As the healthcare sector witnesses increased spending throughout the world, governments the world over are investing heavily to improve and strengthen their healthcare infrastructure. This increased spending on healthcare is a major driver boosting the growth of the global dental lights market.
In addition, there is a marked growth in general dental practitioners in low and middle income countries, especially in the lucrative markets of India and China, where the patient pool for dentists is also increasing. This is also a driving factor that is boosting revenue growth of the global dental lights market.
Besides, there is a rising adoption of LED dental lights in the market presently and they are becoming popular due to the various inherent benefits of LED lights. Some of the benefits of using LED dental lights include being environmental friendly, having a lower cost of operation and having no issues of overheating. Due to all these combined factors, the market for dental lights is increasing at a steady pace all over the world.
Global Dental Lights Market: Forecast Analysis
Persistence Market Research has released a new research report on the global dental lights market that includes the analysis and forecast of the different segments that are applicable in this market and also offers an analysis of all the top regional markets of the world that are spread across the various countries.
As per this detailed report, the global dental lights market is expected to exhibit a robust CAGR during the assessment period and is poised to reach a valuation of nearly US$ 960 Mn by the end of the assessment period in the year 2026.
Global Dental Lights Market: Segmentation Insights
The global dental lights market has been segmented on the basis of product type, end user, technology and region.
By product type, the LED lights sub-segment is the largest sub-segment in terms of value, and was estimated to be valued at nearly US$ 440 Mn at the end of the year 2017, with a CAGR of 5.4% during the assessment period 2017-2026.
By end user, the dental clinics sub-segment is the largest sub-segment in terms of value, and is projected to be valued at about US$ 730 Mn by the end of the assessment period in the year 2026; poised to display a CAGR of 5.5% during the period of assessment.
By technology, the fixed dental lights sub-segment is the largest sub-segment in terms of value, and is estimated to reach a valuation of nearly US$ 700 Mn by the end of the year 2026, exhibiting a CAGR of 5.5% during the period of assessment.
By region, Asia Pacific excluding Japan is expected to be the largest in terms of value at US$ 200 Mn in the year 2017 and is likely to display a CAGR of 6.0% during the assessment period.
Source: lakeshoregazette.com
