Latin America Dental Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Latin America Dental Devices Market is poised to grow at a CAGR of 7.1% over the forecast period.

The COVID-19 pandemic has affected the dental devices market significantly in Latin America. As per the article published in August 2021 in PLOS ONE Journal, around 37.9% of the dentists in the country faced a 10-50% reduction in their income during the pandemic, whereas 35.6% had more than 50% of income reduction. This was majorly due to the number of people visiting dentists out of fear during the pandemic. In another survey study published in the BioMed Central Journal (BMC) in March 2022, around 85% of the patient visits in the region were reduced as fear of spreading COVID-19 infection which resulted in a huge financial imbalance across the dental industry. Hence, looking at such studies, it is observed that the COVID pandemic has significantly impacted the market studied in the Latin America region. However, since the lockdown restrictions were lifted, the industry has been recovering well. Over the last two years, the market recovery has been led by the high prevalence of dental diseases that require treatment with dental devices and new product launches.

According to the study published by the Research Society and Development in January 2021, the prevalence rate of dental caries among 5-year-old Brazilian children was 49.8%, and the difference between the prevalence rates in North and Southeast Brazil was 21.2%. The high prevalence rate of dental caries among Brazilian children in the country is contributing to the healthy growth of the market. ​An article published in April 2021 by Brazilian Oral Research (BOR) reported that 90% of the target population had lost at least one tooth, and 39% had lost more than eight teeth in an isolated population of Brazil. This higher tooth loss was associated with adult age and female gender. Thus, researchers at BOR suggested that age and gender were the major risk indicators of tooth loss in the Brazilian population. Such prevalence of tooth loss among the population in Brazil is anticipated to drive the demand for dental equipment used for treatment and diagnosis. Hence, expected to boost the market growth over the study period.

Thus, all aforementioned factors, such as the rising prevalence of dental diseases, are expected to boost the market over the forecast period. However, the lack of proper reimbursement in dental care is expected to restrain the market over the forecast period.

Latin America Dental Devices Market Trends

Dental Implant Segment is Expected to Dominate the Market in the Forecast Period

Dental implants are devices that are used as a treatment measure for dental issues. In the Latin American region, the increasing burden of dental diseases among children and adults is fueling this segment's growth.

The increasing incidences of dental diseases due to increasing cases of diabetes is one of the major factors driving the market growth over the forecast period. For instance, according to the study Published in International Dental Journal in October 2021, more than half of the population has at least one missing tooth in Mexico. The number of missing teeth is higher in individuals with diabetes and unhealthy habits such as smoking. Therefore, such instances indicate that the demand for dental devices is anticipated to increase, propelling market growth over the forecast period.

Furthermore, various strategies adopted by the market players are expected to propel the growth of the market over the forecast period. For instance, in May 2022, Promimic company's strategic partner Sistema de Implant Nacional (SIN), a leading provider of dental implants in Brazil and Latin America, initiated the launch of the first dental implant coated with Promimic's implant surface Hanano Surface. The implant is launched at CIOSP (Centro Integrado de Segurança Pública de Santa Maria), the second largest dental trade show in the world, which is currently ongoing in Sao Paulo with over 100,000 visitors.

Hence, the growing prevalence of dental diseases and products is expected to boost segment growth over the forecast period.

Brazil is Expected to Witness Healthy Growth in Latin America Region Over the Forecast Period

In Brazil, dental diseases continue to be one of the most prevalent diseases and a major public health problem despite the availability of highly effective basic prevention measures.

The article published in Brazil Oral Research in April 2021 mentioned that more than half (53.7%) of the elderly population (older than 65 years of age) had missing teeth. And the research highlighted the fact that socioeconomic conditions were the major factors that are directly associated with tooth loss in the Brazilian population. Such research related to periodontics in the country is creating demand for dental implants used by the target population, thereby driving the market growth.

Moreover, product approval, new product innovation, and research and development in the segment are expected to the segment growth in the country. For instance, in May 2022, the Brazilian Patent and Trademark Office issued a patent for Ortek Therapeutics, Inc., a company developing and commercializing novel oral care technologies which covered the Ortek-ECD, a revolutionary electronic cavity detection device that can detect tooth decay often missed by X-rays. Such developments are anticipated to drive market growth in the country.

Thus, all aforementioned factors, such as the growing prevalence of dental diseases, are expected to boost the market in Brazil over the forecast period.

Latin America Dental Devices Market Competitor Analysis

The Latin American dental devices market is moderately competitive and majorly dominated by global players. With the rising technology and focus of various companies on product development, it has been believed that several new companies may be entering the market in the coming future and are expected to hold a significant market share. Some of the major companies in the market studied include 3M, Dentsply Sirona, Straumann Group, Zimmer Biomet, and Dentium, among others.

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