The global Dental Turbine Market is estimated to be valued at US$ 115.9 Mn in 2023 and is expected to exhibit a CAGR of 13.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Dental turbines have been an essential part of dental equipment and procedures as they are used for various applications in dentistry including drilling, polishing and gear changes. They offer advantages such as adjustable speed for safer treatment and smoother operation. Factors such as the rising prevalence of dental diseases, growing geriatric population and increasing dental healthcare spending globally are augmenting the demand for dental turbines.
Market key trends:
The rising dental healthcare spending globally is one of the major trends propelling the growth of the dental turbine market. According to data by the Organisation for Economic Co-operation and Development (OECD), dental healthcare spending has been rising consistently worldwide over the past few years. Growing access to dental insurance and the expanding middle-class population are some factors driving the growth of dental healthcare spending globally. Furthermore, initiatives by governments and dental associations to spread dental health awareness are also contributing to this rise in spending. With increasing investments in dental healthcare, the demand for modern dental equipment including turbines is anticipated to witness significant growth over the forecast period.
SWOT Analysis
Strength: The dental turbine market is witnessing high growth and adoption due to increasing number of dental procedures. Technological advancements have improved the efficiency and effectiveness of dental turbines.
Weakness: High costs involved in setup and maintenance of dental turbines can inhibit its adoption. Lack of awareness about advanced dental care in some regions remain a challenge.
Opportunity: Growing geriatric population susceptible to dental issues and emerging markets present lucrative opportunities. Rise of medical tourism and aesthetics dentistry boost demand.
Threats: Threat from substitute technologies and stringent regulations can impact growth. Trade barriers and global economic slowdown poses uncertainty.
Key Takeaways
The Global Dental Turbine Market Size is expected to witness high growth over the forecast period of 2023 to 2030 at a CAGR of 13.9%.
Regional analysis– North America dominates the global dental turbine market currently. Asia Pacific region is expected emerge as a fast growing market due to large patient pool, rise in disposable incomes and increasing medical tourism. China and India are projected offer lucrative opportunities.
Key players– 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. These players focus on expanding their product portfolio and geographical presence through mergers, acquisitions and collaborations.
*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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