Global Dental Equipment Market 2014 - 2019

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GLOBAL DENTAL EQUIPMENT MARKET 2014 - 2019 Market Shares, Forecasts & Trends

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TABLE OF CONTENTS 1. INTRODUCTION

1

1.1 Report Description

1

1.2 Research Methodology

2

1.2.1 Market Size and Share

2

1.2.2 Markets Covered

3

1.3 Stakeholders

4

2. EXECUTIVE SUMMARY5

5

3. MARKET LANDSCAPE

6

3.1 Market overview

6

3.2 Market Size and Forecast

7

3.3 Market Dynamics

8

3.3.1 Market Drivers

8

3.3.1.1 Growing medical and Dental Tourism in Developing Countries

8

3.3.1.2 Increase in ageing population

9

3.3.1.3 Rising demand for Cosmetic Dentistry

10

3.3.1.4 Low dental implant penetration rate

11

3.3.1.5 Global Economic growth

12

3.3.1.6 Emerging markets

13

3.3.2 Market Restraints

14

3.3.2.1 Lack of proper reimbursement

15

3.3.2.2 Lack of awareness

16

3.3.2.3 Apathy Towards Dental Care In Developing Nations

18

3.3.3 Market Opportunities

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3.3.3.1 Dental disorders on a rise

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3.3.3.2 Low penetration rates for new technologies

20

3.3.4 Market Challenges

21

3.3.4.1 High cost of treatment

21

3.3.4.2 Regulatory risk

22

3.3.4.3 Significant barriers to entry

23

3.3.5 Porter’s Five Forces Analysis

24

3.3.5.1 Bargaining Power Of Suppliers

24

3.3.5.2 Bargaining Power Of Buyers

25

3.3.5.3 Threat Of New Entrants

25

3.3.5.4 Threat Of Substitutes

26

3.3.5.5 Competitive Rivalry

26

4. Market Segmentation

27

4.1 Market Segmentation, By type of Products 4.1.1 General and Diagnostic Equipment Market

27 28

4.1.1.1 Systems and parts

28

4.1.1.2 Dental Implants

29

4.1.1.3 Crown and Bridges

30

4.1.1.4 Dental Lasers

31

4.1.1.5 SOFT TISSUE LASERS

32

4.1.1.5.1 Gas Lasers

32

4.1.1.5.2 Solid State Lasers

33

4.1.1.5.3 Diode Lasers

34

4.1.1.6 ALL (HARD/SOFT) TISSUE LASER MARKET 4.1.1.6.1 Solid state lasers 4.1.2 Radiology Equipment

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4.1.2.1 EXTRA-ORAL RADIOLOGY EQUIPMENT

36

4.1.2.2 Panoramic X-ray unit

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4.1.2.3 Cephalometric X-ray unit

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4.1.2.4 INTRA-ORAL RADIOLOGY EQUIPMENT

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4.1.2.5 Photostimulable Phosphor (PSP) systems

40

4.1.2.6 Digital sensors

41

4.1.2.7 CONE BEAM COMPUTED TOMOGRAPHY (CBCT) 41 SCANNERS 4.1.3 Dental Biomaterial

42

4.1.4 Dental Chairs and equipment

43

4.2 Treatment Based Devices Market

44

4.2.1 Orthodontic

45

4.2.2 Endodontic

45

4.2.3 Peridontic

46

4.2.4 Prosthodontic

47

4.3 Other Dental Device Markets

48

4.3.1 Laboratory machines and accessories

48

4.3.2 Hygiene maintenance

49

4.3.3Retail dental care essentials

50

4.4 Dental Consumables markets

5. Market Segmentation, By Geography

51

52

5.1 INTRODUCTION

52

5.2 AMERICAS

53

5.2.1 U.S.

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5.2.2 CANADA

55

5.2.3 BRAZIL

56

5.2.4 MEXICO

57

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5.2.5 REST OF AMERICA 5.3. EUROPE

