Refurbished Dental Lab Equipment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 to 2031

The refurbished dental lab equipment market is expected to grow at a CAGR of 8.7% during the forecast period of 2023 to 2031. The demand for refurbished dental lab equipment is increasing due to the rising cost of new equipment and the increasing focus on cost-saving measures in dental laboratories. Refurbished equipment provides a cost-effective solution for dental laboratories, while also ensuring quality and reliability. The market is also driven by the increasing adoption of digital dentistry, which requires advanced equipment such as 3D printers and CAD/CAM systems. Refurbished equipment provides an affordable solution for small dental labs and clinics that may not have the resources to invest in new equipment. Refurbished equipment provides a cost-effective solution for dental labs and clinics that may not have the resources to invest in new equipment. Refurbished equipment is also a sustainable and eco-friendly option, as it reduces waste and helps extend the life of the equipment. The market for refurbished dental lab equipment is expected to witness significant growth in the coming years, driven by the increasing adoption of digital dentistry and the growing demand for cost-effective solutions in dental laboratories.

Cost-effective Solution for Dental Labs and Clinics

One of the key drivers of the refurbished dental lab equipment market is the cost-effectiveness of refurbished equipment. The high cost of new equipment can be a significant barrier for small dental labs and clinics, and refurbished equipment provides a cost-effective solution. Refurbished equipment can be up to 50% cheaper than new equipment, providing a significant cost-saving for dental labs and clinics. According to a survey by the National Association of Dental Laboratories (NADL), the cost is the primary factor that influences the decision to purchase refurbished dental lab equipment. The survey found that 72% of dental labs that purchased refurbished equipment did so because of the cost savings.

Increasing Adoption of Digital Dentistry

The increasing adoption of digital dentistry is also driving the growth of the refurbished dental lab equipment market. Digital dentistry requires advanced equipment such as 3D printers, milling machines, and CAD/CAM systems. However, the high cost of new equipment can be a barrier for many small dental labs and clinics. Refurbished equipment provides a cost-effective solution for dental labs and clinics that want to adopt digital dentistry but may not have the resources to invest in new equipment. According to a report by Grand View Research, the increasing adoption of digital dentistry is expected to drive the growth of the refurbished dental lab equipment market.

Eco-Friendly and Sustainable Option

Another driver of the refurbished dental lab equipment market is the eco-friendliness and sustainability of refurbished equipment. Refurbished equipment reduces waste and helps extend the life of equipment, making it a sustainable option for dental labs and clinics. The increasing demand for eco-friendly and sustainable dental solutions is expected to drive the growth of the refurbished dental lab equipment market. The report notes that the refurbishment of dental equipment is a sustainable solution that reduces the environmental impact of dental practices.

Limited Availability and Uncertainty about Quality

One of the main restraints of the refurbished dental lab equipment market is the limited availability of high-quality refurbished equipment. Dental labs and clinics need equipment that is reliable and provides consistent results, and there may be concerns about the quality and reliability of refurbished equipment. In addition, there may be uncertainty about the quality of refurbished equipment, as it may not be clear how the equipment has been refurbished or what parts have been replaced. This uncertainty may make dental labs and clinics hesitant to invest in refurbished equipment, as they may not be confident in its performance or reliability. Furthermore, not all equipment is suitable for refurbishment. Some equipment may be too old or damaged to be refurbished, and there may be limited availability of certain types of equipment that are in high demand. To address these concerns, some companies in the refurbished dental lab equipment market provide warranties and certification to assure customers about the quality and reliability of their equipment. However, the limited availability of high-quality refurbished equipment remains a key restraint for the market.

Dental Milling Sector Dominates the Refurbished Dental Lab Equipment Market

The dental milling sector was the one that owned the largest proportion of the market in 2022, as indicated by the most recent trends in the market for refurbished dental lab equipment. The rise in demand for aesthetic dentistry, the rise in the use of CAD/CAM technology, and the surge in investment in dental practices are all factors that can be attributed to the expansion of this market segment. It is also probable that the segment will witness growth during the projection period as a result of the increasing frequency of dental problems. Dental caries is a disease that is driven by sugar, is mediated by biofilm, is dynamic, and is caused by multiple factors. Caries, or cavities, in the teeth of elderly persons, can have a substantial negative influence on their quality of life if they are not addressed. WHO reports that the average prevalence of full tooth loss stands at around 7.0% among people aged 20 years or younger and 23.0% among people aged 60 years or older. The World Population Prospects report from the United Nations estimates that by the year 2050, one person in every six throughout the globe will be beyond the age of 65. As a result, the segment is projected to be fueled during the projection period by an increase in the population of people aged 65 and older.

North America Remains as the Global Leader

North America held the largest share of the refurbished dental lab equipment market in 2022. The region has a well-established dental industry, and the demand for cost-effective dental equipment is high due to rising healthcare costs. Additionally, increasing awareness about sustainable practices and environmental concerns is driving the adoption of refurbished equipment. The refurbished dental lab equipment market in North America is expected to grow at a CAGR of around 7.5% during the forecast period of 2023 to 2031. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The region has a large population and a growing middle class, which is driving the demand for dental services. Additionally, increasing awareness about dental health and the adoption of advanced dental technology is fueling the growth of the refurbished dental lab equipment market in the Asia Pacific. The refurbished dental lab equipment market in Asia Pacific is expected to grow at a CAGR of around 8.5% from 2023 to 2031.

Market to Remain Fragmented During the Forecast Period

The refurbished dental lab equipment market is highly competitive and fragmented, with the presence of several established players. The market players are focusing on expanding their product offerings and increasing their presence in emerging markets to gain a competitive edge. Additionally, the adoption of sustainable practices and the increasing demand for cost-effective dental equipment are driving the growth of the refurbished dental lab equipment market. As emerging markets continue to grow, many companies in the refurbished dental lab equipment market are expanding their operations into these regions. This allows them to capitalize on the growing demand for dental equipment in these markets. Many consumers are becoming more environmentally conscious and are looking for sustainable products. As a result, some players in the refurbished dental lab equipment market are focusing on refurbishing equipment in an environmentally friendly way. The key companies in this market include Dentsply Sirona, Henry Schein, Patterson Companies Inc., A-dec Inc., Danaher Corporation, Midmark Corporation, GC Corporation, IvoclarVivadent AG, KaVo Dental, Straumann Holding AG, and Other Notable Players.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Refurbished Dental Lab Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Refurbished Dental Lab Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Equipment

• Dental Milling
• 3D Printing Systems
• Integrated CAD/CAM Systems
• Casting Machines
• Furnaces
• Articulators
• Dental Scanners
• Others

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Refurbished Dental Lab Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2031.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Refurbished Dental Lab Equipment market?
• Which is the largest regional market for Refurbished Dental Lab Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Refurbished Dental Lab Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Refurbished Dental Lab Equipment market worldwide?

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