The global dental market is expected to grow to $55 billion by 2019, according to a new report from BCC Research.
Led by advances in technologies such as imaging equipment, dental lasers, and CAD/CAM equipment, the dental equipment market is the fastest-growing segment of the industry, the report noted.
The dental equipment market is forecasted to reach a value of $7 billion in 2019, up from $5.6 billion in 2014. Growth is likely to be influenced by steady demand for professional dental services, primarily supported by an increasing life expectancy, a growing and aging population, and increasing consumer awareness of dental care and healthcare needs.
Reconstructive and cosmetic materials, the largest segment in the professional dental market, are expected to reach $12 billion in 2019. The high cost of materials and exceptionally high demand for cosmetic services in all health segments will continue to significantly impact market size.
The dental treatment materials and supplies market is predicted to reach $8.8 billion in 2019. A growing consumer awareness of dental health in terms of caries treatment and endodontic solutions, especially among a growing and aging population, will continue to influence its steady growth.
