Dental Autoclave Market is Estimated To Witness High Growth Owing To Increased Demand for Dental Sterilization
The Dental Autoclave Market is estimated to be valued at US$ 284.4 Mn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
A dental autoclave is a device used to sterilize dental and medical instruments using high-pressure steam at elevated temperatures. It is widely used in dental clinics and hospitals to sterilize dental and medical tools to prevent the spread of infection. The increasing prevalence of dental diseases and growing dental tourism are fueling the demand for dental autoclaves.
Market key trends:
One of the major trends fueling the growth of the dental autoclave market is the rising focus on sterilization and disinfection in dental clinics. Proper sterilization of dental tools and equipment is essential to prevent cross-contamination between patients. Government regulations are also emphasizing on effective disinfection and sterilization protocols in dental clinics. For instance, Centers for Disease Control and Prevention (CDC) has issued guidelines for sterilization and disinfection of dental tools. Moreover, the growing awareness about dental health and emerging dental tourism are further propelling the demand for dental autoclaves to ensure effective disinfection. Advanced autoclaves with automated functions and sensors are also gaining popularity in modern dental clinics.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the dental autoclave market is moderate as it requires substantial investments and stringent regulations for product development and approval.
Bargaining power of buyers: The bargaining power of buyers in the dental autoclave market is high as the products offered are differentiated and buyers can switch between brands easily.
Bargaining power of suppliers: The bargaining power of suppliers in the dental autoclave market is moderate as the raw materials required are commoditized.
Threat of new substitutes: The threat of new substitutes in the dental autoclave market is low as autoclaves are essential sterilization equipment with no close substitutes.
Competitive rivalry: High.
SWOT Analysis
Strength: Dental autoclaves offer standardized sterilization of dental tools and instruments. They provide accurate temperature and pressure control for effective sterilization.
Weakness: High cost of technologically advanced autoclaves. Safety issues regarding potential explosion due to over pressurization.
Opportunity: Growth in dental tourism and rising dental expenditure in developing nations. Adoption of refurbished and table-top autoclaves in dental clinics.
Threats: Stringent product approval process increases entry barriers. Risks of product recalls due to safety non-compliances.
Key Takeaways
The Global Dental Autoclave Market Size was valued at US$ 284.4 Mn in 2021 and is expected to reach US$ 409.8 Mn by 2030, growing at a CAGR of 3.1% during the forecast period. The market growth can be attributed to the increasing prevalence of dental diseases and rising dental tourism.
Regionally, North America dominated the dental autoclave market in 2021 with a share of over 35%, followed by Europe. This is owing to well-established healthcare infrastructure, high percentage of dental practitioners and patients’ awareness regarding dental care.
Key players operating in the dental autoclave market are Coltene Holding, Mocom, Dentsply Sirona, Euronda, W&H Dentalwerk, Midmark Corporation, Getinge AB, Tuttnauer, Shinva Medical Instrument Co. Ltd., and MELAG Medizintechnik GmbH & Co. KG, among others. These players are focusing on new product launches and strategic collaborations to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
