Chile Dental Devices Market - Growth, Trends, and Forecast (2020 - 2025)
The Chile Dental Devices market is expected to register a CAGR of nearly 4.6% during the forecast period. The major factors for the growth of the market include the increasing burden of oral diseases and the aging population, technological advancements, like the use of CAD/CAM for teeth design, and increased dental tourism in developing nations.
Despite considerable improvements in the oral health of the population, problems persist in various regions of Chile. The oral health problems, such as dental caries and periodontal diseases, are considered as the most important oral health burdens. Dental caries, also known as cavities, are found to be common and the prevalence of dental caries is increasing. In children, dental caries is particularly critical, as even after repair, the destroyed tooth structure exhibits increased vulnerability. The growing geriatric population is also expected to increase the burden of oral diseases. Therefore, the treatment requires the adoption of dental devices.
The treatment procedures for various dental problems require extensive usage of medical devices, thereby bolstering the Chile market. This trend may continue to drive the market, and is currently troubled by the increasing occurrence of oral diseases.
However, the rising demand for dental tourism across several developing nations is projected to encourage the growth of the Chile dental devices market.
Key Market Trends
Dental Consumables is Expected to Grow with Higher CAGR Over the Forecast Period
The Dental Consumable segment is expected to grow at a higher CAGR rate in the forecast period. The segment is subdivided into Dental Biomaterial, Dental Implants, Crowns and Bridges, Other Dental Consumables.
The segments growth is majorly attributed to the increasing usage of crowns and bridges. A dental bridge is used to fill the gap created by one or more missing teeth. The crown or bridge is manufactured manually or with the help of CAD/CAM technology. Currently, CAD/CAM software is gaining popularity, may considerably impel the segment growth in the coming years.
Owing to its significance and adoption, and due to the increasing dental problems in the region, there is a rise in the demand
New product developments and strategic collaborations are the key strategies adopted by the key players to gain a competitive edge. The key players in the market, with strong financials, product portfolio, and regional presence, are expected to grow exponentially. There is a presence of a large number of players that accelerates the growth of the Chilean dental devices market.
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