23 January 2022

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TMR: Dental equipment to grow at nearly 5%

Katherine E. Pfaff

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Transparency Market Research, a market analysis company, has forecast that the North American market for dental equipment and maintenance will grow between 2021 and 2031. The anticipated market spike would account for a CAGR of 4.7%. 

Increase in the North American market is expected based on the recent uptick of the number of patients with periodontal disease. Nearly half of all US patients 30 years old and older have some form of periodontic ailment, according to TMR. Adding to those factors, increased interest in replacing or maintaining dental equipment to reduce chance of cross-infection amid the coronavirus pandemic has driven spending. Further, companies within the market are often making all-inclusive packages to help dental practices maintain their equipment. 

Within dental facilities, maintenance of equipment can reduce the possibility of unintended issues such as injury to a patient or infection. Manufacturers are more often making equipment checks and audits available to maintain devices. 

Growth is also boosted by increasing technological advancements which have necessitated greater investment in dental equipment and its maintenance. 

Source: https://www.prnewswire.com/news-releases/rise-in-awareness-about-dental-health-to-help-dental-equipment-and-maintenance-market-in-north-america-gain-valuation-of-us-15-7-bn-by-2031--finds-tmr-study-301456245.html