The Global market for Dental Equipment is on the rise and rapidly advancing technologically on a global scale. The market is highly underrated when compared with markets of other medical & healthcare sectors. This is a market filled with huge potential and scope which is fueled by rapid technological advances and increased M&A activity all around the globe.
For instance, Henry Schein has been on a spree acquiring companies in the field of dental equipment, new product launches, and agreements with organizations and is on the verge of attaining global domination in the Dental Equipment market. They have recently acquired ADS Florida, LLC and have expanded their practice transition service offerings around the world. They have managed to acquire five companies from Arseus and acquired Sirona Direct, France's dental distribution business of Sirona Dental Systems, thereby strengthening their European base. This acquisition will strengthen their European Dental, Dental Laboratory and technological presence. Their entry into the Japanese market (2nd largest dental market) region with their investment in Iwase Dental Supply and their entry into the Brazilian market by a 50 percent ownership investment in Dental Speed Graph, one of the leading providers of dental consumables in Brazil will strengthen their hold on the global market. These activities are an indication of the huge untapped potential of the Dental equipment market in the emerging regions of APAC and Latin America. Henry Schein is making sure that they are dominating the market in this region.
Apart from the major M&A activities, a major chunk of market players are regularly innovating in their product list and are making sure new products will address the market demands. Ivoclar Vivadent released new products which included Cost effective universal Adhesives and CAD/CAM milling machines which ensured high quality restoration, Ultradent launched a new line of piezo ultrasonic devices for dentists seeking a power scalers.
Increasing dental and global tourism in developing nations, rising demand for cosmetic surgery, rise in geriatric population, and global economic growth are the major drivers for this market. Another factor for market is low penetration rate for dental implants which enables dental implants cost effective for the end user. Increasing number of dental clinics and practitioners provided large level dental care services, thereby boosting the market returns. While lack of consumer awareness in developing countries may hinder the market growth but market has quite a lot potential in other countries.
At this rate, the dental market will grow constantly and new products will be released into the market to meet the current and future demands
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