Global Dental Equipment and Consumables Market is Estimated to Be $26 Billion by 2014
The dental devices report forecasts the size of global dental equipment and
consumables market over the period 2009 – 2014. The report analyses the key
trends of the market, and segments the global dental equipment and consumables
market by components and into various geographic regions (with the market size
for each of these regions). Further, it discusses the key market drivers,
restraints and opportunities of the global dental equipment and consumables
market.
The global dental equipment and consumables market is estimated to be $26
billion by 2014, growing at a CAGR of 6.8%. The market is expected to grow
because of the tremendous demand for dental biomaterial and dental implants. It
is expected that the market for dental implants and dental biomaterials will
grow at an overall CAGR of 12.2% and 10.5% respectively from 2009 – 2014. The
main driving element for global dental equipment market is the advancement in
technologies that are available to dentists’ for treating their patients.
The growth of this market is expected to be highest in the U.S. and EU where the
generation of aging baby boomers can afford the quality but expensive dental
procedures. This is also expected to be a catalyst for the growth and popularity
of cosmetic treatments and implants along with the increasing demand for better
orthodontic products by youngsters. The emerging technology will reduce the
overall turnaround time for dental procedures while improving efficiency of the
dental practitioners. For example, introduction of CAD/CAM has reduced designing
time for dental crowns and bridges and 3D imaging techniques have improved
patient diagnosis and procedure planning. Improvements in the field of dental
biomaterials and tissue regenerative material have enabled the dentists to offer
more natural and longtime dental solutions. Dentists are now educating their
patients about dental products, which has helped in improving customer awareness
about products and the latest available technologies. Changing consumer needs
and a shift towards cosmetic dentistry will drive the market for hi-end dental
solutions.
Stiff competition exists among the industry participants due to product
differentiation, technology and pricing. This is more evident among dental
companies resulting in companies adopting strategies like technology
integration, product improvement and re-branding.
While existing reports have attempted to study end-user attitudes and
demographics, they do not provide a complete picture from the industry’s
perspective. This report on “Global Dental Devices and Consumables Market”
analyzes the market dynamics exclusively from the industry point of view. The
report aims at providing a two-dimensional picture of the market by focusing on
all aspects of the dental devices market as well as the dental consumables
reporting the key trends, which are further analyzed at the micro market levels.
The report also includes segments for dental diagnostic devices, dental
treatment based devices, consumables and other dental devices market.
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