Dental Devices - Baltics | Statista Market Forecast

In the Baltics, revenue in the Dental Devices market market is anticipated to reach US$49.12m in 2024.
The revenue in this market is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 9.11%, leading to a market volume of US$75.95m by 2029.
When compared globally, the highest revenue will be generated the United States, projected at US$7.40bn in 2024.
The Baltic region is witnessing a growing demand for innovative dental devices, driven by an increasing emphasis on oral health and aesthetic dentistry.

Definition:
The Dental Devices market, a medical technology market, covers a wide range of products used in the diagnosis, treatment, and prevention of diseases and conditions affecting oral health. This includes dental equipment such as dental lasers, laboratory equipment, hygiene maintenance devices, and other dental devices.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Key players in the market include 3M, Dentsply Sirona, and Align Technology. Further information on the key players can be found in the Market Shares boxes.

Dental surgical devices
Implants such as dental prosthetics

Dental drugs
Dental supplements

The Dental Devices Market in the Baltics is experiencing considerable growth, fueled by factors such as increasing dental health awareness, technological advancements, and the rising demand for innovative dental solutions among consumers and healthcare providers.

Customer preferences: Consumers in the Baltics are increasingly prioritizing aesthetic dental solutions and personalized care, reflecting a shift towards enhancing overall well-being and self-image. This trend is driven by a growing interest in cosmetic dentistry, influenced by social media and beauty standards. Additionally, the aging population is seeking more advanced restorative procedures, while younger demographics are opting for preventive care and orthodontic treatments. The rise of tele-dentistry also caters to the demand for accessible dental consultations, aligning with a more health-conscious lifestyle.

Trends in the market: In the Baltics, the Dental Devices Market is experiencing a notable shift towards advanced aesthetic solutions, with consumers increasingly seeking personalized care options that enhance self-image. This trend, fueled by social media influences and evolving beauty standards, is leading to a rise in demand for cosmetic dental procedures. Concurrently, an aging population is driving interest in restorative treatments, while younger individuals prioritize preventive care and orthodontics. The emergence of tele-dentistry further complements this landscape, providing convenient access to care and aligning with a health-conscious consumer base, presenting significant opportunities for industry stakeholders to innovate and expand their offerings.

Local special circumstances: In the Baltics, the Dental Devices Market is shaped by a blend of cultural appreciation for aesthetic wellness and a robust healthcare system that emphasizes preventive care. The region's rich history of dental craftsmanship has fostered a demand for high-quality dental solutions, while EU regulations ensure stringent safety standards, enhancing consumer trust. Additionally, the influence of Scandinavian design principles promotes minimalistic yet effective dental products. These unique local factors create a distinct environment for innovation, propelling the market towards advanced, consumer-friendly dental technologies.

Underlying macroeconomic factors: The Dental Devices Market in the Baltics is significantly influenced by macroeconomic factors such as national economic stability, healthcare expenditure, and demographic trends. A healthy economy promotes higher disposable incomes, leading to increased consumer spending on dental care and aesthetic procedures. Furthermore, government fiscal policies that prioritize healthcare funding enhance access to advanced dental technologies. The region's growing population, particularly among older adults, drives demand for innovative dental solutions. Additionally, global trends towards preventive care and increased health awareness further bolster the market, fostering an environment ripe for growth and technological advancement.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

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.