Factors that are responsible for the growth of the market are the aging population in the country, increasing demand for cosmetic dentistry, and increasing incidence of dental diseases.
Due to the increasing aging population, there has been an increase in the number of dental implants and oral surgeries being performed. In addition, there is a decrease in manual dexterity and an increase in co‐morbidity and medications affecting the oral cavity. Hence, dental care in aged care facilities is found to be poor, and access to dental professionals is difficult. There are several other risk factors, such as smoking, poor oral hygiene, diabetes, medication, and hereditary conditions, which are also connected to the increase in dental diseases.
It has been observed that the aging population of Canada is increasing steadily for the past 40 years. It is estimated that 23% and 25% of the total population of Canada will be aged above 65 by the year 2036, as per the report published by the Government of Canada. This rise in the aging population will ultimately cause a rise in the prevalence of dental disorders which will boost the growth of the market studied.
Key Market Trends
Prosthodontic Equipment is Expected to Have the Highest Market Share in the Treatment Segment
In the treatment segment of the market, prosthodontic equipment is anticipated to have the largest market share, over the forecast period. As prosthodontic dentistry has numerous count of tools that are used for dental corrections, there is a wide application of prosthodontic equipment. There is an increasing demand for dental prostheses in developed nations, due to the rising number of people getting older.
Another factor that is augmenting the growth of prosthodontic equipment in Canada is increasing attention given to the appearance, by Canadian people, making them compulsive to go for prostheses in case of dental issues that require one. Hence, owing to the aforementioned factors, along with the rising number of dentists and growing incidences of dental diseases, the dental equipment market is expected to grow.
Competitive Landscape
The Canada Dental Equipment market is moderately competitive and consists of the big players along with some of the local players. However, it is observed that the global players that are present in Canada are holding the largest share of the market when compared to that of local players. With the growing R&D investment and the technological advances, new companies are expected to come into the market in the near future and product innovation is believed to help such companies hold a substantial share in the Canadian dental equipment market.
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