The Dental Turbine Market is estimated to be valued at US$ 115.9 Mn in 2023 and is expected to exhibit a CAGR of 13. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental turbines are motorized handpieces used by dentists for procedures such as cavity preparation, crown & bridge prep, and endodontics. They allow for greater control over rotating dental burs and cutting tools. Turbines offer high torque with variable speeds up to 400,000 RPM for different clinical requirements. Advantages include flexibility, control and ability to work comfortably over extended periods of time.
Market key trends:
The introduction of advanced dental turbines with improved features is a key trend in the market. New products offer better ergonomics, greater precision and control. Some new features include integrated LED illumination for improved visibility, automatic speed controls based on load applied, and wireless connectivity enabling remote operations. Manufacturers are also developing turbines compatible with new cutting tools made from advanced materials like ceramics and composites. The rise of esthetic or cosmetic dentistry has increased demand for minimally invasive procedures requiring high precision capabilities offered by latest turbine technologies. As patients seek improved cosmetic outcomes, adoption of advanced turbines is growing among dental professionals globally.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the global dental turbine market is low to medium due to the presence of established players and requirement of high capital and resources to invest in R&D.
Bargaining power of buyers: The bargaining power of buyers in the global dental turbine market is medium as there are multiple brands providing similar products in the market.
Bargaining power of suppliers: The bargaining power of suppliers in the global dental turbine market is medium as the key raw materials required are commoditized.
Threat of new substitutes: The threat of new substitutes in the Dental Turbine Market Growth is low as dental turbines have applications that are difficult to replace.
Competitive rivalry: High due to the presence of many global and regional players.
SWOT Analysis
Strengths: Wide product portfolio and technological advancements in dental turbines. Established distribution network of key players.
Weaknesses: High costs associated with dental turbines and repairs & maintenance. Storage and handling issues of some turbines.
Opportunities: Growth opportunities in emerging markets. Increasing demand for cosmetic and small dental procedures.
Threats: Stringent regulations for new product approvals. Threat from local and generic competitors on pricing.
Key Takeaways
The global dental turbine market is expected to witness high growth, exhibiting CAGR of 13% over the forecast period, due to increasing prevalence of dental diseases and rise in dental tourism.
Regionally, North America is expected to dominate the global dental turbine market owing to the rise in incidence of tooth decay, technical advancements in dental turbines, and favorable reimbursement policies for dental procedures in the region. The Asia Pacific market is anticipated to exhibit the fastest growth rate during the forecast period owing to increasing demand for dental care in emerging economies like China and India.
Key players operating in the dental turbine market are KaVo Dental, Nakanishi inc., Foshan Gladent medical instrument Co.,Ltd, TEALTH FOSHAN MEDICAL EQUIPMENT CO., LTD, Chirana, coxo Medical Instrument Co., Ltd., Dabi Atlante, Carlo De Giorgi, Henry Schein, Inc., DENTALEZ, Inc., Aseptico Inc., Sinol Dental Limited., Guilin Woodpecker Medical Instrument Co.,Ltd., MDK Dental, Beyes, NINGBO HPDOVE DENTAL INSTRUMENTS CO., LTD., Ivoclar Vivadent Pty Ltd. The players are involved in new product launches and adoption of inorganic growth strategies like acquisitions and collaborations to gain competitive advantage in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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