Dental Devices - Singapore | Statista Market Forecast

In Singapore, the revenue in the Dental Devices market market is projected to reach US$88.67m in 2024.
The revenue is anticipated to display an annual growth rate (CAGR 2024-2029) of 10.65%, leading to a market volume of US$147.10m by 2029.
In comparison to global figures, the highest revenue will be generated the United States, with a projected amount of US$7.40bn in 2024.
In Singapore, the dental devices market is increasingly driven by technological advancements and a growing emphasis on preventive oral healthcare among the population.

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 Singapore has been experiencing considerable growth, fueled by advancements in technology, increasing oral health awareness, and greater access to innovative dental solutions, enhancing patient care and treatment outcomes.

Customer preferences: Consumers in Singapore are increasingly prioritizing preventive dental care, leading to a rise in demand for advanced dental devices like intraoral cameras and teledentistry solutions. There is a growing inclination towards personalized dental treatments, driven by a desire for improved aesthetics and comfort. Additionally, the aging population is influencing preferences for minimally invasive procedures and technologies that enhance oral health with less discomfort, reflecting a broader cultural shift towards proactive health management and wellness.

Trends in the market: In Singapore, the Dental Devices Market is experiencing a surge in the adoption of innovative technologies, particularly intraoral scanners and 3D printing solutions, as patients seek enhanced diagnostic accuracy and personalized treatment options. There is a notable increase in the use of teledentistry platforms, facilitating remote consultations and follow-ups, particularly appealing to the tech-savvy younger population. Additionally, the emphasis on preventive care is driving demand for educational tools and home-care devices, pushing industry stakeholders to invest in research and development for advanced dental solutions that cater to evolving consumer preferences.

Local special circumstances: In Singapore, the Dental Devices Market is shaped by its unique blend of urbanization and a high standard of living, fostering a culture that prioritizes oral health and aesthetics. The government’s stringent regulatory framework ensures that only high-quality medical devices are approved, bolstering consumer confidence. Additionally, the multicultural population drives demand for diverse dental solutions tailored to various aesthetic preferences. The integration of dental technology with smart city initiatives enhances accessibility, allowing for seamless patient experiences and encouraging the adoption of innovative dental care practices.

Underlying macroeconomic factors: The Dental Devices Market in Singapore is significantly influenced by macroeconomic factors such as national economic stability, consumer spending patterns, and demographic trends. The country’s robust economic performance and high disposable incomes enable consumers to invest in advanced dental care and aesthetic solutions. Government initiatives promoting healthcare innovation and spending on public health infrastructure further support market growth. Additionally, the increasing awareness of oral health and hygiene, coupled with the aging population, drives demand for specialized dental devices. Global economic trends, including fluctuations in trade and technology advancements, also play a critical role in shaping 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.