Dental Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

The dental equipment market is expected to register a CAGR of 5.1% over the forecast period.

The outbreak of the pandemic impacted the market. During the initial days of the COVID-19 situation, the number of visits to hospitals and clinics for dental purposes decreased significantly, which reduced the demand for dental equipment. For instance, Dentsply Sirona reported that its net sales for the first quarter of 2020 were down by 7.6% due to low patient volumes and canceled elective procedures. This downward trend in revenue and net sales was also observed in several other companies in the market.Similarly, in March 2020, the ADA recommended that dental practices and elective dental procedures be postponed until April 6, 2020, and only emergency dental services be operational to reduce the burden on hospital emergency departments. This recommendation was updated on April 1, 2020, when the ADA advised offices to remain closed to all but urgent and emergency procedures until April 30, 2020, because of the rise in COVID-19 cases. Thus, such incidents hampered the market's growth in the initial phase of the outbreak. However, with the ease of restrictions and upliftment of lockdowns, the market has already started to gain traction and is anticipated to continue the upward trend over the forecast period.

The growing aging population, coupled with the increasing incidence of dental diseases, increasing demand for cosmetic dentistry, and innovation in dental products, are the major drivers for the market. Furthermore, the growing demand for dental care facilities and dental surgical procedures are some of the other major factors propelling the growth of the market. For instance, as per a March 2022 update by the World Health Organization (WHO), it is estimated that oral diseases affect nearly 3.5 billion people worldwide, and severe periodontal (gum) disease, which may result in tooth loss, is also common, with almost 10.0% of the global population affected. Due to the increased prevalence of the disease, there have been various technological innovations on the market as well. For instance, in January 2021, Nobel Biocare launched the Xeal and TiUltra surfaces in the United States. These new surfaces are applied to implants and abutments, which optimize tissue integration at every level. ​

Moreover, these market players engage in inorganic and organic strategies, including expansions, product launches, acquisitions, collaborations, mergers, and partnerships, to establish a strong presence and expand their geographical reach. For instance, in August 2020, Straumann Group sold the Equinox/Myriad brand of dental implant systems that had been discontinued following the successful launch of the Neodent brand in India and globally. In addition, cosmetic dentistry is one of the emerging markets that is gaining popularity due to the increasing focus on dental tourism and a rising preference for aesthetic and perfect teeth. Such trends are expected to drive the market’s growth shortly. Thus, owing to the aforementioned factors, the market is expected to witness lucrative growth opportunities during the forecast period.

But the rising cost of dental surgeries and the lack of access to medical reimbursement policies are likely to slow the growth of the market over the next few years.

Dental Equipment Market Trends

The Prosthodontic Segment is Expected to Witness Significant Growth Over the Forecast Period

Prosthodontics is a specialty within dentistry that helps in the design, creation, and placement of replacements for chipped, broken, or missing teeth. Common materials used in prosthetic surgery include veneers, crowns, implants, and dentures. Prosthodontic treatments include dental bonding, dental implants, bone grafting, dental crowns, and dental bridges.

The growing preference for aesthetic appearance among individuals, compelling them to go for prostheses, and technological innovations and product launches have augmented the segment's growth. For instance, in January 2022, RODO Medical, a California-based dental device company, entered into a strategic partnership with Aurum Group to launch Rodo Digital Prosthetics (RDP) in the United States. In addition, both companies have agreed to a limited exclusive distribution agreement in Canada. According to this, Aurum will be able to service RODO's Smileloc and Smileclip restorations for their customers from a single crown to a full mouth with their quality prostheses across the country.

The rise in demand for prosthodontics is also driving up demand for dental radiology equipment such as cone beam computed tomography (CBCT), which is regarded as a unique imaging option for a prosthodontist's various treatment needs.It has proved beneficial in multiple aspects of prosthodontic practice, i.e., from imaging of the temporomandibular joint to denture therapy. Major players are also coming up with novel and technologically advanced CBCTs for the market. For instance, in April 2022, Carestream Dental introduced CBCT imaging with the Neo Edition of the CS 8200 3D Family. The Neo Edition is an evolution of the CS 8200 3D and optional Scan Ceph module that improves ease of use, contributes to a better clinical experience and leads to more successful outcomes for patients.

Thus, owing to the above-mentioned factors, considerable segment growth is expected over the forecast period.

North America Region is Expected to Witness Significant Growth Over the Forecast Period

North America is expected to dominate the overall dental equipment market over the forecast period. The growth is due to factors such as the increasing prevalence of dental diseases and the wide acceptance of technological advancements in dental equipment like lasers, intra-oral cameras, digital radiography, and CAD/CAM systems. An increasing number of dental visits is also propelling the growth of the market. For instance, the Early Release of Selected Estimates Based on Data From the 2020 National Health Interview Survey, published in August 2021, reported that in 2020, 63% of adults aged 18 years or older visited the dentist in the United States. Such a high number of dental visits creates the need for dental equipment for check-ups and treatment, which is expected to drive the growth of the market.

Key product launches, a high concentration of market players or manufacturers' presence, acquisitions and partnerships among major players, and increasing cases of dental diseases in the United States are some of the factors driving the growth of the dental equipment market in the country. For instance, in February 2022, Planmeca USA launched the new wet/dry chairside mill, the Planmeca PlanMill 35. The new Planmeca PlanMill 35 provides single-visit dentistry to their patients.

Therefore, owing to the aforesaid factors, the growth of the studied market is anticipated in the North American region.

Dental Equipment Market Competitor Analysis

The dental equipment market is fragmented in nature due to the presence of several companies operating globally as well as regionally. The major players in the market have implemented specific strategies, like product launches, to sustain market competition. The competitive landscape includes an analysis of a few international as well as local companies that hold market shares and are well known, including 3M, Bien-Air Medical Technologies, Biolase Inc., Dentsply Sirona, and GC Corporation, among others.

Additional benefits of purchasing the report:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

This product will be delivered within 2 business days.