58 59

5.3.1 GERMANY

59

5.3.2 FRANCE

60

5.3.3 U.K.

61

5.3.4 ITALY

62

5.3.5 SPAIN

63

5.3.6 RUSSIA

64

5.3.7 REST OF EUROPE (ROE)

65

5.4 ASIA

66

5.4.1 INDIA

66

5.4.2 CHINA

67

5.4.3 JAPAN

68

5.4.4 SOUTH KOREA

69

5.4.5 REST OF ASIA (ROA)

70

5.5 REST OF WORLD (ROW)

6. COMPETITIVE LANDSCAPE

71

72

6.1 INTRODUCTION

72

6.2 MERGERS & ACQUISITIONS

73

6.3 AGREEMENTS & COLLABORATIONS

74

6.4 NEW PRODUCT DEVELOPMENTS

75

6.5 OTHER DEVELOPMENTS

76

6.6 MARKET SHARE ANALYSIS

77

7.Strategies of Top Players in Market 7.1 Straumann

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7.2 Dentsply

80

7.3 Zimmer

81

7.4 BIOLASE Inc.

82

7.5 Danaher Corp.

83

7.6 Sirona Dental Systems Inc.

84

7.7 PlanmecaOy

85

8. COMPANY PROFILES

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8.1 HENRY SCHEIN INC

86

8.1.1 OVERVIEW

86

8.1.2 FINANCIALS

87

8.1.3 PRODUCTS & SERVICES

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8.1.4 STRATEGY

88

8.1.5 DEVELOPMENTS

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8.2 HU-FRIEDY MFG. CO

89

8.2.1 OVERVIEW

89

8.2.2 FINANCIALS

89

8.2.3 PRODUCTS & SERVICES

90

8.2.4 STRATEGY

90

8.2.5 DEVELOPMENTS

90

8.3 IVOCLAR VIVADENT AG

91

8.3.1 OVERVIEW

91

8.3.2 FINANCIALS

92

8.3.3 PRODUCTS & SERVICES

93

8.3.4 STRATEGY

94

8.3.5 DEVELOPMENTS

95

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8.4 MIDMARK CORPORATION

96

8.4.1 OVERVIEW

96

8.4.2 FINANCIALS

97

8.4.3 PRODUCTS & SERVICES

97

8.4.4 STRATEGY

98

8.4.5 DEVELOPMENTS

99

8.5 NAKANISHI INC

100

8.5.1 OVERVIEW

100

8.5.2 FINANCIALS

101

8.5.3 PRODUCTS & SERVICES

102

8.5.4 STRATEGY

103

8.5.5 DEVELOPMENTS

103

8.6 PATTERSON COMPANIES INC.

104

8.6.1 OVERVIEW

104

8.6.2 FINANCIALS

104

8.6.3 PRODUCTS & SERVICES

105

8.6.4 STRATEGY

105

8.6.5 DEVELOPMENTS

106

8.7 PLANMECA OY

107

8.7.1 OVERVIEW

107

8.7.2 FINANCIALS

108

8.7.3 PRODUCTS & SERVICES

108

8.7.4 STRATEGY

109

8.7.5 DEVELOPMENTS

109

8.8 SIRONA DENTAL SYSTEMS INC 8.8.1 OVERVIEW

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8.8.2 FINANCIALS

111

8.8.3 PRODUCTS & SERVICES

112

8.8.4 STRATEGY

112

8.8.5 DEVELOPMENTS

113

8.9 SYBRON DENTAL SPECIALTIES INC.

114

8.9.1 OVERVIEW

114

8.9.2 FINANCIALS

115

8.9.3 PRODUCTS & SERVICES

116

8.9.4 STRATEGY

117

8.9.5 DEVELOPMENTS

117

8.10 ULTRADENT PRODUCTS INC

118

8.10.1 OVERVIEW

118

8.10.2 FINANCIALS

119

8.10.3 PRODUCTS & SERVICES

119

8.10.4 STRATEGY

120

8.10.5 DEVELOPMENTS

120

8.11 YOUNG INNOVATIONS INC

121

8.11.1 OVERVIEW

121

8.11.2 FINANCIALS

122

8.11.3 PRODUCTS & SERVICES

123

8.11.4 STRATEGY

124

8.11.5 DEVELOPMENTS

124

9. Appendix

125

9.1. Abbreviations

125

9.2. Sources

126

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9.3. Bibliography

127

9.4. Disclaimer

128

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RESEARCH METHODOLOGY 1) Secondary Research: Information was collected from a number of public and paid data sources. Public sources involved Government websites, publications from the dental health programs of different countries, company annual reports, white papers and research publications by recognized industry experts. Paid data sources include authentic industry databases.

2) Primary Research: After collecting data from secondary sources, primary interviews were conducted with stakeholders at different points of the dental equipments manufacturers, distributors, ingredient suppliers, companies manufacturing dental equipments and key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill any gaps in data.

