Dental Equipment – Advance low cost technologies to drive the dental equipment market
Dentistry is an ever-evolving healthcare segment, with numerous technologies being researched, developed, tried and commercialized to improve therapy outcomes. Growing number of dental clinics is in turn driving adoption of dental lasers, computer-aided design and computer-aided manufacturing (CAD/CAM) systems, dental radiology equipment, and other laboratory equipment.
The global dental equipment market was valued at US$ 6,342.3 million in 2015 and is expected to expand at a CAGR of 4.7% during the forecast period (2016 – 2024).
Advent of CAD/CAM & 3D printing fueling market growth
Laser and electro surgery techniques enable precise incision during surgeries, causing minimal damage to tissues and subsequently aiding faster healing. Advent of CAD/CAM has reduced time for prosthodontic restoration procedures to one day. Replacement of conventional radiology equipment with digital radiology equipment equipped with picture archiving and communication systems (PACS) facilitates archiving treatment records. 3D printing technology has improved outcomes of dental treatments. Cone beam CT systems provides clear extra oral images with minimal exposure to harmful X-rays compared to the conventional CT systems.
Get Free Sample Report @ https://www.coherentmarketinsights.com/insight/request-sample/85
High treatment costs in developed economies fueling influx of dental tourists in emerging economies
According to the New National Survey published in the American Dental Association in 2014, 40.2% of adults in the U.S. indicated that they would forego dental care due to high costs associated with it. According to 2016 statistics of the Oral Health Foundation, 88% of adults in the U.K.do not have dental insurance and around 63% of adults prefer visiting National Health Service (NHS) dentists rather than private dentists due to high costs associated with the later. High dental cost involved in cosmetic dentistry dental caries, periodontal disease treatment and overall dental care in developed economies is fueling growth of dental tourism in emerging regions such as Asia, Latin America, and Eastern Europe. Rapid development of dental tourism hubs such as India and Brazil would spur growth of the dental treatment market in emerging regions.
Increasing preference for refurbished dental equipment
Budget constraints in emerging countries such as India, China, Brazil and Eastern European countries is driving demand for refurbished dental equipment. This aids the newly established dental clinics and laboratories to achieve cost-efficiency with quality throughput. New dental equipment such as cone beam CT systems, vacuums & compressors, cad/cam, digital X-ray units and laboratory equipment involve high capital investment. This may increase the cost of patient dental procedures, thus negatively impacting the number of patient visits. Therefore, most dentists and hospitals in emerging countries prefer refurbished equipment, which in turn helps them pass on the cost-saving benefits to their patients. Market players such as Danaher Corporation, Planmeca Oy, and Dentsply Sirona, Inc. must consider the cost parameters while targeting the cost-sensitive customer base in emerging countries that are projected to be highly lucrative markets in the near future.
Get Free Request Customization @ https://www.coherentmarketinsights.com/insight/request-customization/85
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. Our global team of over 100 research analysts and freelance consultants provide market intelligence from the very molecular country level and also provide a global perspective of the market. Our team is of the most vital cog in our robust machinery that gives us the ability to deliver independent insight relying on our cognitive defusion training module.This allows for an objective and unbiased assessment of the market. We pride ourselves in my constantly striving to update our extremely in-depth understanding of the market by closely monitoring and analyzing markets, trends, and emerging best practices, across allfathomable industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize on lucrative growth opportunities in the market and to follow firmly position themselves on a high growth path in the future.
Visit Blog: http://healthcaremarketconsulting.blogspot.in/