Dental equipment Market is Expected to Reach $7,138.9 Million by 2019 - New Resaerch Report by MarketsandMarkets
(PRWEB) January 11, 2015 -- The dental equipment market is witnessing significant growth across the globe due to factors such as rising aging population, increasing demand for cosmetic dentistry, and growing dental tourism industry. Furthermore, numerous conferences are being organized across the globe, thereby increasing market awareness about technological developments, availability of new products, and oral hygiene in the dental equipment market. In addition, favorable regulatory environment in the emerging economies have opened a wide array of opportunities in the dental equipment market.
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On the basis of products, the dental equipment market comprises dental systems and equipment, dental lasers, and dental radiology equipment. Dental systems and equipment include instrument delivery systems, hand pieces, scaling units, dental chairs, and CAD/CAM systems. The CAD/CAM systems showcase a high growth potential and represent new revenue pockets. High growth in these markets can be attributed to the technological advancements, flexibility, and ease of use offered by this technology.
In the coming five years, the growth rate of dental equipment is likely to be focused on the Asian region. Investments made by the leading players for enhancing the dental equipment market will drive the growth of this market.
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The prominent players in the dental equipment market are 3M Company (U.S.), A-dec Inc. (U.S.), BIOLASE Technology (U.S.), Carestream Health (U.S.), Danaher Corporation (U.S.), Dentsply International (U.S.), Ivoclar Vivadent (Liechtenstein), Midmark Corporation (U.S.), Planmeca Oy (Finland), and Sirona Dental Systems Inc. (U.S.).
Danaher Corporation (U.S.) was the global leader in the dental equipment market in 2013. It is a well-known company and has an exhaustive product portfolio. The company adopted acquisitions as its key business strategy to uphold its leadership position in the dental equipment market. In this regard, in June 2014, Kerr Corporation (a subsidiary of Danaher Corporation) acquired DUX Dental (U.S.) and Vettec Inc. (U.S.), two dental imaging companies.
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The key strategies followed by most companies in the dental equipment market are new product launches; acquisitions; and agreements, collaborations, and partnerships. New product launches accounted for the largest share of the overall growth strategies adopted by the market players from 2011 to 2014. Players adopted this strategy to enhance their product portfolios in dental equipment. Some of the leading players who adopted this strategy include A-dec, Inc. (U.S.), BIOLASE, Inc. (U.S.), Carestream Health, Inc. (U.S.), Ivoclar Vivadent (Liechtenstein), Midmark Corporation (U.S.), Planmeca Oy (Finland), and Sirona Dental Systems, Inc. (U.S.). Agreements, collaborations, and partnerships accounted for the second-largest share of the overall growth strategies adopted by the players in the market.
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