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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.
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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.
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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.