Dental Handpieces Market Expected to Reach $2.7 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Dental Handpieces Market," The dental handpieces market size was valued at $1.6 billion in 2021, and is estimated to reach $2.7 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031. Dental handpieces are among the most important and versatile tools used in dental practices. Handpieces are used for various dental applications, such as endodontic procedures, caries removal, implantology, and prophylactic use. Dentists, hygienists, specialists, and lab workers use these handpieces. These handpieces can be utilized to complete the most challenging endodontic, surgical, or restorative procedure. Some handpieces are made for a variety of everyday uses, whilst specialized handpieces are only appropriate for certain procedures. It is crucial to practice with the proper handpiece and have the processes in place to clean and preserve the handpieces.

Factors that drive the growth of the dental handpieces market size include, surge in demand for root canal procedure, increase in number of dental handpieces industry, advancement in technology in the healthcare sector, rise in awareness toward oral hygiene, and upsurge in dental tourism. In addition, rise in geriatric population, and alarming increase in the prevalence of dental disease and condition, such as gum disease, cavities, cracked teeth, and dental pulp are anticipated to fuel the dental handpieces market trends. For instance, according to Centers for Disease Control and Prevention (CDC), in 2019, 70.1% of the population aged above 65 years and more was reported to be diagnosed with periodontal diseases. Thus, rise in geriatric population and increase in prevalence of periodontal disease are expected to propel the demand for dental handpieces material for dental treatment purpose, which, in turn, augments the growth of the dental handpieces market.

In addition, according to World Health Organization (WHO), consumption of tobacco, alcohol, and unhealthy diet are among the few common causes of oral disease. This factor surges the need for root canal procedure and is anticipated to fuel the growth of the dental handpieces market analysis. Moreover, the Global Burden of Disease, in 2020, reported that around 2.4 billion people globally were affected with dental caries. In addition, the increased need for routine dental exams makes it easier to identify diseases like dental caries and damaged tooth tissue. It results in increase in the need for crowns, root canals, and fillings and fuels the growth of the dental handpieces market forecast period.

In addition, the dental handpieces market share is expected to develop due to increase in dental clinics and the number of experts performing dental procedures. In addition, rise in disposable income among the populace of developing nations and increase in dental R&D activities, both contribute to the market's expansion.

On the basis of complete handpiece, the market is segmented into speed handpiece, electric handpieces, surgical handpieces, and others. The speed handpiece segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in the number of product launch and product approval for speed handpieces. On the basis of handpiece component, the market is bifurcated into air turbines, electric motors, and others. The electric motors segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to technological advancement in dentistry and rise in the number of product launch for dental handpieces. On the basis of end user, the market is divided into dental clinics, hospitals, and others. The hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in the number of hospitals and increase in expenditure by government to develop healthcare infrastructure.

North America accounted for a majority of the global dental handpieces market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in the number of root canal procedures, increase in the number of dental handpieces industry, and developed healthcare infrastructure. Asia-Pacific is anticipated to witness lucrative growth during the forecast period, owing to rise in expenditure by government organization to develop the healthcare sector and increase in awareness among people regarding oral hygiene.

The COVID-19 outbreak is anticipated to have a negative impact on growth of the global dental handpieces market. The dental surgeons are more vulnerable for contracting and transmitting the coronavirus. Subsequently, this led to cancellation of many non-essential surgical procedures across the globe. Thus, these factors are anticipated to hinder the growth of market during pandemic. In addition, demand for dental handpieces decreased, owing to delayed transportation due to COVID-19 pandemic and restriction of all indoor/outdoor events; emergency declaration; and massive slowing of supply chain of raw material. Thus, the outbreak of COVID-19 has negatively impacted the dental handpieces market.

Key findings of the study

• By complete handpiece, the speed handpiece segment was the highest contributor to the market in 2021.
• By handpiece component, the electric motors segment was the highest contributor to the market in 2021.
• By end user, the hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
• By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.