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Global Dental Industry: An Analysis
Koncept Analytics, Dec 2009, Pages: 41
The dental industry is one of the most attractive segments of the healthcare industry with an estimated size of about US$18.8 billion in 2008. Worldwide, the dental market is dominated by the US, Europe and Japan, which collectively accounted for more than 84% of the global revenue in 2007. In the recent years, increasing aging population coupled with rising awareness for oral health, high esthetics and improved dental treatments have boosted the growth of this segment. In addition rising disposable income, increasing edentulous population and rising number of retired baby boomers have also impacted the growth of the industry positively.
The main driving element for global dental equipment market is the advancement in technologies that are available to dentists' for treating their patients. Introduction of CAD/CAM has reduced designing time for dental crowns and bridges and 3D imaging techniques have improved patient diagnosis and procedure planning. Improvements in the field of dental biomaterials and tissue regenerative material have enabled the dentists to offer more natural and longtime dental solutions. Dentists are now educating their patients about dental products and latest available technologies to improve customer awareness.
Demand for dental products and services will remain healthy due to growing incidence of cosmetic treatments, growing number of dental implants, new products that reduce patient discomfort and increased health consciousness.
Due to significant variations in economic development across Asia-pacific countries, there has been a rapid growth in the living standards of people. These regions have a huge potential due to low market penetration. Consequently, these countries are exhibiting high demand for modern and sophisticated technology and equipment in dental market.
Overall dental market is fragmented with many players. Dentsply and Nobel Biocare are regarded as market leaders in dental consumables market and together account for 22% of the total market share. Danaher Corporation is the market leader in dental equipments market with 20% of market share.
The report focuses on various aspects of dental industry including the market size and geographical segmentation of the market. The report also analyses the key drivers, opportunities and challenges of the dental market. Further, the report highlights the positioning and strategies of top global dental consumables and equipments manufacturers – Nobel Biocare, Dentsply Inc and Danaher Corporation.
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