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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