Dental Devices - G20

  • G20
  • Revenue in the Dental Devices market market in G20 is anticipated to attain US$16.87bn in 2024.
  • This revenue is predicted to exhibit an annual growth rate (CAGR 2024-2029) of 8.06%, leading to a market volume of US$24.86bn by 2029.
  • In a global context, the highest revenue is expected to be generated the United States, with a projected figure of US$7,403.00m in 2024.
  • In Brazil, the dental devices market is experiencing significant growth, driven by increasing awareness of oral health and advancements in technology.

Key regions: Germany, Europe, Japan, Spain, Netherlands

 
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Analyst Opinion

The Dental Devices Market within the Medical Devices sector in G20 nations is experiencing moderate growth, influenced by factors such as technological advancements, increasing oral health awareness, and a rising demand for cosmetic dental procedures among consumers.

Customer preferences:
Consumers are increasingly prioritizing preventive dental care and aesthetic enhancements, driving demand for innovative dental devices that cater to both health and beauty. The rise of social media influencers and a growing emphasis on personal image are encouraging younger demographics to seek out cosmetic dental procedures. Additionally, an aging population is shifting focus toward restorative treatments, highlighting the need for advanced technologies in dental practices. This convergence of health and aesthetics is reshaping product offerings in the dental devices market.

Trends in the market:
The Dental Devices Market within the Medical Technology sector is experiencing a notable shift towards digital innovations, with an increasing adoption of teledentistry services that facilitate remote consultations and treatment planning. In emerging markets, there is a surge in demand for affordable cosmetic dental solutions, driven by a youthful population eager to enhance their appearance. Additionally, 3D printing technology is revolutionizing the production of custom dental devices, streamlining workflows and reducing costs for practitioners. These trends signify a transformation in patient engagement, emphasizing convenience, personalization, and aesthetic appeal, which are crucial for industry stakeholders to address in their strategic planning.

Local special circumstances:
In China, the Dental Devices Market is influenced by a rapidly urbanizing population, which is driving demand for advanced cosmetic dentistry and orthodontic solutions. Cultural emphasis on aesthetics and a rising middle class are propelling the popularity of dental implants and orthodontic aligners. In contrast, Japan's aging population necessitates a focus on preventive dental care and innovative treatment options, leading to increased investment in dental technology. Regulatory frameworks in these countries also shape market dynamics, as compliance with stringent standards influences product availability and adoption rates.

Underlying macroeconomic factors:
The Dental Devices Market within the Medical Technology sector is significantly influenced by macroeconomic factors such as national economic stability, healthcare spending, and demographic trends. Countries with robust economies and increasing disposable incomes are witnessing a surge in demand for cosmetic and preventive dental solutions, particularly in urban areas. Government fiscal policies that prioritize healthcare infrastructure and technology adoption further enhance market growth. Additionally, the rising prevalence of dental issues due to lifestyle changes and an aging population globally drives innovation and investment in advanced dental devices, shaping market dynamics across different regions.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
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