According to the New National Survey published in the American Dental Association in 2014, 40.2% of adults in the U.S. indicated that they would forego dental care due to high costs associated with it. According to 2016 statistics of the Oral Health Foundation, 88% of adults in the U.K.do not have dental insurance and around 63% of adults prefer visiting National Health Service (NHS) dentists rather than private dentists due to high costs associated with the later. High dental cost involved in cosmetic dentistry dental caries, periodontal disease treatment and overall dental care in developed economies is fueling growth of dental tourism in emerging regions such as Asia, Latin America, and Eastern Europe. Rapid development of dental tourism hubs such as India and Brazil would spur growth of the dental equipment market in emerging regions.
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Increasing preference for refurbished dental equipment impacting the growth of overall dental equipment market
Budget constraints in emerging countries such as India, China, Brazil and Eastern European countries is driving demand for refurbished dental equipment. This aids the newly established dental clinics and laboratories to achieve cost-efficiency with quality throughput. New dental equipment such as cone beam CT systems, vacuums & compressors, cad/cam, digital X-ray units and laboratory equipment involve high capital investment. This may increase the cost of patient dental procedures, thus negatively impacting the number of patient visits. Therefore, most dentists and hospitals in emerging countries prefer refurbished equipment, which in turn helps them pass on the cost-saving benefits to their patients. Market players such as Danaher Corporation, Planmeca Oy, and Dentsply Sirona, Inc. must consider the cost parameters while targeting the cost-sensitive customer base in emerging countries that are projected to be highly lucrative dental equipment markets in the near future.
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