The Americas was the largest geographic market in the medical equipment market in 2015, accounting for $XX billion or XX% of the global market. The Americas is the largest market because of high demand for cosmetic and elective dentistry, insurance coverage of dental treatments and high prevalence of periodontal diseases. Europe was the second largest geographic market, accounting for $XX billion or XX% of the global market. Asia was the third largest geographic market, accounting for $XX billion or XX% of the global market.
Global per capita average dental services expenditure grew from $XX in 2011 to $XX in 2015 at a CAGR of XX% and is expected to grow to $XX in 2019 at a CAGR of XX%. Per capita average dental services expenditure is increasing because of increasing aging population, rising demand for cosmetic dentistry and rising dental implants penetration rate.
Dental Service Organizations (DSOs) - The dental services industry is experiencing a change in its delivery model through dental support organizations giving rise to corporate or group practices. The DSOs are facilitating more in-house treatments such as orthodontics, endodontic and oral maxillofacial surgery instead of being referred to a separate specialist. Group practices also provide better funding for infrastructure, equipment and expenses associated with hiring specialists.
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