The Asia-Pacific Dental equipment market is expected to register a CAGR of 9.1% over the forecast period.
COVID-19 had a profound impact on the dental equipment market owing to the cancellations of elective dental procedures in the Asia-Pacific region. The number of visits to hospitals and clinics for dental purposes declined significantly, hampering the demand for dental equipment. For instance, as per the study published in April 2022, during the outbreak, dental care services were reduced in China during the pandemic. The study also reported that following the implementation of preventative strategies, the number of dental patients gradually increased over the post-pandemic period until returning to the normal range. However, as the COVID-19 cases seized, the market reported an increase in growth. The market is anticipated to regain its full growth over the upcoming 4-5 years owing to the increasing product launches and expansion by key players in the region.
In addition, the increase in the aging population, rising demand for cosmetic dentistry, and growing medical and dental tourism in developing countries are actively affecting the growth of the studied market.
The Asia-Pacific dental equipment market is highly influenced by the high prevalence of dental disorders and dental caries due to unhealthy diets, poor oral hygiene, and other factors. For instance, according to an article published in BMJ Open Journal in November 2021, the study was conducted in a population pool of 3731 adolescents in Northeast China. The study reported that the prevalence of dental caries in 12-15-year-old adolescents was 53.65%. The high prevalence of dental caries is estimated to boost the utility of excavators or low-speed dental burs, which is ultimately projected to propel the market growth in the region.
Due to the increasing geriatric population, the rise in the number of dental implants and oral surgeries will drive the market for dental equipment in the region. For instance, according to the Elderly in India 2021 report, around 137.9 million people over the age of 60 years were living in India in 2021. The numbers are projected to rise to 193.8 million by the year 2031. Since the geriatric population is associated with a high incidence of dental disorders, the high burden of the geriatric population in the country is expected to propel the market growth.
Moreover, the market players engage in strategic initiatives such as market expansions, product launches, acquisitions, collaborations, mergers, and partnerships, to establish a strong presence and expand their geographical reach. For instance, in August 2021, Vatech launched an e-commerce platform for the sales and distribution of dental supplies in India. This move is part of Vatech's broader strategy to diversify its business interests in countries where it boasts the number one market share. In addition, cosmetic dentistry is one of the emerging markets that is gaining popularity due to the increasing focus on dental tourism and a rising preference for aesthetic and perfect teeth. Such trends are expected to drive the market's growth in the near future.
Moreover, the growing number of investments and agreements in dental devices contributes to the market's growth. For instance, in August 2021, Medit and Straumann raised USD 20 million in a Series B funding round led by Eight Roads Ventures, Think Investments, and the Mankekar Family Office. Also, in January 2021, tooths raised USD 5 million in Series A funding. Thus, the increase in partnerships and financing by the key players is expected to boost the growth of the studied market in Asia-Pacific.
Therefore, owing to the factors such as the rising prevalence of dental disorders and strategic initiatives by key players, the studied market is anticipated to witness growth over the analysis period. However, the lack of proper reimbursement of dental care and the increasing cost of surgeries are likely to impede the market growth.
Moreover, the growing number of investments and agreements in dental devices contributes to the market's growth. For instance, in August 2021, the Government of Japan invested approximately USD 9.1 million (100 million JPY) in the Government of Samoa through its Economic Social Development Programme (ESDP) to improve its healthcare system. The investments are expected to create opportunities for the expansion of the prosthodontic segment to more markets in the region.
Due to growing socioeconomic factors, many people can afford these procedures. Moreover, the number of dentists is also growing in Asia-Pacific to meet the increasing demand for dental procedures. According to the Ministry of Health and Welfare of South Korea updates from 2022, there were 64 dentists per 10,000 inhabitants in South Korea. The ratio of dentists to inhabitants has been slowly but steadily increasing over the past years. It has increased by around 33% in the last few years. Owing to these factors, the segment is further expected to increase in the future as well.
Thus, due to the above-mentioned factors, such as rising product launches and investments by key players in the prosthodontic segment, it is anticipated to witness significant growth over the forecast period.
