Over the forecast period, rising dental hospital visits are anticipated to fuel market expansion for dental equipment. For instance, the Centers for Disease Control and Prevention reported that 64.9% of American adults 18 and older visited dental hospitals in 2019 for a dental exam or cleaning. Over the course of the projection period, rising R&D activity is anticipated to fuel market expansion. For instance, the FDA 510(k) clearance of the EdgePRO system for endodontists was announced by BIOLASE, Inc., a global leader in dentistry lasers, and EdgeEndo, a global leader in commercialising endodontic devices, in January 2022. Also, the innovative laser aided microfluidic irrigation system provides cutting-edge alternatives to conventional cleaning and disinfection methods without interfering with treatment efficiency or significantly increasing procedure costs. During the course of the projected period, the market growth is anticipated to be driven by an increase in new launches and approvals. For instance, in May 2021 Pearl, a pioneer in AI solutions for efficiency, accuracy, and consistency in dental care, revealed that its Second Opinion AI solution, which aids dentists in radiological identification of dental diseases, has been granted CE-certification.
Coherent Market Insights projects that the market for Dental Equipment is predicted to reach US$ 9,134.1 million in 2022 and grow at a CAGR of 4.9% during the forecast period (2022-2030)
Prominent Companies in the Dental Equipment Industry:
1. Planmeca Group
The company was established in 1971 and is headquartered in Helsinki, Finland. Planmeca is a Finnish manufacturer of cutting-edge dental products, including dental units, CAD/CAM solutions, software, and 3D and 2D digital imaging equipment. Planmeca announced in March 2023 that it will exhibit a wide range of novel products at the International Dental Show 2023, the premier trade show for the dentistry sector. Planmeca and BWT begin working together in March 2023 to develop water treatment options for dentistry clinics.
2. Align Technology,
The company was established in 1997 and has its main office in Tempe, Arizona. 3D digital scanners and Invisalign transparent aligners, both used in orthodontics, are produced by Align Technology. Align Technologies announced in March 2020 that it had signed a binding contract to buy exocad Global Holdings for for $418.7 million. In September 2022, Align Technology opened its first regional manufacturing facility in Europe and the Middle East in Wroclaw, Poland.
