Dental Devices - Ghana | Statista Market Forecast

Revenue in the Dental Devices market market in Ghana is anticipated to reach US$51.90k in 2024.
The revenue is predicted to demonstrate an annual growth rate (CAGR 2024-2029) of 8.85%, which will lead to a market volume of US$79.33k by 2029.
In a global context, the majority of revenue will be generated the United States, with a figure of US$7.40bn in 2024.
In Ghana, the rising demand for advanced dental devices is driven by an increasing awareness of oral health and expanding access to dental care services.

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 Ghana is experiencing moderate growth, influenced by factors such as increasing oral health awareness, a rise in dental tourism, and the gradual adoption of advanced dental technologies among healthcare providers and consumers alike.

Customer preferences: In Ghana, there is a notable shift towards preventive dental care, with consumers increasingly prioritizing regular check-ups and proactive treatments over reactive solutions. This trend is fueled by rising health literacy and the influence of social media, which promotes awareness of oral hygiene and aesthetics. Additionally, the growing middle class is driving demand for cosmetic dental procedures, as individuals seek to enhance their smiles. These emerging preferences reflect a broader cultural shift towards valuing appearance and health, influencing the types of dental devices sought in the market.

Trends in the market: In Ghana, the Dental Devices Market is experiencing a surge in demand for innovative dental technologies, with a heightened focus on preventive care and cosmetic enhancements. This shift is driven by increased health literacy and the influence of social media, which emphasize the importance of oral hygiene and aesthetics. As the middle class expands, there is growing interest in advanced dental devices such as clear aligners and whitening systems. These trends signify a transformation in consumer expectations, prompting industry stakeholders to innovate and adapt their offerings to meet the evolving needs of a more health-conscious populace.

Local special circumstances: In Ghana, the Dental Devices Market is shaped by a combination of local factors, including rising urbanization and cultural shifts towards aesthetic dental care. The influence of traditional beliefs around oral health is being transformed by modern perceptions of beauty, spurred by social media and celebrity endorsements. Furthermore, regulatory frameworks are evolving to support the importation of advanced dental technologies. This unique blend of cultural acceptance and regulatory progress is fostering a more innovative dental landscape, appealing to the burgeoning middle class seeking quality dental care.

Underlying macroeconomic factors: The Dental Devices Market in Ghana is significantly influenced by macroeconomic factors such as economic growth, increased healthcare spending, and evolving consumer behavior. As Ghana's economy shows signs of resilience, rising disposable income among the middle class is driving demand for quality dental care and advanced dental devices. Government initiatives aimed at improving healthcare infrastructure and access further boost market potential. Additionally, the growing awareness of oral health and aesthetics, coupled with attractive fiscal policies that encourage foreign investment, is fostering a competitive environment for dental device manufacturers.

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.