Dental Lasers - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016

Dental Lasers - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016

Report Reserve announces inclusion of a new market research report to its premium store.

GlobalData's new report, "Dental Lasers - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016" provides key data, information and analysis on the global dental lasers market. The report provides market landscape, competitive landscape and market trends information on the dental lasers market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.

Dental Lasers Market to Grow at a CAGR of 5% to Reach Revenues of $162m in 2016

Dental Lasers Market, Global, Revenue ($m), 2009 2016

Source: GlobalData, Secondary Research and Interviews with Industry Experts and Key Opinion Leaders

The global dental lasers market was valued at $112.8 million in 2009, and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 5% to reach $162.8 million in 2016. The market is expected to grow due to the increasing patient population, the increase in penetration of dental lasers and the development of superior technology.

Emerging economies such as China and India are expected to provide double digit growth to the dental lasers market in the future. The revenues generated in these countries is low, however the potential to capitalize and penetrate the market is huge. In 2009, the total revenues of dental lasers in India were $1m and in China they were $7.3m. This is forecast to grow at a CAGR of 12% to reach $3.3m and 15.6m respectively in 2016.

The US is the Largest Market for Dental Lasers with Revenues of $37m in 2009

The US remains one of the largest markets for dental lasers in the world. The total revenues from sales of dental lasers in the US market was around $37m in 2009 contributing about 39% of the total global revenues. An increasingly aged population and a growing awareness about the preventive role of oral hygiene in avoiding systemic diseases is expected to drive the market to achieve revenues of about $53m in 2016.

The European Dental Lasers market has reached $32.3m at a CAGR of 8.9% since 2002. The Asia-Pacific region is expected to grow at a CAGR of 6.3% to reach $56m by 2016. Developing economies such as China and India are expected to grow at a CAGR of 11.4% and 17.4% respectively.

Global dental lasers revenues were recorded at $112.8m in 2009. The US contributed $37m to the global revenues making it the largest dental lasers market. The US market is expected to grow at a CAGR of 5% to reach $53.6m by 2016.

Low Penetration of Dental Lasers and Development of Superior Technology to Drive Sales.

Dental Lasers Market, Global, Penetration (%), 2009

Source: GlobalData, Secondary Research and Interviews with Industry Experts and Key Opinion Leaders

Globally, there were over 700,000 dental professionals (represented on the primary axis) in 2009. In the US, there are over 160,000 dental professionals. However, only 1-1.5% of dental professionals (represented on the secondary axis) globally and 3% in the US use lasers in their practice. This represents a huge potential for manufacturers of dental laser products.

Advancement in technology is going to aid in driving the sales of dental lasers. All-tissue lasers show a promising future as they can be used in a range of hard and soft tissue procedures. They are increasingly becoming popular among practicing dentists, as they are experiencing increased revenues and a higher patient satisfaction compared to the use of traditional equipment.

Dental professionals have been able to increase their revenues by about 30% over 18-24 months after procuring laser equipment. This is primarily due to increased efficiency in performing complex procedures in less time and upgrading the patient base that the dental professional caters to.

Huge Population Base and Growing Awareness about Oral Hygeine to Increase the Use of Lasers in Dentistry

At the current growth rate, another two billion individuals will be added to the existing population by 2030. This increase in global population and the rising awareness of oral hygiene is expected to drive sales of dental lasers. The global prevalence of dental caries is in the range of 60-90%. In the US, 72.7% adults recorded a dental visit in 1997. This has increased to 76.7% in 2007.

There were 200 million hard tissue and 1.2 million soft tissue procedures conducted in the US. The annual expenditure on dental services has increased from around $80 billion in 2003 to more than $100 billion in 2008. This is projected to increase to about $155 billion in 2016.

Dental Lasers Market is Dominanted by Few Players

Dental Lasers Market, Global, Market Fragmentation (%), 2009

Source: GlobalData, Secondary Research and Interviews with Industry Experts and Key Opinion Leaders

Top 3 market players are Biolase Technology, KaVo Dental GmbH and DEKA Lasers

The dental lasers market is dominated by Biolase with a 27% share in 2009. The top three players in the market are Biolase Technology, KaVo Dental and DEKA Lasers who have a combined market share of 48%.

Newer technologies and equipment, such as Biolase's iLase and Syneron's LiteTouch, are expected to create a demand for the use of lasers in dentistry. The iLase laser system consists of a battery operated hand-piece. The iLase laser system consists of a diode containing active medium. The generation of the laser beam occurs within this hand-piece, making the fiber-optic delivery system obsolete. The iLase system gives the dental professional all the freedom they require to conduct the procedure.

Syneron has developed the LiteTouch laser system, which generates the laser beam in the hand-piece. It is an Erbium Yttrium Aluminum Garnet (Er:YAG) laser system which can be used to perform hard tissue procedures. The equipment does not require a fiber-optic delivery system as the laser generation happens within the hand-piece. For more details, please vist http://www.reportreserve.com/reportdet.php?company=GlobalData&reportid=13218

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