The research study published in International Dental Journal in October 2021 stated that dental caries and periodontal disease were frequent and common in Jiangsu, China, and oral diseases continued to be a major problem for residents in China. Thus, due to the high prevalence of dental disorders in the country, the demand for dental equipment is expected to increase during the study period.
The key strategies adopted by major players, such as mergers, acquisitions, partnerships, investments, and technological innovation, among others, will lead to the lucrative growth of the market. For instance, in March 2021, the Straumann Group signed an investment agreement with the Shanghai Xin Zhuang Industrial Park (SHXIP) to establish its first Campus in China comprising a manufacturing, education, and innovation center at one site. With an investment of up to USD 188.2 million (CNY 1.2 billion) by 2029, the China Campus will provide products from the Group’s implant and orthodontics portfolio for China, thereby improving the accessibility of end users to dental equipment and contributing to the market growth.
Additionally, in May 2021, DeepCare, an artificial intelligence dental care support company, formed a strategic alliance with CareCapital, an investment firm specializing in the dental care industry. This investment will help DeepCare develop modules for implants and other areas in dentistry. Thus, adopting technology in the country for dental equipment will drive the market.
Thus, owing to the increased product launches and high prevalence of dental diseases, the market is expected to project growth of the market.
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COVID-19 had a profound impact on the dental equipment market owing to the cancellations of elective dental procedures in the Asia-Pacific region. The number of visits to hospitals and clinics for dental purposes declined significantly, hampering the demand for dental equipment. For instance, as per the study published in April 2022, during the outbreak, dental care services were reduced in China during the pandemic. The study also reported that following the implementation of preventative strategies, the number of dental patients gradually increased over the post-pandemic period until returning to the normal range. However, as the COVID-19 cases seized, the market reported an increase in growth. The market is anticipated to regain its full growth over the upcoming 4-5 years owing to the increasing product launches and expansion by key players in the region.
In addition, the increase in the aging population, rising demand for cosmetic dentistry, and growing medical and dental tourism in developing countries are actively affecting the growth of the studied market.
The Asia-Pacific dental equipment market is highly influenced by the high prevalence of dental disorders and dental caries due to unhealthy diets, poor oral hygiene, and other factors. For instance, according to an article published in BMJ Open Journal in November 2021, the study was conducted in a population pool of 3731 adolescents in Northeast China. The study reported that the prevalence of dental caries in 12-15-year-old adolescents was 53.65%. The high prevalence of dental caries is estimated to boost the utility of excavators or low-speed dental burs, which is ultimately projected to propel the market growth in the region.
Due to the increasing geriatric population, the rise in the number of dental implants and oral surgeries will drive the market for dental equipment in the region. For instance, according to the Elderly in India 2021 report, around 137.9 million people over the age of 60 years were living in India in 2021. The numbers are projected to rise to 193.8 million by the year 2031. Since the geriatric population is associated with a high incidence of dental disorders, the high burden of the geriatric population in the country is expected to propel the market growth.
Moreover, the market players engage in strategic initiatives such as market expansions, product launches, acquisitions, collaborations, mergers, and partnerships, to establish a strong presence and expand their geographical reach. For instance, in August 2021, Vatech launched an e-commerce platform for the sales and distribution of dental supplies in India. This move is part of Vatech's broader strategy to diversify its business interests in countries where it boasts the number one market share. In addition, cosmetic dentistry is one of the emerging markets that is gaining popularity due to the increasing focus on dental tourism and a rising preference for aesthetic and perfect teeth. Such trends are expected to drive the market's growth in the near future.
Moreover, the growing number of investments and agreements in dental devices contributes to the market's growth. For instance, in August 2021, Medit and Straumann raised USD 20 million in a Series B funding round led by Eight Roads Ventures, Think Investments, and the Mankekar Family Office. Also, in January 2021, tooths raised USD 5 million in Series A funding. Thus, the increase in partnerships and financing by the key players is expected to boost the growth of the studied market in Asia-Pacific.
