This U.S. industry comprises establishments primarily engaged in manufacturing dental equipment and supplies used by dental laboratories and offices of dentists, such as dental chairs, dental instrument delivery systems, dental hand instruments, and dental impression material and dental cements.
The Dental Equipment and Supplies Manufacturing industry (NAICS 339114) is currently experiencing several significant qualitative trends. One of the most prominent trends is the increasing adoption of digital dentistry. This encompasses the use of CAD/CAM systems for designing and manufacturing dental prosthetics, 3D printing for creating custom implants and orthodontic devices, and digital imaging for diagnostics and treatment planning. The integration of these technologies is enhancing precision, reducing turnaround times, and improving patient outcomes.
Another trend is the rising demand for minimally invasive dental procedures, driving the development of advanced dental instruments and materials that support such treatments. Additionally, there is a growing emphasis on sustainability and eco-friendly practices within the industry, with manufacturers striving to reduce waste and utilize biocompatible and environmentally friendly materials.
The COVID-19 pandemic has also accelerated the adoption of teledentistry, which has implications for the types of equipment and supplies demanded by dental professionals. Remote consultations and diagnostics require specialized tools and software, which manufacturers are increasingly providing.
In the near future, we can expect continued growth in digital and teledentistry solutions, along with innovations in biocompatible materials and eco-friendly manufacturing processes. An aging global population and increased awareness of oral health are likely to drive steady demand for dental equipment and supplies, ensuring robust market growth.
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.