Global Dental Equipment Market is Projected to Experience Lucrative Growth till 2025A Chapter by Markets InsightsThe global dental equipment market size was valued at USD 7.66 billion in 2018 and is projected to expand at a CAGR 4.5% during the forecast period.The
global Dental
Equipment Market size is expected to reach USD 10.47 billion by
2025, according to a report published by Grand View Research, Inc. It is
anticipated to expand at a lucrative CAGR of 4.5% over the forecast period. Key
factors attributed to the growth include increasing demand for dental
procedures owing to prevalence of dental disorders and rising awareness and
demand for preventive, restorative, and surgical services for dental care. Moreover,
favorable government initiatives regarding dental hygiene is also a significant
factor responsible for driving the market. Due to increasing number of
initiatives, there is an increase in awareness regarding dental hygiene leading
to increasing adoption of dental treatments, which in turn is anticipated to
drive the market for dental equipment over the forecast period. Dental
equipment are classified on the basis of product into dental radiology, dental
lasers, systems and parts, laboratory machines, hygiene equipment, and others.
The systems and parts segment held the leading market share of 39.9% in 2018
and is anticipated to grow at a lucrative pace over the forecast period. The
segment is further classified into instrument delivery systems, vacuums and
compressors cone beam CT systems, cast machines, furnace and ovens, CAD/CAM,
and electrosurgical equipment. The CAD/CAM sub-segment led in 2018 owing to the
technological superiority of these equipment over traditional die casting
techniques. North
America led with a market share of 29.6% in 2018. Some of the key reasons
attributed to the high share include technological advancements, rising demand
for dental surgeries, growing geriatric population, and increasing number of
dentists and dental clinics. On the other hand, Asia Pacific is expected to
expand at the fastest CAGR of 4.9% over the forecast period. Constantly
developing healthcare infrastructure and increasing healthcare expenditure
coupled with the presence of high unmet medical needs are expected to serve
this market as high-impact rendering drivers. Few
significant companies venturing in the market include, Denstply International
Inc.; A-Dec Inc.; Planmeca Oy; Sirona Dental Systems Inc.; Patterson Companies
Inc.; Straumann; GC Corporation; Carestream Health Inc.; Biolase Inc.; Danaher
Corporation; and 3M. Browse Details of Report @ Further key findings from the report suggest:
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StatsAuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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