SAN FRANCISCO, Feb. 1, 2021
SAN FRANCISCO, Feb. 1, 2021 /PRNewswire/ -- The global dental equipment market size is expected to reach USD 16.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.1% from 2021 to 2028. The market is segmented on the basis of dental radiology equipment, dental lasers, systems and parts, laboratory machines, hygiene maintenance devices, and other equipment. These devices assist in diagnosis, treatment, and maintenance of oral health enabling practitioners to prepare a precise course of treatment.
Key suggestions from the report:
Read 137 page research report with ToC on "Dental Equipment Market Size, Share & Trends Analysis Report By Product Type (Dental Radiology Equipment, Dental Lasers, Systems and Parts, Laboratory Machines, Hygiene Maintenance Device), By Region, And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/dental-equipment-market
Companies like Planmeca are constantly bringing in newer computer-aided technology in the market. For instance, in March 2019, the company launched Planmeca Creo C5, which is an advanced 3D printer designed to provide chairside CAD/CAM dentistry and restorative dental practices in a single visit. Drivers like, rising prevalence of oral disorders, the introduction of favorable government initiatives for oral health, and rising medical tourism pertaining to oral procedures are assisting towards the overall market growth.
According to the estimates published by the United Nations in 2019, there were 703 million people aged over 65 years globally, and the number of older individuals is projected to double to 1.5 billion by 2050. The rising prevalence of such oral conditions in the geriatric population is likely to increase the demand for preventive, restorative, and surgical services in the future. According to the American Dental Association, 85.0% of individuals in the United States value oral health and consider it as an essential aspect of overall care. The realization of the importance and maintenance of oral health combined with better access to advanced dental services will help in the growth of the market. However, the "emergency-only" mode of dental care delivery due to the COVID-19 pandemic may have a rippling effect and the market will witness an imminent increase in availing cost of oral care. According to the Journal of Contemporary Dental Practice, dental services may be among the last to relaunch in post-pandemic relaxations since procedures are at high risk of transmission. This might result in serious financial problems and revenue loss for the market.
Grand View Research has segmented the global dental equipment market on the basis of product type and region:
List of Key Players of Dental Equipment Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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