Dental Autoclave Market to Witness High Growth Owing to Rising Number of Dental Clinics
The global dental autoclave market witnesses a significant rise in demand from the burgeoning dental care industry. A dental autoclave is an essential instrument employed for sterilizing dental equipment before usage to avoid cross-contamination between patients. The increasing prevalence of dental caries and other dental diseases has propelled the number of dental clinics worldwide. As per data, the number of dental practitioners has increased by over 18% from 2012 to 2019. This rising number of dental clinics induces high requirement for autoclave for sterilizing dental tools, increasing the dental autoclave market size.
Global Dental Autoclave Market is estimated to be valued at US$ $2.42 Billion in 2024 and is expected to exhibit a CAGR of 6.30% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the dental autoclave are Midmark Corporation, Tuttnauer, W&H Dentalwerk International, Sirona Dental Systems, and Straumann. These prominent players account for over 65% share of the global market.
The rising geriatric population prone to Dental Autoclave Market Demand medical tourism in low-cost dental care countries offer lucrative growth opportunities. Furthermore, product innovations like portable tabletop autoclaves and automatic autoclaves with less manual intervention are gaining traction.
Geographically, North America dominates the dental autoclave market owing to developed healthcare infrastructure and rising dental expenditure. However, Asia Pacific exhibits the fastest growth led by China, India, and Japan on account of booming medical device industry and growing medical tourism.
Market Drivers
Increasing prevalence of dental diseases - Conditions like dental caries, periodontitis and oral cancers have significantly risen globally. This growing incidence of dental disorders propels the demand for sterilized dental instruments, driving the autoclave market.
Rising dental expenditure - Improving economic conditions, increasing disposable incomes and growing medical insurance coverage have elevated dental expenditure globally. This enhances adoption of advanced dental equipment like autoclaves.
Market Restraints
High costs associated with autoclave purchasing and maintenance - Dental autoclaves have high acquisition and servicing costs which restraints its adoption in budget-constrained settings.
Lack of reimbursement coverage in some nations - Absence of universal healthcare policies covers dental specialty in developing regions hampers autoclave affordability to an extent.
Segment Analysis
The global dental autoclave market is dominated by tabletop autoclaves sub segment. Tabletop autoclaves holds around 60% market share as they are compact, portable, affordable and provides adequate sterilization for general dental practices. Benchtop autoclaves being compact in size and easily movable are preferred by most dental clinics. The other major segments are horizontal and vertical steam autoclaves which hold longer sterilization cycles for high volume practices and hospitals. Vertical steam autoclaves are ideal for large sterilization loads but require more space.
Global Analysis
North America dominates the global dental autoclave market with over 30% share. Presence of large number of dental clinics, hospitals and growing dental tourism are driving the market in the region. Europe is the second largest market followed by Asia Pacific. Asia Pacific dental autoclave market is witnessing fastest growth during the forecast period due to growing dental healthcare infrastructure, increasing disposable incomes and expanding medical tourism industry in countries like India, China and Japan.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)