Dental Devices - Haiti | Statista Market Forecast

Revenue in the Dental Devices market market in Haiti is projected to reach US$2.26m in 2024.
Revenue in Haiti is expected to show an annual growth rate (CAGR 2024-2029) of 7.72%, resulting in a market volume of US$3.28m by 2029.
In a global context, it is noteworthy that the highest revenue will be generated the United States, with a projection of US$7.40bn in 2024.
In Haiti, the dental devices market is experiencing a gradual shift towards increased accessibility and affordability, reflecting growing public health awareness and demand for oral care.

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 Haiti is witnessing moderate growth, influenced by factors such as increasing dental awareness, the rise in preventive care, and the gradual adoption of advanced dental technologies, despite challenges like limited access to healthcare services.

Customer preferences: In Haiti, there is a noticeable shift towards preventive dental care, as consumers become more aware of the importance of oral health. This is reflected in the growing demand for dental devices that facilitate early detection and treatment, such as diagnostic tools and teeth whitening products. Additionally, a younger demographic is increasingly interested in aesthetic dental procedures, influenced by social media and cultural trends promoting a visually appealing smile. This evolving consumer preference is encouraging local dental practices to adopt innovative technologies and expand their service offerings.

Trends in the market: In Haiti, the Dental Devices Market is experiencing a significant shift toward preventive care, as awareness of oral health continues to rise among consumers. This trend is marked by an increasing demand for advanced diagnostic tools and teeth whitening products, facilitating early detection and treatment. Moreover, the younger population is gravitating towards aesthetic dental procedures, driven by social media influences that emphasize the importance of a captivating smile. This shift is prompting local dental practices to embrace innovative technologies, expanding their service offerings and enhancing patient engagement, ultimately reshaping the dental landscape in the region.

Local special circumstances: In Haiti, the Dental Devices Market is shaped by a combination of cultural attitudes towards oral health and the challenges posed by geographical constraints. The strong influence of community and familial relationships encourages shared knowledge about oral hygiene, fostering a grassroots movement toward preventive care. Additionally, limited access to advanced dental facilities in rural areas drives demand for portable and affordable dental devices. Regulatory hurdles also impact market entry, as local practices must navigate a complex landscape to introduce innovative dental technologies, ultimately influencing service accessibility and patient care.

Underlying macroeconomic factors: The Dental Devices Market in Haiti is significantly influenced by macroeconomic factors such as national economic stability, healthcare funding, and global economic trends. Economic challenges, including fluctuations in foreign investment and remittances, impact disposable income and spending on healthcare services, including dental care. Additionally, government fiscal policies aimed at improving healthcare access can enhance the market for dental devices. Global trends, such as the increasing emphasis on preventive care and technological innovation in dental health, also play a crucial role, shaping local demand for affordable, portable dental solutions that cater to the unique needs of the Haitian population.

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.