Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.94 Billion | USD 37.89 Billion | 6.5% | 2021 |
FrequentlyAsked Questions
One of the prime factors that is driving the market growth is the growing incidence of dental diseases across the globe. Furthermore, dental tourism is becoming more popular as a result of globalization's ease of travel, knowledge, and trade. Medical tourism has also grown in importance as a source of cash in developing nations, particularly in the Asia-Pacific area, and may help to enhance local health-care systems. All these factors are boosting the market growth.
According to the Zion Market Research report, the global dental equipment and consumables market was worth about 21.94 (USD billion) in 2021 and is predicted to grow to around 37.89 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 6.5 percent.
North America to account for the major share in the global dental equipment and consumables market during the forecast period. This is majorly attributed to factors such as heightened consumer awareness of the importance of oral hygiene to overall health, continued favorable demographic trends, and increased prevalence of dental diseases. In addition to this, widespread acceptance of technological advancements in dental equipment, such as CAD/CAM systems, digital radiography, intra-oral cameras, and lasers is also contributing to the growth of the market in this region.
GC Orthodontics America, Dentsply Sirona, Danaher Corporation, BioLase, A-Dec, VATECH, Acteon, Carestream Health, Planmeca OY, and Midmark Corporation are some of the prominent players that are operating in the global dental equipment and consumables market.
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