3) Market Analysis: The market analysis phase involves analyzing the collected data, market breakdowns and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at a close estimate.

4) Expert Validation: The market analysis data is verified and validated by a number of experts, both in-house and external.

5) Report Writing: After the data is curated through the process, our analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire business ecosystem in a single report.

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MARKET DEFINITION Dental equipment finds application in a dental office for diagnosis and treatment of various dental ailments such as caries and gingival disease. With advancements in technology and materials, there is an increased demand for restorative and cosmetic dentistry. As a result, there currently is a great demand for dental equipments. The dental equipment segment consists of basic equipment such as dental chairs, units, lights, and cabinetry, as well as high-tech dental equipment including dental CAD/CAM systems, digital radiography, 3D imaging systems, and lasers. Dentistry has been around for hundreds of years, but, digital X-ray is now widely considered the gold standard of patient imaging. Still, there are many practices that have yet to adopt this safer and more cost-effective method. More companies are attempting to enter the digital dentistry market as it holds vast opportunities for the growth of dental equipment market. Growing awareness and patient empowerment have led to demand for better dental facilities at affordable prices. Dental lasers used for treating gums are being gradually accepted owing to their features such as reduced light exposure, short healing time, no requirement of anesthesia and portability due to its small size. Major players in the global dental equipment market include Danaher Corporation (U.S.), Sirona Dental Systems (U.S.), Planmeca Oy (Finland), A-Dec Inc. (U.S.), BIOLASE Technology Inc. (U.S.), Midmark Corporation (U.S.), Nakanishi Inc. (Japan) etc.

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MARKET OVERVIEW Growing awareness and patient empowerment have led to demand for better healthcare facilities at affordable prices. In addition, growing global awareness about the dentistry is also feeding the growth of the dental equipment market. In 2013, North America was the leader in terms of market share and revenue generated from the dental equipment. The reason behind the fast growth is attributed to adoption of advanced technologies like CAD/CAM, along with relatively higher dental-health awareness across the population. Talking about the potential market share holders, India’s dental market is vast and is expected to become one of the largest single countries for dental products and materials. There are more than 1, 80,000 dental professionals in India, 297 dental institutes and over 5,000 dental laboratories. 15 million people in the U.S. have crown and bridge replacements for missing teeth. The estimated US market for dental implants is $ 1.8 billion in 2014. In 2008, the U.S. total dental products and services spending was $102.4 billion and are expected to grow at about 6 percent annually through 2019. The global dental equipment market was valued at $5.6 billion in 2014 and is expected to grow at a CAGR of 6.5 % from 2014 to 2019.

Global Dental Equipment Market 9.00 8.00 7.00 $ billion

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DATA HIDDEN FROM VIEW

5.00 4.00 3.00 2.00 1.00 0.00 2011

2012

2013

2014

2019

Source: Mordor Intelligence Analysis

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MARKET DRIVERS RISING DEMAND FOR COSMETIC DENTISTRY One of the main factors considered to drive the dental equipment market is the shifting dynamics of patient's choice and the increase in demand for cosmetic dentistry. Dentist practicing as well as dental equipment market has been affected by the recent increase in demand for cosmetic procedures. A significant increase in the amount of dollars spent on cosmetic dentistry has been seen in the past five years. According to a recent American Academy of Cosmetic Dentistry (AACD) survey, most procedures have experienced phenomenal growth of around 200 percent. Nonmetallic inlays/onlays lead the way with an increase of 380 percent. In cosmetic dentistry, dental implants are considered to be the key component for growth. Women constitute the major population to have had cosmetic dentistry than men. Londoners are still the most (28%) likely to have had cosmetic dentistry with white fillings and bonding/veneers or implants holding the major market share.

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MARKET SEGMENTATION- BY GEOGRAPHY EUROPE DENTAL EQUIPMENT MARKET Europe dental implants market is estimated to reach US$ 2.5 Billion by 2021 with a healthy CAGR. Demand for dental implant treatment continues to be fuelled by the ageing population. Demand for dental implant will continue to grow at a compound annual growth rate of 1.5% until 2021. Germany is the largest market, worth over US$ 350 million in 2012 and is almost equivalent to France and Spain combined. Talking about Italian dental industry, it has given a strong reputation in research and quality among international professionals with an excellent design. The manufacturing section was growing until 2008 crisis which caused a 4% decrease in the market value. Dental practice equipment was â‚Ź190.2 million in 2012, while consumables for dental practice were approximately â‚Ź135.4 million. Among the products that are rapidly gaining momentum, digital technologies have the leading role.

