Report : South and Central America Dental Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Dental Restorative, Dental Orthodontics, Dental Consumables, and Other Specialties) and Application (Hospitals, Dental Clinics, and Others)
Hospitals Segment to Dominate South and Central America Dental Market during 2019–2028
According to a new market research study on “South and Central America Dental Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 4,465.41 million by 2028 from US$ 2,798.60 million in 2021. The market is estimated to grow at a CAGR of 6.9% from 2021 to 2028. Adoption of mini-dental implants is the major factor driving the growth of the South and Central America dental market. However, limited reimbursements may hinder the growth of South and Central America dental market. The report provides trends prevailing in the South and Central America dental market along with the drivers and restraints pertaining to the market growth.
Brazil is recognized for its medical tourism industry; however, due to COVID-19, Brazil restricted travelling, which significantly affected the medical tourism industry. Health authorities are worrying that attempting to fight the coronavirus will indirectly contribute to an increase in deaths of ill patients, including cancer patients, gynecology patients, and other causes. The death pool of ill patients in low-cost regions is expected to increase because healthcare professionals are having limited their patients checking as many hospitals have limited resources and staff. According to the World Health Organization, by September, more than 4,544,629 reported cases of COVID-19 in Brazil and 136,895 associated deaths. As a result, dental professionals across the country have had to respond rapidly and perform appropriate safety measures to contain the spread of the SARS-CoV-2 virus that causes this disease. A nationwide survey of dentists was carried out in Brazil via email and an Instagram campaign to analyze how dental coverage has been affected (public versus private networks). The study presents early evidence of three significant impacts of the pandemic on dentistry in Brazil:
• increasing differences due to coverage disagreements between public and private networks
• approval of new clinical routines, which are linked with an economic burden
• associations of regional COVID-19 incidence and mortality with fear of contracting the disease at work
In some emergency, governments are taking measures to help the ill person, as in-person doctor’s appointments are being now conducted over phone call or video consultation. People are rescheduling their elective surgeries due to COVID-19.
The South and Central America dental market is segmented into type, application, and country. The South and Central America dental market based on the type is segmented into dental restorative, dental orthodontics, dental consumables, and other specialties. In 2020, the dental consumables segment held the largest share South and Central America dental market. Based on dental restorative the market is divided into dental implants, dental prosthetics, and implant accessories. In 2020, the dental implants segment held the largest share South and Central America dental market. Based on dental orthodontics the market is divided into fixed braces and clear aligners. In 2020, the fixed braces segment held the largest share South and Central America dental market. Based on application, the South and Central America dental market is segmented into hospitals, dental clinics, and others. The hospitals segment held the largest share of the market in 2020. Similarly, based on country, the market is segmented into the Brazil, Argentina, and rest of South and Central America. Brazil contributed a substantial share in 2020.
3M; Align Technology, Inc.; Carestream Dental LLC; Danaher; Dentsply Sirona; Ivoclar Vivadent AG; PLANMECA OY; Shofu Global; Ultradent Products Inc; and Zimmer Biomet are among the leading companies in the South and Central America dental market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Carestream Dental had partnered with SLOWDENTISTRY to promote the use of digital dental technology and ensure it’s being used to its fullest potential. Through this partnership, Carestream Dental will be able to offer select membership opportunities to its users.
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