenue growth of the global market for dental handpieces.
Dental Handpieces Market Ecosystem
The global dental handpieces market has been analyzed from three perspectives: type, end user, and region.
Dental Handpieces Market by Product
Based on product, the global dental handpieces market has been segmented into air-driven handpieces, electric handpieces, and hybrid air-driven handpieces.
The air-driven handpieces segment accounts for the largest revenue share in the global dental handpieces market. They have precision drilling and cutting capabilities and are lightweight and maneuverable. Air-driven handpieces contour and shape teeth, eliminate decay and perform other dental procedures. They are also employed during surgical procedures, such as tissue removal, drilling, and cutting. Adjustable speed, torque, vibration settings, and adjustable exhaust ports are a few of the capabilities that air-driven handpieces offer. Moreover, they are made to lessen vibration, noise, and hand fatigue.
The electric handpieces segment is projected to grow at a considerable revenue CAGR in the global dental handpieces market. Electric handpieces have allowed dentists to perform dental procedures more quickly and precisely. Electric handpieces offer a significantly more productive workflow for dental practitioners and are more accurate than their conventional manual equivalents. Electric handpieces speed up treatments, which can assist in shortening the time a patient must wait to receive care. Given these advantages, electric handpieces can be utilized for various dental procedures, such as crowns, root canals, and cavity fillings. Electric handpieces are an excellent piece of equipment for contemporary dentistry. They can be one of the best purchases a dental office can make.
Dental Handpieces Market by End User
Based on the end user, the global dental handpieces market has been segmented into hospitals, dental clinics, and ambulatory surgical centers.
The dental clinics segment accounts for the largest revenue share in the global dental handpieces market. This is due to the increasing number of dental clinics being established. The rise in the adoption of advanced dental equipment by dental practitioners and hygienists drives the segment revenue growth. As the technology of dental handpieces continues to evolve, dental practitioners stay updated with the latest advancements. Additionally, they are becoming familiar with the proper maintenance and usage of the handpieces.
The hospitals segment accounts for a significant revenue share of the global dental handpieces market. The demand for the category is driven by an increase in the adoption of less invasive surgical and diagnostic procedures and the rise in the number of hospitals. Many dental surgeries are performed in hospitals Under the supervision of doctors.
Dental handpieces Market by Region
Based on region, the global dental handpieces market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounts for the largest revenue share in the global dental handpieces market. This is due to advancements in healthcare infrastructure supported by government programs, rapid adoption of innovative procedures, and technological breakthroughs. According to the projections by the Centers for Disease Control and Prevention, about 52% of Americans were expected to have dental caries by 2020. Moreover, the advantages of dental handpieces, including their light weight for easier handling, low noise, and vibration levels, and adequate torque and power for removing bulk, are anticipated to drive the market for dental laboratory handpieces in the region.
In the United States, the market for dental handpieces used in restorative dentistry is still driven by air-driven, or air-turbine, handpieces. In terms of the initial cost of purchase and repair, they continue to be the least expensive choice. They are a popular choice for most procedures carried out by a general dentist since they also have advantages in size and weight. In the United States, the market for restorative dentistry currently accounts for around 30% of electric dental handpieces, also known as variable speed handpieces. This share is expected to increase dramatically in the upcoming four to six years.
The dental handpieces market in Europe is driven by the presence of several significant market players with sizable investment plans, end users, and regular consumers who can easily afford the price of technologically advanced devices that offer safety and high-quality output. An increase in the prevalence of dental problems, a rise in the geriatric population, and a growth in the number of dental clinics drive revenue growth in Europe.
The market in Asia Pacific is projected to register a high revenue CAGR during the forecast period due to technological developments, such as electric dental handpieces with high levels of flexibility and an automated reversing feature for endodontic procedures. However, the high cost of electric handpieces and the availability of alternatives, such as lasers, limit revenue growth in the regional market. The development and adoption of new edition electric dental handpieces by dentists in the Asia Pacific present lucrative growth opportunities in the region.
Dental Handpieces Market Competitive Landscape
The prominent players operating in the global dental handpieces market are:
The dental handpieces market is highly competitive, with various players competing for market share. Companies such as Dentsply Sirona, 3M, and KaVo Dental are major players in the market, offering a wide range of products and services. Additionally, several smaller, niche companies provide specialized products and services to the dental industry. The major players in the market are constantly innovating and introducing new products and services. Additionally, they are engaged in aggressive marketing and advertising campaigns to capture more market share. To remain competitive, companies must continuously develop new products and services and keep up with the latest technological advancements. The industry players are increasing their focus on strategies, such as partnership, acquisition, and collaboration, to increase their market share.
Dental Handpieces Market Strategic Developments
The global dental handpieces market is expected to grow at a revenue CAGR of 5.4% during the forecast period from 2023 to 2031.
Dentsply Sirona, KaVo Dental, 3M Company, Straumann Group, and Inovadentre are key players operating in the global dental handpieces market.
The air-driven handpieces segment dominates the global dental handpieces market.
Asia Pacific is expected to register the highest revenue growth in the global market during the forecast period.
The global dental handpieces market was valued at US$ 1.8 billion in 2022.
*Insights on financial performance are subject to the availability of information in the public domain