Market Synopsis of North America Dental Equipment Market
Over the last two hundred years, dentistry has made countless strides and also experienced a few setbacks globally. Though, the ultimate goal of the profession has always remained the same, which is to meet the treatment needs of the patient. Dental technology remains an important and valuable key in providing excellence patient care. The role of today’s dental specialist has extended and evolved to being a gatekeeper of new product information, advisor on new restorative materials, imaging devices and radiology techniques, advocate of new technologies to improve consistency, accuracy, and educator for improved chair side techniques.
According to the American Dental Association, in 2014, 52.3% of adults reported to visit the dentist in every six months, 15.4% reported once per year, and 11.0% reported once in every two to three years. The North American dental equipment market is majorly driven by increasing use of CBCT (Cone Beam Computed Tomography) in orthodontic diagnosis and treatment planning, and increasing prevalence of dental diseases.
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According to the population reference bureau, the number of Americans ageing 65 and older is projected to more than double i.e. from 46 million in 2015 to over 98 million by 2060. It is estimated that over 20% of the US population would age over 65 years by 2030. Increasing geriatric population and healthcare expenditure have boosted the market growth. Moreover, changing environmental condition and increasing per capita income have fuelled the growth of the market over the review period. However, According to the National Coalition on Health Care more than 108 million children and adults lack dental insurance, which is more than 2.5 times the number who lack medical insurance. However, poor reimbursement policies, and gray market of dental distribution may slow the growth of the market.
The North American dental equipment market is growing at a sound pace and is expected to grow at a CAGR of 6.23% during the forecast period 2017-2023
- Dental Equipment Manufacturers
- Dental Equipment Providers
- Medical Research Laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
The North American dental equipment market is segmented on the basis of products, applications and end user.
On the basis of product, the market is segmented into dental radiology equipment, dental sensor, dental hand pieces, CAD/CAM, dental chairs, dental lasers, casting machines, and others. The dental radiology equipment is further segmented into intra-oral X-rays, extra-oral X-rays, 2D imaging, CBCT, and others. The dental sensors are further segmented into dental X-ray sensors, phosphor plate sensors. The dental hand pieces are further segmented into electric, hybrid, and air driven. The CAD/CAM is further segmented into software and equipment. The dental chairs are further segmented into electric and hydraulic. The dental lasers is further segmented into lasers for soft tissue, and lasers for hard tissue. The casting machine is further segmented into injection casting machine, vacuum casting machine, and centrifugal casting machine.
On the basis of application, the market is segmented into examining the mouth and teeth, scaling or professional cleaning of teeth, cavity removal, placing and condensing filling materials, carving and finishing dental fillings, and others.
Based on the end use, the market is divided into hospital, dental clinics, dental laboratories, and others.
North America region is a fast growing dental equipment market across the globe owing to health conscious population in the countries representing this region. In the U.S., most people are health conscious and they pay more attention to dental health, which allow them to invest more in dental treatments. Thus, it improves their overall dental health and oral appearance. The U.S. holds the major share of the market owing to the huge investment in the research & development, high healthcare spending and increasing prevalence of dental diseases. Additionally, increasing government support and technological advances have fuelled the growth of the U.S. dental equipment market. Canada holds the less share of the market.
- Dental radiology equipment segment accounted for the largest market share of 32.6% in 2016. This market is expected to reach USD 1,577.7 million by 2023
- Dental Sensor segment is expected to be the second largest market which is expected to grow at a CAGR of 6.45% during the forecast period 2017-2023
- On the basis of region, U.S. accounted for the largest market share of 77.4% in the North America dental equipment’s market
- The North America dental equipment’s market is expected to reach USD 5,107.2 million by 2023
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Key Players in the North America dental equipment Market
Some of the major players in this market are Patterson Dental (US), Henry Schein (US), Dentsply Sirona (US), 3M (US), Straumann (Switzerland), Danaher Corporation (Switzerland), PLANMECA OY (Finland), Carestream Health, Inc., and Biolase Inc.
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