Latin America Dental Consumables Market

Latin America Dental Consumables Market Size

According to a latest market research report, the Latin America Dental Consumables Market is forecasted to reach USD 1.89 billion by 2023 from USD 1.62 billion in 2018, at a CAGR of 3.14% during the forecast period.

Growth Opportunities, Challenges and Restraints of Latin America Dental Consumables Market

The increasing awareness about the better and effective dental treatment has grown the desire for dental consumables. Furthermore, growing dental tourism has also expanded the growth possibilities in the market. Services that are involved in dental consumables are related gingival tissues, tooth restoration, and treatment for dental impairments. Furthermore, the low cost of dental treatments because of limited expensive oral healthcare services available in developing markets is also expected to drive the dental consumables market in Latin America.  

Some of the other circumstances contributing to the growth of the dental consumables market is decreasing government intervention in operating healthcare firms and convenience of improved dental treatment with low labor cost has also served the market growth.

The various products available in the market are retail dental care essentials, crowns and bridges, dental implants, orthodontics, periodontics, endodontics, and dental biomaterials among others. Amongst all of these results, the crowns and bridges division are expected to show remarkable progress in the following years.

The emergence of services such as dental tourism in emerging countries have triggered massive demand for dental consumables over the preceding few years. The low cost of oral health care services provided in these emerging markets has lured in several consumers over the prior few years for treatment. The low labor cost, efficient treatment methods, and minimum government intervention concerning to healthcare industries in developing nations are expected to boost dental tourism, which in turn is anticipated to have a positive reflection on the demand for dental consumables in this region.

The developing success rates of dental implants, particularly for the upper jaw is also likely to play a crucial role in the growth of the market. This has led to improved uptake of several procedures that use dental implants. Furthermore, the high prevalence of periodontal diseases has also fed the growth of the dental consumables market. The increasing disposable incomes in emerging markets and changing lifestyles, which have inclined patients toward increased oral health care, are anticipated to drive the demand for dental consumables.

The rising expenditure on the research and development of dental consumables has nailed the prices of products. Thus, the great cost of products has also made the practice costlier, which is likely to have a negative impact on sales. The poor compensation policies are also hindering the growth of the Latin American market as it is coaxing patients to migrate to lower places to seek treatment.

Furthermore, technological advancements such as CAD and CAM are also pushing the market growth. It is also assumed that increasing awareness about cosmetic dentistry, large geriatric population, and increasing life expectancy across the region will benefit market growth.  Furthermore, the resemblance of getting a natural viewing tooth by using crown and bridges is also anticipated to boost demand in the regional dental consumables market.

Regional Existence of Latin America Dental Consumables Market

the Latin America Market is classified under various regions namely, Argentina, Brazil, and Mexico. Straumann is among the best players in the dental industry. It is a global provider of dental products used in implants, restorative dentistry, and oral tissue generation therapy. The corporation has a strong brand value and an established geographical presence. In 2018, Straumann reported an increase of 21% in its revenue (as compared to 2017).

Straumann is expected to grow considerably in the coming years due to its increasing focus on other nations Argentina, Chile, and others. The company significantly funds in R&D and sales and marketing activities to drive innovation and capture the majority potential in underpenetrated markets. In order to expand its customer base and maintain its position in the dental biomaterials market, the company concentrates on various growth strategies such as agreements, acquisitions, and product launches.

Prominent Companies in the Latin America Dental Consumables Market

• Danaher Corporation
• Dentsply Sirona
• Straumann Holding AG
• 3M Company
• Geistlich Pharma AG
• Henry Schein Inc.
• Ivoclar Vivadent AG
• Keystone Dental Inc.
• BEGO GmbH & Co. KG
• Young Innovations Inc.
• Septodont Holding

This research report includes following segmentation for the Latin America Dental Consumables Market size and forecast 2023

Latin America Dental Consumables Market - By Type

• General and Diagnostic Equipment
• Radiology Equipment
• Other dental devices

Latin America Dental Consumables Market - By Product

• Dental Crowns and Bridges
• Orthodontics
• Periodontics
• Dental Implants
• Dental Biomaterials
• Endodontics
• Retail Dental Care Essentials

Latin America Dental Consumables Market - By Region

• Brazil
• Argentina
• Mexico