The dental profession is constantly evolving, with new techniques, products, and technologies emerging each year. Changes in the global healthcare infrastructure as well as an increased awareness of the importance of oral hygiene among patients are leading to greater demand for dental care and its respective gear.
For example, the global market for dental digital x-ray equipment will increase from $2.154 billion in 2015 to approximately $3.291 billion in 2020, rising at a compound annual growth rate (CAGR) of 8.8%, according to the market analyst firm, MarketsandMarkets.
The firm attributes this increase to advances in technology, a rapidly growing geriatric population, the ability of digital systems to reduce diagnosis time and provide improved image quality, the growing adoption of CBCT, an increase in dental disorders, and the growing demand for cosmetic dentistry.
While North America accounted for the largest share of this market in 2015, the Asian market will see the highest CAGR due to growth in its geriatric population, emerging and leading market players expanding their presence in the region, a rise of disposable income, less stringent regulatory guidelines, improving healthcare infrastructure, and growth in medical tourism.
In the United States, the demand for medical and dental adhesives and sealants are likely to rise 5.1% per year to reach $2.1 billion in 2019, reports researchers at the Freedonia Group. Much of this growth can be attributed to the aging population, which is more likely to require surgical and dental procedures.
Also, these advances will depend on new product development and increased acceptance of these materials in surgical and consumer settings. Dental applications specifically are projected to post annual growth of 2.0% through 2019. Pit and fissure sealants are expected to see particularly strong gains due to their use in the prevention of cavities.
Micromarket Monitor reports that the global dental lasers market will hit $236.4 million by 2021, growing at a 5.2% CAGR. Driven by advances in technology, lasers that once were bulky now are available in portable and convenient models. Also, many now resemble dental handpieces for easy and familiar use. Some even use modern fiber-optic delivery.
Dentists are capitalizing on their marketing appeal, since they eliminate the need for drills and anesthetics while ensuring less bleeding, less trauma, and more comfort. And by eliminating tedious stages of dental surgery, overall procedure time is shorter as well. Applications include caries, crowns and bridges, and pit and fissure sealing.
North America dominated the global laser market in 2015. Advancing technologies, greater awareness of oral hygiene, and the prevalence of gingivitis, caries, and periodontics will propel the market. So will the rising awareness of cosmetic dentistry and an increased desire among patients to retain their natural teeth.
Finally, TechSci Research reports that the Indian market for oral care products—including toothpastes, toothbrushes, mouthwashes, tooth powders, and other products—will grow at a 6% CAGR from 2016 to 2021, dominated by the toothpaste segment.
According to the firm, oral health is a growing concern among the nation’s citizens. More companies are launching new products with greater penetration in rural areas. These companies also are spending more on marketing. Growing urbanization and increasing disposable income are having a positive influence as well.
Cosmetic Dentistry Market to Total $22.4 Billion
Dental Consumables Market to Top $28 Billion by 2020
Laser Market to See 8.4% Growth through 2019