Dental equipment market to grow at a CAGR of 5.8%
2012-07-30 18:51:24 - Dental equipment market to grow at a CAGR of 5.8%
The dental equipment market was valued at $4.5 billion in 2011, and is expected to grow at a compound annual growth rare (CAGR) of 5.8% from 2011 to 2016. By 2014 the dental equipment market is forecast to hit a total value of $26 billion.The dental equipment market consists of devices used in diagnosing dental diseases/conditions and treating the same.
These include dental chairs, hand pieces, CAD/CAM systems, scaling units, instrument delivery systems, dental lasers, intra oral and extra oral radiology equipment, and CBCT scanners.Market growth looks set to be predominantly driven by the tremendous demand for dental biomaterial and dental implants. It is expected that the market for dental implants and dental biomaterials will grow at an overall CAGR of 12.2% and 10.5% respectively to 2014.The retail dental care sector is the largest market segment, predicted to increase to $5.8 billion in 2013, at a CAGR of 3.9%.The Americas form the largest region within the dental equipment market, and are marked by the presence of numerous market leaders based in this region and a large ageing population that can afford expensive dental procedures.Europe closely follows with significant developments and growth in the dental industry and a huge number of dental manufacturers operating in various segments with a global presence.For more information on the dental equipment market, see the latest research: Dental Equipment Market ReportFollow us on Twitter @CandMResearch
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