Earlier people had fear about dental treatments, because of bad experiences in treatments. But nowadays, as the technology has improved, there is a huge improvement in patient comfort and less pain during the treatments. so people are coming forward to get dental treatments.
So the demand for dental equipments is also increasing. According to a report by Life Science Intelligence, the global medical device and diagnostics (MD&D) industry generated nearly 286 billion dollar revenues in the year 2007. It also mentioned that this growth was also seen in 2008.
According to the PR Newswire, there is an estimation that the global equipment and consumable market would be increased to the 27.6 billion dollars by 2015. The compound annual growth rate would be 7 percent. There is a estimation that dental implants and dental bio-materials would grow by 10.5 percent by 2015. It clearly states that the demand for dental equipments would be increased in future. The advancement in technology is the main driving factor to increasing demand of the dental equipments across the world.
With the growing prevalence of age-related diseases, it is estimated that a substantial market gains in MD&D are awaiting in the future.