by 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:
A dental turbine is a handpiece that uses compressed air to rotate at high speeds. It is primarily used to shape and polish teeth during dental treatments. Some common uses of dental turbines include cavity preparations, tooth restoration like fillings, root canal treatments, and cleaning/polishing of teeth. They are an essential part of modern dental practices and help dentists perform various procedures efficiently.
Market Dynamics:
Dental Turbine Market Growth is mainly driven by the growing prevalence of dental diseases and increasing awareness about oral healthcare. As per the FDI World Dental Federation, oral diseases affect nearly 3.9 billion people worldwide with dental caries (cavities) in permanent teeth being the most common oral disease. Additionally, rising disposable incomes and growing dental insurance coverage are encouraging people to seek regular dental checkups and treatments. Further, advancements in dental turbine technologies, such as advanced speed control technologies, reduction in noise/vibration, and ergonomic designs are fueling their adoption rates across dentistry. However, high costs associated with premium dental turbines and lack of awareness in underdeveloped regions may hamper market growth over the forecast period.
SWOT Analysis
Strength: The dental turbine market is witnessing an increase in demand for advanced dental care devices. Turbines provide high speed and torque allowing dentists to perform procedures quickly. Leading brands offer turbines with durable design and reliable performance.
Weakness: High costs associated with dental turbines limit their adoption in price sensitive areas. Require skilled professionals for operation and maintenance.
Opportunity: Rising dental tourism in emerging nations offers scope for market expansion. Growing geriatric population prone to dental issues creates long term growth opportunities.
Threats: Strong competition from substitutes like micromotors pose pricing challenges. Stringent regulatory approvals delay product launches.
Key Takeaways
The global dental turbine market is expected to witness high growth, exhibiting a CAGR of 13% over the forecast period, due to increasing prevalence of dental caries and other dental diseases. Changing lifestyles and rising disposable income also boost the market.
Regional analysis
North America dominates the global dental turbine market accounting for over 35% share, led by the US and Canada. This is attributed to the presence of major players, advanced healthcare facilities and growing medical tourism. Asia Pacific exhibits the fastest growth supported by rapidly developing economies of China and India, presence of medical device manufacturers and increasing healthcare expenditures.
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. Leading players are focusing on new product launches to expand their market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
