SAN FRANCISCO, March 22, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Dental Lights – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 9; Released: February 2022
Executive Engagements: 418
Companies: 38 – Players covered include A-dec, Inc.; DentalEZ, Inc.; DENTSPLY SIRONA Inc.; Dr. Mach GmbH & Co. KG; Flight Dental Systems; KaVo Dental GmbH; Midmark Corporation; Pelton & Crane; Planmeca Oy; Takara Company, Canada, Ltd.; TPC Advanced Technology, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Light Source (LED, Halogen); Mobility (Fixed, Mobile); End-Use (Dental Clinics, Hospitals)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
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Global Dental Lights Market to Reach $595.5 Million by 2026
Dental lights are used in a wide range of dental applications including endodontic surgery, tooth whitening, and oral surgery among others. Globally, dental health is being recognized as a major denominator of overall health, thus driving increasing awareness and demand for orthodontic services. Modern lifestyles such as alcohol consumption, and tobacco usage are also causing more dental issues, leading to a larger patient pool, thus driving the demand for dental services and dental lights. Medical tourism has also been playing a major role in driving demand for dental lights in emerging markets such as India and Thailand. With procedure costs a fraction of what they cost in North America and Europe, an increasing number of patients are flocking to these emerging markets for dental procedures. With dental practices adopting modern and technologically advanced products, dental clinics are expected to drive demand for dental lights. Hospital and dental clinics are the major end-users of dental lights. With dental services being provided mostly by clinics, dental clinics are expected to continue to dominate the dental lights market. With dental practices adopting modern and technologically advanced products, dental clinics are also expected to drive demand for dental lights.
Amid the COVID-19 crisis, the global market for Dental Lights estimated at US$490.1 Million in the year 2022, is projected to reach a revised size of US$595.5 Million by 2026, growing at a CAGR of 4.4% over the analysis period. LED, one of the segments analyzed in the report, is projected to grow at a 4.7% CAGR to reach US$439.7 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Halogen segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 31.1% share of the global Dental Lights market. LED dental lights are preferred over halogen dental lights market owing to various benefits such as low power consumption, and longer life. LED dental lights operate at uniform and cool temperatures throughout their operation, which minimizes the risk of excessive heat causing burns or causing inconvenience to patients.
The U.S. Market is Estimated at $152.5 Million in 2022, While China is Forecast to Reach $59.9 Million by 2026
The Dental Lights market in the U.S. is estimated at US$152.5 Million in the year 2022. The country currently accounts for a 31.04% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$59.9 Million in the year 2026 trailing a CAGR of 6.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$64 Million by the end of the analysis period. North America and Europe are the largest markets for dental lights owing to the high awareness of dental health and support for dental health from payors. Emerging markets such as China and India are witnessing rapid growth in dental practices owing to increasing disposable incomes as well as increasing awareness of dental health, thus driving the demand for dental lights. More
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SOURCE Global Industry Analysts, Inc.