Dental Devices - APAC

APAC

Highlights

Revenue in the Dental Devices market market in APAC is projected to reach US$7.08bn in 2024.
Revenue is expected to exhibit an annual growth rate (CAGR 2024-2029) of 9.34%, leading to a market volume of US$11.07bn by 2029.
In a global context, the highest revenue will be generated the United States, which is anticipated to reach US$7.40bn in 2024.
The APAC dental devices market is witnessing significant growth, driven by increasing oral health awareness and advancements in technology, particularly in countries like Japan.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Dental Devices Market in APAC is witnessing moderate growth, influenced by factors such as increasing dental awareness, advancements in technology, and rising disposable incomes. However, regional disparities and regulatory challenges may impact the overall growth rate.

Customer preferences: Consumers in the APAC Dental Devices Market are increasingly prioritizing aesthetic dentistry, influenced by rising beauty standards and social media trends. As millennials and Gen Z become key demographics, there is a growing preference for cosmetic procedures, such as teeth whitening and invisible aligners. Additionally, an emphasis on preventive care is emerging, with more individuals seeking regular dental check-ups and personalized treatment plans, reflecting a shift towards proactive oral health management in urban environments.

Trends in the market: In the APAC Dental Devices Market, there is a notable shift towards the adoption of advanced imaging technologies, such as 3D scanning and digital X-rays, enhancing diagnostic precision and treatment planning. Additionally, the popularity of minimally invasive procedures is rising, driven by patient demand for quicker recovery times and reduced discomfort. Innovative materials, like bioactive ceramics, are gaining traction for restorative procedures, reflecting a trend towards biocompatible solutions. These developments present significant opportunities for manufacturers and service providers to differentiate themselves in a competitive landscape, ultimately improving patient outcomes.

Local special circumstances: In Japan, the Dental Devices Market is significantly influenced by an aging population that demands advanced dental care, driving the adoption of innovative technologies like robotic-assisted surgeries and digital impressions. Meanwhile, South Korea's strong emphasis on aesthetic dentistry is propelling the demand for cosmetic dental devices, such as teeth whitening kits and aligners. Additionally, strict regulatory standards in Australia ensure high-quality dental products, fostering trust among patients and professionals alike, which in turn influences market growth and overall patient satisfaction across the region.

Underlying macroeconomic factors: The Dental Devices Market in the APAC region is shaped by macroeconomic factors including rising disposable incomes, urbanization, and increasing healthcare expenditure. As countries like Japan and South Korea experience economic growth, there is a greater willingness to invest in advanced dental care, driving demand for innovative dental technologies. Additionally, supportive fiscal policies promoting healthcare access and quality contribute to market expansion. Furthermore, the aging population in these nations necessitates enhanced dental services, while growing awareness of aesthetic dentistry fuels demand for cosmetic products, ultimately influencing market performance across the region.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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Medical technology industry - statistics & facts

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.