Market Insights Health Medical Technology Medical Devices

Dental Devices - Thailand

Thailand

Revenue in the Dental Devices market market in Thailand is projected to reach €9.57m in 2024.
This revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 9.16%, leading to a market volume of €14.83m by 2029.
In a global context, the majority of revenue will be generated the United States, which is anticipated to reach €6,865.00m in 2024.
Thailand's dental devices market is experiencing robust growth driven by increasing dental tourism and rising awareness of oral health among its population.

Key regions: Germany, Europe, Japan, Spain, Netherlands

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Analyst Opinion

The Dental Devices Market in Thailand is undergoing considerable growth, fueled by factors like rising dental health awareness, an increasing elderly population, and advancements in technology, which enhance treatment options and accessibility for patients.

Customer preferences: Consumers in Thailand are increasingly prioritizing oral health, leading to a rising demand for advanced dental devices, including digital scanners and 3D printing technologies. A growing emphasis on cosmetic dentistry reflects changing societal norms and beauty standards, particularly among younger generations. Additionally, as the elderly population expands, there is a heightened interest in restorative and preventive dental care solutions. This shift is further supported by the integration of tele-dentistry services, allowing for greater accessibility and convenience in dental consultations and treatments.

Trends in the market: In Thailand, the Dental Devices Market is experiencing significant growth driven by a surge in demand for advanced technologies such as digital scanners and 3D printing. This trend is largely influenced by evolving societal norms that prioritize cosmetic dentistry, particularly among younger demographics seeking aesthetic enhancements. Additionally, the expanding elderly population is fostering interest in restorative and preventive dental solutions. The rise of tele-dentistry is further enhancing accessibility, enabling remote consultations that cater to diverse patient needs. These developments present valuable opportunities for industry stakeholders to innovate and expand their service offerings.

Local special circumstances: In Thailand, the Dental Devices Market is shaped by unique local factors, including a rich cultural emphasis on aesthetics and oral health stemming from traditional beliefs in beauty and social status. This cultural backdrop drives demand for cosmetic procedures, particularly among urban youth. Additionally, Thailand's regulatory environment supports innovation in medical technology, with government initiatives promoting the adoption of advanced dental devices. The country's diverse geography, comprising urban centers and remote areas, also enhances the appeal of tele-dentistry, ensuring broader access to dental care across various demographics.

Underlying macroeconomic factors: The Dental Devices Market in Thailand is significantly influenced by macroeconomic factors such as economic growth, healthcare spending, and demographic trends. As the Thai economy continues to develop, rising disposable incomes lead to increased consumer spending on dental aesthetics and advanced treatments. Government fiscal policies that prioritize healthcare investment and innovation further bolster the market, encouraging the introduction of state-of-the-art dental technologies. Additionally, the growing urban population and a heightened focus on preventive care amplify the demand for diverse dental devices, making access to quality dental services more critical across various economic strata.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.