Outlook on Canada’s Dental Devices Market - Growth, Trends & Forecasts, 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 2, 2019--
The “Canada Dental Devices Market - Growth, Trends, and Forecasts (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The Canadian market for dental devices is expected to register a CAGR of 6.6% during the forecast period, 2019 to 2024.
Factors that are responsible for the growth of the market are the growing aging population in the country, increasing demand for cosmetic dentistry, and increasing incidence of dental diseases.
Due to the increasing aging population, there has been an increase in the number of dental implants and oral surgeries being performed. In addition, there is a decrease in manual dexterity and an increase in comorbidity and medications affecting the oral cavity. Hence, dental care in aged care facilities is found to be poor, and access to dental professionals is difficult. There are several other risk factors, such as smoking, poor oral hygiene, diabetes, medication, and hereditary conditions, which are also connected to the increase in dental diseases.
It has been observed that the aging population of Canada is increasing steadily since the past 40 years. It is estimated that 23% and 25% of the total population of Canada will be aged above 65 by the year 2036, as per the report published by the Government of Canada. This rise in the aging population will ultimately cause a rise in the prevalence of dental disorders which will boost the growth of the market studied.
Prosthodontic Equipment is Expected to Have the Highest Market Share in the Treatment Segment
In the treatment segment of the market, prosthodontic equipment is anticipated to have the largest market share, over the forecast period. As prosthodontic dentistry has numerous count of tools that are used for dental corrections, there is a wide application of prosthodontic equipment. There is an increasing demand for dental prostheses in developed nations, due to the rising number of people getting older.
Another factor that is augmenting the growth of prosthodontic equipment in Canada is increasing attention given to the appearance, by Canadian people, making them compulsive to go for prostheses in case of dental issues that require one.
Owing to the aforementioned factors, the prosthodontic segment of the dental equipment market is expected to grow.
The Canada Dental Devices market is moderately competitive and consists of the big players along with some of the local players. However, it is observed that the global players that are present in Canada are holding the largest share of the market when compared to that of local players.
With the growing R&D investment and the technological advances, new companies are expected to come into the market in near future and product innovation is believed to help such companies hold a substantial share in Canadian dental devices market.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Ageing Population
4.2.2 Increasing Demand for Cosmetic Dentistry
4.2.3 Increasing Incidence of Dental Diseases
4.3 Market Restraints
4.3.1 Increasing Cost of Surgeries
4.3.2 Lack of Proper Reimbursement of Dental Care
4.4 Porter’s Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Dental Implant
5.1.2 Crown and Bridge
5.1.3 Dental Laser
22.214.171.124 Soft Tissue Lasers
126.96.36.199 Hard Tissue Lasers
5.1.4 Radiology Equipment
5.1.5 Dental Biomaterial
5.1.6 Dental Chair and Associated Equipment
5.1.7 Dental Consumables
5.1.8 Other Dental Devices
5.2 By Treatment
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.2 A-Dec Inc.
6.1.3 Biolase Inc.
6.1.4 Carestream Health Inc.
6.1.5 Danaher Corporation
6.1.6 Dentsply Sirona
6.1.7 Patterson Companies Inc.
6.1.8 Planmeca Oy
6.1.9 Midmark Corp.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/xhyz0p
View source version on businesswire.com:https://www.businesswire.com/news/home/20191202005734/en/
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KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: DENTAL HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 12/02/2019 11:56 AM/DISC: 12/02/2019 11:56 AM