Vietnam Dental Equipment Market to Grow With Advancing Technology until 2027
Expanding
product line of dental health are driving the growth of the Vietnam Dental
Equipment Market, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam
Dental
Equipment Market - By
Region, Competition Forecast & Opportunities, 2027”, Vietnam
dental equipment market is anticipated to grow with an impressive CAGR in the
forecast period, 2023-2027 on the account of increasing instances of dental
health. Increasing instances of oral diseases, and oral infections are driving
the growth of the Vietnam dental equipment market in the upcoming five years.
Also, higher prevalence of sedentary and changing lifestyles, growing consumer
awareness, and rising dental tourism are some of the major reasons behind the
growth of the Vietnam dental equipment market in the next five years. Increased
investments in the healthcare industry have expanded the healthcare
infrastructure and enhanced the demands for oral hygiene maintenance, to
support market growth. Thus, the number of dental clinics in the country are
rapidly increasing and thus upsurging the demands for dental equipment and
further substantiating the growth of the Vietnam dental equipment market in the
future five years.
Although,
high costs of dental imaging systems, may put a mild restraint on the growth of
the market. Government support, financial aids, and favorable schemes to
support the demands, are aiding the growth of the Vietnam dental equipment
market in the forecast years, until 2027. Vietnam dental industry invites
medical tourism due to its affordable healthcare services, and higher
availability of the global players penetrating the market with their
technological advanced products, thus substantiating the growth of the Vietnam
dental equipment market in the forecast period.
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The
Vietnam dental equipment market is segmented by type, application, end user,
competitional landscape, and regional distribution. Based on type, the market
is further fragmented into dental radiology equipment, therapeutic dental
equipment, general equipment, hygiene maintenance devices, and others. Dental
radiology equipment is anticipated to register fastest growing CAGR in the next
five years on the grounds of increasing instances of oral and lip cancer.
Excessive usage of tobacco products and increasing chances of cancer caused due
to such usage is driving he growth of the Vietnam dental equipment market in
the upcoming five years. Ultrasound systems, x ray system, diagnostic imaging
equipment for dental structure all are included in dental radiology equipment.
Therapeutic dental equipment is anticipated to hold the largest revenue shares
of the market and dominate the market segment in the upcoming five years on the
grounds of increasing demands for dental treatments. Increased medical tourism
for dental health from other countries are also aiding the growth of the
Vietnam dental equipment market in the future five years.
Application
based market segment is further bifurcated into orthodontic, endodontic,
periodontic, and prosthodontic. Prosthodontic segment is anticipated to hold
the largest revenue shares of the market and dominate the market segment in the
upcoming five years on the grounds of increasing demand for dental prostheses.
Increasing geriatric population is also driving the growth of the Vietnam
dental equipment market in the future five years.
A
partial list of major market players of the Vietnam dental equipment market
includes :
- Phuc Hanh Nguyen Dental Equipment Company (PHN)
- Dentsply Sirona Vietnam Co. Ltd.
- Henry Schein Vietnam
- Viet Dang Dental Company
- MK-Dent Vietnam
- okoDent Vietnam
- Premier Dental Vietnam
- Detax Vietnam
- MANI Hanoi Co Ltd.
- DOE Vietnam
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“Hospitals & clinics are anticipated to hold the largest revenue
shares of the market due to increasing demand for the early diagnosis of the lip
cancer, oral cancer, etc. Moreover, increasing geriatric population of the
country that is highly susceptible to dental disorders, dental prosthetics are
also aiding the growth of the Vietnam dental equipment market. Increasing
patient burden is also responsible for the growth of the segment in the
upcoming five years. Moreover, regular patient visits when they are suffering
from chronic conditions, or pregnant females are also aiding to the growth of
the sub segment along with the growth of the Vietnam dental equipment market in
the next five years. New market players may invest financially in technological
advancement and modern product manufacturing to support their brand
establishment,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Vietnam
Dental Equipment Market By Type (Dental Radiology Equipment {Extraoral
Radiology Equipment, Intraoral Radiology Equipment, Others}, Therapeutic Dental
Equipment {All Tissue Lasers v/s Soft Tissue Lasers}, General Equipment {Dental
Chairs, Dental Light Curing Equipment, Dental Handpieces, Casting Machine,
Instrument Delivery Systems, CAD/CAM Systems, Others}, Hygiene Maintenance
Devices {Air Purification & Filters, Sterilizers, Hypodermic Needle
Incinerator}, Others), By Application (Orthodontic, Endodontic, Periodontic,
Prosthodontic), By End User (Hospitals & Clinics, Dental Laboratories,
Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Vietnam dental
equipment market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Vietnam dental equipment market.
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