Newsletter
DALLAS, Texas, USA: According to a new report published by U.S. market research and consulting company MarketsandMarkets, the global dental equipment market is expected to reach $7,138.9 million over the next five years. Along with technological advancements, the rising aging population worldwide, increasing demand for cosmetic dental treatments and growing dental tourism were identified as the main driving factors of this market.
From $5,416.3 million in 2014, the global dental equipment market will grow at a compound annual growth rate of 5.7 percent over the next several years.
Regarding product categories, the dental systems and equipment segments are expected to grow at the highest compound annual growth rate, owing to the increasing need for dental services attributed to the rising aging population worldwide and in the Americas in particular. In Asia, growth will be largely determined by the favorable regulatory environment in this region. In addition, more major dental companies are expected to expand into and invest in the Asian region.
Dental radiology equipment constitutes the second-largest segment in the market. In this segment, MarketsandMarkets expects the highest growth in extra-oral X-ray devices, mainly attributed to the increasing demand for CBCT systems.
Among other companies, the report identifies A-dec, BIOLASE, Ivoclar Vivadent, Planmeca andSirona as prominent industry participants in the dental equipment market.
The full report, titled "Dental Equipment Market (Dental Radiology, CAD/CAM, Dental Chairs, Dental Lasers) Current Trends, Opportunities—Global Forecast to 2019," can be purchased via MarketsandMarkets' website.
