North America Dental Equipment Market Overview:
The size of the North American dental equipment market is growing at a sound pace and is projected to grow at a CAGR of 5.44% during the forecast period 2018-2025 to reach USD 3.33 million by the end. Dental devices or tools that dental professionals use to give dental treatment. They include tools to monitor, restore, treat, manipulate, and remove teeth and surrounding oral structures. Conventional devices are the instruments used to examine, restore, and extract teeth and manipulate tissues.
Dental technology remains an important and valuable key in providing excellent patient care. The role of today’s dental specialist has extended and evolved to being a gatekeeper of new product information, imaging devices and radiology techniques, an advocate of new technologies to improve consistency, advisor on new restorative materials accuracy, and educator for improved chairside techniques.
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Drivers and Restraints:
The growing geriatric population and healthcare expenditure have boosted the market growth. Additionally, changing the environmental conditions and increasing per capita income have fuelled the growth of the market over the review period. However, according to the National Coalition on Health Care, more than 108 million children and adults lack dental insurance, which is more than 2.5 times the number who lack medical insurance. Also, poor reimbursement policies and the gray market of dental distribution may slow the growth of the market.
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Geographical Insights
North America region is a fast-growing dental equipment market across the globe owing to the health-conscious population in the countries representing this region. In the U.S. and Canada, most people pay attention to dental health, which allows them to invest more in dental treatments. Thus, it improves their overall dental health and oral appearance. The U.S. holds the major share of the market owing to the huge investment in the research & development, high healthcare spending and increasing prevalence of dental diseases.
Additionally, increasing government support and technological advances have fuelled the growth of the dental equipment market in the United States. Canada holds less share of the market and will grow at a steady pace in the projected period.
Key Players
Some of the major players in the North America dental equipment market are Patterson Dental (US), Henry Schein (US), Dentsply Sirona (US), 3M (US), Straumann, Danaher Corporation, PLANMECA OY, Care stream Health, Inc., and Biolase Inc.
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