Dental Devices - Taiwan | Statista Market Forecast

Revenue in the Dental Devices market market in Taiwan is projected to reach US$57.46m in 2024.
Revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 8.33%, leading to a market volume of US$85.71m by 2029.
In a global context, the majority of revenue will be generated the United States, with a figure of US$7.40bn in 2024.
Taiwan's dental device market is witnessing significant growth as advancements in technology enhance patient care and drive demand for innovative treatment 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 in Taiwan is experiencing moderate growth, influenced by factors such as increasing oral health awareness, advancements in dental technologies, and a growing demand for cosmetic dentistry services among consumers seeking improved aesthetics and functionality.

Customer preferences: In Taiwan, consumers are increasingly prioritizing aesthetic dental treatments, reflecting a cultural shift towards the importance of appearance in social and professional settings. This trend is supported by a younger demographic that values cosmetic enhancements, such as teeth whitening and orthodontics, driven by social media influences. Additionally, there is a growing preference for minimally invasive procedures and advanced dental technologies, such as 3D printing and digital imaging, which enhance treatment precision and patient experience. As lifestyle factors evolve, consumers are seeking personalized dental solutions that align with their individual health and aesthetic goals.

Trends in the market: In Taiwan, the Dental Devices Market is experiencing a surge in demand for aesthetic treatments, particularly among younger consumers influenced by social media. This demographic shift is driving interest in cosmetic procedures, such as teeth whitening and orthodontics, which are perceived as essential for social and professional success. Furthermore, there is an increasing adoption of advanced technologies, including 3D printing and digital imaging, that enhance treatment accuracy and patient satisfaction. Industry stakeholders must adapt to these evolving preferences by investing in innovative dental solutions and marketing strategies that cater to the personalized needs of consumers.

Local special circumstances: In Taiwan, the Dental Devices Market is significantly influenced by cultural attitudes towards beauty and social status, with an emphasis on aesthetic appearances shaped by societal norms and media portrayals. The rapid urbanization and rising disposable incomes have led to increased spending on dental aesthetics, particularly among the youth. Additionally, Taiwan's stringent regulatory framework ensures high standards for dental devices, fostering consumer trust. The integration of advanced technologies, such as teledentistry and digital orthodontics, further enhances accessibility, allowing for more personalized and efficient dental care solutions.

Underlying macroeconomic factors: The Dental Devices Market in Taiwan is shaped by macroeconomic factors such as a robust national economy, rising healthcare expenditure, and supportive fiscal policies that prioritize health and wellness. Strengthened by global economic trends towards health innovation, Taiwan's investment in medical technology infrastructure enhances the development and distribution of dental devices. Furthermore, the increasing focus on preventive care and aesthetic dentistry aligns with consumer willingness to invest in dental health. Economic stability contributes to higher disposable incomes, driving demand for advanced dental solutions, while international partnerships and trade agreements facilitate access to cutting-edge technologies and materials, further propelling market growth.

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.