Rising disposable incomes from Asia Pacific and Latin America would present better growth opportunities for global dental equipment players
As per the report published by Transparency Market Research, the increased disposable incomes, especially from Asia Pacific and Latin America is expected to provide better growth opportunities for dental equipment manufacturers in the regions. North America led the market in 2011 and is expected to lead till 2018, while the European market is expected to grow at the fastest CAGR over 2012-2018. The major drivers fueling the growth of the market include the streaming dental tourism sector, rising demand for cosmetic dentistry, advancement in diagnostic and treatment technologies, and the increasing geriatric population base. The factors which may limit the growth of the market include, expensive instruments, increasing demand for refurbished dental equipment, rising fluoridation in preventing and controlling dental caries, and growing taxes on medical devices. The major players of global dental equipment market are Noble Biocare, Straumann, 3M, Biolase, Sirona Dental Systems, Midmark, Danaher, and Henry Schein.