Dental Equipment Market Size, Growth And Segments To 2020 By Hexa Research
Introduction of technological advancements such as 3-D milling, 3-D printing and dental lasers is a high impact rendering driver of the dental equipment market. In addition, Increasing awareness and patient empowerment have led to an increase in demand for better dental care facilities at affordable prices. Growing medical tourism and introduction of favorable government initiatives pertaining to medical, surgical and dental equipment are also expected to drive the dental equipment market. The U.S. government has introduced reforms in its dental equipment and consumables sectors. Implementation of the Comprehensive Dental Reform Act of 2012 is a paradigm reform and is expected to act as a driver for dental equipment market.
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This act aims to end the looming crisis in oral healthcare in the country by expanding reimbursement options which extends dental health insurance to Americans by including all Medicaid and Medicare beneficiaries under its coverage. Increasing the workforce for providing loans and distributing scholarships among dental hygienists and therapists in order to encourage them to provide services to patients belonging to low income groups. The act provides government funding for research and development in oral healthcare services. Liberal polices of Government related to dental equipment has created opportunities for international dental manufacturers such as Danaher Corporation, Dentsply International and Sirona Dental Systems to establish joint ventures and outsourcing facilities. E.g. In 2011, Danaher Corporation acquired 13 companies as a part of business strategy.
Dental radiology equipment, dental lasers, systems and parts, hygiene maintenance devices laboratory machines and others are the main products of dental equipment market. The dental systems and parts segment emerged as the largest market in 2013 with the revenue share at over 36.0%. However, this segment is expected to grow at the fastest CAGR during the forecast period. Introduction of advanced technologies such as cone beam CT syastems and CAD or CAM and rising adoption rates are the factors accounting for its growth.
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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.