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Refurbished Dental Equipment Market size was valued at USD 937.4 million in 2023 and is projected to expand at around 7.5% CAGR from 2024 to 2032.
The worldwide market for refurbished dental equipment continues to grow, dental professionals have much to gain from its numerous benefits. These advantages range from cost savings to gaining access to cutting-edge technology and fostering eco-consciousness, presenting significant implications. Dentists can confidently adopt refurbished equipment as a strategic move to enhance their practices, manage budgets efficiently, and promote sustainable dental care practices by carefully considering reputable refurbishing companies, assessing equipment histories, and maintaining transparent communication with sellers. This trend underscores the evolving landscape of dentistry, showcasing the innovative approaches professionals are taking to meet the evolving demands of both patients and dental practices.
Dental care has long been a crucial aspect of healthcare, and its importance has only intensified over the years. Factors such as an aging population base, increased awareness of oral health, and advancements in dental technology have contributed to the growing demand for dental services. The growing geriatric population base is a key driver of the refurbished dental equipment market. The aging population presents both challenges and opportunities for the dental industry. As older individuals seek dental care to maintain their oral health and quality of life, the demand for dental services continues to rise. In response to this growing demand, the market plays a pivotal role in helping dental practices expand their capacity and modernize their facilities efficiently and cost-effectively. With its benefits of cost savings, quality assurance, and environmental sustainability, refurbished dental equipment is poised to remain a key driver of growth in the dental care sector, ensuring that the oral health needs of the aging population are met effectively.
Dental practices are looking for cost-effective ways to improve their infrastructure and expand their services, and refurbished equipment provides a viable solution. As the demand for dental services continues to grow, the demand for refurbished equipment is anticipated to increase as well. Thus, the abovementioned factors are estimated to augment market progress.
Report Attribute | Details |
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Base Year: | 2023 |
Refurbished Dental Equipment Market Size in 2023: | USD 937.4 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 7.5% |
2032 Value Projection: | USD 1.73 Billion |
Historical Data for: | 2018 to 2023 |
No. of Pages: | 105 |
Tables, Charts & Figures: | 226 |
Segments covered: | Product Type, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The COVID-19 pandemic had a negative impact on the refurbished dental equipment market leading to reduced demand due to lockdown, restrictions, and consumer spending constraints. The pandemic led to a reduction in demand for dental services, as many people have postponed routine dental appointments and non-essential procedures due to safety concerns. This led to a reduction in demand for dental equipment, including refurbished equipment as disrupted global supply chains, making it more difficult for dental practices to obtain the equipment they need. This led to delays in the delivery of refurbished equipment, which impacted on the market demand.
Moreover, pandemic also created economic uncertainty, which led to a reduction in new investments in dental education and healthcare. This impacted on the business of new and refurbished dental equipment.
The cost-effectiveness of refurbished dental equipment is growing exponentially in dental industry, offering a promising solution to the escalating financial challenges faced by dental practices, particularly those in their infancy or constrained by limited budgets. The primary advantage of opting for refurbished equipment lies in the substantial cost savings it offers. In an era where the cost of new dental equipment continues to rise, refurbished alternatives emerge as a lifeline for dental practitioners looking to maximize the utility of their financial resources. Beyond the economic benefits, refurbished equipment’s also assures quality.
Also, reputable refurbishing companies adhere to rigorous standards, subjecting each piece of equipment to comprehensive inspections, repairs, and restorations, often resulting in equipment that meets or exceeds industry specifications. This means that refurbished equipment can often match the quality and safety of brand-new counterparts, providing peace of mind to both practitioners and patients alike.
Additionally, embracing refurbished equipment aligns with the imperative of environmental sustainability. By extending the life cycle of equipment and reducing the demand for new manufacturing, dental practices can play a vital role in reducing their ecological footprint and contributing to a more environmentally conscious industry. Growing awareness and availability of refurbished dental equipment on various platforms will contribute to industry landscape.
The refurbished dental equipment market by product type is segregated into dental lasers, cone beam computed tomography (CBCT) systems, CAD/CAM systems, imaging systems, dental operatory lights, sterilization equipment, dental patient chairs, hygiene maintenance and others. The imaging systems segment is predicted to witness CAGR of 7.7% over the forecast period. The demand for refurbished dental imaging systems is driven by the economic realities of the dental industry, the assurance of quality, environmental concerns, and the competitive advantages they offer to dental practices.
As long as reputable refurbishing companies continue to provide high-quality, cost-effective solutions, the demand for refurbished dental imaging systems is likely to remain on an upward trajectory, benefiting both dental practitioners and patients. Therefore, the abovementioned factors are anticipated to impel segment revenue.
The refurbished dental equipment market by application is categorized into hospitals, ambulatory surgical centres, dental clinics, and others. The dental clinics segment accounted for USD 344 million revenue size in the year 2022. Growing patient and physician awareness about refurbished dental equipment, increasing dental injuries and disorders, and poor oral health will boost the segment share. Low dental clinics consultation fee and treatment cost, affordable dental procedures, high demand for dental supplies and rapid rise in geriatric population base and dental tourism will fuel growth of the dental clinics segment.
Moreover, dental clinics, especially smaller practices or those just starting, often find it more cost-effective to invest in refurbished equipment. Refurbished systems are typically priced significantly lower than brand-new ones, allowing clinics to manage their budgets more efficiently.
The demand for refurbished dental equipment in the U.S. is growing, as dental practices strive to improve their infrastructure and expand their services. The U.S. dominates the North American refurbished dental equipment market and accounted for 93.5% share by value in 2022. The demand for refurbished dental equipment in the U.S. is multifaceted, driven by a combination of demographic, technological, and healthcare factors. With a steadily growing and aging population, the need for dental services has been on the rise.
Dentists increasingly invest in cutting-edge technology, including medical digital imaging systems and dental laser equipment, to provide the best possible care. Heightened awareness of dental health, improved insurance coverage, and evolving healthcare policies have encouraged more people to seek dental treatments, further boosting equipment demand. Regulatory compliance and infection control standards necessitate the purchase of high-quality equipment.
Some of the eminent market participants operating in the refurbished dental equipment market include
These market players are undertaking several growth strategies including partnerships, collaborations, acquisitions & mergers, new product development & launches to strengthen their product portfolio as well as gain a competitive edge over others.
Dental equipment industry a mosaic of diverse providers vying for the attention of dental practitioners and clinics seeking to optimize their budgets without compromising on quality. Within the refurbished dental equipment industry, numerous small and medium-sized companies compete to offer cost-effective alternatives to new dental equipment. For instance, Henry Schein is one of the leading players in the dental space with considerable number of refurbished offerings.
The company holds around 22% market share in Europe dental industry coupled with being a well-established player in the North America, Australia, New Zealand and across the world. The strategy adopted by the company to sustain its leading position involves offering comprehensive customer support, leveraging on their extensive distribution network, and offering superior quality refurbished equipment.
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By Product Type (USD Million & Units)
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