Market Size of Argentina Dental Devices Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
