Dental Equipment Market Share, Growth, Trends (2022-27) | Report
Market Overview:
With a forecasted CAGR of 5.1% from 2022 to 2027, the Dental Equipment Market is projected to generate revenues of USD 11,480.52 million from an estimated market value of USD 8,001.9 million in 2021.
The demand for dental equipment has been hampered by the current COVID-19 situation, which has reduced the number of visits to hospitals and clinics for dental care. Due to low patient volumes and postponed elective procedures, Dentsply Sirona reported that its net sales for the first quarter of 2020 fell by 7.6%, or 4.3% in organic terms. This downward trend in revenue and net sales was seen in a number of other market companies.
The American Dental Association (ADA) recommended in March 2020 that dental offices delay elective dental procedures until April 6, 2020 and only offer emergency dental care in order to prevent patients from overtaxing hospital emergency rooms. Due to the increase in COVID-19 cases, the ADA updated this recommendation on April 1, 2020, advising offices to remain closed to all but urgent and emergency procedures until April 30, 2020. As a result, these incidents prevented the market from expanding in the early stages of the outbreak, but it is anticipated that the market will pick up steam over the following years.
Scope of the Report:
According to the report’s purview, dental equipment refers to the tools used by dental specialists to deliver dental care. They include instruments for inspecting, adjusting, treating, restoring, and removing teeth and related oral structures. To examine, repair, extract teeth, and manipulate tissues, standard instruments are used. The market is broken down into different categories based on the following factors: Product (general and diagnostic equipment, dental consumables, and other dental devices), Treatment (orthodontic, endodontic, periodontic, and prosthodontic), End-User (hospitals, clinics, and other end users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report also includes projected market sizes and trends for 17 nations in the world’s major geographical regions. The report provides market size and forecasts for the aforementioned segments in US dollars million.
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