Dental Devices - Malta | Statista Market Forecast

Revenue in the Dental Devices market market in Malta is anticipated to reach US$3.07m in 2024.
The revenue is expected to exhibit an annual growth rate (CAGR 2024-2029) of 10.14%, leading to a market volume of US$4.97m by 2029.
In a global context, the majority of revenue will be produced the United States, which is projected to generate US$7.40bn in 2024.
Malta's dental devices market is experiencing growth, driven by increasing awareness of oral health 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 Malta is witnessing considerable growth, fueled by factors such as advancements in technology, increased oral health awareness, and a rising demand for cosmetic dental procedures among consumers, enhancing overall healthcare experiences.

Customer preferences: In Malta, consumers are increasingly prioritizing oral aesthetics, which has led to a growing demand for advanced dental devices such as invisible aligners and teeth whitening systems. This trend is influenced by a younger demographic that values appearance and social media presence, driving interest in cosmetic dentistry. Additionally, there's a heightened awareness of preventive dental care, prompting individuals to invest in at-home dental technology, such as electric toothbrushes and smart oral health apps, to maintain their oral hygiene effectively.

Trends in the market: In Malta, the Dental Devices Market is experiencing significant growth driven by a surge in interest in cosmetic dentistry, particularly among younger consumers who prioritize oral aesthetics. The popularity of invisible aligners and teeth whitening systems is on the rise, reflecting a shift towards personalized and discrete dental solutions. This emphasis on appearance is complemented by an increased awareness of preventive dental care, leading to greater adoption of at-home dental technologies like electric toothbrushes and smart oral health apps. Industry stakeholders must adapt to these evolving consumer preferences by innovating product offerings and enhancing marketing strategies, ensuring they meet the growing demand for both aesthetic and preventive dental solutions.

Local special circumstances: In Malta, the Dental Devices Market is shaped by its unique geographical position and cultural influences. The island's small population fosters close-knit community interactions, leading to heightened word-of-mouth recommendations for cosmetic dental procedures. Additionally, Malta's robust tourism sector attracts visitors seeking dental care, particularly cosmetic treatments, boosting demand for dental devices. Regulatory frameworks that emphasize patient safety and quality assurance further influence market dynamics, compelling manufacturers to adhere to rigorous standards. These local factors contribute to a vibrant dental devices market that prioritizes aesthetic and preventive care solutions.

Underlying macroeconomic factors: The Dental Devices Market in Malta is significantly influenced by macroeconomic factors such as national economic stability, healthcare spending, and global economic trends. Malta's steady economic growth enhances consumer spending power, encouraging investments in dental care and aesthetic treatments. Furthermore, favorable fiscal policies, including incentives for healthcare providers, facilitate access to advanced dental technologies. The growing tourism sector, coupled with an increasing global focus on preventive care, drives demand for cosmetic dental services. Additionally, international trade agreements and collaborations enable the import of innovative dental devices, enriching the local market and improving patient outcomes.

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.