Global Dental Equipment Market size was valued at USD 6.4 billion in 2022 and is poised to grow from USD 6.79 billion in 2023 to USD 10.90 billion by 2031, growing at a CAGR of 6.10% during the forecast period (2024-2031).
Growing emphasis on oral care and rising incidence of dental diseases around the world is projected to boost sales of dental equipment across the study period. Increasing the number of people opting for cosmetic dentistry procedures will also create new business scope for dental equipment providers in the long run. Use of advanced technologies to improve the efficacy of dental equipment will also create new opportunities for market players in the future,
Dental equipment companies should primarily focus on improving accessibility and affordability for their offerings in underdeveloped and developing countries. Designing dental equipment for specific dental surgeries and procedures will also offer some highly rewarding opportunities in the future.
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Dental Equipment Market Segmental Analysis
Global Dental Equipment Market is segmented by Product, End User, and region.
Based on Product, the market is segmented into Therapeutic Dental Equipment, and Dignostic Dental Equipment.
Based on End User, the market is segmented into Dental Hospitals and Clinics, Dental Academic & Research Institutes, and Other End Users.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
New Dental Equipment Launches – Key Revenue Generator for Dental equipment Providers
Dental equipment companies should focus on continually launching new products to stay competitive in this market. Integrating advanced technologies to improve workflow and functionality will also create new opportunities for dental equipment manufacturers. Collaborating will also be a key strategy for market players looking to fast-track their research and development processes. Entering emerging markets is also expected to provide some highly lucrative business opportunities for dental equipment companies in the long run. Dental equipment providers can also work closely with governments and regulatory bodies to make their products more compliant. Venturing into the refurbished dental equipment space will also be a major trend for all dental equipment companies across the study period and beyond.
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Market Remains Opportune but Choosing Right Strategy Will Determine Success
New product launches will remain the preferred and mainstay strategy for almost all dental equipment companies. Investing in the development of new dental equipment equipped with advanced digital technologies will be a major trend for all market players going forward. The global dental equipment market is highly opportune but choosing the right strategy is crucial for success in the future.
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