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| Dental Turbine Market Growth |
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 13.% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market Overview:
Dental turbines are high-speed handpieces used by dentists during procedures like
cutting, shaping and polishing teeth. They produce rotational motion from
compressed air allowing dentists to work safely and efficiently. The turbines
come equipped with a contra angle head that allows enhanced control and greater
access to treatment areas. Their versatility, precision and ergonomic design
make them a preferred solution for a variety of procedures. With advancements
like improved speed controls, better ergonomics and LED lights, modern turbines
offer dentists greater control, visibility and ease of use. This is driving
their increased adoption over other dental handpiece technologies.
Market key trends:
One of the key trends in the dental turbine market is the growing popularity of
LED-lit and fiber optic turbines. LED lights provide better illumination of the
oral cavity compared to halogen lights, allowing for more precise procedures.
Fiber optic technology transmits light more efficiently along slimmer
handpieces for optimized illumination. Manufacturers are also focusing on enhancing
ergonomics, speed controls and durability of turbines. Wireless technologies
that eliminate water lines are another emerging trend. Strong demand from
educational institutions and corporate dental clinics is also fueling market
revenues. Advanced turbines with supplementary features like piezo-scaling and
air abrasion are further expanding application scope.
Porter's Analysis
Threat of new entrants: The Dental
Turbine Market Growth requires high initial investment costs for
R&D, manufacturing facilities, and product approval procedures which poses
a barrier for new companies.
Bargaining power of buyers: The bargaining power of buyers is moderate as the
market is fragmented with presence of many global and regional players. Buyers
can negotiate on pricing but quality and innovations are also important
decision factors.
Bargaining power of suppliers: The bargaining power of suppliers is low due to
availability of component suppliers. However, supplier concentration is
moderate for certain components which can impact supplier bargaining power.
Threat of new substitutes: There is low threat from substitutes as dental
turbines have no close substitute with similar efficiencies for dental
procedures. Developments in technologies may bring newer substitutes but turbine's
established market position offers advantages.
Competitive rivalry: Intense competition exists between major global brands and
local manufacturers in pricing and product innovations.
Key Takeaways
The global dental turbine market size is expected to witness high growth,
exhibiting CAGR of 13% over the forecast period, due to increasing prevalence
of dental diseases and rising dental tourism.
Regionally, Asia Pacific dominates the global market and is estimated to grow
at fastest pace owing to rapidly growing geriatric population suffering from
various oral health issues and increasing medical tourism in countries such as
India, Thailand and Malaysia. China represents major opportunities with
increasing oral healthcare expenditure.
Key players operating in the dental turbine market are KaVo Dental, Nakanishi
inc., Foshan Gladent medical instrument Co.,Ltd, TEALTH FOSHAN MEDICAL
EQUIPMENT CO., LTD, Chirana, coxo Medical Instrument Co., Ltd., Dabi Atlante,
Carlo De Giorgi, Henry Schein, Inc., DENTALEZ, Inc., Aseptico Inc., Sinol
Dental Limited., Guilin Woodpecker Medical Instrument Co.,Ltd., MDK Dental,
Beyes, NINGBO HPDOVE DENTAL INSTRUMENTS CO., LTD., Ivoclar Vivadent Pty Ltd.
Major players are focusing on new product launches and geographic expansion to
enhance their market presence.
Read More: https://www.rapidwebwire.com/dental-turbine-market-scope/