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Argentina Dental Devices Market Size (2024 - 2029)

The Argentine dental devices market is projected to experience growth over the forecast period, driven by an increasing aging population and a rising incidence of dental diseases. The demand for cosmetic dentistry and innovations in dental products are also contributing to the market's expansion. However, the market's growth is challenged by the lingering effects of the COVID-19 pandemic, which disrupted dental services and may have lasting impacts on demand. Additionally, limited dental care reimbursement and awareness are expected to impede further market development.

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Market Size of Argentina Dental Devices Industry

Argentina Dental Devices Market Summary
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

Argentina Dental Devices Market 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 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
General and Diagnostics Equipment
Dental Laser
Radiology Equipment
Dental Chair and Equipment
Other General and Diagnostic Equipment
Dental Consumables
Other Dental Devices
By Application
Orthodontic
Endodontic
Peridontic
Prosthodontic
By End User
Hospitals
Clinics
Other End Users
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Argentina Dental Devices Market Size Summary

The Argentine dental devices market is poised for growth, driven by several key factors including an aging population, increasing incidence of dental diseases, and a rising demand for cosmetic dentistry. The market is expected to expand steadily over the forecast period, despite challenges posed by the COVID-19 pandemic, which had previously led to the suspension of non-emergency dental procedures. The geriatric population's growth is particularly significant, as it correlates with a higher prevalence of dental issues, thereby boosting the demand for dental devices. Additionally, innovations in dental products and the increasing application of prosthodontic equipment are contributing to market expansion. However, the lack of adequate dental care reimbursement and awareness may pose challenges to market growth.

The market's growth is further supported by increased healthcare spending and the expansion of healthcare facilities in Argentina. The country's healthcare expenditure is among the highest in the region, with a significant portion allocated to medical equipment imports. The presence of a robust union-run health insurance system also ensures a steady demand for dental treatments, thereby driving the market. Initiatives by key industry players, such as distribution agreements and product launches, are expected to enhance market dynamics. The competitive landscape is characterized by a few major companies, including 3M, Envista Holdings Corporation, and Henry Schein Inc., which hold significant market shares. These factors collectively indicate a positive outlook for the Argentine dental devices market over the coming years.

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Argentina Dental Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Aging Population Coupled with Increasing Incidence of Dental Diseases

      2. 1.2.2 Increasing Demand for Cosmetic Dentistry

      3. 1.2.3 Innovation in Dental Products

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Proper Reimbursement of Dental Care

      2. 1.3.2 Lack of Awareness

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product

      1. 2.1.1 General and Diagnostics Equipment

        1. 2.1.1.1 Dental Laser

        2. 2.1.1.2 Radiology Equipment

        3. 2.1.1.3 Dental Chair and Equipment

        4. 2.1.1.4 Other General and Diagnostic Equipment

      2. 2.1.2 Dental Consumables

      3. 2.1.3 Other Dental Devices

    2. 2.2 By Application

      1. 2.2.1 Orthodontic

      2. 2.2.2 Endodontic

      3. 2.2.3 Peridontic

      4. 2.2.4 Prosthodontic

    3. 2.3 By End User

      1. 2.3.1 Hospitals

      2. 2.3.2 Clinics

      3. 2.3.3 Other End Users

Argentina Dental Devices Market Size FAQs

The Argentina Dental Devices Market is projected to register a CAGR of 6.70% during the forecast period (2024-2029)

Henry Schein, Inc., Envista Holdings Corporation, 3M, Straumann Holding AG and Planmeca OY are the major companies operating in the Argentina Dental Devices Market.

Argentina Dental Devices Report Snapshots

Argentina Dental Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)