The worldwide market for dental equipment is forecast to reach a value of $8.9 billion in the next 5 years, according to a report by ResearchAndMarkets.com, a market analysis company. The market was expected to attain a value of $6.2 billion through 2021. The growth in the market is expected to amount to a CAGR of 7.7% for the breadth of the forecast period ending in 2026.
Growth across the market is expected as technology advances, patients age, patients become more aware of treatment options, and as the incidence of dental disease increases worldwide, based in part on poor lifestyle and diet. Specifically, dental laboratories are adopting CAD and CAM technology at high rates, paving the way for dental equipment growth.
On the negative side, the cost of dental equipment and potential lack of insurance coverage for all possible procedures is forecast to minimize growth. At the same time, a lack of qualified dental professionals to work with potential technologies will also mitigate growth on a local level.
By segment, the therapeutic dental equipment sector held the largest share in 2020. The segment includes dental lasers, general equipment, and equipment used in operations or treatment. An additional segment is diagnostic, which includes imaging software, intraoral and extraoral imaging systems.
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