The Latin America Dental Equipment Market size is estimated to be growing at a CAGR of 4.98% from 2023 to 2028. The market size is expected to be worth USD 0.75 billion in 2023 and USD 0.95 billion by 2028.
The market is projected to account for a lucrative growth due to rising risk factors for oral diseases like tobacco use, poor oral hygiene, unhealthy diet, and harmful alcohol consumption. In addition, the increasing incidence of oral cancer and periodontal disease is projected to lift the market over the forecast period further.
Dentists have used dental equipment to monitor, manipulate, remove and fix the teeth and the surrounding oral structures. In addition, dental equipment includes devices that are used to diagnose and treat dental diseases.
The factors driving the growth of the Latin American dental equipment market are increasing demand for cosmetic surgery, growing the geriatric population, increasing dental clinics and practitioners providing large-level dental care services that enable dental implants to be cost-effective to the end-user. On the other hand, lack of proper reimbursement policies and stringent regulatory framework are the restraints affecting the Latin American dental equipment market.
This research report on the Latin American Dental Equipment Market has been segmented and sub-segmented into the following categories.
By Product Type:
By End User:
Geographically, the Latin American market is predicted to account for a moderate share in the global market during the forecast period. This market is moderately competitive and controlled by international firms. And, it is expected that several new firms will likely enter the market in the near future due to advances in technology and increased focus on product development by various companies. Here, the number of market players is also accelerating the market growth of the Latin American dental equipment market with their key strategies, new advancements, and development in the products and their strategic merges or collaborations.
In the Latin American market, the Brazilian dental equipment market is forecasted to be growing at a promising CAGR during the forecast period. By the research study of 2019 of the Institute of supplemental Health Studies stated that the health care costs had risen steadily for Brazilian dental insurance firms over the past few decades. Therefore, as a result, more Brazilians were becoming aware of the importance of oral health; as a result of this, the radiology equipment sales may expand, which is likely to enhance demand for dental care facilities.
KEY MARKET PARTICIPANTS:
A few noteworthy companies operating in the Latin American dental equipment market profiled in the report are Danaher Corporation, Planmeca OY, A-dec Inc., Carestream Health, Inc., Dentsply Sirona, AMD LASERS, Biolase, Inc., Ivoclar Vivadent AG, Midmark Corporation, and 3M.
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