Dental Devices - Serbia | Statista Market Forecast

Revenue in the Dental Devices market market in Serbia is projected to reach US$8.28m in 2024.
Revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 9.11%, leading to a market volume of US$12.81m by 2029.
In comparison to global figures, the highest revenue will be generated the United States, with an expected total of US$7.40bn in 2024.
In Serbia, the growing emphasis on oral health awareness is driving innovation and adoption of advanced dental devices within the medical technology sector.

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 Serbia is experiencing considerable growth, fueled by factors such as increasing oral health awareness, advancements in dental technology, and the rising demand for cosmetic dentistry services.

Customer preferences: Consumers in Serbia are increasingly prioritizing aesthetic appeal alongside health, leading to a notable rise in demand for advanced dental devices, such as clear aligners and teeth whitening systems. This shift is influenced by a growing interest in cosmetic dentistry, particularly among younger demographics who value self-image and social media presence. Additionally, the integration of technology in dental care, including tele-dentistry and digital consultations, is reshaping patient expectations, favoring convenience and accessibility in oral health services.

Trends in the market: In Serbia, the Dental Devices Market is experiencing a surge in demand for innovative solutions, particularly clear aligners and teeth whitening systems, driven by a heightened focus on aesthetic dentistry. This trend is predominantly observed among younger consumers who prioritize self-image and social media visibility. The adoption of advanced technologies, such as tele-dentistry and digital consultations, is transforming patient interactions, emphasizing convenience and accessibility. As these trends evolve, industry stakeholders must adapt by investing in technology and enhancing service offerings to meet changing consumer expectations and capitalize on the growing market potential.

Local special circumstances: In Serbia, the Dental Devices Market is shaped by a blend of geographical and cultural factors, with urban areas experiencing a rapid increase in disposable income, leading to greater investment in aesthetic dental solutions. The country's strong cultural emphasis on appearance, particularly among younger generations, drives demand for products like clear aligners and whitening systems. Additionally, regulatory support for tele-dentistry is fostering innovation, making dental care more accessible. As these unique dynamics unfold, stakeholders must leverage local insights to enhance offerings and capture emerging opportunities in this vibrant market.

Underlying macroeconomic factors: The Dental Devices Market in Serbia is significantly influenced by macroeconomic factors such as national economic growth, consumer spending patterns, and investment in healthcare infrastructure. As Serbia continues to recover from economic challenges, rising disposable incomes enable consumers to invest more in dental aesthetics, driving demand for advanced dental devices. Moreover, favorable fiscal policies aimed at enhancing healthcare accessibility are supporting market growth. Global trends, such as the increasing focus on preventive care and oral health awareness, further propel the market, encouraging innovation and the adoption of new technologies in dental practices across the country.

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.