21 April 2022

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Dental light market to exceed 4% CAGR

Katherine E. Pfaff

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The market for lights in dental care is expected to grow by a CAGR of 4.4% across the forecast period of 2022 to 2032, according to a report by Future Market Insights, a market analysis report. The market is projected to grow to a value of $595.5 million by 2026, following a 2020 value of $462.7 million. In 2022, the market was estimated at a value of $490.1 million. 

Growth is forecast across the market as lights are necessary to adequately illuminate oral tissues in order to diagnose and provide treatment. As dental care utilization increases worldwide, the lighting market is expected to grow in kind. 

The uptick in poor oral care, poor diet, and higher rates of disease are expected to boost the overall dental care market for some time. Technological advancement and the increase in an aging patient population are also expected to feed growth in dental imaging as a market. 

By product type segment, the halogen light market is forecast to attain the greatest revenue and to grow at a CAGR of 3.7%. The segment is anticipated to grow at a CAGR of 3.6% across the next 7 years, according to the report; the rate is an adjustment following the impact of the global pandemic. Halogen lights are expected to continue to hold the largest share of the segment, currently 31.1%.

By region, the United States market in dental lights was forecast to reach a attain of $147.1 million in 2021. The region accounts for a 31.04% stake of the overall regional market.

Source: https://www.prnewswire.com/news-releases/lights-for-dental-healthcare-market-is-estimated-at-us-595-5-mn-by-2026-and-expanding-at-4-7-cagr-over-2022--2032--future-market-insights-301511767.html