Market Trends of Latin America Dental Devices Industry
This section covers the major market trends shaping the Latin America Dental Devices Market according to our research experts:
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.
