Dental Equipment Market Is Predicted To Grow Quickly Due To The Rising Geriatric Population Till 2020: Grand View Research, Inc.
The global dental equipment market size is
expected to reach USD 8.45 billion by 2020, according to a new report by Grand
View Research, inc. Rising geriatric population led to high prevalence of age
related dental disorders, which is expected to support the industry growth. As
a consequence of unhealthy lifestyle and ignorance of oral hygiene there is
high prevalence of teeth and cavities related disorders which in turn is
increasing the demand for dental surgeries.
As per the World Health
Organization (WHO) statistics globally, 60% to 90% of school children and
nearly 100% of adults have cavities. As a result, WHO has undertaken
initiatives pertaining to the promotion of oral disease prevention and hygiene
across the globe. These initiatives have resulted in a rise in the number of
dental diagnostic and therapeutic devices.
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Growth in demand for aesthetic
procedures has led to a spur in the cosmetic dentistry. Furthermore, increasing
dental tourism has led to an increased demand for sophisticated and advanced
equipment.
Systems & parts was the
largest product segment accounting for USD 2,206.2 million revenue of the overall
market in 2013. High usage rates supported by increasing procedure volumes, is
a key factor attributing to the segment’s growth.
Lasers are expected to grow at a
lucrative rate over the forecast period owing to, high usage and rising demand
of dental lasers especially in the field of cosmetic dentistry. In addition,
benefits associated with these lasers namely accuracy and precision in
procedures like removal of the enamel decay without affecting the gum and bone
tissue are expected to boost usage rates.
North America accounted for a
substantial market share in 2013 owing to the growing incidences of oral health
problems hence, creating high demand for dental procedures. Europe dental
equipment market accounted for a major share in 2013. The region’s large share
was on account of the growth in demand oral health related products and
increasing patient awareness
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Research: http://www.grandviewresearch.com/industry/medical-devices
Asia Pacific is expected to
witness high growth over the forecast period owing to increased demand due to
presences of large patient pool with high unmet demand. Adoption of innovative
instruments and techniques is expected to propel growth in this region.
Furthermore, improving healthcare infrastructure as a result of favorable
government initiatives is likely to introduce an amicable business environment
to the region.
Key players of this market
include Danaher Corporation, Planmeca Oy, A-Dec Inc., Sirona Dental Systems,
Carestream Health and Dentsply international, 3M ESPE and Biolase.
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By Grand View Research: http://www.grandviewresearch.com/press-release/global-dental-equipment-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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