Global Refurbished Dental Lab Equipment Market Report 2023: Cost-effectiveness of Refurbished Equipment Bolsters Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Refurbished Dental Lab Equipment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 to 2031" report has been added to ResearchAndMarkets.com's offering.

The refurbished dental lab equipment market is expected to grow at a CAGR of 8.7% during the forecast period of 2023 to 2031.

Companies Mentioned

• Dentsply Sirona
• Henry Schein
• Patterson Companies Inc.
• A-dec Inc.
• Danaher Corporation
• Midmark Corporation
• GC Corporation
• IvoclarVivadent AG
• KaVo Dental
• Straumann Holding AG

The demand for refurbished dental lab equipment is increasing due to the rising cost of new equipment and the increasing focus on cost-saving measures in dental laboratories. Refurbished equipment provides a cost-effective solution for dental laboratories, while also ensuring quality and reliability.

The market is also driven by the increasing adoption of digital dentistry, which requires advanced equipment such as 3D printers and CAD/CAM systems. Refurbished equipment provides an affordable solution for small dental labs and clinics that may not have the resources to invest in new equipment.

Refurbished equipment provides a cost-effective solution for dental labs and clinics that may not have the resources to invest in new equipment. Refurbished equipment is also a sustainable and eco-friendly option, as it reduces waste and helps extend the life of the equipment. The market for refurbished dental lab equipment is expected to witness significant growth in the coming years, driven by the increasing adoption of digital dentistry and the growing demand for cost-effective solutions in dental laboratories.

Cost-effective Solution for Dental Labs and Clinics

One of the key drivers of the refurbished dental lab equipment market is the cost-effectiveness of refurbished equipment. The high cost of new equipment can be a significant barrier for small dental labs and clinics, and refurbished equipment provides a cost-effective solution. Refurbished equipment can be up to 50% cheaper than new equipment, providing a significant cost-saving for dental labs and clinics.

According to a survey by the National Association of Dental Laboratories (NADL), the cost is the primary factor that influences the decision to purchase refurbished dental lab equipment. The survey found that 72% of dental labs that purchased refurbished equipment did so because of the cost savings.

Increasing Adoption of Digital Dentistry

The increasing adoption of digital dentistry is also driving the growth of the refurbished dental lab equipment market. Digital dentistry requires advanced equipment such as 3D printers, milling machines, and CAD/CAM systems. However, the high cost of new equipment can be a barrier for many small dental labs and clinics.

Refurbished equipment provides a cost-effective solution for dental labs and clinics that want to adopt digital dentistry but may not have the resources to invest in new equipment. According to a report by Grand View Research, the increasing adoption of digital dentistry is expected to drive the growth of the refurbished dental lab equipment market.

Eco-Friendly and Sustainable Option

Another driver of the refurbished dental lab equipment market is the eco-friendliness and sustainability of refurbished equipment. Refurbished equipment reduces waste and helps extend the life of equipment, making it a sustainable option for dental labs and clinics.

The increasing demand for eco-friendly and sustainable dental solutions is expected to drive the growth of the refurbished dental lab equipment market. The report notes that the refurbishment of dental equipment is a sustainable solution that reduces the environmental impact of dental practices.

Limited Availability and Uncertainty about Quality

One of the main restraints of the refurbished dental lab equipment market is the limited availability of high-quality refurbished equipment. Dental labs and clinics need equipment that is reliable and provides consistent results, and there may be concerns about the quality and reliability of refurbished equipment.

In addition, there may be uncertainty about the quality of refurbished equipment, as it may not be clear how the equipment has been refurbished or what parts have been replaced. This uncertainty may make dental labs and clinics hesitant to invest in refurbished equipment, as they may not be confident in its performance or reliability.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Refurbished Dental Lab Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2031.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Refurbished Dental Lab Equipment market?
• Which is the largest regional market for Refurbished Dental Lab Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Refurbished Dental Lab Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Refurbished Dental Lab Equipment market worldwide?

For more information about this report visit https://www.researchandmarkets.com/r/riolw0

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