Market Insights Health Medical Technology Medical Devices

Dental Devices - G7

In G7, revenue in the Dental Devices market market is projected to reach US$13.59bn in 2024.
The revenue is anticipated to display an annual growth rate (CAGR 2024-2029) of 7.96%, culminating in a market volume of US$19.93bn by 2029.
In a global context, the majority of revenue will be generated the United States, with an expected figure of US$7,403.00m in 2024.
In the United States, the dental devices market is increasingly driven by technological advancements and a growing emphasis on preventive oral care solutions.

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

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Analyst Opinion

The Dental Devices Market within the Medical Devices sector in G7 nations is experiencing moderate growth. This trend is influenced by factors such as technological advancements, an aging population, and heightened awareness of oral health, driving demand for innovative dental solutions.

Customer preferences: Consumers are increasingly prioritizing preventive dental care, leading to a rise in demand for advanced diagnostic tools and at-home dental devices. Additionally, younger generations are leaning towards aesthetic dentistry, favoring solutions like teeth whitening and aligners, influenced by social media trends. The growing focus on holistic health has also encouraged individuals to seek eco-friendly dental products. Furthermore, the aging population is driving interest in dentures and implants, highlighting the need for innovative, user-friendly solutions tailored to diverse lifestyles.

Trends in the market: In the G7, the Dental Devices Market is experiencing a surge in demand for preventive oral care solutions, as consumers increasingly prioritize early diagnosis and treatment. At-home dental devices, such as electric toothbrushes and whitening kits, are becoming popular, driven by younger generations’ growing interest in aesthetic dentistry fueled by social media influence. The eco-conscious trend is prompting the development of sustainable dental products. Furthermore, the aging population's need for dentures and implants emphasizes the demand for innovative, user-friendly technologies, presenting opportunities for industry stakeholders to enhance product offerings and improve patient satisfaction.

Local special circumstances: In Japan, the Dental Devices Market is influenced by a strong emphasis on preventive healthcare, with a cultural focus on maintaining oral hygiene from a young age. The country’s aging population drives demand for advanced dental solutions, including high-quality dentures and implants. Additionally, strict regulatory standards ensure that only the safest and most effective products are available, fostering innovation. Moreover, regional preferences for aesthetic enhancements lead to a flourishing market for cosmetic dental devices, reflecting the unique blend of tradition and modernity in Japanese society.

Underlying macroeconomic factors: The Dental Devices Market in Japan is significantly influenced by macroeconomic factors such as the country's robust economic health, driven by a strong GDP and low unemployment rates. Government fiscal policies promoting healthcare innovation and technological advancement support the development and adoption of advanced dental solutions. Additionally, Japan's aging demographic creates a higher demand for dental implants and prosthetics, aligning with global trends towards preventive healthcare. Furthermore, rising disposable incomes enable consumers to invest in cosmetic dental procedures, enhancing market growth potential amidst evolving consumer preferences for aesthetics and quality care.

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.