North American Dental Equipment Market Global Trends, Size, Segments and Growth by Forecast to 2030
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North American Dental Equipment Market
Overview
Technological innovation and implementation have
scored well for dental industry and North America acts as the core for such
research & developments. The North America dental equipment market is
touted to reach USD 9.1 billion by 2030 with a CAGR value of 7.9% during the
forecast period (2022-2030), claims Market Research Future (MRFR) in a holistic
report on the same. Growth of this North America dental equipment market can be
attributed to better infrastructure that diagnose problems at an early stage
and provides cure accordingly. The report includes drivers such as the
prevalence of dental diseases, increasing geriatric population, infrastructural
superiority, the launch of new dental procedures, rising healthcare
expenditure, and government initiatives are helping the North America dental
equipment market in moving ahead.
On the flip side, the North America dental
equipment market can get bogged down by poor reimbursement policies. The increasing incidence
of periodontal diseases among animals is said to be one of the biggest driving
factors for the global North American Dental Equipment
Market.
Additionally, a vast array of factors is contributing to the overall growth of
the market including increasing prevalence of veterinary dental problems,
rising awareness about the health of animals, advancements in technologies, and
increasing spending on pet insurance. However, the increasing cost associated
with advanced dental equipment and the lack of proficient and experienced
veterinarians in emerging nations can pose to be a major challenge for the
global market.
Market Segmentation
The North
American dental equipment market can be segmented by products, applications and
end-user.
Product-wise,
the North American dental equipment 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 segment holds the largest market share of 32.6% and its valuation expects
to reach USD 1,577.7 million by 2023. The dental sensors are sub-segmented into
dental X-ray sensors, phosphor plate sensors. The segment can expect a lift up
by CAGR 6.45% during the forecast period. The dental hand pieces include
electric, hybrid, and air driven. The CAD/CAM consists software and equipment.
The dental chairs comprise electric and hydraulic. The dental lasers are
further segmented into lasers for soft tissue, and lasers for hard tissue. The
casting machine includes injection casting machine, vacuum casting machine, and
centrifugal casting machine.
Based on
application, the North American dental equipment 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-user, the North American dental equipment market is divided into hospital,
dental clinics, dental laboratories, and others.
Regional Analysis
The North
American dental equipment market has the U.S. in forefront where people have
invested substantially in the healthcare sector and gaining much from it.
Almost 77.4% of the regional market share can be attributed to the U.S. The
region always embraces new products and research & development flourishes
owing to this. Major international companies are based out of this region which
gives the region leverage to profit more. Insurance companies are working
round-the-clock promoting healthy living. The budget for health
care in the U.S. holds 16% of the total GDP which can be
taken as a signifier for the increasing sale of the dental equipment
market. Canada is also contributing considerably in the market growth.
Market
Insight:
Major
companies rely on strategies that include new product launch, merger,
collaboration, acquisition, and other methods to take the North
American dental equipment market forward. For instance, Institut Straumann AG
acquired 30% stake from their biomaterials partner Botiss medical AG. Dentsply
Sirona recently took over OraMetrix with an aim to improve their technological
setup which can surely propel the North America dental equipment market.
North American dental
equipment market Players 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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(MRFR), we enable our customers to unravel the complexity of various industries
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