(MENAFN - Research Cosmos) Asia Pacific Dental equipment Market Overview:
The Asia Pacific (APAC) Dental equipment Market was estimated at $ 1427 million in 2018 and is expected to reach $ 2192 million by 2025, growing at a compound annual growth rate of 6% over the 2018-2025 forecast period.
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Drivers, Challenges and Opportunities:
It is expected that the dental equipment market in Asia Pacific will grow at a steep pace over the next few years. Therapeutic and diagnostic technologies and the increase in cosmetic dental advances are some of the key factors that are expected to accelerate the growth of the market over the next few years. It is also expected that trends in the dental tourism industry in some developing countries accelerate the growth of the market in this region in the near future. An increasing number of older people is an important factor that is expected to increase demand for dental equipment. Government initiatives related to dental hygiene are another factor that promotes the growth of the APAC market.
In recent years, governments in many countries have begun to reform their dental health promotion. In addition to the dental equipment market, dentists have also been affected by rising demand for cosmetic products. In the last five years, the amount of money spent on cosmetic dentistry has increased significantly. On the other hand, the increase in taxes on medical devices and the increase in costs of advanced technology equipment would be an obstacle to the growth of the market over the next few years. In addition, the growing market of regenerative dental equipment is another key factor that is expected to limit the growth of this market over the coming years. However, it is expected that the increase in income available to consumers in some developing countries will generate promising growth opportunities for market participants around the region.
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According to geography, the Asia Pacific market is divided into India, China, Japan, Australia, New Zealand and Korea. The countries of this region like India, China, South Korea, Malaysia, Thailand and Singapore, are expected to offer lucrative growth with the rise of per capita income and emerging economies.
Some companies operating in the dental equipment market include 3M Company, Carestream Health, Inc., Biolase, Inc., GC Corporation, Dentsply International, Inc., A-Dec, Inc., Planmeca OY, Danaher Corporation, Ivoclar Vivadent AG, Straumann, Henry Schein, Inc., Hu-Friedy Mgf Co., Noble Biocare, Midmark Corporation and Sirona Dental Systems, Inc.
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