Dental Sterilization Market Growth & Trends
The global dental sterilization market size is estimated to reach USD 1.91 billion by 2026, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.3% during the forecast period. Increasing prevalence of dental conditions, growing number of dental care personnel, and rising number of dental facilities are anticipated to drive the market.
Rising number of dental surgical procedures and increasing efforts to infection control and prevent cross-infection by instruments are stimulating the growth of the market. Market players are also continuously involved in introducing new products, which is expected to positively influence the growth of the market. For instance, the introduction of AdvantaClear surface disinfectant by Hu-Friedy, which kills pathogens in one-minute.
Key players operating in the market are using different strategies such as new product development, acquisitions, partnerships, joint ventures, and agreements to strengthen their foothold in the market space.
Moreover, the dental sterilization market in developed economies, such as U.S., Germany, France, and Australia, is comparatively mature owing to the domicile of several key market players belonging to these countries and high demand for such products among end users.
On the other hand, developing Asian and Latin American countries, currently, have a moderate adoption of these products. Economic growth and rising disposable income in these countries are likely to propel the market. Manufacturing companies are investing in these rapidly developing markets in order to tap into the potential, provided pricing and distribution activities are undertaken efficiently.
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Dental Sterilization Market Report
Dental Sterilization Market Report Highlights
- The consumables and accessories segment represented more than one fourth of the market revenue in 2017. These products are often disposed of after single use, which makes their life cycle short and frequency of purchase high
- Asia Pacific is poised to be the most promising destination for global market players. Emerging countries such as India and China are offering numerous opportunities to market players due to increasing number of dental clinics and hospitals
- Some of the key companies present in the market are Hu-Friedy, Dentsply Sirona, Crosstex, Midmark, Matachana Group, W&H, Getinge, Nakanishi, Scican, and Tuttnauer.
