Taiwan Dental Equipment & Implants Market to Hit USD 331.3Million with 12.0% CAGR by 2027; Increasing Adoption of Advanced Dental Technologies by Dentists to Fuel Growth: Fortune Business Insights™
Pune, India, Nov. 20, 2020 (GLOBE NEWSWIRE) — The Taiwan dental equipment & implants market size is projected to reach USD 331.3 million by 2027, exhibiting a CAGR of 12.0% during the forecast period. Rising preference for digitized dental equipment across the country will help the market gain traction in the near future, states Fortune Business Insights™ in its report. Dental professionals in Taiwan are steadily shifting towards adopting digital dental equipment owing to the benefits they offer such as improved accuracy of procedures, greater patient comfort, faster diagnosis, and reduced costs. Taking advantage of this trend are the dental equipment and implants manufacturers in Taiwan that are developing digital dental hardware with advanced capabilities. For example, Hannox International Corp offers the Grace-X6 dental chair that is embedded with a hydraulic system and is fully controlled by a computer.The digital control panel also allows for a smoother and more enhanced operating experience for dentists. Another example is the digital tooth-implantation guidance system developed by the country’s Metals Industry Research & Development Center to enable dentists to precisely place implants, without damaging surrounding nerves. Thus, the promising progress made by digital technologies in Taiwan’s dental industry is predicted to considerably elevate the potential of the dental equipment & implants market in the country.
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Successful Containment of COVID-19 by Taiwan to Favor Market GrowthDespite the country lying in the vicinity of China, Taiwan has displayed remarkable efficiency in controlling the spread of the coronavirus within its borders. For example, in April, when the global infections surpassed 70,000 and deaths stood at 30,000, Taiwan accounted for only 300 infections with just 5 deaths. One of the key steps taken by the Taiwanese government was to limit the number of workers in medical facilities, which substantially lowered the risk of infection within hospitals. The country also maintained a high bed-per-capita ratio, which ensured timely treatment and discharge of patients.These efforts are aiding the Taiwan dental equipment & implants market growth as the successful containment of the coronavirus meant that the country never had to enforce lockdowns, though social distancing measures were imposed. As a result, unlike other countries, private clinics and specialty health units remained open and even though non-essential dental procedures have been reportedly postponed, cancellations have been fewer than those witnessed in most countries. However, global supply chain disruptions and stalled manufacturing activities will, nonetheless, cause minor setbacks to this market.
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Unique Collaborations & Exciting Product Launches to Stimulate CompetitionThe competitive dynamics of this market are shaped by the regional as well as global players operating in the flourishing dental industry of Taiwan. Most of the companies are primarily interested in designing, developing, and launching innovative products and solutions. Some companies, on the other hand, are entering into collaborations and partnerships with government bodies and academic institutions to expand their business horizons.Industry Developments:December 2019: The National Yang-Ming University teamed up with medical equipment manufacturers across Taiwan to establish a teaching demonstration center to promote digital dentistry in the country. The center will function as the base for Taiwan to expand its expertise in digital dentistry at the international level.May 2019: Kuo Hwa Dental Suppliers introduced the LiteTouch™ Er:YAG dental laser at the company’s launch event. The event included dental professionals who narrated their experience with the new laser product to a gathering of over 500 people.
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List of Key Companies Profiled in the Taiwan Dental Equipment & Implants Market Report:T-Plus Implant Tech. Co., Ltd. (New Taipei City, Taiwan)BIOLASE, Inc. (Irvine, U.S.)Biomate Medical Devices Technology Co., Ltd. (Kaohsiung City, Taiwan)Dentsply Sirona (Pennsylvania, United States)Po Ye X-Ray Mfg. Corp. (New Taipei City, Taiwan)A-dec Inc. (Newberg, Oregon, U.S.)VATECH (South Korea)Institut Straumann AG (Basel, Switzerland)
Table of Contents:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsNew Product launch, by Key PlayersKey Developments, Mergers and AcquisitionsAverage Pricing of Key Brands or Products/ Key PlayersImpact of COVID-19 on the marketTaiwan Dental Equipment & Implants Market Analysis-Volume InsightsTaiwan Dental Implants Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By Product TypeDental EquipmentDental Radiology EquipmentDental LasersDental Surgical Navigation SystemsOthersDental ImplantsDental Equipment Market – By End UserHospitalsDental ClinicsOthersDental Implants Market – By End UserHospitalsDental ClinicsOthersCompetitive AnalysisKey Industry DevelopmentsGlobal Market Share Analysis (2019)Company Profiles (Overview, Products, SWOT Analysis, Recent Developments, Strategies, Financials (based on availability))Biomate Medical Devices Technology Co., Ltd.T-Plus Implant Tech. Co., Ltd. VATECHInstitut Straumann AGDENTSPLY SironPo Ye X-Ray Mfg. CorpBiolase, Inc.A-DEC Inc.Strategic Recommendations
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SECONDARY DATA SOURCES THAT WE REFER TO:Annual reports, investor presentation, SEC filings, and press releases of companies operating in the marketStudies published by relevant associations MedTech Europe; American College of Radiology; Cancer Council Australia; Japan Hospital Association, etc.), government sources (Centers for Disease Control & Prevention, Ministry of Health, Labour & Welfare, Japan; National Health Service, England, etc.), international organizations (World Health Organization, The Organization for Economic Co-operation and Development, Eurostat, etc.), and articles published by Research Gate, NCBI, etc.Website, reports, and press releases of end user facilities – Hospitals, Ambulatory Surgery Centres, ClinicsIndustry journals and paid databasesSECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companiesDetails in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facilityNumber of procedures and average price of proceduresReplacement rate and pricing of capital equipmentMarket dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunitiesMarket & technological trends, new product developments, product pipeline.
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