Argentina Dental Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.70 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Dental Devices Market Analysis
The Argentine dental devices market is expected to register a CAGR of 6.7% over the forecast period.
The COVID-19 pandemic significantly impacted global healthcare systems, with substantial consequences for COVID-19-infected patients and others, resulting in the cancellation of treatment and surgical procedures to manage and reserve resources. Sanitary authorities suspended scheduled dental care during preventive mandatory social isolation at most private and social security oral healthcare centers in the Buenos Aires Metropolitan Area, which concentrates 37% of the population in Argentina. This was because it believed there was a high risk of infection while diagnosing and treating oral diseases. The risk of resumed services, treatment, and procedures will likely decrease the demand in the Argentine dental devices market, thereby impacting the market growth.
The major factors attributing to the Argentine dental devices market growth are the growing aging population coupled with increasing incidence of dental diseases, increasing demand for cosmetic dentistry, and innovation in dental products. According to statistics published by World Data Atlas, in 2021, Argentina's population aged 65 years and above was 11.5 %. Argentina's population aged 65 years and above increased from 7.2 % in 1972 to 11.5 % in 2021, growing at an average annual rate of 0.95%. Furthermore, according to an article published by the CAF Development Bank of Latin America, in May 2021, in Latin America, the percentage of persons over 65 will double in the following 20 to 30 years, rising from 8% in 2020 to 17.5% by 2050. For Argentina, this rate will increase from 11.4% to 17.3% within the same time frame. With an increase in the geriatric population, the incidence of dental disease increases, leading to market growth.
Therefore, the abovementioned factors are attributed collectively to the studied market growth over the forecast period. However, the lack of proper dental care reimbursement and awareness is expected to hinder market growth over the forecast period.
Argentina Dental Devices Market Trends
This section covers the major market trends shaping the Argentina Dental Devices Market according to our research experts:
Prosthodontic Segment is Expected to Witness High Growth over the Forecast Period
As prosthodontic dentistry has a wide range of tools used for dental corrections, there is a massive application of prosthodontic equipment. There is an increasing demand for dental prostheses across Argentina due to the rising number of older adults. However, due to the COVID-19 pandemic, elective and prosthetic dental surgical procedures have been significantly impacted, with all specialties writing various guidelines on managing this crisis. Regulatory bodies have had to triage the urgency of their daily surgical procedures and consider non-surgical management options wherever possible, avoiding all non-emergent practices. According to statistics published by World Data Atlas, in 2021, Argentina's population aged 65 years and above was 11.5%. Argentina's population aged 65 years and above increased from 7.2 % in 1972 to 11.5 % in 2021, growing at an average annual rate of 0.95%.
Furthermore, according to the Observatory of Economic Complexity, in August 2022, there was an increase in Dental Product's year-by-year exports in Argentina (86.7%), which exported USD 1.98 million in dental products. With the rise in the export of dental products, the demand for dental devices increases leading to a significant contribution to the segment growth.
Therefore, the factors mentioned above are expected to drive segmental growth in the market during the forecast period.
General and Diagnostics Equipment Segment is Expected to Witness High Growth During the Forecast Period
The expansion of the Argentine dental device market is more likely to be aided by growing healthcare spending and the number of hospitals. For instance, according to International Trade Administration 2022, healthcare expenditures in Argentina account for approximately 9% of the GDP, among the highest in the region. Imports in the medical equipment and device sector have been estimated to account for around 70-75% of the total market, with local manufacturing of medical devices representing about 25% of the market. The increasing healthcare expenditure increases dental treatment, thus boosting the market's growth in Argentina during the forecast period.
Furthermore, Argentina's healthcare system comprises four subsectors, i.e., public hospitals, the social security/union-run health insurance system, private medical insurance, and PAMI (National Institute of Social Services for Retirees and Pensioners). Formal sector workers in Argentina are obligated to participate in one of the 300 or so union-run health insurance schemes, each guaranteeing minimum coverage levels for preventative, diagnostic, medical, dental, and maternity care. Thus, with more than 50% of the reliability of the population toward a union-run health insurance system that covers dental treatment, the demand for dental equipment is expected to grow in the Argentine market.
