The restorative dentistry segment is expected to drive the growth of global dental surgery instruments market by therapeutic area
According to new market research titled 'Dental Surgery Instruments Market to 2027 - Global Analysis and Forecasts by Product, therapeutic, and End User.' The global dental surgery instruments market is expected to reach US$ 8,002.27 Mn in 2027 from US$ 4,868.42 Mn in 2018. The market is projected to grow with a CAGR of 5.8% from 2019-2027. The report provides trends prevailing in the global dental surgery instruments market and the factors driving the market and also the factors that act as hindrances.
In recent years, dental treatment has emerged as an increasingly popular type of medical tourism. This trendy treatment involves travel outside of the local healthcare system to receive services at a substantially lower cost. The surgery typically takes place at the end of a vacation to make the most of the travel expenses.
As per the Registered Dental Hygienist (RDH) Magazine, the majority of dental tourism advertisements target the American population for their dental treatment in Mexico, Argentina, Costa Rica, Malaysia, Thailand, South Korea, and India.
The dental tourism in various countries has flourished and is expected to witness rapid growth owing to high-quality surgical practices at a low price as compared to developed countries. Government and industrial infrastructure and developments in the dental industry favor the growth of dental tourism in Mexico. The opportunities, such as less cost with standards treatments and accessibility in Mexico, help to make further progress in dental tourism. Also, in the US and Canada, the citizens do not have dental insurance, and low-cost treatment is the attracting factor for most Americans in the region. Dental treatments in countries like India, Malaysia and others may save up to 60% to 80% of patient’s expenses as compared to prices in western countries. The increasing influx of patients to the developing countries for dental procedures is likely to offer growth opportunities for the dental surgery instruments market in these regions.
The global Dental Surgery Instruments market, based on therapeutic area, has been segmented into restorative dentistry, orthodontics, endodontics and other therapeutic areas. In 2018, the restorative dentistry segment held the largest share of the market owing to the increasing popularity of the treatment, the segment is likely to witness a significant growth over the coming years. Moreover, this segment is also expected to register the highest CAGR of 6.3% in the market during the forecast period.
The Dental Surgery Instruments market majorly consists of players such as Dentsply Sirona Inc., Danaher, 3M, Coltene Holding Ag, Brasseler USA, A-Dec Inc, Hu-Friedy Manufacturing Company, LLC, Integra Lifesciences Holdings Corporation, Nakanishi Inc. Biolase, Inc. among others. Organic growth strategies activities witnessed in the market were product launches, which have helped the companies to improve and strengthen their position and the customer base in the market. For instance, in July 2018, Danaher Corporation announced its intention to spin off its Dental segment into an independent, publicly-traded company (DentalCo). The transaction is intended to be tax-free to Danaher shareholders and expected to be completed in the second half of 2019.
The report segments the global Dental Surgery Instruments market as follows:
Global Dental Surgery Instruments Market - By Product
Global Dental Surgery Instruments Market - By Therapeutic Area
Global Dental Surgery Instruments Market - By End User
Global Dental Surgery Instruments Market - By Geography
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