North America Dental Equipment Market Size and Growth Rate:
According to the latest reports published by Research Cosmos, North America Dental Equipment Market was valued at USD 2.31 billion in 2018 and projected to reach USD 3.33 billion by 2025 growing at a CAGR of 5.44% during the forecast period 2018 to 2025.
Growth Drivers and Restraints:
The North American market is experiencing fast growth owing to well-established companies in the area with a variety of dental equipment. Nevertheless, the equipment is expensive, most of the users trust on the well-developed name; thus, major and well-settled companies can get an added cost for their products, which gives predominant profit to their spent money. In most cases, innovation is the greatest strategy for the development of the market. Similarly, spending on research & development to offer innovative and advanced products can gain the leverage of capturing the highest share of the market.
Furthermore, the growing prevalence of dental diseases and growing government support for research & development play a vital role in enhancing the North American dental equipment market. The market is previously saturated; thus, the equipment manufacturers can grab the possibility to develop the market by offering new and cost-effective products. The market has been hit due to cosmetic dentistry, which has shown remarkable growth in recent years.
Despite considerable changes in the oral health of the global population, problems persist in many regions of the USA. Oral health problems, such as dental caries and periodontal diseases are considered the most significant oral health burdens worldwide. Dental caries, also known as holes, are common and the currency of dental caries and its severity in children in the USA was supposed to be very high. Dental caries is painful, expensive to treat, and can hurt nutrition intake and overall health. In children, dental caries is especially critical, as even after repair, the destroyed tooth structure exhibits enhanced vulnerability. The number of Americans aged 65 years and older is predicted to more than double, from the present value of 46.0 million to over 98 million by 2060, and the 65 older age group’s share of the total population will increase to nearly 24% from 15%. Increasing geriatric population and the rising rate of edentulous are expected to raise the burden of oral diseases in the USA. This will act as a driver for the market, along with other factors, like increasing demand for cosmetic dentistry.
There exists an increasing demand for refurbished dental equipment owing to the fact that a few organizations provide great refurbishing services, where the users see more value to invest. Refurbished equipment is much cheaper and can be easily found in the market owing to the increasing number of small-scale companies investing in those products. This along with other circumstances, such as the high cost of advanced technologies concerning the field of dentistry will ultimately lead to the slowdown of the majority of this market.
Regional Analysis:
North America region is a fast-growing dental equipment market across all other regions due to the health-conscious population in the US and Canada. It increases their overall dental health and oral hygiene. The US holds a larger share in the market because of the huge investment in the R&D, large expenditure in healthcare and growing prevalence of dental ailments. Additionally, growing government support and technological advances have fed the growth of the US dental equipment market. Canada holds comparatively less share of the market.
Some of the promising companies leading the North America Dental Equipment Market are:
- Biolase Inc.
- 3M ESPE
- A-Dec Inc.
- Carestream Health Inc.
- Dentsply International Inc.
- Danaher Corporation
- GC Corporation
- Planmeca Oy
- Patterson Companies Inc.
- Sirona Dental Systems Inc
- Straumann
This research report includes following segmentation for the North America Dental Equipment Market size and forecast until 2025:
North America Dental Equipment Market – By Products:
- Dental Radiology Equipment
- Dental Handpieces
- Dental Sensor
- CAD/CAM
- Dental Chairs
- Casting Machines
- Dental Lasers
North America Dental Equipment Market – By Application:
- Examining the Mouth and Teeth
- Cavity Removal
- Scaling or Professional Cleaning of Teeth
- Placing and Condensing Filling Materials
- Carving and Finishing Dental Fillings
North America Dental Equipment Market – By End User:
- Hospital
- Dental Clinics
- Dental Laboratories
North America Dental Equipment Market – By Geographical Segmentation: