by Fluid management systems are dental equipment used to collect and discard the water and other debris generated during dental procedures like tooth restoration and root canals. They prevent contaminated water and debris from entering the drainage system, thus maintaining infection control. The rising number of dental practices and surgeons globally has increased the demand for efficient fluid management systems in clinics and hospitals.
The global Fluid Management System Market is estimated to be valued at US$ 12.41 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing dental practices across the world has been a key factor driving the fluid management system market. According to the American Dental Association’s Health Policy Institute, in 2019 there were around 200,000 actively practicing dentists in the United States alone. This rising number of dentists and dental clinics has fuelled the demand for fluid management systems to maintain high standards of sterilization and infection control. Technological advancements in fluid management systems allowing wireless connectivity and automated functions have also increased their adoption. Product launches catering to specific dental specialties and modernized device design are some key trends in the industry that are expected to support market growth over the forecast period.
SWOT Analysis
Strength: Fluid management systems offer efficiency, ease of use and portability for dental procedures. They help achieve precise water and air control for better dental work.
Weakness: High upfront costs of installation and maintenance of fluid management system units. Lack of awareness about potential benefits in some regions.
Opportunity: Growing dental tourism in developing nations increases scope for fluid management systems use. Regulations on water quality and infection control boost prospects.
Threats: Economic slowdowns can negatively impact purchase decisions of expensive dental equipment. Alternative irrigation methods may emerge.
Key Takeaways
The Global Fluid Management System Market Size is expected to witness high growth. Advancing dental treatments and rising awareness about oral health are driving demands.
Regional analysis: North America dominates currently due to widespread dental insurance coverage and technological advancements. Asia Pacific is projected to show fastest gains owing to increasing medical tourism and expanding middle class populations seeking quality dental care. Countries like India, China and Japan will majorly contribute to regional market revenues.
Key players: Key players operating in the fluid management system market are Dentsply Sirona, Ivoclar Vivadent, Modern Dental, 3M, Glidewell, Danaher, Zirkonzahn, Amann Girrbach, Coltene, Pritidenta. These manufacturers offer a wide variety of dental fluid management devices to meet diverse needs. They also focus on launching technological upgrades for sustainable business growth.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
