Therapeutic Dental Equipment Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s therapeutic dental equipment market report forecasts the therapeutic dental equipment market size to grow to $4.22 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.
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Therapeutic Dental Equipment Market Size Forecast
The global therapeutic dental equipment market is expected to grow from $2.27 billion in 2022 to $2.58 billion in 2023 at a compound annual growth rate (CAGR) of 13.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The therapeutic dental equipment market size is expected to grow to $4.22 billion in 2027 at a CAGR of 13.1%.
Asia-Pacific held the largest therapeutic dental equipment market share.
Key Therapeutic Dental Equipment Market Driver – Increase The Demand For Dental Care And Surgeries
The major lifestyle changes that have stimulated periodontal diseases include smoking, inadequate oral hygiene, and unawareness about dental health. Diabetes is also one of the major reasons for oral diseases. With the increasing diabetic population, which is estimated to rise by 154% (to 642 million in 2040), the need for periodontal care is expected to rise. These lifestyle changes along with rising diabetes prevalence are expected to increase the demand for dental care and surgeries thereby driving the therapeutic dental market.
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Key Therapeutic Dental Equipment Market Trend – Technological Advancement
There have been continuous technological advancements in dental lasers that are resulting in a positive impact on the growth of the dental laser industry. For instance, in 2020, Summus Medical Laser, the leading provider of high-powered laser therapy products, launched the horizon dental laser system, the first Class IV therapy laser system designed specifically for the dental industry. The development of such new technologically advanced devices will augment industry growth.
Therapeutic Dental Equipment Market Segment
1) By Product: Soft tissue Lasers, All tissue Lasers
2) By End user: Hospitals, Clinics, Dental laboratories
3) By Therapeutic Area: Restorative dentistry, Orthodontics, Endodontics, Other therapeutic areas
Therapeutic Dental Equipment Market Major Players and Strategies
Major players in the therapeutic dental equipment market are AMD LASERS LLC., BIOLASE Technology Inc., Danaher Corporation, Dentsply Sirona, Planmeca Group, A-dec Inc., 3M Company, Midmark Corporation, A.R.C. Laser, Carestream Health Inc., and The Yoshida Dental Mfg. Co. Ltd.
The Therapeutic Dental Equipment Global Market Report 2023 covers regional data on therapeutic dental equipment market size, therapeutic dental equipment market trends and drivers, opportunities, strategies, and therapeutic dental equipment market competitor analysis. The countries covered in the therapeutic dental equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Dental therapy is the process of restoring the health of the teeth and gums. Therapeutic dental equipment is used for the treatment of dental diseases.
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