While dental lasers represented the smallest segment within the global dental equipment market in 2011, this segment is growing very rapidly, according to the results of a study by Transparency Market Research. Analysts from the market intelligence firm predict that the increasing use of lasers in minimally invasive surgical procedures will prove vital in helping this segment report the fastest growth rate in the global dental equipment market.
The findings of this study correspond to research by MicroMarket Monitor published earlier this summer. Read more: Laser Market Has Strong Growth Trajectory
Overall, the dental equipment market is expanding because dentistry is playing a growing role in esthetics. The market is poised to register a 4.7% combined annual growth rate (CAGR) through the report's forecast period, 2012-2018. The market will grow to $7.6 billion by 2018, up from its 2011 valuation of $5.5 billion. By geography, North America leads the world in market share, and will continue to benefit from the high prevalence of dental caries here.
The report identifies major players in the dental equipment market, and segments the market into 6 categories: dental radiology equipment, dental lasers, systems and parts, laboratory machines, hygiene maintenance devices, and other equipment.
You can access the full report by clicking here.
Check out the November issue of Dental Product Shopper for the category spotlight on lasers, and check back on the DPS blog for more features on lasers and minimally invasive dentistry.