Enlightening Projections | Lights for Dental Healthcare Market to Grow at 5.7% CAGR, Reaching US$ 1.28 Billion by 2033
By 2033, the global market for Lights for Dental Healthcare is anticipated to be worth US$ 1.28 billion, growing at a CAGR of 5.7% from its value of US$ 704.4 million in 2022. This growth is expected to be driven by the increasing popularity of environmentally friendly LED lighting used in dental lights, which are crucial for dentists to diagnose tissues and provide high-quality illumination.
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Growing awareness about oral hygiene and dental treatment, along with a surge in dental health tourism, is expected to fuel the demand for lights for dental healthcare. Countries such as Thailand, Egypt, and India offer affordable dental treatment with strong insurance policies for quality patient care, attracting tourists to seek dental services in emerging economies. Additionally, the cost of dental health services in such nations is substantially lower than in countries like the United States and the United Kingdom, further boosting the demand for dental lights.
The rising prevalence of oral ailments due to poor eating habits, coupled with the increasing patient pool caused by modern habits like alcohol and cigarette use, is expected to drive the demand for dental health services and dental lights. However, the lack of public awareness about dental treatments may impede the growth of dental health clinics.
Moreover, the adoption of new and advanced technological goods by dental clinics is likely to generate demand for dental lights.
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Key Takeaways
- In the year 2021, the lights for the dental healthcare market in the United States are expected to be worth US$147.1 million. In the global market, the country currently holds a 31.04 percent stake.
- China is expected to hold around 11.8% of the global market share in terms of revenue in 2023.
- The halogen lights sub-segment is the second most valuable sub-segment in the product type category, with a projected CAGR of 3.7 percent during the assessment period.
- The need for dental lighting will be driven by a growing senior population suffering from a variety of oral problems such as bleeding gums, gingivitis, and periodontal diseases.
- During the next few years, the dental health clinics market is expected to rise significantly. Dental lights will be in higher demand in dental clinics as more technologically advanced gadgets become available to serve a broader population with optimal patient comfort.
- After a careful examination of the pandemic’s commercial ramifications and the resulting economic crisis, the Halogen segment’s growth is revised to a revised 3.6 percent CAGR for the next seven years. The global lights for the dental healthcare market are now dominated by this category, which holds a 31.1 percent share.
Competition Landscape
A-dec, Inc., DentalEZ, Inc, DENTSPLY SIRONA Inc., Dr. Mach GmbH & Co. KG, Flight Dental Systems, KaVo Dental GmbH, Midmark Corporation, Pelton & Crane, Planmeca Oy, Takara Company, Canada Ltd, TPC Advanced Technology Inc., COLTENE are some of the leading industry participants in the lights for the dental healthcare market. To extend their geographical presence and improve market share, notable company players in this industry are employing a variety of organic and inorganic growth techniques.
More Insights Available
North America holds a significant share of the global dental lights market due to the high prevalence of oral diseases, a growing geriatric population, and advanced healthcare infrastructure. The US is the largest market in this region, with a high demand for technologically advanced dental lights.
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Key Segments
By Light Source:
- LED
- Halogen
By Mobility:
- Fixed
- Mobile
By End Use:
- Dental Clinics
- Hospitals
Key Questions Answered in the Report
- What is the Growth Outlook of the Lights for Dental Healthcare Market?
- What is the Projected Market Value of Lights for Dental Healthcare?
- How is the Lights for Dental Healthcare Market Valuation?
- Which Region Leads the Lights for Dental Healthcare Market?
- What Factors lead to Lights for Dental Healthcare Market Expansion?
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