Latin America Dental Devices Market Size

Latin America Dental Devices Market Analysis

Latin America Dental Devices Market is poised to grow at a CAGR of 7.1% over the forecast period.

The COVID-19 pandemic has affected the dental devices market significantly in Latin America. As per the article published in August 2021 in PLOS ONE Journal, around 37.9% of the dentists in the country faced a 10-50% reduction in their income during the pandemic, whereas 35.6% had more than 50% of income reduction. This was majorly due to the number of people visiting dentists out of fear during the pandemic. In another survey study published in the BioMed Central Journal (BMC) in March 2022, around 85% of the patient visits in the region were reduced as fear of spreading Covid-19 infection which resulted in a huge financial imbalance across the dental industry. Hence, looking at such studies, it is observed that the covid pandemic has significantly impacted the market studied in the Latin America region. However, since the lockdown restrictions were lifted, the industry has been recovering well. Over the last two years, the market recovery has been led by the high prevalence of dental diseases that require treatment with dental devices and new product launches.

According to the study published by the Research Society and Development in January 2021, the prevalence rate of dental caries among 5-year-old Brazilian children was 49.8%, and the difference between the prevalence rates in North and Southeast Brazil was 21.2%. The high prevalence rate of dental caries among Brazilian children in the country is contributing to the healthy growth of the market. An article published in April 2021 by Brazilian Oral Research (BOR) reported that 90% of the target population had lost at least one tooth, and 39% 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 major risk indicators of tooth loss in the Brazilian population. Such prevalence of tooth loss among the population in Brazil is anticipated to drive the demand for dental equipment used for treatment and diagnosis. Hence, expected to boost the market growth over the study period.

Thus, all aforementioned factors, such as the rising prevalence of dental diseases, are expected to boost the market over the forecast period. However, the lack of proper reimbursement in dental care is expected to restrain the market over the forecast period.