Europe Dental Implant Market 2.50

$ billion

2.00 1.50

DATA HIDDEN FROM VIEW

1.00 0.50 0.00 2011

2012

2013

2014

2019

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In country wise analysis, Europe dental implant market is dominated by Germany accounting 22% of the market followed by UK and Italy. Spain and France have the lowest growth rates as both countries suffer from either low GDP growth or high unemployment rates along with overall concerns regarding unsustainable national debts.

Europe Dental Implant Market

Spain

Italy

Source: Mordor Intelligence Analysis

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COMPANY PROFILES SIRONA DENTAL SYSTEMS, INC. HEADQUARTERS

Sirona Dental Systems, Inc. 30 30 47th Ave, Suite 500 Long Island City NY 11101 USA T +1 718 482-2011 F +1 718 937-5962

INTRODUCTION Sirona Dental Systems, Inc. develops, manufactures, and markets dental equipment for dentists worldwide. It operates in four segments: Dental CAD/CAM Systems, Imaging Systems, Treatment Centers, and Instruments. The Dental CAD/CAM Systems segment addresses the market for various dental restorations, such as inlays, onlays, veneers, crowns, bridges, copings, and bridge frameworks made from ceramic, metal, or composite blocks. This segment offers the CeramicREConstruction, an inoffice application that enables dentists to produce restorations from ceramic material and insert them into the patient’s mouth during a single appointment; inLab restoration fabrication systems and the extra-oral inEos scanners for dental laboratories; and central manufacturing services for copings and bridge-frameworks. The Imaging Systems segment provides a range of digital equipment for diagnostic imaging in the dental practice. This segment develops imaging systems for 2D and 3D, panoramic, and intra-oral applications. The Treatment Centers segment offers various products from basic dentist chairs to chair-based units with integrated diagnostic, hygiene, and ergonomic functionalities, as well as specialist centers used in preventative treatment and for training purposes. The Instruments segment

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provides handheld and power-operated handpieces for cavity preparation, endodontics, periodontology, and prophylaxis, as well as multi-function tips, supply and suction hoses, and care and hygiene systems for instrument preparation. The company distributes its products to dental practices, clinics, and laboratories through an international network of approximately 480 distributors. Sirona Dental Systems, Inc. was founded in 1882 and is headquartered in Long Island City, New York.

FINANCIALS Sirona Dental Systems, Inc. generated revenue of about $1.1 billion for the year 2013. This was a 12.80% increase in revenue compared to the year 2012 where the revenue generated was about $0.976 billion. PRODUCTS & SERVICES 

SIROInspect: SIROInspect is used for a safe and secure monitoring of caries.

T1 Line: The high-quality straight and contra-angle hand piece series of the T1 LINE convince with ergonomic design and behave light as a feather, thanks to its titanium sleeves. This ensures fatigue-free work and precise results.

T3 Turbines: The titanium-coated turbines of the Economy class are easy to clean and have a good grip. Up to 23 watts of power and ceramic ball bearings ensure efficient work for a long time. The all-rounder T3 Boost supports efficiently during all your work, while the T3 mini is particularly beneficial when you are working in the molar region.

Sirona LED: The Sirona LED for instruments has significantly improved treatment conditions for dental practitioners. The combination of intense brightness, true-to-life color reproduction and even illumination provides ideal lighting for treatment inside the oral cavity.

SPRAYVIT: The innovative multifunctional syringe from Sirona. With its optional precision lighting, integrated heating and rotatable nozzle, SPRAYVIT can optimally adjust to your needs.

ORTHOPHOS XG 3D: ORTHOPHOS XG 3D is precisely tailored to the everyday routines of private practices: it can capture the patient's whole jaw in a single span. The field of view is large

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enough to avoid the stitching of several 3D x-ray images and thus multiple exposure to radiation. 

XIOS XG Supreme Sensor: The new XIOS XG Supreme Sensors facilitate modern intraoral x-rays at the highest level. This is provided by the outstanding image quality thanks to the cesium iodide layer and dynamic focus. But it is also the WiFi option, which facilitates workflow with wireless image transfer, and the easy-to-change cable that take the XIOS XG Supreme to the lead position.

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