Dental Turbine Market Is Estimated To Witness High Growth Owing To Growing Cases Of Dental Diseases
Dental turbines are air-driven rotary instruments used in dental procedures such as cavity preparation, tooth cutting, and polishing, among others. These dental turbines feature mechanically or electrically operated air turbines that drive various dental handpieces to perform routine dental procedures. Some key functions of dental turbines include cavity preparation, drilling, polishing, cleaning, and scaling of teeth. The dental turbines market has witnessed significant growth in recent years owing to rising incidences of dental caries and other dental diseases caused by changing lifestyle and dietary patterns.
The global dental turbine market is estimated to be valued at US$ 115.9 Mn in 2023 and is expected to exhibit a CAGR of 24% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the primary drivers fueling the dental turbine market growth over the forecast period is the growing cases of dental diseases, disorders, and injuries. As per the World Dental Federation, oral diseases affect approximately 3.9 billion people worldwide with dental caries being one of the most prevalent dental conditions experienced by children and adults alike. Frequent dental caries and subsequent tooth loss are associated with poor dietary habits, lack of oral hygiene, and changing lifestyle patterns. As incidence of dental problems and demand for dental treatments continues to surge, manufacturers are focusing on developing innovative dental turbines with new functionalities and features to aid in quick and efficient management of dental procedures. Apart from this, sustained investments by key dental turbine companies in R&D initiatives to upgrade existing product offerings are also expected to fuel market revenue growth over the next few years.
SWOT Analysis
Strength: The dental turbine market has strong growth potential due to advancements in dental equipment technology. Many new dental turbines are compact, durable and offer variable speed options to suit different procedures. They allow dentists to perform procedures efficiently with precision. The integration of new features like updated torque control enhances procedures.
Weakness: High costs associated with dental turbines can limit their adoption especially in price sensitive markets. Frequent equipment upgrades needed to maintain technology keep operational costs high. Dental turbines also require skilled personnel for operations and maintenance.
Opportunity: Growing demand for cosmetic and restorative dentistry from an aging population drives the need for efficient dental tools. The rising awareness about oral healthcare in emerging nations opens new markets. Adoption of digital technologies enables remote guidance and training, lowering costs.
Threats: Threat of substitutes like ultrasonic scalers and air abrasion systems. Economic slowdowns can impact discretionary dental spending. Stringent regulatory norms and lengthy product approval times also affect market revenue.
Key Takeaways
The Global Dental Turbine Market Share is expected to witness high. The global dental turbine market is estimated to be valued at US$ 115.9 Mn in 2023 and is expected to exhibit a CAGR of 24% over the forecast period 2023 to 2030.
Regional analysis related content comprises the Asia Pacific region dominates and is projected to grow at the fastest rate due to large patient pools and increased healthcare investments in countries like India and China.
Key players operating in the dental turbine market are BP Plc, Royal Dutch Shell Plc, Total SE, Chevron Corporation, ExxonMobil Corporation, Engie SA, RWE AG, ON SE, Vattenfall AB, Gazprom, Mitsubishi UFJ Financial Group (MUFG), JPMorgan Chase & Co., Goldman Sachs Group, Inc., Citigroup Inc., and Barclays PLC.
Get more insights on this topic: https://www.newswirestats.com/dental-turbine-market-size-and-share-analysis-growth-trends-and-forecasts-2023-2030/
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