Latin America Dental Equipment Market Size analysis:
Latin America Dental Equipment Market was worth USD 666 Million in 2018 and is anticipated to reach around USD 991.9 Million by the end of 2025, with a growth potential of 5.99% CAGR.
Growth Drivers and Restraints:
The circumstances that are driving the growth of the Latin America dental equipment market are growing demand for cosmetic surgery, increasing the geriatric population, increasing dental clinics, and practitioners offering large-level dental care services and dental implants at less price to the end user. Lack of proper reimbursement policies, rigorous regulatory framework are the restraints that are inhibiting the Latin America dental equipment market.
The market increase can be attributed to key factors such as rising demand for dental procedures, the prevalence of dental disorders, and an increase in medical tourism activities pertaining to these procedures. Moreover, the rising geriatric population and demand for restorative, preventive, and surgical services for dental care is likely to boost the growth.
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Important advantages associated with these devices include the regeneration of ligament tissues and bones, removal of bleeding, and surgery discomforts. As a result, those lasers are expected to witness a lucrative extension in the forthcoming years. Moreover, technological improvements have further increased its market revenue enabling the use of portable lasers in home care settings to enhance patient comfort. Increasing the adoption of lasers among tooth-yanker and general practitioners, technological improvements pertaining to develop cost-effective diodes, and low operational cost and high accuracy are the other circumstances that are likely to boost the market growth in Latin America in the coming years.
Improvements in the treatment and diagnostic technologies and the growing cosmetic dentistry are some of the important factors that are estimated to stimulate the growth of this regional market in the next few years. In addition, the increasing trend of dental tourism in the developing economies is prophesied to enhance the overall growth of the market in the near future. The growing geriatric population is one more important factor, which is estimated to increase the demand for dental equipment in the near future.
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Regional Segmentation:
on the basis of geography, the Latin America Market is classified under various regions namely, Argentina, Brazil, and Mexico.
Some of the important players influencing the Latin America Dental Equipment market are Danaher Corporation, Planmeca Oy, A-dec Inc., Dentsply Sirona, Carestream Health, Inc., AMD LASERS, Biolase, Inc., Midmark Corporation, Ivoclar Vivadent AG, and 3M.
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