Dental Devices - Nigeria | Statista Market Forecast

In Nigeria, revenue in the Dental Devices market market is projected to reach US$7.59m in 2024.
This revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 11.96%, which will lead to a market volume of US$13.35m by 2029.
In a global context, the highest revenue is expected to be generated the United States, with a figure of US$7.40bn in 2024.
In Nigeria, the dental devices market is witnessing significant growth driven by increasing awareness of oral health and the rising demand for advanced dental care solutions.

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 Nigeria is witnessing moderate growth, influenced by factors such as increasing dental awareness, advancements in technology, and a growing demand for cosmetic dental procedures among the population.

Customer preferences: Consumers in Nigeria are increasingly prioritizing oral aesthetics, resulting in a noticeable rise in demand for advanced dental devices, including aligners and whitening kits. This shift is influenced by a growing emphasis on personal appearance, especially among younger demographics active on social media platforms. Additionally, the rise of urbanization and an expanding middle class have led to greater accessibility to dental care and cosmetic procedures, fostering a culture that values oral health as integral to overall well-being.

Trends in the market: In Nigeria, the Dental Devices Market is experiencing a surge in demand for innovative dental technologies, particularly clear aligners and at-home whitening kits. This trend is being driven by a growing interest in cosmetic dentistry, particularly among millennials and Gen Z consumers who are influenced by social media aesthetics. Urbanization and increasing disposable incomes are enhancing access to dental care, encouraging more individuals to invest in their oral health. For industry stakeholders, this shift presents opportunities for product innovation and targeted marketing strategies, while also emphasizing the need for educational initiatives on the importance of oral health.

Local special circumstances: In Nigeria, the Dental Devices Market is influenced by unique local factors such as diverse cultural attitudes towards oral health and varying levels of access to dental care across urban and rural areas. Traditional beliefs often affect perceptions of dental treatment, with many individuals relying on local remedies. Additionally, regulatory challenges related to the importation of dental devices can hinder market growth. However, a surge in dental tourism and increased awareness of cosmetic dentistry among urban youth are driving demand for advanced dental products, creating opportunities for innovation and education within the sector.

Underlying macroeconomic factors: The Dental Devices Market in Nigeria is significantly influenced by macroeconomic factors such as national economic stability, healthcare funding, and foreign investment. Economic growth can enhance disposable incomes, leading to increased spending on dental care and advanced devices. Conversely, economic downturns may restrict access to dental services. Additionally, supportive fiscal policies aimed at improving healthcare infrastructure can facilitate market expansion. Global trends, such as rising awareness of oral health and aesthetic dentistry, further drive demand, while currency fluctuations and import tariffs can impact the affordability and availability of dental technologies, shaping overall 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.