After seeing healthy growth during the past decade, the global dental equipment market will continue to expand with a compound annual growth rate of 4.9% from 2016 to 2021 to total $7.52 billion, according to MarketsandMarkets. The research company attributes this increase to the rapid growth of the aging population, increasing demand for cosmetic dentistry, and growing incidences of dental caries and other periodontal diseases.
In calculating this figure, MarketsandMarkets split the market into diagnostic, therapeutic, and general equipment segments. The diagnostic segment includes extraoral and intraoral radiology gear as well as hybrid units. Therapeutic equipment comprises dental lasers. And the general classification covers casting machines, instrument delivery systems, ceramic furnaces, electrosurgical systems, CAD/CAM systems, chairs, light-cure equipment, and handpieces.
General equipment accounted for the largest share of the global market, primarily driven by the growing adoption of CAD/CAM systems that aid the simplification of procedures, increase patient comfort, and reduce procedure duration. MarketsandMarkets expects this segment to register the highest compound annual growth rate during the forecast period.
Geographically, Europe has held the largest share of the market due to the favorable reimbursement scenarios there, increasing government expenditures on healthcare, and growth in its geriatric population. Looking ahead, though, MarketsandMarkets says the Asia-Pacific region will have the highest growth rate due to less stringent regulations there, growing demand for dental procedures, and growing dental tourism.