Aug 10, 2017
North America to Remain Most Lucrative Market for Dental Lasers
by Team Fact.MR
In a bid to control risks pertaining to oral diseases, the World Health Organization has undertaken several initiatives. One of these initiatives is building oral health policies. Other initiatives include development of projects that are community-based for preventing oral and dental disorders. These initiatives have encouraged the national health authorities to implement efficient fluoride programs, to lower the cases of dental caries and periodontal problems, and offer technical support to countries across the globe. This has resulted into integration of the dental health in public health, reinforcing the foundation of dental health systems. A gradual transformation has been witnessed in trend for oral treatment, from conventional treatment toward advanced treatment. The challenges faced in traditional dental services have been eliminated by advanced dental care services, for example – cosmetic dentistry, and laser dentistry.
Global Market for Dental Lasers will Register a Staggering CAGR through 2022
The global dental lasers market is projected to register a staggering CAGR throughout the forecast period 2017 to 2022. Global revenues from the market are anticipated to exceed US$ 600 Mn by the of the forecast period. Increasing disposable income of people across economies including Germany, France, the U.S., the U.K., Italy, and Spain, has driven adoption of expensive procedures of cosmetic dentistry, such as dental lasers. This factor is expected to fuel demand for new innovative technologies as well as products associated with dental lasers. Periodontal disorders have been gaining higher prevalence among elder and pediatric population. The CDC has stated that nearly 47% adults of age 30 years & above are being affected with periodontal diseases, along with approximately 30% population aged 65-75 being devoid of natural teeth. The government as well as private organisations around the world are taking initiatives for spreading awareness about oral health, as oral disorders might result into low birth weight, heart diseases, and transmission of flu. Dental care and oral hygiene has become the prime concern, owing to constantly changing eating and drinking habits of people globally. These factors will augment the market growth over the forecast period.
Dental Clinics- Largest End-users of Dental Lasers
Dental Clinics are estimated to remain the largest end-users of dental lasers in the global market. Factors such as the rise in use of handheld, portable, and handpiece lasers equipped with hybrid functions, and rapid adoption of advanced technologies are expected to favor demand for dental lasers in dental clinics.
North America is poised to remain the most lucrative market for dental lasers, with sales projected to exhibit a double-digit CAGR over the forecast period. The incidences of dental problems, along with the growing geriatric population have surged significantly in the region. Moreover, adoption of lasers has been rising tremendously for dental surgeries, providing patients with lesser chair time, quicker healing, and minimal pain. These factors will drive growth of the dental lasers market in North America.
Revenues from Yttrium Aluminum Garnet Lasers to Hold over 50% Market Share
By product type, yttrium aluminum garnet lasers are projected to remain sought-after in the global market, with sales expanding at the highest CAGR through 2022. Revenues from yttrium aluminum garnet lasers will account for over 50% share of the global dental lasers market over the forecast period. Between carbon dioxide lasers, and diode lasers, the latter will hold a larger revenue share, and the former is anticipated to reflect a relative higher CAGR through 2022.
Key players in the global market for dental lasers include elexxion AG, IPG Photonics Corporation, Lumenis Ltd., DENTSPLY SIRONA Inc., A.R.C. Laser GmbH, Ivoclar Vivadent AG, Danaher Corporation, Convergent Dental, Inc., BIOLASE, Inc., and AMD Lasers, LLC.