Market Trends of North America Dental Equipment Industry
This section covers the major market trends shaping the North America Dental Equipment Market according to our research experts:
Prosthodontic Segment is Expected to Have Major Share in the Treatment Segment Over the Forecast Period
In the treatment segment of the market, the prosthodontic segment is anticipated to have the largest market share over the forecast period. As prosthodontic dentistry has numerous count of tools that are used for dental corrections, there is a wide application of prosthodontic equipment. However, due to the COVID-19 pandemic, elective and prosthetic dental surgical procedures have been significantly impacted, with all specialties writing various guidelines on managing this crisis.
Furthermore, increasing awareness, a rising number of dentists, and growing incidences of dental diseases are also expected to drive the market over the forecast period. According to the International Travel Medical Journals article titled 'Americans are driving to Mexico for dental treatment' published in June 2020 reports that dental facilities in Mexico have been among the first in the world to reopen their doors and welcome patients. Additionally, the article also quoted that Dental Departures, a global dental online travel agency, has reported four consecutive weeks of increased appointment bookings along with a 60% increase in traffic. Such an increase in dental tourism is expected to drive the growth of the segment.
The increasing attention given to appearance by people, compelling them to go for prostheses, and technological innovations and product launches have also created a boom in the market. For instance, in November 2020, Planmeca launched two new CAD/CAM products, namely Planmeca PlanMill 50 S 5-axis mill and Planmeca PlanCAD Premium design software for creating dental prosthetics.
Overall, owing to the novel product launches and increasing preference for cosmetic dentistry, the prosthodontic segment of the market is expected to register a significant share.
The United States Dominates the Market and Expected to do Same Over the Forecast Period
The United States dental equipment market is expected to rise with the increase in product launches supported by the government authorities. The rising burden of dental diseases and the increasing geriatric population are leading to a rise in demand for dental surgeries in the United States. According to the study titled "Update on the prevalence of untreated caries in the US adult population, 2017-2020" published in the Journal of American Dental Association in April 2022, untreated caries were found to be prevalent in 21.3 %. The prevalence of coronal and root caries was 17.9 and 10.1 %, respectively. Caries was most common in those aged 30 to 39 years (25.2%) and 40 to 49 years (22.3%), men (23.5%), and those of other races (36.5% )This untreated dental caries can lead to tooth extraction and generate the need for dental equipment in the region.
Also, the National Institute of Health article titled 'Estimates of Funding for Various Research, Condition, and Disease Categories' published in June 2021 reported that an estimated USD 638 million annual research support for dental/Oral and Craniofacial Disease based on grants, contracts, and other funding mechanisms used across the National Institutes of Health. Thus, rising research funding for dental diseases is expected to launch advanced dental equipment in the near future, thereby boosting the market growth.
Also, increasing product launches using eco-friendly materials is driving the growth of the market. For instance, in May 2021, Western Dental & Orthodontics partnered with the Straumann Group to expand access to dental implants. Straumann will provide high-quality dental implants, abutments, and crowns under the Neodent brand for all 333 Western Dental and affiliated offices. Moreover, in July 2021, Westlake Hills Dental Arts launched a series of dental procedures, including implants and bridges, to help patients who are missing one or more teeth. Such launches are propelling the growth of the market.
Hence, owing to the aforementioned factors, the dental equipment market is expected to grow in the future.
