Dental Equipment Market Growth and Demand by Forecast Period
The global dental equipment market size is expected to gain momentum by reaching USD 16.07 billion by 2027 while exhibiting a CAGR of 9.6% between 2020 and 2027. This is attributable to the growing preference for digital dental x-ray and the rising geriatric population that is projected to drive the demand for advanced dental equipment. Fortune Business Insights published this information in its latest report, titled, “Dental Equipment Market Size, Share & Industry Analysis, By Product Type (Dental Radiology Equipment, Dental Lasers, Dental Surgical Navigation Systems, Dental CAD/CAM Equipment, Dental Chairs, and Others) and By End-User (Hospitals, Dental Clinics, and Others), 2020-2027.”
The report further mentions that the market stood at
USD 8.89 billion in 2019 and is likely to experience considerable growth in the
forthcoming years.
Dental equipment are tools adopted by the dentists
to provide effective dental treatment. They include devices that are
extensively adopted to examine and operate dental procedures. The increasing
prevalence of dental diseases is driving the demand for innovative dentistry
equipment across the globe.
What does the Report Include?
The market report includes qualitative and
quantitative analysis of several factors such as the key drivers and restraints
that will impact growth. Additionally, the report provides insights into the
regional analysis that covers different regions, contributing to the growth of
the market. It includes the competitive landscape that involves the leading
companies and the adoption of strategies to announce partnerships, introduce
new products, and collaborate to further contribute to the growth of the market
between 2020 and 2027. Moreover, the research analyst has adopted several
research methodologies to extract information about the current trends and
industry developments that will drive the market growth during the forecast
period.
DRIVING
FACTORS
Rising
Geriatric Population to Augment Growth
The rising geriatric population is leading to
several dental ailments that is anticipated to propel the demand for advanced
dental equipment. Additionally, the increasing dental disorders is driving the
manufacturers to develop innovative dental equipment across the globe. For
instance, the growing preference for digital dental x-ray equipment that aids
in significant cost reduction and better image processing is expected to boost
the global dental equipment market growth during the forecast period.
Comments
Post a Comment