Global Dental Equipment Market Is Estimated to Witness High Growth Owing to Rising Prevalence of Dental Diseases and Growing Medical Tourism
The Global Dental Equipment Market is estimated to be valued at USD 11.36 Bn in 2024 and exhibit a CAGR of 6.4% over the forecast period 2023-2031. Increased awareness regarding oral health and rising prevalence of dental diseases are driving the market growth.
Market Dynamics:
The global dental equipment market growth is primarily driven by the rising prevalence of dental diseases and increasing medical tourism for dental procedures. According to the World Health in November 2024, Organization (WHO), oral diseases affect nearly 3.9 billion people worldwide. Untreated tooth decays are one of the most prevalent conditions globally, majorly impacting children and adolescents. Additionally, the WHO estimates that worldwide approximately 530,000 new cases of oral cancer are diagnosed each year. This growing burden of dental conditions has increased the demand for dental equipment for diagnosis and treatment purposes.
Furthermore, medical tourism has emerged as a major driver for the market. Countries like India, Hungary, Malaysia, and Mexico are popular destinations for dental procedures owing to the availability of latest technology, internationally trained dentists, and significantly lower costs. This has prompted established market players to expand in high potential medical tourism countries in order to capitalize on the opportunities.
Increasing Demand for Cosmetic Dentistry is Driving the Market Growth
The rising awareness about oral hygiene and aesthetic appearance is fueling the demand for cosmetic dentistry procedures globally. People are increasingly opting for tooth whitening, gum contouring, dental veneers, and dental bonding to improve their smile. This is prompting dental practitioners to invest in latest dental equipment such as CAD/CAM systems, dental lighting devices, imaging systems, and dental chairs and equipment. The growing dental tourism industry is also contributing to the growth of the global dental equipment market. Many people from developed countries are travelling to emerging markets for affordable yet high quality cosmetic dental treatments. This is encouraging dental professionals and clinics in these countries to upgrade their facilities with advanced dental equipment.
Growing Geriatric Population with Dental Issues
The proportion of elderly population dealing with dental issues such as tooth loss, gum disease, and oral cancer is increasing worldwide. According to the WHO, there will be nearly 139 million people aged over 80 years globally by 2030. This rising geriatric demographic prone to dental problems is driving the demand for dental restorative equipment like CAD/CAM systems, dental lasers, 3D printers, and dental radiology devices. It is also augmenting the requirement for periodontal equipment and root canal instruments. The increasing life expectancy paired with age-related dental conditions is acting as a major growth driver for the global dental equipment market.
High Cost of Advanced Dental Equipment
One of the key challenges faced by dental equipment manufacturers is the high manufacturing cost of technologically advanced products incorporating latest innovations. CAD/CAM systems, 3D printers, laser systems, CBCT, and dental operating lights comprise multiple precision components and require superior engineering. Their pricing makes them out of reach for many small and medium dental clinics in price-sensitive markets. The high acquisition and maintenance costs of premium dental chairs, radiology devices, scaling units and casting devices also pose a barrier to their widespread adoption. ThisCost factor limits the accessibility for dental practitioners, especially in low and middle-income nations, thus hampering the revenue growth of dental equipment manufacturers.
Stringent Regulatory Framework
Dental devices are strictly regulated by governing bodies worldwide to ensure their safety, effectiveness and performance. Manufacturers have to adhere to norms and undergo a rigorous approval process before marketing their dental products and solutions. While regulations are essential for ensuring standards and patient welfare, the compliance requirements elongate the product development cycles and increase operational costs for companies. Furthermore, frequent changes in guidelines can render previously approved products obsolete, necessitating additional modifications. Such regulatory hurdles and compliance overheads add to the business challenges for players in the industry.
Rising Medical Tourism in Low-Cost Nations
Many Asian and Latin American countries have emerged as preferred destinations for cost-effective medical and dental treatments in recent years. Malaysia, Thailand, Mexico, Costa Rica and Hungary offer high-quality yet relatively inexpensive dental care services, attracting a growing number of international patients. This is translating into increased revenues and procedures for their dental clinics. It is indirectly boosting investments in advanced dental imaging systems, CAD/CAM machines, patient chairs and sterilization devices by these clinics to match international service standards. The thriving medical tourism phenomenon represents a lucrative opportunity for both local dental equipment dealers as well as global manufacturers.
Innovation and Technology Development
Continuous advancements in areas of CAD/CAM, 3D printing, laser dentistry, polymer chemistry, biomaterials and imaging are revolutionizing dental treatments. Miniaturized surgical tools, artificial intelligence applications and augmented reality based guided systems are improving procedural efficacy and outcomes. Dental equipment manufacturers are launching new product categories like intraoral scanners, 3D CBCT systems, paperless charting systems and cloud-based practice management software to capitalize on these emerging domains and evolving dentists’ demands. Technological innovations aligned with changing paradigms provide significant potential for capturing new market share and revenue pools in the coming years.
Link - https://www.coherentmarketinsights.com/market-insight/dental-equipment-market-85
Key Developments:
- On June 2024, Pearl, a global leader in dental AI solutions, was named the preferred artificial intelligence (AI) solutions provider for Midwest Dental, a leading dental technology and supply distributor in the U.S. As part of this partnership, Midwest Dental will offer Pearl’s AI suite, including Second Opinion and Practice Intelligence, to customers across Texas, Oklahoma, New Mexico, and Arkansas.
- In June 2022, Ivoclar, a global leader in innovative dental products and systems, introduced VivaScan, a portable and user-friendly intraoral scanning solution designed to enhance efficiency in dental practices. With its standalone design, VivaScan seamlessly integrates into routine dental workflows, delivering impressive scanning results and streamlining operations for dental professionals.
- In June 2022, Oral-B and Straumann, a pioneer in implant dentistry and orthodontics announced a global partnership to highlight the importance of prevention in periodontal and peri-implant health. This collaboration aims to establish new standards in quality scientific education for dental professionals while helping patients achieve better long-term oral health outcomes.
Key Players:
3M, Dentsply Sirona, Straumann, Danaher Corporation, Henry Schein, Zimmer Biomet, Planmeca, Ivoclar Vivadent, GC Corporation, Biolase Inc., Carestream Health, A-dec Inc., Midmark Corporation, Vatech Co. Ltd., and Nobel Biocare
