Dental Chair Market is Estimated to Witness High Growth Owing to Rapid Adoption of Advanced Dental Equipment
Dental chairs are specialized chairs used by dentists during dental procedures. These chairs allow dentists to safely and effectively carry out various dental treatments such as preventive examinations, tooth cleaning, tooth extractions, dental fillings, root canal therapy, general dentistry, and other specialized dental treatments. Dental chairs are equipped with advanced features such as movable armrests, backrest adjustment options, dental light, and spittoon to provide an ergonomic posture for patients as well as dentists. Rising incidence of dental disorders coupled with growing focus on aesthetic dentistry are propelling the demand for advanced dental chairs with rapid adoption of digitization in dentistry.
The global Dental Chair Market is estimated to be valued at US$ 2.0 billion in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
One of the major market opportunity is rapid adoption of advanced dental equipment with integration of new technologies. Modern dental chairs are equipped with state-of-the-art features such as automated functional modules, integrated light systems, advanced dental unit systems, and built-in digital x-ray sensors. Incorporation of artificial intelligence (AI) and analytics is improving the workflow and streamlining dental procedures. For instance, dental practices are adopting smart dental chairs integrated with virtual assistants or AI diagnostics to enhance patients experience. Implementation of new technologies in dental chairs will improve clinical outcomes and drive their higher adoption, thereby fueling the growth of dental chair market over the forecast period.
Porter’s Analysis
Threat of new entrants: Low economies of scale, high capital requirements and stringent regulations pose as entry barriers for new players.
Bargaining power of buyers: Buyers have moderate bargaining power since dental chairs have limited brand variations and differentiation.
Bargaining power of suppliers: Existing suppliers have established supply chains and hold expertise in dental chair manufacturing, giving them higher bargaining power.
Threat of new substitutes: No close substitutes exist for dental chairs since they cater to specialized dental applications.
Competitive rivalry: Intense competition exists among existing global and regional players due to technological innovations and expansion into emerging markets.
SWOT Analysis
Strength: Dental chairs offer superior ergonomics, precision control and safety features for dentists. Growing dental tourism and geriatric population drives demand.
Weakness: High costs associated with frequent technological upgrades and maintenance. Supply chain disruptions affect productivity.
Opportunity: Emerging countries offer lucrative growth opportunities due to rising dental expenditure and awareness. Increased adoption of dental Lasers and CAD/CAM represent new avenues.
Threats: Stringent quality and safety regulations increase compliance costs. Economic slowdowns negatively impact the largely discretionary dental chair market.
Key Takeaways
The global dental chair market is expected to witness high growth over the forecast period of 2023 to 2030. The global Dental Chair Market is estimated to be valued at US$ 1.2 billion in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030.
The Asia Pacific region dominates the market currently owing to rising geriatric population, increasing medical tourism and strengthening healthcare infrastructure in many Asian countries. China, India and Japan are some of the fastest growing markets in the region.
Key players operating in the dental chair market are A-Dec Inc., DentalEZ Group, Midmark Corp, Danaher Corporation and Planmeca OY. These players are focusing on expanding their presence in emerging markets through strategic partnerships and acquisition strategies. Product innovation and customized service offerings are helping them gain competitive advantage.
