The global Dental Equipment Market is forecast to reach USD 2,232.8 Million by 2028, according to a new report by Reports and Data. A dental handpiece is a tool used to drill into particular areas of the tooth with low and high speed. Dental handpiece are generally used for dental procedures such as cleaning of teeth, removal of tooth structures, polishing, and shaping of teeth.
The increasing incidence in dental diseases and innovation in the market is expected to drive the demand for dental handpiece.
The market for dental handpiece is anticipated to grow owing to the rapid increase in the number of dental experts in both developing and developed nations, and rising investments in dental care services. An increase in geriatric population and change in eating and drinking habits are also some of the factors that will propel market demand. Dental healthcare is witnessing a rapid increase in adoption of branded and technologically improved products in the coming years.
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Market Dynamics:
The pharma and healthcare sector has significantly advanced in the recent years and is expected to register steady revenue growth over the forecast period owing to rapid innovations in medical technology, increasing investments, rising healthcare expenditure and high adoption of advanced products and systems. Factors such as rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and neurological disorders across the globe, rising cases of coronavirus, improving healthcare infrastructure and research facilities, and increasing adoption of remote patient monitoring services and home care settings are expected to fuel global market revenue growth over the forecast period. In addition, increasing number of hospitals and ambulatory care centers worldwide, high demand for personalized medicine, increasing investments in drug discovery and growing investments by public and private sectors are expected to drive global market growth in the coming years.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product service portfolio. The Dental Equipment Market market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in RD, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
Leading companies operating in the market are:
Kavo Dental, Being Foshan Medical Equipment Co., Ltd, Acteon Group, Dentsply Sirona, Inovadent, Dentflex, Medidenta International Inc., NSK ltd., Morita, and Bien-Air, among others.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Dental Equipment Market Market Segmentation:
Type Outlook:
- Air-driven Handpieces
- Electric Handpieces
- Hybrid air-electric Handpieces
Application Outlook:
- Hospital
- Dental Clinics
- Ambulatory Surgical Centers
Geographic Segment Covered in the Report:
The Dental Equipment Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
• North America (USA and Canada)
• Europe (UK, Germany, France and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• Middle East and Africa (GCC and rest of the Middle East and Africa)
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Insights Covered in the Report:
- Market size assessment and demand analysis of Dental Equipment Market : Demand analysis part of the study on Dental Equipment Market market provides details on the actual market size as well as the total addressable market size (TAM) on the global and country level.
- Dental Equipment Market market forecast: Actual market data has been provided for the year 2021 and forecast has been covered from 2022 to 2028. Seven-year market forecast has been covered in the study.
- Customer pain points: Pain points and scope of innovation is one of the key components of this study. There are specific areas that the industry participants need to understand in order to excel. Since the competition is increasing, having a competitive advantage is very important.
- Demand vs supply comparison: Understanding the supply vs demand dynamics is important for working on business strategies and future action plans. This is important for product development and pricing decisions as well. Detailed inputs provided from the demand as well as supply side is a key value addition to this Dental Equipment Market market study.
- Future market prospects: The market is evolving continuously and the study highlights the future expectations and related strategic views. In order to plan investment strategies and capitalize upon new business segments, remaining updated with these insights is important.
- Key market trends: The Dental Equipment Market market report analyzes key market trends that will impact the Dental Equipment Market market in the future. Long- and short-term impact of these factors have been presented to help decision makers understand the industry on a granular level.
- Industry Challenges: There are industry challenges that need to be addressed in order to perform well in the Dental Equipment Market business. Companies in the Dental Equipment Market market need to tackle these challenges emerging due to change in market dynamics, industry requirements and other external environmental factors.
- Market player and market share analysis: Market player and Dental Equipment Market market share assessment is a special focus area of the study. Companies have been analyzed in terms of their product portfolio, target customers, revenue and strategic business decisions.
- Investment opportunities: Emerging business segments and revenue streams have been identified in order to help industry participants strategize their revenue mix and plan on their investment strategies.
- Understanding the USP: Unique value propositions that can be offered: In order to sustain the competition, companies must have certain unique value propositions in order to attract clients and gain competitive advantage. Such unique value propositions have also been highlighted in the report.
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