by Dental turbines are small handpieces attached to dental chairs for performing high-speed procedures such as cavity preparation and tooth smoothing. They offer advantages such as smooth rotational motion allowing for precise cutting and drilling. Rising awareness about oral healthcare and growing disposable incomes have been fueling the demand for various dental procedures. This has propelled the need for dental turbines across clinics and hospitals.
The global Dental Turbine Market is estimated to be valued at US$ 115.9 Mn in 2023 and is expected to exhibit a CAGR of 24% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for dental procedures has been a key growth driver for the dental turbine market. Rising awareness about oral healthcare and disposable incomes have led more people to opt for various procedures such as cavity treatment, dental implants, and whitening which involve the use of dental turbines. Moreover, technological advancements in dental turbines allowing for more precise treatment delivery at faster speeds while ensuring patient comfort have further boosted their adoption rate among dentists. Such benefits offered by new products are expected to continue propelling the demand for dental turbines during the forecast period.
SWOT Analysis
Strength: Dental turbines provide efficient and versatile procedures for dental treatments. They ensure maximum power and control for procedures like scaling and polishing.
Weakness: The high cost of dental turbines limits their adoption, especially in price-sensitive markets. Maintaining and replacing turbine handpieces require additional expenses.
Opportunity: Growing awareness about oral health and rising healthcare expenditure in developing regions present new market opportunities. The increasing prevalence of dental diseases will drive the demand for dental turbines.
Threats: Availability of cheaper alternatives like ultrasonic scalers and micromotors poses competition to dental turbines. Stringent regulations for medical devices also impact product development.
Key Takeaways
Global Dental Turbine Market Growth is expected to witness high growth supported by the rising geriatric population and their increasing dental care needs. The global Dental Turbine Market is estimated to be valued at US$ 115.9 Mn in 2023 and is expected to exhibit a CAGR of 24% over the forecast period 2023 to 2030.
The Asia Pacific region is anticipated to register the fastest growth in the dental turbine market during the forecast period driven by expanding healthcare infrastructure, rising medical tourism, and growing disposable incomes in countries like China and India. North America currently dominates the market owing to the well-established dental industry and infrastructure in the region.
Key players operating in the dental turbine market are BP Plc, Royal Dutch Shell Plc, Total SE, Chevron Corporation, ExxonMobil Corporation, Engie SA, RWE AG, ON SE, Vattenfall AB, Gazprom, Mitsubishi UFJ Financial Group (MUFG), JPMorgan Chase & Co., Goldman Sachs Group, Inc., Citigroup Inc., and Barclays PLC. Key players are focusing on new product launches and geographical expansion to strengthen their market presence. For instance, dental turbine handpieces with advanced features like LED lights and autoclavable capabilities have been introduced.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
