The Global Business of Dental Equipment

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The Global Business of Dental Equipment

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The outlook of the global dental industry looks positive to market analysts. According to a recent study published by Markets and Markets, the global dental equipment market which is valued at $4.5 billion in 2011, analysts expect the industry to increase at a CAGR of 5.8% between the years 2011 to 2016. There are many positive factors contributing to these projections, the main of which are growing markets in both developing and established countries that are driving demand for quality dental care and dental equipment.

The largest worldwide consumer segment for dental services is the aging population. This is evident in the increase in cases of oral disease and the use of dental prostheses like crowns, bridges and implants. Patients are more aware of the importance of dental care and are better able to afford it. Patients want development in painless dental procedures and more access to cutting edge technologies and cosmetic dentistry. To meet the market demand for increased dental care, greater numbers of dentists are graduating each year and with them new dental clinics have opened. This in turn increases returns for dental equipment manufacturers.

The potential for market growth is expected to be the most significant in developing countries, particularly in India and China who have in recent years taken the largest economic strides. For example, although public awareness of dental care is still growing in these parts of the world, increased insurance coverage and rising income levels are expected to encourage greater use of dental care services. As well, easier regulations regarding the introduction of new medical technologies and how they are priced cause dental manufacturers to be very motivated to increase their market presence in developing countries. Asian countries like India, China, South Korea, Malaysia, Thailand and Singapore will likely present the greatest opportunities since their populations and affluence are on the rise particularly among the growing middle class. This promises regular market growth that will perpetuate demand for dental care moving forward.

Developed countries across North and South America and Europe are the most established dental markets and so show the highest concentration of equipment manufacturers. They also have significant aging populations with the means to afford costly dental treatments and pursue advanced dental procedures in the care of their teeth.

To meet market needs, dental equipment manufacturers have been gearing technology advances towards improving dental procedures, pain management, diagnosis and efficiency. Some of the improvements have been state of the art imaging and radiology to support fast and effective diagnosis and solutions that speed up the production of dental prostheses like CAD/CAM technology.

Major worldwide dental equipment companies include: Danaher Corporation, Sirona Dental Systems, Planmeca Oy, A-Dec Inc., BIOLASE Technology Inc., Midmark Corporation, Nakanishi Inc., GC Corporation, Henry Schein Inc., Patterson Dental, Sybron Dental Specialities Inc., and Young Innovations Inc..

 

 

Source: http://www.medwow.com/articles/