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Dental Equipment & Consumables Market Set for rapid growth| $32 Bn by 2024

Author : Rahul Sankrityayan | Published Date : 2019-04-01 

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 Dental Equipment & Consumables Market growth.

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Dental consumables segment held the largest revenue of USD 13.8 billion in 2017 owing to increased use of dental prosthetics, endodontics products and syringes. Rise in number of dental procedures has surged the demand for anesthetics and prosthetics. Affordability and readily available prosthetics such as crowns and dentures will positively impact segment growth. Dental prosthetics held largest revenue share of 41.1% among other consumables in 2017. Large demand of fixed as well as removable prosthesis due to increasing number of people with missing teeth and periodontal diseases will significantly impel the segment growth in forthcoming years.
 
Dental clinics estimated to be the largest revenue generating segment, growing at a remarkable 6.3% CAGR from 2018 to 2024. Affordability and convenience form the major factors driving dental clinics segment growth. Moreover, usage of advanced technology in treatment and diagnosis of dental disorders as well as improved efficiency has increased number of visits in dental clinics. Rising number of new dental facilities will boost the demand and patient visits to dental clinics during forecast timeframe.

The advent of technology and advanced medical therapies have brought about a commendable transformation in dental equipment & consumables market in recent years. Given the extensive proliferation of innovative tech breakthroughs in the medical space, it does not quite come as a surprise that companies partaking in dental equipment & consumables industry share have been vying with one another, striving to bring forth a range of enviable, high grade dental components.

An instance justifying the aforesaid is that of the notable dental equipment & consumables market player, Nobilium which announced that its special, RFID-enabled denture identification system has been cleared by the U.S. FDA, and will be commercialized in the coming months. Nobilium basically developed this high-tech product to help nursing facilities ably meet the regulatory standards prescribed for denture care. Apparently, the RFID technology embedded in the rear part of the denture would help identify false teeth from the point of manufacture, owing to which caregivers would be able to link them with the right patient. The system is anticipated to bring about a massive transformation in the perception of dental prosthetics, which would eventually impact dental equipment & consumables market outlook.

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.

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Dental Equipment & Consumables Market, By Product

Equipment:
Dental Lasers
Dental Radiology Equipment
Laboratory Machinery
Systems and Parts
Hygiene Maintenance

Consumables:
Dental Prosthetics
Dental Anesthetics
Dental Prosthetics
Dental Syringes
Endodontics

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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