The global dental equipment market is expected to increase from $5.4 billion in 2014 to reach $7.1 billion by 2019, acccording to the new research report by MarketsandMarkets.
The report, "Dental Equipment Market By Products (Dental Radiology, CAD/CAM, Dental Chairs, Dental Lasers), Current Trends, Opportunities -- Global Forecast to 2019," projects the market growing at a compound annual growth rate of 5.7% between 2014 and 2019.
The report segments the market on the basis of product and geography. On the basis of products, the market is categorized into three segments: dental systems and equipment, dental lasers, and dental radiology equipment. Among various products, dental systems and equipment and dental radiology equipment have the largest shares in 2014. Factors such as rising aging population, increasing demand for cosmetic dentistry, and growing dental tourism industry are driving growth.
Based on geography, the global dental equipment market is segmented into Americas, Europe, Asia, and the rest of the world. Americas accounted for the largest share of this market in 2014. The large share of the North American region is attributed to the government support in terms of formation of legislation, grants and funding, and the rising awareness of dental equipment.
