Dental Equipment & Consumables Market Size by Product (Equipment {Dental Lasers, Dental Radiology Equipment, Laboratory Machine, Systems and parts, Hygiene Maintenance}, Consumables {Dental Prosthetics, Dental Anesthetics, Dental Syringes, Endodontics}), By End-use (Hospitals, Ambulatory Surgical Centers, Dental Clinics), Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032
Global Dental Equipment & Consumables Market is set to witness massive growth between 2023 and 2032, primarily owing to the increasing elderly population. According to a report by the United Nations, in 2019, there were more than 700 million people, who were aged 65 or above. The report also claimed that this number is estimated to double and will reach 1.5 billion by 2050.
Besides, the key solution providers in the dental equipment and consumables industry are also seeking to build up their presence in the marketplace by expanding their existing portfolio and entering meaningful acquisitions and mergers. To cite an instance, in January 2023, W&H announced expanding its hygiene portfolio by adding a new Lexa Plus Class B sterilizer and Assistina One maintenance device for its users in North America. The firm claims that the products are more technologically advanced than their predecessors and can be used to reprocess and prevent infection during the workflow of a dental practice.
Overall, the dental equipment and consumables market has been segmented in terms of product, end-use, and region.
On the basis of product, the market is likely to be characterized by the consumables segment, which will witness robust growth through 2032. The segmental growth is attributable to the increasing demand for minimally invasive dental procedures. In December 2021, a research article concluded that a range of minimally invasive procedures can be used to prevent lesions. Besides, persistent technological advancements and increasing awareness related to dental treatment will also benefit the market in the next ten years.
In terms of end-use, the dental clinics segment accounted for more than 37% market share in 2022 and is expected to further grow through 2032. The segmental expansion will be credited to factors such as increasing dental disorders, gingival tissues, growing dental impairments-related problems, and increasing demand for dentistry-related cosmetic surgeries.
In the regional context, the dental equipment and consumables market in North America held more than 30% market share in 2022 and is anticipated to further expand through 2032. The regional market growth is likely to come from the high disposable income, sophisticated healthcare infrastructure, and increasing demand for cosmetic dentistry. In addition, the expanding geriatric population base, which is susceptible to various oral ailments, is fueling the market demand for dental equipment and consumables. Besides, rising cases of dental problems such as periodontitis in the U.S.A. will positively affect the market scenario.
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