Market Size of Brazil Dental Equipment Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 5.80 % |
| Market Concentration | Medium |
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?
Brazil Dental Equipment Market Analysis
The Brazil dental equipment market is expected to register a CAGR of 5.8% over the forecast period.
With the pandemic outbreak, there was a decrease in hospital visits associated with dental treatments. The fear of getting infected with the virus and the postponement of dental surgery procedures and online consultations were significant factors contributing to decreased dental treatment visits. This subsequently led to a decrease in dental equipment demand, which slowed the market growth during the pandemic. For instance, according to the NCBI research article published in June 2021, in terms of the decline in dental procedures performed in the Brazilian Public Dental Service, the COVID-19 pandemic's effects were notable, where the lack of access, postponement of elective treatments, and absence of collective preventive measures led to an overburdened system. However, the impact was short-term. During the later phase of the pandemic, with the ease of restrictions and lockdowns, dental visits increased in Brazil. Thus, despite slow growth during the initial phase of the pandemic, the market started to gain momentum from the later phase of the pandemic and is expected to continue the upward trend over the forecast period.
The factors such as rising government initiatives, a high number of dentists and growing cosmetic dentistry, and technological advancements in dentistry in Brazil are driving the market growth. For instance, the research article published in April 2021 by Brazilian Oral Research (BOR) reported that 90.0% of the target population had lost at least one tooth, and 3,9.0% had lost more than eight teeth in an isolated population of Brazil. This higher tooth loss was associated with adult age and female gender. Thus, researchers at BOR suggested that age and gender were the significant risk indicators of tooth loss in the Brazilian population. Such tooth loss prevalence among the Brazilan population is anticipated to drive the demand for dental equipment as it is used for treating and diagnosing dental problems. Hence, considerable market growth is expected over the forecast period.
Moreover, product approval, new product innovation, and research & development in the segment are also expected to contribute to market growth. For instance, in May 2022, Brazilian Patent and Trademark Office issued a patent for Ortek Therapeutics, Inc., a company developing and commercializing novel oral care technologies which covered the Ortek-ECD, a revolutionary electronic cavity detection device that can detect tooth decay often missed by X-rays. Such developments are expected to create new opportunities for the market, which, in turn, will fuel the market growth over the forecast period.
However, the high cost of devices may hinder market growth over the forecast period.
