ALBANY, New York, July 8, 2013 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Dental Equipment Market (Dental Extraoral & Intraoral Radiology, Dental Lasers, Cone Beam CT Systems, Laboratory Machines, Hygiene Maintenance Devices, Chairs and Light Cure Equipment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global dental equipment market was valued at USD 5.5 billion in 2011 and is expected to grow at a CAGR of 4.7% from 2012 to 2018, to reach an estimated value of USD 7.6 billion in 2018.
Browse the full report at http://www.transparencymarketresearch.com/dental-devices-market.html
The market growth is majorly attributed to the advancement in diagnostic and treatment technologies such as dental lasers, leading to faster healing, minimal pain, reduced chair time and more precise diagnosis. In addition, growing global awareness about the role of dentistry in aesthetics coupled with increasing disposable income of patients is also positively impacting the growth of the dental equipment market. The trend of patients migrating to developing countries such as India, in search of better and cheaper dental treatment, referred to as dental tourism, is also fostering growth of the market.
Rising disposable incomes of patients coupled with growing dental care awareness will drive the dental equipment market in the developing Asian countries. In case of developed regions of North America and Western Europe, market growth will be driven mainly by the aging population possessing a desire to retain natural tooth structure.
In 2011, North America was the leader in terms of market share and is expected to maintain its leadership position till 2018. This can be attributed to the rapid adoption of advanced technologies such as CAD/CAM, along with a relatively higher dental health conscious population. However, the European market is expected to grow at the highest CAGR of over 5% from 2012 to 2018. Factors such as aging population in Western Europe and migration of patients from Western Europe to Eastern Europe for availing affordable dental treatments will be responsible for the higher growth rate.