Therefore, owing to the factors such as the rising prevalence of dental disorders and strategic initiatives by key players, the studied market is anticipated to witness growth over the analysis period. However, the lack of proper reimbursement of dental care and the increasing cost of surgeries are likely to impede the market growth.
Asia-Pacific Dental Equipment Market Trends
Prosthodontic Equipment is Expected to Hold a Significant Market Share in the Over The Forecast period
In the treatment segment of the market, prosthodontic equipment is anticipated to hold a significant market share during the forecast period. As prosthodontic dentistry has numerous count of tools that are used for dental corrections, there is a broad application of prosthodontic equipment.Moreover, the growing number of investments and agreements in dental devices contributes to the market's growth. For instance, in August 2021, the Government of Japan invested approximately USD 9.1 million (100 million JPY) in the Government of Samoa through its Economic Social Development Programme (ESDP) to improve its healthcare system. The investments are expected to create opportunities for the expansion of the prosthodontic segment to more markets in the region.
Due to growing socioeconomic factors, many people can afford these procedures. Moreover, the number of dentists is also growing in Asia-Pacific to meet the increasing demand for dental procedures. According to the Ministry of Health and Welfare of South Korea updates from 2022, there were 64 dentists per 10,000 inhabitants in South Korea. The ratio of dentists to inhabitants has been slowly but steadily increasing over the past years. It has increased by around 33% in the last few years. Owing to these factors, the segment is further expected to increase in the future as well.
Thus, due to the above-mentioned factors, such as rising product launches and investments by key players in the prosthodontic segment, it is anticipated to witness significant growth over the forecast period.
China is Expected to Hold a Significant Market Share Over The Forecast period
China accounted for a large share of the market due to factors such as the increasing prevalence of dental diseases; wide acceptance of technological advancements in dental equipment, like lasers, intra-oral cameras, digital radiography, and CAD/CAM systems; continued favorable demographic trends; and heightened consumer awareness of the importance of oral hygiene to overall health.The research study published in International Dental Journal in October 2021 stated that dental caries and periodontal disease were frequent and common in Jiangsu, China, and oral diseases continued to be a major problem for residents in China. Thus, due to the high prevalence of dental disorders in the country, the demand for dental equipment is expected to increase during the study period.
The key strategies adopted by major players, such as mergers, acquisitions, partnerships, investments, and technological innovation, among others, will lead to the lucrative growth of the market. For instance, in March 2021, the Straumann Group signed an investment agreement with the Shanghai Xin Zhuang Industrial Park (SHXIP) to establish its first Campus in China comprising a manufacturing, education, and innovation center at one site. With an investment of up to USD 188.2 million (CNY 1.2 billion) by 2029, the China Campus will provide products from the Group’s implant and orthodontics portfolio for China, thereby improving the accessibility of end users to dental equipment and contributing to the market growth.
Additionally, in May 2021, DeepCare, an artificial intelligence dental care support company, formed a strategic alliance with CareCapital, an investment firm specializing in the dental care industry. This investment will help DeepCare develop modules for implants and other areas in dentistry. Thus, adopting technology in the country for dental equipment will drive the market.
Thus, owing to the increased product launches and high prevalence of dental diseases, the market is expected to project growth of the market.
Asia-Pacific Dental Equipment Market Competitor Analysis
The Asia-Pacific dental equipment market is moderately competitive. The major players in the Asia-Pacific dental equipment market include 3M, Carestream Health, Danaher Corporation (Gendex Dental Systems), Dentsply Sirona, GC Corporation, Straumann Holding AG, Planmeca, Straumann Holding AG, Takara Belmont Corporation, Yoshida Dental Mfg. Co., Ltd, among others. Some companies have adopted product innovation and new product launches as their key business strategy to ensure their dominance in this market.Additional benefits of purchasing the report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION (Market Size by Value - USD million)
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3M
- Carestream Health
- Dentsply Sirona
- GC Corporation
- Danaher Corporation (Gendex Dental Systems)
- Planmeca
- Straumann Holding AG
- TAKARA BELMONT
- Yoshida Dental Mfg Co., Ltd.
Methodology
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