South and Central America Dental Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Dental Restorative, Dental Orthodontics, Dental Consumables, and Other Specialties) and Application (Hospitals, Dental Clinics, and Others)
The dental market in South and Central America is expected to grow from US$ 2,798.60 million in 2021 to US$ 4,465.41 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.
Dental implants, and related parts and tools, have become the fastest-growing area in dentistry and the dental supply industry. Traditionally, there has been significant traction toward smaller, yet fully functioning implants in the dental market. This is partially attributed to the growth in the popularity of mini-implants. Due to their small size, mini-implants are less expensive than conventional implants. This lower initial cost reflects an overall more cost-effective procedure for patients. Thus, the increasing adoption of mini dental implants is likely to be a prevalent trend in the dental implants market in the coming years.
Brazil is recognized for its medical tourism industry; however, due to COVID-19, Brazil restricted travelling, which significantly affected the medical tourism industry. Health authorities are worrying that attempting to fight the coronavirus will indirectly contribute to an increase in deaths of ill patients, including cancer patients, gynecology patients, and other causes. The death pool of ill patients in low-cost regions is expected to increase because healthcare professionals are having limited their patients checking as many hospitals have limited resources and staff. According to the World Health Organization, by September, more than 4,544,629 reported cases of COVID-19 in Brazil and 136,895 associated deaths. As a result, dental professionals across the country have had to respond rapidly and perform appropriate safety measures to contain the spread of the SARS-Co V-2 virus that causes this disease. A nationwide survey of dentists was carried out in Brazil via email and an Instagram campaign to analyze how dental coverage has been affected (public versus private networks). The study presents early evidence of three significant impacts of the pandemic on dentistry in Brazil:
increasing differences due to coverage disagreements between public and private networks
approval of new clinical routines, which are linked with an economic burden
associations of regional COVID-19 incidence and mortality with fear of contracting the disease at work
In some emergency, governments are taking measures to help the ill person, as in-person doctor’s appointments are being now conducted over phone call or video consultation. People are rescheduling their elective surgeries due to COVID-19.
South and Central America Dental Market Revenue and Forecast to 2028 (US$ Million)
South and Central America Dental Market Segmentation
The South and Central America dental market is segmented into type, application, and country. The South and Central America dental market based on the type is segmented into dental restorative, dental orthodontics, dental consumables, and other specialties. In 2020, the dental consumables segment held the largest share South and Central America dental market. Based on dental restorative the market is divided into dental implants, dental prosthetics, and implant accessories. In 2020, the dental implants segment held the largest share South and Central America dental market. Based on dental orthodontics the market is divided into fixed braces and clear aligners. In 2020, the fixed braces segment held the largest share South and Central America dental market. Based on application, the South and Central America dental market is segmented into hospitals, dental clinics, and others. The hospitals segment held the largest share of the market in 2020. Similarly, based on country, the market is segmented into the Brazil, Argentina, and rest of South and Central America. Brazil contributed a substantial share in 2020. 3M; Align Technology, Inc.; Carestream Dental LLC; Danaher; Dentsply Sirona; Ivoclar Vivadent AG; PLANMECA OY; Shofu Global; Ultradent Products Inc; and Zimmer Biomet are among the leading companies in the South and Central America dental market
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South and Central America Dental Market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the South and Central America Dental Market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth South and Central America market trends and outlook coupled with the factors driving the Dental Market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook