Market Size of Australia Dental Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia Dental Device Market Analysis
Australia dental devices market is expected to register a CAGR of 6.2% over the forecast period.
The COVID-19 pandemic had a significant impact on the dental industry in Australia. The restrictive public health measures and lockdowns led to significant impacts on Australian dentists during the early period of the pandemic. For instance, according to an article published by Elsevier Public Health Emergency Collection in May 2022, the major challenge faced by dentists in Australia was to adjust their services and workflows to ensure patient safety and minimize the risk of transmission. This subsequently led to decreased demand for dental devices in Australia, which majorly affected the overall market. However, the market is gradually stabilizing as COVID-19 cases are declining. Thus, an increase in dental procedures is expected to have a significant impact on the Australian dental devices market over the forecast period.
Factors propelling the growth of the Australian market for dental devices include the increasing burden of oral diseases, an aging population, and technological advancements in dentistry. For instance, as per the report published in March 2023 by the Australian Institute of Health and Welfare, the Patient Experience Survey 2021-22 (ABS 2022) found that for people aged 15 and over, it is estimated nearly half (49%) visited a dental professional in the last 12 months, and of those who needed to and saw a dental professional, the majority (57%) visited more than once in the last 12 months. Thus, an increase in dental visits led to an increase in the demand for dental devices, thereby driving the growth of the market.
Additionally, various initiatives taken, such as funding, product launches, and approvals, are expected to boost the market's growth during the forecast period. For instance, according to the 2022-23 Australian Budget, Primary Health Care 10-Year Plan supporting access to dental care, the Australian Government will invest more than USD 107.8 million towards adult public dental patient services for concession card holders. Such an initiative is expected to drive market growth.
Therefore, the factors mentioned above, such as the increasing burden of oral diseases, the aging population, and technological advancements in dentistry, are attributed collectively to the studied market growth over the forecast period. However, the increasing cost of dental surgeries in the country and the rising usage of refurbished dental devices are some of the factors restraining the market growth in Australia.
