by The global Dental Caries Detectors Market is estimated to be valued at US$ 323.44 Bn in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental caries detectors are devices that help in detection of dental caries or cavities. The rising awareness about oral hygiene and increasing concern regarding dental aesthetics is expected to drive the growth of the market. Dental caries detectors help dentists to accurately diagnose decay at early stages, thus allowing for preventive treatment. This reduces the need for extensive dental procedures like fillings or tooth extractions. Dental caries detectors use different technologies like fluorescence, transducer, and laser based detection methods to detect dental caries.
Market key trends:
One of the key trends in the dental caries detectors market is the growing adoption of laser fluorescence based dental caries detection devices. These devices use laser fluorescence technology to detect demineralization of enamel and dentin at early stages. The non-invasive and accurate nature of these devices is boosting their adoption among dentists. Manufacturers are also focusing on development of portable dental caries detectors to enable usage outside dental clinics. Integration of new technologies like AI is also expected to drive innovation in dental caries detection devices.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low as significant capital investments are required to establish a manufacturing facility for dental caries detectors. The market is already dominated by major global players.
Bargaining power of buyers: The bargaining power of buyers is high as the dental caries detectors market offers a huge variety of products from different brands. Buyers can easily switch between brands based on product quality and price.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to the availability of raw materials from a large number of suppliers in the market. However, switching costs are low for buyers if they change suppliers.
Threat of new substitutes: There is low threat from substitutes as dental caries detectors hold a unique position for dental professionals and patients to diagnose cavities and monitor treatment progress effectively.
Competitive rivalry: The competitive rivalry is high among the major players operating in the market. Players compete based on product innovation, quality, and pricing.
Key Takeaways
The Global Dental Caries Detectors Market Size is expected to witness high growth, exhibiting CAGR of 8.1% over the forecast period, due to increasing prevalence of dental caries and rising awareness regarding oral healthcare.
North America dominates the dental caries detectors market owing to high dental healthcare spending and availability of advanced technologies. Asia Pacific exhibits fastest growth in the market ascribed to growing cases of dental diseases and improvements in healthcare infrastructure in developing nations.
Key players operating in the dental caries detectors market are DEXIS (KaVo Kerr), Sirona Dental Systems (now part of Dentsply Sirona), Danaher Corporation, ACTEON Group, Air Techniques, Inc., FONA Dental, s.r.o., LED Dental (LED Medical Diagnostics Inc.), Midmark Corporation, Quantum Dental Technologies Inc., DÜRR DENTAL SE. These players are focused on new product launches and strategic collaborations to strengthen their global presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
