The global dental device market is projected to reach $12.7 billion by 2020, propelled by a surge in oral diseases and poor oral hygiene, according to a new report by Ace Business and Market Research Group (ABMRG).
The market report, "Global Dental Devices, Dental Implants and Dental Diagnostic Devices Market through 2020," provides an analysis of the global market covering regions such as America, Europe, and Asia-Pacific.
The key factors igniting the market growth include poor oral hygiene, a rise in incidences of oral diseases on the back of a growing elderly population, an improvement in oral care needs of individuals, and an increasing disposable income in developing economies, according to the research firm. The acceptance and proliferation of technology in terms of dental imaging (3D imaging), design and manufacturing (CAD/CAM) has resulted in better diagnosis, dental designs, patient compliance, and a decrease in chair time.
Globally, the U.S. is the leading market for dental care devices with its Centers for Medicare and Medicaid Services (CMS) having estimated the demand for dental services in the country to approach $167 billion by 2015. According to the Association of Dental Dealers of Europe, in 2011, the European dental market increased by 1.2% in terms of the total turnover for all countries with the number of active dentists increasing slightly by 0.8%. In developing countries, such as India and China, rising disposable income of the middle class and the growing dental care awareness and consumer acceptance are contributing to market growth, the firm noted.
