Dental Devices - Mexico | Statista Market Forecast

Revenue in the Dental Devices market market in Mexico is anticipated to attain US$149.20m in 2024.
This revenue is forecasted to exhibit an annual growth rate (CAGR 2024-2029) of 8.10%, leading to a market volume of US$220.20m by 2029.
In a global context, the majority of revenue will be produced the United States, where it is projected to reach US$7.40bn in 2024.
In Mexico, the dental devices market is witnessing a surge in demand driven by increasing awareness of oral health and advancements in technology.

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 Mexico is witnessing considerable growth, fueled by rising dental health awareness, increasing disposable incomes, and advancements in technology that enhance treatment efficiency and patient comfort in oral care.

Customer preferences: Consumers in Mexico are increasingly prioritizing preventive dental care, reflecting a growing awareness of oral health's impact on overall well-being. This shift has led to heightened demand for advanced diagnostic tools and aesthetic dental devices, such as teeth whitening systems and clear aligners. Furthermore, the rise of social media is influencing younger demographics, who seek cosmetic enhancements and innovative treatments. As disposable incomes rise, there is a noticeable preference for high-quality, technologically advanced dental solutions that offer both efficiency and comfort during procedures.

Trends in the market: In Mexico, the Dental Devices market is experiencing a surge in demand for innovative aesthetic solutions, particularly among younger consumers influenced by social media trends. The increasing focus on preventive dental care is driving the adoption of advanced diagnostic tools and cosmetic treatments, such as clear aligners and teeth whitening systems. This trajectory signifies a shift towards prioritizing oral health as a critical component of overall wellness. As disposable incomes rise, industry stakeholders must adapt by investing in high-quality, technologically advanced dental products to meet evolving consumer expectations and capitalize on this growing market segment.

Local special circumstances: In Mexico, the Dental Devices market is shaped by a blend of cultural values prioritizing aesthetics and oral health, alongside a strong emphasis on family well-being. Traditional beliefs about oral hygiene coexist with modern trends, creating a unique demand for both preventive care and cosmetic solutions. Additionally, regulatory frameworks are evolving to promote safety and efficacy in dental products. Geographic diversity influences accessibility to advanced dental care, particularly in urban areas, driving innovations tailored to local needs and preferences.

Underlying macroeconomic factors: The Dental Devices market in Mexico is significantly influenced by macroeconomic factors such as the country’s economic stability, healthcare expenditure, and evolving consumer spending patterns. With a growing middle class and increasing disposable income, there is a rising demand for both preventive and cosmetic dental solutions. Additionally, government initiatives aimed at improving healthcare access are contributing to market expansion. Regulatory enhancements focusing on product safety and efficacy further bolster consumer confidence. Moreover, global economic trends, such as supply chain dynamics and trade policies, impact the availability and pricing of dental devices, shaping the competitive landscape in the market.

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.