Dental Devices - NAFTA | Statista Market Forecast

Revenue in the Dental Devices market market in the North American Free Trade Agreement (in North American Free Trade Agreement (NAFTA)) is projected to reach US$8.46bn in 2024.
The revenue is expected to exhibit an annual growth rate (CAGR 2024-2029) of 7.87%, which will lead to a market volume of US$12.36bn by 2029.
In a global context, the majority of revenue will be generated the United States, amounting to US$7.40bn in 2024.
The United States is experiencing a surge in demand for innovative dental devices, 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 within the Medical Devices sector in NAFTA is experiencing moderate growth, influenced by factors such as technological advancements, an aging population, and increasing awareness of oral health, which drive demand for innovative dental solutions.

Customer preferences: Consumers in the Dental Devices Market are increasingly prioritizing preventive care and aesthetic enhancements, resulting in a growing demand for innovative solutions such as clear aligners and digital imaging technologies. The rise in health-consciousness among younger demographics, coupled with the aging population's desire for improved oral health, is steering preferences towards minimally invasive treatments. Additionally, the integration of tele-dentistry services reflects a shift towards convenience, enabling patients to access dental care from the comfort of their homes.

Trends in the market: In North America, the Dental Devices Market is experiencing a surge in demand for preventive care solutions, driven by consumers' increasing focus on oral health and aesthetics. In Latin America, there is a notable shift towards advanced dental technologies, such as clear aligners and 3D imaging, enhancing treatment precision and patient satisfaction. In Europe, tele-dentistry is gaining momentum, enabling patients to receive consultations and follow-up care remotely. These trends signify a transformative shift in dental care, urging industry stakeholders to innovate and adapt to evolving consumer preferences while exploring new market opportunities.

Local special circumstances: In Canada, the Dental Devices Market is thriving due to a strong emphasis on preventive dental care, influenced by public health campaigns promoting oral hygiene. The aging population is also driving demand for restorative solutions, while regulatory frameworks facilitate the swift approval of innovative dental technologies. In Mexico, cultural attitudes toward oral aesthetics are changing, leading to increased acceptance of cosmetic procedures and advanced treatments like clear aligners. These regional nuances shape market dynamics, compelling companies to tailor their strategies to meet local needs and preferences.

Underlying macroeconomic factors: The Dental Devices Market within the Medical Technology Market is significantly impacted by macroeconomic factors such as economic stability, healthcare spending, and demographic trends. In Canada, robust national healthcare policies and increased public investment in dental care are fostering market growth, while the aging population enhances demand for advanced restorative products. Conversely, in Mexico, economic growth and rising disposable incomes are driving consumer willingness to invest in dental aesthetics, including cosmetic procedures. Additionally, favorable trade agreements and regulatory frameworks in both countries facilitate the import of innovative dental technologies, further stimulating market dynamics.

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.