Dental Devices - Lithuania | Statista Market Forecast

In Lithuania, revenue in the Dental Devices market market is projected to reach US$26.92m in 2024.
It is anticipated that revenue will exhibit an annual growth rate (CAGR 2024-2029) of 8.92%, leading to a market volume of US$41.27m by 2029.
In a global context, the highest revenue will be generated the United States, which is expected to amount to US$7.40bn in 2024.
Lithuania's dental device market is experiencing innovation-driven growth, fueled by increasing consumer awareness and advancements in digital dentistry technologies.

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 Lithuania is experiencing considerable growth, fueled by factors such as increasing dental care awareness, technological advancements, and the rising demand for innovative dental solutions among consumers and healthcare professionals alike.

Customer preferences: In Lithuania, consumers are increasingly favoring preventive dental care and aesthetic treatments, leading to a heightened demand for advanced dental devices. There is a growing preference for minimally invasive procedures, with patients seeking out technologies that offer faster recovery and improved outcomes. Additionally, the rise of digital dentistry, including 3D printing and CAD/CAM solutions, reflects a cultural shift towards personalized care. Demographic changes, such as an aging population, are driving the need for innovative solutions that cater to diverse dental health needs across all age groups.

Trends in the market: In Lithuania, the Dental Devices Market is experiencing a significant shift towards advanced technologies, with an increasing number of dental professionals adopting digital solutions for diagnostics and treatment. The integration of 3D printing and CAD/CAM technologies is revolutionizing the creation of customized dental devices, enhancing precision and patient satisfaction. Additionally, there is a marked rise in demand for aesthetic procedures, driving innovation in less invasive treatments. As the population ages, stakeholders must adapt to diverse dental health needs, emphasizing the importance of preventive care and personalized solutions in their offerings.

Local special circumstances: In Lithuania, the Dental Devices Market is shaped by a strong emphasis on oral health education and community awareness, influenced by the country's focus on preventive care. The regulatory environment is supportive, facilitating the introduction of innovative dental technologies, while a well-educated workforce drives the adoption of advanced practices. Additionally, cultural attitudes towards aesthetics and health promote a growing demand for cosmetic dental procedures, differentiating the Lithuanian market from others by prioritizing both functionality and aesthetic appeal in dental care solutions.

Underlying macroeconomic factors: The Dental Devices Market in Lithuania is significantly influenced by macroeconomic factors such as national economic stability, healthcare spending, and demographic trends. Lithuania's improving GDP and rising disposable incomes enhance consumer spending on dental care, fostering demand for advanced dental devices. Regulatory support for medical technologies encourages innovation and market entry. Furthermore, the increasing awareness of oral health and preventative care, coupled with an aging population, drives the need for both functional and aesthetic dental solutions. These factors collectively create a conducive environment for growth in the dental devices sector.

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.