The Taiwan dental equipment and implants market size is projected to reach USD 331.3 million by 2027, exhibiting a CAGR of 12.0% during the forecast period.
(Dental Equipment {Dental Radiology Equipment, Dental Lasers, Dental Surgical Navigation Systems, and Others} and Dental Implants); By End User (Dental Equipment) {Hospitals, Dental Clinics, and Others};
and By End User (Dental Implants) {Hospitals, Dental Clinics, and Others}, 2020-2027”. 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.
List of Key Companies Profiled in the Taiwan Dental Equipment and 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)
The report states that the market value stood at USD 157.2 million in 2019 and offers the following:
- Thorough examination of the factors driving and restraining the market;
- In-depth research into the key market segments;
- Detailed understanding of the leading players and their strategies; and
- Careful study of the regional developments and dynamics impacting the market.
Market Driver
Successful Containment of COVID-19 by Taiwan to Favor Market Growth
Despite 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 and 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.
However, global supply chain disruptions and stalled manufacturing activities will, nonetheless, cause minor setbacks to this market.
Competitive Landscape
Unique Collaborations and Exciting Product Launches to Stimulate Competition
Some companies, on the other hand, are entering into collaborations and partnerships with government bodies and academic institutions to expand their business horizons.
The wide availability of alternative traveling choices such as bus, trains, autos, and others are likely to hamper the key market growth.
Additionally, the higher cost of the e-vehicles coupled with the lack of charging facilities is anticipated to restrain the market growth.
Positive governmental support regarding the development of the paddle cycle sharing facilities is likely to ease the demand for the product among the local population.
For instance, in September 2020, the City of Austin, Government of Texas, U.S. partnered with Austin-based Capital Metropolitan
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