Global Dental Equipment And Supplies Market Trends And Strategies Of Major Players In The Dental Equipment And Supplies Market 2020
15 Dec, 2020
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The global dental equipment and supplies market is expected to decline from $19.7 billion in 2019 to $15.7 billion in 2020 at a compound annual growth rate (CAGR) of -20.6%. The decline is mainly due to COVID-19 outbreak and the measures to contain it. Several dental care facilities in affected countries have been completely closed or have been only providing minimal treatment for emergency cases. The restrictions on non-essential medical services including dental services coupled with slowed production of dental equipment and supplies due to extended factory closures in various countries is contributing to the markable decline in the market growth. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $25.7 billion in 2023.
The dental equipment and supplies market consist of sales of dental equipment and related services by entities (organizations, sole traders and partnerships) that produce dental equipment and supplies. This industry includes establishments that produce devices such as therapeutic dental equipment, general dental equipment, dental diagnostic imaging equipment and dental surgical equipment.
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The global dental equipment and supplies market is further segmented based on type, end-user, type of expenditure, product and geography.
By Type: Therapeutic Dental Equipment, General Dental Devices And Equipment, Dental Diagnostic Imaging Devices And Equipment, Dental Surgical Devices And Equipment.
By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
By Type of Expenditure: Public, Private.
By Product: Instruments/Equipment, Disposables.
By Geography: The global dental equipment and supplies market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific dental equipment and supplies market accounts for the largest share of 33% in the global dental equipment and supplies market 2019.
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Trends In The Dental Equipment And Supplies Market
3D printing is a procedure that creates a three-dimensional object by building successive layers of raw material. Objects produced are from a digital 3D file such as a magnetic resonance image or a computer-aided design drawing (CAD). Some of the key applications of 3D printers in the dental equipment market include aiding in the placement of dental crowns and external dental prosthetics, and object visualization during dental surgeries.
Dental Equipment And Supplies Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides dental equipment and supplies market overviews, analyzes and forecasts market size and growth for the global dental equipment and supplies market, dental equipment and supplies market share, dental equipment and supplies market players, dental equipment and supplies market segments and geographies, dental equipment and supplies market’s leading competitors’ revenues, profiles and market shares. The dental equipment and supplies market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.