The dental equipment market valued USD 6,349.4 million in 2022, from where it is set to reach USD 11,632.4 million by 2030, at a 7.9% CAGR between 2022 and 2030. This is ascribed to a number of factors, including an increasing elderly population, a robust healthcare system, clear reimbursement guidelines, presence of important players, and improvements in restorative and preventive dental procedures.
Additionally, the technology utilized in dental diagnoses and treatments has become more effective, less painful, and time- and cost-efficient. For instance, the development of digital radiology has made it simple to see the images taken by intraoral and extraoral scanners on digital displays.
The rising number of dental labs plays a significant role in driving the market expansion. To enhance oral health, it is necessary to treat periodontal and dental disorders, which affect half the world's population. The WHO and numerous other organizations are taking steps to enhance the aesthetic attractiveness of the dentistry sector. A wide variety of techniques and procedures have been developed for use at dental labs, to cater to specific patients. Many people seek orthodontic treatments in order to have a flawless smile.
The CAD/CAM system category is projected to register the fastest growth during the forecast period due to the rising prevalence of dental disorders, increasing knowledge of new technologies for the accurate designing of dental prostheses, escalating disposable income, and surging adoption of chair-side dental CAD/CAM systems.
The usage of these systems for producing prosthetic components is expanding as a result of their customization ability and less-time-consuming nature. Their adoption has essentially increased as a result of the industry’s move toward digitization.
CAM/CAD software is mostly utilized to manufacture custom brackets for dental restoration procedures, detachable dental braces for orthodontic treatments, as well as milled dental crowns, dentures, dental bridges, and abutments. The use of temporary bridges and crowns is reducing as a result of the growing use of CAD/CAM in the dentistry industry, because of its high level of precision in dental restoration, filling, and other orthodontic procedures.
Dental laboratory milling units held the largest share among all digital dental lab systems, around 40%, in 2022, and this category is set to maintain its dominance in the future because of the rise in the demand for CAD/CAM systems. Moreover, compared to other machines, mills are more efficient and powerful for labs. Additionally, this machine has the ability to be utilized for creating a number of dental implements over a long time.
Geographically, the APAC region is expected to emerge as the fastest-growing market, driven by the rapidly advancing healthcare infrastructure, increasing awareness on oral health, and growing geriatric population. Additionally, the economic growth, boom in the medical tourism sector, rise in the healthcare spending, and huge patient pool drive the market in China and India.
Moreover, the favorable government policies for dental surgery reimbursement, presence of key players, and rise in the demand for dental procedures are creating opportunities in the Asia-Pacific industry.
The major players operating in the dental equipment market include Ivoclar Vivadent AG, Planmeca Group, Envista Holdings Corporation, Align Technology, Zimmer Biomet Holdings Inc., J. MORITA CORP., GC Corporation, Midmark Corporation, Straumann Group, and 3M Company.