$5.3bn
$XXX.Xm
14,807
465
$X.Xbn
The Dental Clinical Instrument Manufacturing industry has declined slightly over the past five years despite stable demand for routine dental procedures and the growing number of Americans over the age of 65. Recent disruptions to the international market for US-made dental instruments have led to a significant decline in the value of industry exports over the five years to 2023. In addition, technological advancements have enabled manufacturers to produce dental instruments at a lower cost, bringing down industry prices and ultimately revenue. Over the past five years, revenue has slumped at a CAGR of 0.3% to $5.3 billion, including an expected 1.3% decline in 2023. Profit is expected to climb to 8.1% of revenue in 2023 from 7.7% in 2018.Over the past five years, industry performance has further been defined by changes to healthcare policy, which have affected people's ability to pay for dental care. The Patient Protection and Affordable Care Act (PPACA) mandates that all Qualified Health Plans include oral care coverage for pediatric patients, limiting the decline in industry demand. Although the act does not extend mandatory oral care coverage to adults, the healthcare exchange allows people to purchase dental coverage. In addition, the pandemic resulted in a drop-off in demand for dental care in 2020.New product development has already begun to affect manufacturers and is expected to continue to affect the industry over the next five years. To remain competitive, the industry's largest manufacturers will continue to hire and retain highly skilled research and development (R&D) personnel to develop new cutting-edge products, while small companies will also pursue R&D to appeal to niche markets. Increased production of high-end products will likely also spur profitability, increasing the average industry profit margin. However, revenue is forecast to slump at a CAGR of 0.5% to $5.2 billion over the five years to 2028.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $5.3bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Envista Holdings Corporation | 1,276.4 | 130.1 | 10.2 | |
Dentsply Sirona Inc. | 1,185.7 | 22.2 | 1.9 |
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Dental Clinical Instrument Manufacturing in the US
Industry revenue is measured across several distinct product and services lines, including Diagnostic, imaging and procedural instruments, Orthodontic instruments and Storage and cleaning systems. Diagnostic, imaging and procedural instruments is the largest segment of the Dental Clinical Instrument Manufacturing in the US.
The consistent demand for diagnostic, imaging and procedural instruments has kept this segment stable
This industry manufactures tools and other instruments used in clinical practices by dentist offices and dental laboratories. These include diagnostic and procedural tools, cements and other impression materials, instrument storage and cleaning systems and office equipment such as dental chairs and X-ray machines.
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NAICS 33911 - Dental Clinical Instrument Manufacturing in the US
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Competition is primarily based on product innovation and quality. Dental instruments directly impact the quality of work a dentist and lab technician can perform.
Learn about the performance of the top companies in the industry.
Small manufacturers operate in a regional area. Small manufacturers develop specialized technology for various dental procedures.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Compliance with FDA regulations requires compliance with state regulations. States may impose additional licensure requirements or inspect manufacturing facilities.
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Wage expenses jump as a share of revenue. Manufacturers require highly knowledgeable and highly trained employees.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Dental Clinical Instrument Manufacturing in the US industry in United States is $5.3bn in 2024.
There are 465 businesses in the Dental Clinical Instrument Manufacturing in the US industry in United States, which has declined at a CAGR of 3.2 % between 2018 and 2023.
The market size of the Dental Clinical Instrument Manufacturing in the US industry in United States has been declining at a CAGR of 0.3 % between 2018 and 2023.
Over the next five years, the Dental Clinical Instrument Manufacturing in the US industry in United States is expected to decline.
The biggest companies operating in the Dental Clinical Instrument Manufacturing market in United States are Envista Holdings Corporation and Dentsply Sirona Inc.
Manufacturing diagnostic and procedural dental instruments and Manufacturing orthodontic instruments are part of the Dental Clinical Instrument Manufacturing in the US industry.
The company holding the most market share in United States is Envista Holdings Corporation.
The level of competition is high and steady in the Dental Clinical Instrument Manufacturing in the US industry in United States.