Europe Dental Equipment Market
Overview:
Europe Dental
equipment Market was estimated at $ 1,585 million in 2018 and is expected to reach
$ 2,232 million by 2025 at a compound the annual rate of 5% over the 2018-2025
forecast period.
Drivers,
Challenges and Opportunities:
It is expected that the European dental
equipment market will grow at a steep pace over the next few years. Therapeutic
and diagnostic technologies and the increase in cosmetic dental advances are
some of the key factors that are expected to accelerate the growth of the
market over the next few years. It is also expected that trends in the dental
tourism industry in some developing countries accelerate the growth of the
market in the near future. An increasing number of older people is an important
factor that is expected to increase demand for dental equipment in the European
nations. Government initiatives related to dental hygiene are another factor
that promotes the growth of the market. In recent years, governments in many
countries of this region have begun to reform their dental health promotion.
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In addition to the dental equipment market,
dentists have also been affected by rising demand for cosmetic products. In the
last five years, the amount of money spent on cosmetic dentistry has increased
significantly. Inlays/non-metallic ones have increased by 380% during the last
decade. On the other hand, the increase in taxes on medical devices and the
increase in costs of advanced technology equipment would be an obstacle to the
growth of the market over the next few years. In addition, the growing market
of regenerative dental equipment is another key factor that is expected to
limit the growth of the market during the next years.
However, it is expected that the increase
in income available to consumers in some of European developing countries will
generate promising growth opportunities for market participants around the
world.
Geographic
Segmentation:
Europe is expected to experience moderate
growth over the forecast period due to the factors like the increased adoption
rate by dentists for advanced treatment options for orthodontic applications;
supportive government initiatives; increased investments in the development of
new equipment and high prevalence of oral cancer.
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Key
market players:
Few companies operating in the dental
equipment market include 3M Company, Carestream Health, Inc., Biolase, Inc., GC
Corporation, Dentsply International, Inc., A-Dec, Inc., Planmeca OY, Danaher
Corporation, Ivoclar Vivadent AG, Straumann, Henry Schein, Inc., Hu-Friedy Mgf
Co., Noble Biocare, Midmark Corporation and Sirona Dental Systems, Inc.
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