Mexico Dental Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Mexico dental devices market is expected to register a CAGR of 6.8% over the forecast period-2022-2027.
COVID-19 has adversely impacted the dental devices market in the initial days of the pandemic. According to the study titled, "How Dentists Face the COVID-19 in Mexico: A Nationwide Cross-Sectional Study" published in February 2021, the dentists attended only emergency cases and measures were applied to reduce aerosol generation. A survey result was also published in the study that showed that the dentists followed the recommendation to only attend dental emergencies (67.9%), while the other percentage chose not to attend any patient during the quarantine (14.8%). Furthermore, the survey also revealed that Mexican dentists who responded to the survey reported that only a small percentage of the Mexican dentists, decided to continue their consultation during the pandemic. Therefore, the outbreak of the pandemic adversely impacted the dental devices market in Mexico.
Increasing awareness about oral care, increasing incidences of dental diseases due to increasing cases of diabetes, and innovation in dental products are the major drivers for market over the forecast period. 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 titled, "Risk Indicators of Tooth Loss Among Mexican Adult Population: A Cross-Sectional Study" published in October 2021, more than half of the population has at least 1 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 devcices is anticipated to increase, thereby propelling the market growth over the forecast period.
However, high cost of surgeries is likely to hinder the market growth over the forecast period.
Key Market TrendsProsthodontic Segment is Expected to Witness Growth Over the Forecast PeriodProsthodontics is a specialty within dentistry that helps in the design, creation, and placement of replacements for chipped, broken, or missing teeth. Common materials used in prosthetic surgery include veneers, crowns, implants, and dentures. Prosthodontics treatments include dental bonding, dental implants, bone grafting, dental crowns, and dental bridges.
The increasing geriatric population in Mexico is one of the major drivers contributing to the segment growth. For instance, as per the data published by Knoema, in 2021, the population aged 65 and over in Mexico was 7.8%. Over the past 50 years, the population aged 65 and over in Mexico has increased substantially from 3.8% to 7.8% at an increasing annual rate, reaching a peak of 2.82% in 2021. Prosthodontics is one of the most common procedures among the geriatric population. Prosthodontics generally deals with the replacement of lost teeth using substitutes like porcelain veneers, grounds, dental implants, and dentures. Generally, such problems are common among the geriatric population. Therefore, the increasing geriatric population in Mexico is anticipated to propel the demand for dental devices, hence considerable segment growth is expected over the forecast period.
Competitive LandscapeThe Mexico dental devices market is moderately competitive with the presence of some big players. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known including Carestream, Zimmer Biomet, Danaher Corporation, 3M, and Dentsply Sirona among others.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook