Dental Lasers Market to Grow at a CAGR of 5% to Reach Revenues of $162m in 2016
Online PR News – 04-January-2011 – – 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.
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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.
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.
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