Global Dental Laser Market, by Product Type (Soft Tissue Dental Lasers and All Tissue Dental Laser), by Application (Conservative Dentistry, Endodontic Treatment, Periodontics, Oral Surgery, Implantology, Peri-Implantitis, Tooth Whitening, and Others), by End User (Hospitals, Dental Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 292.4 Million in 2023 and is expected to exhibit a CAGR of 9.5% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
The increasing number of oral diseases such as cancer, teeth cavities, and others is expected to drive growth of the market over the forecast period. For instance, according to data published in January 2021, on Centers for Disease Control and Prevention (CDC), stated that globally, among adolescents aged 12 to 19, more than half (57%) have had a cavity in their permanent teeth in 2021.
Global Dental Laser Market – Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another. Countries practically closed down their manufacturing facilities as a result of the rapidly rising number of COVID-19 cases around the world, which had a negative impact on the businesses that manufacture medical devices.
The number of conservative operations such commercial restorations or filled canals has greatly dropped while the number of surgical procedures has significantly grown during the COVID-19 epidemic. The pandemic has had an impact on the range of dental treatments carried out, particularly during its severe stage. In the U.S., the coronavirus disease outbreak of 2019 (COVID-19) essentially forced the closure of 198,000 active dentists and dental specialists. The high risk of dental personnel teams being exposed to and spreading the virus to other patients or staff is a result of the widespread transmission of SARS-CoV-2 in many communities, 18 the potential for infected individuals who are presymptomatic or asymptomatic to spread the virus to others, and the special nature of dental interventions with close proximity of the provider to the patient's mouth and throat. When performing some dental operations, there is a chance that aerosols will be produced, which raises the risk of transmission to dental professionals or potential patients by direct inhalation or contact with contaminated surfaces.
Global Dental Laser Market: Key Developments
On December 9, 2021, Aspen Dental, a dental support organization that provides business support and administrative services in the U.S., announced a partnership with MyLabConnect, a global provider of digital dentistry services software and software-enabled services, in an effort to continually advance technologies, improve processes, and bring better dental care to more people across nearly 1,000 Aspen Dental locations in the U.S.
In September 2021, the FDI World Dental Parliament announced the launch of three-year campaign theme: Be Proud of Your Mouth. The purpose of this campaign was to empower people with the knowledge, tools and confidence to secure good oral health.
In August 2021, J. MORITA CORP, a company focused on manufacturing of dental equipment announced the acquisition of SK MEDICAL ELECTRONICS CO., LTD, a company that designs, develops, and manufactures dental devices. This acquisition will help to expand the dental equipment portfolio of J. MORITA CORP.
In June 22, 2022, Sonrava Health, a multispecialty organization, announced that it has completed the acquisition of Mid-Atlantic Dental Partners, which is a provider of dental support services. This acquisition will help Sonrava Health to expand its footprint in U.S.
Browse 35 Market Data Tables and 30 Figures spread through 182 Pages and in-depth TOC on “Global Dental Laser Market”- Forecast to 2030, by Product Type (Soft Tissue Dental Lasers and All tissue dental laser), by Application (Conservative Dentistry, Endodontic Treatment, Periodontics, Oral Surgery, Implantology, Peri-Implantitis, Tooth Whitening, and Others), by End User (Hospitals, Dental Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/dental-laser-market-5532
Key Takeaways of the Global Dental Laser Market:
- The global dental laser market is expected to exhibit a CAGR of 9.5% during the forecast period due to increase in the geriatric population as they are more likely to get oral diseases. For instance, according to the data published in October 2021, by World Health Organization (WHO), stated that between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%.
- On the basis of region, North America is estimated to hold a dominant position in the global dental laser market over the forecast period, owing to increase in the inorganic growth strategies such as acquisition by the key players in the market. For instance, in October 2020, Cerberus Capital Management, L.P, a private equity firm, specializing in distressed investing, announced the acquisition of National Dentex Labs, a provider of dental services in U.S. This acquisition will help Cerberus Capital Management, L.P to expand its product portfolio.
- Among end user, hospitals segment is expected to hold a dominant position in the global dental laser market, owing to increase in the number of dental procedures. For instance, data published in February 2021, on National Library of Medicine, stated that the number of dental procedures performed in Brazil was around 15 million in 2020.
- Major players operating in the global dental laser market include AMD LASERS, Biolase, Inc, FOTONA D.D, Convergent Dental, Ivoclar Vivadent AG, Sirona, ZOLAR Technology & Mfg. Co. Inc.,THE YOSHIDA DENTAL MFG. CO.,CAO Group, Inc., Lumenis, Elexxion AG, J. Morita Corp., and KaVo Dental
