Bench top dental autoclave market outlook: Rising oral health awareness to elevate industry growth over 2016-2023
Rising occurrence of dental problems coupled with growing awareness about sterilization will push Bench top dental autoclave market growth over the coming years. As per CDC report, in 2012, nearly 61% of adults and 62% of old population consulted dentists to perform dental procedures like dental fillings, dental crowns, periodontal therapy, root canals, and maxillofacial procedures. According to Global Market Insights, Inc., study “Bench top dental autoclave market revenue is projected to hit USD 78.7 million by 2023.” Favorable government policies encouraging sterilization to lessen infection acquired at hospitals along with rising healthcare spending will propel the industry trends over the next few years. Growing oral cancer cases, owing to enhanced tobacco as well as alcohol consumption across emerging economies is also projected to drive the business growth.
Europe Bench-top Dental Autoclaves Market size, by Product, 2012 – 2023 (USD Million)
Moreover, intense efforts made by the government to promote the use of dental instruments and consumables is projected to escalate bench-top dental autoclaves industry expansion in the near future. For instance, “The Comprehensive Dental Reform Act of 2012” of the U.S. has favorably impacted dental equipment and consumables sector, further enhancing Bench top dental autoclave market development. Favorable compensation policies related to dental coverage along with promotion of oral healthcare campaigns across healthcare centers and schools is expected to drive the growth.
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Automatic, Pre-& Post vacuum, and Semi-Automatic dental autoclaves are few of the major bench-top dental autoclaves products. Pre & Post vacuum dental autoclaves, which accounted nearly 43% of global Bench top dental autoclave market share in 2015, is anticipated to grow substantially in the years to come. Its rising demand across dental clinics along with cost-effectiveness will spur the product demand. Automatic bench-top dental autoclaves industry is projected to record an annual growth rate of 7.1% over the coming timeframe, driven by rising automation trends in dentistry to achieve quick & accurate outcomes without human interference.
Geographical trends pertaining to Bench top dental autoclave market over 2016-2023 are as below:
- Europe bench-top dental autoclaves industry size, estimated at USD 16.4 million in 2015, is anticipated to hit USD 24.8 million by 2023. High incidences of oral ailments such as pyorrhea amongst the aging population are anticipated to boost the regional growth over the years to come.
- Increasing awareness about oral health coupled with high occurrence of oral diseases is forecast to stimulate bench-top dental autoclaves business expansion in North America. U.S. Bench top dental autoclave market size, which accounted for more than 80% of the overall revenue in 2015, is predicted to drive the regional revenue.
- Asia Pacific bench-top dental autoclaves industry is forecast to make substantial gains of 7.4% over 2016-2023, driven by growing geriatric population base along with large unmet dental requirements. China, Japan, India, South Korea, and Indonesia are projected to be the major regional growth drivers.
Market players will try to retain their industry position and enhance their revenue by implementing business growth strategies such as strategic alliances, product development, technological innovation, product differentiation, and mergers & acquisitions. Key industry participants include Melag, Tattnauer, Midmark Corporation, W&H Dentalwerk International, Fona Dental, and Antonia Matachana S.A.
Author Name :Dhananjay Punekar