Additionally, initiatives by key players are expected to drive the market's growth. For instance, in October 2020, Henry Schein Inc. signed an agreement with Carrizo Dental, to distribute the company's Henry Schein-brand product portfolio to dental professionals throughout Argentina. As a result, dental practitioners operating in Argentina will have a local sales channel to purchase Henry Schein-brand products, helping to ensure a convenient, fast, and seamless process for requesting and receiving these products that can help improve clinical outcomes. Therefore, such an initiative is expected to drive the market's growth.
Thus, owing to the above factors, the general and diagnostics equipment segment is expected to show significant growth over the coming years.
Argentina Dental Devices Industry Overview
The Argentine dental devices market is consolidated in nature due to the presence of a few companies operating in Argentina. The competitive landscape includes an analysis of a few local companies which hold market shares and are well known, including 3M, Envista Holdings Corporation, Henry Schein Inc., Straumann Holding AG, and Zimmer Biomet Holdings Inc., among others.
Argentina Dental Devices Market Leaders
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Henry Schein, Inc.
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Envista Holdings Corporation
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3M
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Straumann Holding AG
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Planmeca OY
*Disclaimer: Major Players sorted in no particular order
Argentina Dental Devices Market News
- In August 2022, Sage Dental took part in an ongoing educational program sponsored by Neodent in which four Sage dentists working with a team of local providers, conducted implant surgeries on patients. Following the dental work done by the Sage team, the patients will receive follow-up care from dentists at the Latin American Institute of Dental Research and Education (ILAPEO), an internationally renowned research center, and continuing education in dental clinical practice.
- In April 2022, the global launch by Straumann Group of Zi, used as zirconia, known for extraordinary strength and aesthetics, was celebrated at a virtual event that attracted 1,600 viewers from 92 countries.
Argentina Dental Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Aging Population Coupled with Increasing Incidence of Dental Diseases
4.2.2 Increasing Demand for Cosmetic Dentistry
4.2.3 Innovation in Dental Products
4.3 Market Restraints
4.3.1 Lack of Proper Reimbursement of Dental Care
4.3.2 Lack of Awareness
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product
5.1.1 General and Diagnostics Equipment
5.1.1.1 Dental Laser
5.1.1.2 Radiology Equipment
5.1.1.3 Dental Chair and Equipment
5.1.1.4 Other General and Diagnostic Equipment
5.1.2 Dental Consumables
5.1.3 Other Dental Devices
5.2 By Application
5.2.1 Orthodontic
5.2.2 Endodontic
5.2.3 Peridontic
5.2.4 Prosthodontic
5.3 By End User
5.3.1 Hospitals
5.3.2 Clinics
5.3.3 Other End Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M
6.1.2 Envista Holdings Corporation
6.1.3 Henry Schein, Inc.
6.1.4 Straumann Holding AG
6.1.5 Zimmer Biomet Holdings Inc.
6.1.6 Planmeca OY
6.1.7 Carestream Health Inc.
6.1.8 Dentsply Sirona
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Dental Devices Industry Segmentation
According to the scope of the report, medical devices are used to treat dental problems and maintain dental health. The Argentine dental devices market is segmented by product (general and diagnostics equipment, dental consumables, and other dental devices), treatment (orthodontic, endodontic, periodontic, and prosthodontic), and end user (hospital, clinics, and other end users). The report offers the value (in USD million) for the above segments.
| By Product | ||||||
| ||||||
| Dental Consumables | ||||||
| Other Dental Devices |
| By Application | |
| Orthodontic | |
| Endodontic | |
| Peridontic | |
| Prosthodontic |
| By End User | |
| Hospitals | |
| Clinics | |
| Other End Users |
Argentina Dental Devices Market Research FAQs
What is the current Argentina Dental Devices Market size?
The Argentina Dental Devices Market is projected to register a CAGR of 6.70% during the forecast period (2024-2029)
Who are the key players in Argentina Dental Devices Market?
Henry Schein, Inc., Envista Holdings Corporation, 3M, Straumann Holding AG and Planmeca OY are the major companies operating in the Argentina Dental Devices Market.
What years does this Argentina Dental Devices Market cover?
The report covers the Argentina Dental Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Dental Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Dental Devices Industry Report
Statistics for the 2024 Argentina Dental Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Dental Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
