Dental Tribune U.S. Edition

Ad Global dental-equipment market is expected to hit $7.6 billion by 2018 According to a market report re- cently released by Transparency Mar- ket Research, the global dental equip- ment market was valued at $5.5 billion in 2011 and is expected to grow at a compound annual growth rate of 4.7 percent from 2012 to 2018, to reach an estimated value of $7.6 billion in 2018. Dianostics, treatment drive growth The market growth is primarily attrib- uted to the advancement in diagnostic and treatment technologies, such as dental lasers, leading to faster healing, minimal pain, reduced chair time and more precise diagnosis. In addition, growing global aware- ness about the role of dentistry in es- thetics coupled with increasing dispos- able income of patients is also feeding the growth in the dental equipment market. The trend of patients migrating to developing countries such as India, in search of better and cheaper dental treatment, referred to as dental tour- aging population possessing a desire to retain natural tooth structure. In 2011, North America was the leader in terms of market share and is expect- ed to maintain its leadership position in 2018. This can be attributed to the rapid adoption of advanced technolo- gies such as CAD/CAM, along with rela- tively higher dental-health awareness across the population. Europe gaining on North America However, the European market is ex- pected to grow at the highest com- pound annual growth rate — at more than 5 percent from 2012 to 2018. Fac- tors such as the aging population in Western Europe and migration of pa- tients from Western Europe to Eastern Europe for availing affordable dental treatments will be responsible for the higher growth rate. The dental systems and parts sector held majority share of the market in 2011 at 35 percent, because of its wide range of applications useful in the various steps of dental treatments, such as diagnosis using cone-beam CT systems and treatment using instru- ment delivery systems, electrosurgical equipment, vacuums and compressors. Within the global dental systems and parts market, cone-beam CT systems are expected to be the fastest growing product type. This is because these systems use a focused X-ray generation mechanism that reduces exposure to radiation compared with their conventional counterparts. In addition, the resultant image is more precise and has better diagnostic value. Fastest growing dental-equipment market segment: lasers The rapid adoption of dental lasers, which are capable of making dental procedures practically painless, there- by increasing patient compliance, is helping to make dental lasers the fast- est growing segment of the overall dental equipment global market. Danaher Corp. led the market in terms of market share in 2011 because of its extensive product portfolio and its wide presence in the developed North American and European regions. Some other key players in this market include Sirona Dental Systems, A-dec Inc., CareStream Health, GC Corp., Planmeca Oy and Biolase Inc. You can access the full report at www. transparencymarketresearch.com/ dental-devices-market. Its full title is “Dental Equipment Market (Dental Ex- traoral & Intraoral Radiology, Dental Lasers, Cone Beam CT Systems, Labora- tory Machines, Hygiene Maintenance Devices, Chairs and Light Cure Equip- ment) — Global Industry Analysis, Size, Share, Growth, Trends and Fore- cast, 2012–2018.” (Source: Transparency Market Research) ism, is also fostering growth in the global market. Incomes and dental-health awareness both increasing According to the report, rising dispos- able incomes of patients coupled with growing dental care awareness will drive the dental equipment market in the developing Asian countries. In the developed regions of North America and Western Europe, market growth will be driven mainly by the Dental Tribune U.S. Edition | December 2013A12 iNduStry NEWS