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Dental Equipment & Consumables Market 2019- Current Industry Status & Growth Opportunities

Author : Rahul Sankrityayan | Published Date : 2019-03-26 

The Dental Equipment & Consumables Market is set to exceed USD 32 billion by 2024; according to a new research report by Global Market Insights. Technological advancements in dental equipment will positively impact dental equipment and consumables market. Usage of X-rays, lasers, intraoral cameras and CAD/CAM technology for detection of various dental problems will escalate the demand for dental equipments. For instance, laser dentistry is less invasive procedure that can serve as an alternative to other procedures. Moreover, technologies such as air abrasion, intraoral scans and dental implants further stimulate the market demand, thereby increasing industry revenue.

Rising geriatric population prone to dental disorders will act as significant impact rendering factor. Common dental disorders in older populations such as sensitivity, periodontitis and dental caries are substantially increasing. According to the American Dental Association, approximately 30% of elderly people aged 65 years and above suffer from xerostomia (dry mouth). Geriatric population that possess higher risk due to gingival recession, restorations and other factors will drive the industry growth.

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Why the U.S. has turned out to be a major hub for dental equipment & consumables market

It has been observed that most of the developed economies have been witnessing a massive spike in the number of dental surgeries and implants lately, thereby leading to a rise in the demand for high quality dental components. As per the American College of Prosthodontics, over 36 million Americans do not have any teeth, while 120 million of the U.S. populace are missing at least one tooth. These statistics bear evidence to the fact that the United States would continue to remain a major hub for dental equipment & consumables market in the years ahead.

The United States is also home to a host of dental disorders, ranging from oral cancers and hygiene issues to Periodontitis disease and gum inflammation. As per the National Cancer Institute, one American succumbs to death due to oral cancer every hour of every day, and only 50% of the diagnosed subjects will survive more than five years. Furthermore, the geriatric population in the country, vulnerable to numerous dental problems, has been on a rise lately, providing further impetus for the growth of dental equipment & consumables industry size.

Another primary reason for the growth of U.S. dental equipment & consumables market is the favorable support received by the regional government. The availability of reimbursement schemes such as, Dental Health Maintenance Organizations (DHMO) plan and the preferred provider organizations (PPO) dental plan have been contributing toward the prevalence of dental implant surgeries and other dental disorder treatments in the country, thereby providing a major boost to U.S. dental equipment & consumables market trends.

Major companies partaking in U.S. dental equipment & consumables industry share have been striving to come up innovative products and awareness schemes for dental healthcare, in an attempt to consolidate their presence in the regional business and overseas. Midmark Corp., for example, one of most prominent giants in U.S. dental equipment & consumables market, recently unveiled the new Midmark Dental Health Clinic at the Sinclair Community College in Dayton, Ohio. The facility showcases Midmark’s high quality equipment and consumables and provides a rather amiable, educative environment for dental hygiene students. It is prudent to mention that the Midmark Dental Health Clinic, on an annual basis, provides patient care worth USD 500,000 to around 1,500 uninsured children, adults, senior citizens, and veterans. The company thus, seems to be focusing extensively on awareness activities and CSR programs, which would considerably strengthen its stance in U.S. dental equipment & consumables industry.

Dental equipment & consumables market has been gaining appreciable momentum in numerous other geographies across the globe as well. The latest trends proliferating this business space border on the deployment of laser technology for dental treatment. While the research for using laser therapy for dental surgeries and implants has been underway ever since the inception of lasers, it is being estimated that lesser than 10% of dentists presently use lasers. One of the key reasons for the same may be attributed to the lack of user-friendly, commercial, and high-quality lasers.

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Few of the prominent market players operating in global Dental Equipment & Consumables Market are A-Dec, Inc., AMD Lasers, BioLase, Carestream Dental LLC, Danaher corporation, Dentsply Sirona, GC Orthodontics America, Henry Schein, Ivoclar Vivadent Aktiengesellschaft, Kerr Corp, Midmark Corporation, Patterson Companies, Planmeca OY, Straumann Holdings AG, 3M and Zimmer Dental. The competitors are adopting strategic initiatives such as collaborations and partnership to sustain and expand their business in dental equipment and consumables market. For instance, in March 2018, Dentsply Sirona and North American Dental Group announced their comprehensive partnership, thereby helping the company in increasing its business revenue.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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