Market Size of Asia-Pacific Dental Equipment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 9.10 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Dental Equipment Market Analysis
The Asia-Pacific Dental equipment market is expected to register a CAGR of 9.1% over the forecast period.
COVID-19 had a profound impact on the dental equipment market owing to the cancellations of elective dental procedures in the Asia-Pacific region. The number of visits to hospitals and clinics for dental purposes declined significantly, hampering the demand for dental equipment. For instance, as per the study published in April 2022, during the outbreak, dental care services were reduced in China during the pandemic. The study also reported that following the implementation of preventative strategies, the number of dental patients gradually increased over the post-pandemic period until returning to the normal range. However, as the COVID-19 cases seized, the market reported an increase in growth. The market is anticipated to regain its full growth over the upcoming 4-5 years owing to the increasing product launches and expansion by key players in the region.
In addition, the increase in the aging population, rising demand for cosmetic dentistry, and growing medical and dental tourism in developing countries are actively affecting the growth of the studied market.
The Asia-Pacific dental equipment market is highly influenced by the high prevalence of dental disorders and dental caries due to unhealthy diets, poor oral hygiene, and other factors. For instance, according to an article published in BMJ Open Journal in November 2021, the study was conducted in a population pool of 3731 adolescents in Northeast China. The study reported that the prevalence of dental caries in 12-15-year-old adolescents was 53.65%. The high prevalence of dental caries is estimated to boost the utility of excavators or low-speed dental burs, which is ultimately projected to propel the market growth in the region.
Due to the increasing geriatric population, the rise in the number of dental implants and oral surgeries will drive the market for dental equipment in the region. For instance, according to the Elderly in India 2021 report, around 137.9 million people over the age of 60 years were living in India in 2021. The numbers are projected to rise to 193.8 million by the year 2031. Since the geriatric population is associated with a high incidence of dental disorders, the high burden of the geriatric population in the country is expected to propel the market growth.
Moreover, the market players engage in strategic initiatives such as market expansions, product launches, acquisitions, collaborations, mergers, and partnerships, to establish a strong presence and expand their geographical reach. For instance, in August 2021, Vatech launched an e-commerce platform for the sales and distribution of dental supplies in India. This move is part of Vatech's broader strategy to diversify its business interests in countries where it boasts the number one market share. In addition, cosmetic dentistry is one of the emerging markets that is gaining popularity due to the increasing focus on dental tourism and a rising preference for aesthetic and perfect teeth. Such trends are expected to drive the market's growth in the near future.
Moreover, the growing number of investments and agreements in dental devices contributes to the market's growth. For instance, in August 2021, Medit and Straumann raised USD 20 million in a Series B funding round led by Eight Roads Ventures, Think Investments, and the Mankekar Family Office. Also, in January 2021, tooths raised USD 5 million in Series A funding. Thus, the increase in partnerships and financing by the key players is expected to boost the growth of the studied market in Asia-Pacific.
Therefore, owing to the factors such as the rising prevalence of dental disorders and strategic initiatives by key players, the studied market is anticipated to witness growth over the analysis period. However, the lack of proper reimbursement of dental care and the increasing cost of surgeries are likely to impede the market growth.
Asia-Pacific Dental Equipment Industry Segmentation
As per the scope of the report, dental equipment is the tool used by dental professionals to provide dental treatment. They include tools to examine, manipulate, treat, restore, and remove teeth and surrounding oral structures. The Asia-Pacific Dental Equipment Market is segmented by Product (General and Diagnostics Equipment (Dental Laser (Soft Tissue Lasers and Hard Tissue Laser), Radiology Equipment (Extra Oral Radiology Equipment and Intra-oral Radiology Equipment), Dental Chair and Equipment, and Other General and Diagnostic Equipment), Dental Consumables (Dental Biomaterial, Dental Implants, Crowns and Bridges, and Other Dental Consumables), and Other Dental Devices), Treatment (Orthodontic, Endodontic, Periodontic, and Prosthodontic), End User (Hospital, Clinics, and Other End Users), and Geography (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific). The report offers the value (in USD million) for the above segments.
By Product | ||||||||||||
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Other Dental Devices |
By Treatment | |
Orthodontic | |
Endodontic | |
Peridontic | |
Prosthodontic |
By End User | |
Hospitals | |
Clinics | |
Other End Users |
Geography | |
China | |
Japan | |
India | |
Australia | |
South Korea | |
Rest of Asia-Pacific |
Asia-Pacific Dental Equipment Market Size Summary
The Asia-Pacific dental equipment market is poised for significant growth, driven by a combination of factors including an aging population, rising demand for cosmetic dentistry, and the expansion of medical and dental tourism in developing countries. The market experienced a downturn during the COVID-19 pandemic due to the cancellation of elective procedures and a decline in dental visits. However, it has shown resilience and is expected to recover fully over the next few years, supported by strategic initiatives from key players such as product launches and market expansions. The high prevalence of dental disorders, particularly dental caries, due to factors like unhealthy diets and poor oral hygiene, is also contributing to the increased demand for dental equipment. The geriatric population, which is more prone to dental issues, is further propelling the market, as more dental implants and oral surgeries are required.
China holds a significant share of the market, benefiting from the widespread acceptance of advanced dental technologies and a growing awareness of oral health. The country's market growth is supported by strategic investments and partnerships aimed at enhancing the accessibility of dental equipment. Major players in the region are focusing on mergers, acquisitions, and technological innovations to strengthen their market position. The prosthodontic segment, in particular, is expected to witness substantial growth due to rising investments and the increasing number of dental professionals. Despite challenges such as the lack of proper reimbursement for dental care and high surgery costs, the market is anticipated to continue its upward trajectory, driven by ongoing product innovations and strategic collaborations.
Asia-Pacific Dental Equipment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in Aging Population
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1.2.2 Rising Demand for Cosmetic Dentistry
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1.3 Market Restraints
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1.3.1 Lack of Proper Reimbursement of Dental Care
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1.3.2 Increasing Cost of Surgeries
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1.4 Porter Five Forces
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 General and Diagnostics Equipment
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2.1.1.1 Dental Laser
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2.1.1.1.1 Soft Tissue Lasers
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2.1.1.1.2 Hard Tissue Lasers
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2.1.1.2 Radiology Equipment
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2.1.1.2.1 Extra Oral Radiology Equipment
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2.1.1.2.2 Intra-oral Radiology Equipment
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2.1.1.3 Dental Chair and Equipment
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2.1.1.4 Other General and Diagnostic Equipment
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2.1.2 Dental Consumables
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2.1.2.1 Dental Biomaterial
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2.1.2.2 Dental Implants
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2.1.2.3 Crowns and Bridges
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2.1.2.4 Other Dental Consumables
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2.1.3 Other Dental Devices
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2.2 By Treatment
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2.2.1 Orthodontic
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2.2.2 Endodontic
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2.2.3 Peridontic
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2.2.4 Prosthodontic
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Clinics
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2.3.3 Other End Users
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2.4 Geography
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2.4.1 China
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2.4.2 Japan
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2.4.3 India
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2.4.4 Australia
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2.4.5 South Korea
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2.4.6 Rest of Asia-Pacific
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Asia-Pacific Dental Equipment Market Size FAQs
What is the current Asia-Pacific Dental Equipment Market size?
The Asia-Pacific Dental Equipment Market is projected to register a CAGR of 9.10% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Dental Equipment Market?
Carestream Health, Dentsply Sirona, GC Corporation, Straumann Holding AG and 3M are the major companies operating in the Asia-Pacific Dental Equipment Market.