Taiwan Dental Equipment & Implants Market Size, Share & COVID-19 Impact Analysis, By Product Type (Dental Equipment {Dental Radiology Equipment, Dental Lasers, Dental Surgical Navigation Systems, and Others} and Dental Implants); By End User (Dental Equipment) {Hospitals, Dental Clinics, and Others}; and By End User (Dental Implants) {Hospitals, Dental Clinics, and Others}, 2020-2027

The Taiwan dental equipment & implants market size was valued at USD 157.2 million in 2019 and is projected to reach USD 331.3 million by 2027, exhibiting a CAGR of 12.0% during the forecast period.

The increasing prevalence of dental disorders in Taiwan, a rapidly growing geriatric population, and rising awareness about dental hygiene among the people are the factors expected to drive the growth of the market during the forecast period. Additionally, growing medical tourism and rising penetration of digital dental equipment in Taiwan are expected to offer lucrative opportunities for market growth. Taiwan's healthcare is one of the top-ranked healthcare systems in the world due to its high efficiency and advanced capabilities. Lastly, Taiwan's rising grey population is contributing considerably to making improvements in the country’s dental sector.

COVID-19 Pandemic to Have Minimal Impact on the Taiwan Dental Equipment & Implants Market

The coronavirus pandemic is having an unprecedented impact on the global society and economy in general and the dental industry in particular. However, the impact on the Taiwanese dental industry is not expected to be as strong as compared to other countries. Taiwan, despite being in close proximity to China, has been one of the least impacted countries by the pandemic. As of September 25, 2020, the country reported only 509 coronavirus cases, out of which 480 recovered and 7 died.  The country has never imposed any lockdown measures and all healthcare facilities, including dental clinics, have been fully operational.  

Nonetheless, the coronavirus pandemic has had some negative impacts on the Taiwan dental equipment & implants market growth. This is attributable to various factors such as disruption of supply chains, the unwillingness of patients to visit healthcare facilities, especially dentists, due to the fear of getting infected, and the postponement of elective surgical procedures. For instance, according to the National Health Insurance Statistics, in Taiwan, the total patient visits to hospitals and clinics between January 2020 and March 2020 dropped 14% to 26.9 million from 31.4 million as compared to the first quarter of the previous year.

However, most of these procedures have been postponed and not canceled and are anticipated to generate revenue during the latter end of the year.

LATEST TRENDS

Shift towards Digital Dental Equipment from Conventional Dental X-rays to Fuel Growth

Taiwan offers enormous potential as a medical tourism destination. The country provides a wide array of medical services, including preventive healthcare, plastic surgeries, dental surgeries, weight control solutions, sleep medications, cardiac surgeries, joint replacements, organ transplantations, and several others. Taiwan's advances in digital healthcare have contributed to global disease prevention and universal health coverage. The country’s healthcare providers are showing an increasing inclination towards digital dental equipment due to the various advantages offered by it such as reduced diagnosis time and improved cost-saving.

This has also led the market players in this field to invest in the research and development of digital dental equipment. For instance, in August 2017, VATECH introduced its newest digital panoramic radiographic system that pushes the limits of 2D digital imaging. Therefore, such launches are contributing to driving market growth in Taiwan.

DRIVING FACTORS

Increasing Prevalence of Dental Disorders to Fuel the Market

Dental disorders are prevalent in both developing and developed countries. The high prevalence of dental disorders among adolescents, adults, and older individuals makes them a public health concern. Several risk factors such as smoking, poor oral hygiene, diabetes, medication, age, hereditary, and stress are related to various dental disorders.

Among dental disorders, periodontal disease is the most prevalent oral disease among adults in Taiwan. Currently, in Taiwan, periodontitis is reported to have affected more than half of the adult population, with the definition of community periodontal index ≥3. For instance, according to a research article published by ResearchGate in 2013, the extent of tooth loss among older adults in Taiwan increases with age; 12.6% of adults aged 65 and older are edentulous and the number of adults needing prostheses increased from 39.7% to 61.3% with increasing age. Therefore, the increasing prevalence of dental disorders among the Taiwanese is anticipated to increase the need for dental care and prostheses, thus spurring market growth during the forecast period.

RESTRAINING FACTORS

High Treatment Costs Associated with Dental Implants to Hamper Growth

The cost of undergoing an extensive dental implant treatment is extremely high in Taiwan when considered in relation to the country’s per capita income. For instance, according to the Taiwanese Consumers’ Foundation (CF) survey, in 2016, the price for a single dental implant in Taiwan was found to be between NT$40,000 and NT$150,000 (US$4,663), which is significantly high considering the country’s per capita income. Also, according to the report by the CF, to afford one dental implant, a Taiwanese person would have to work between 334 and 1,250 hours, someone in the US between 77 and 359 hours, while a person in Japan would need to work between 213 and 284 hours. Therefore, the aforementioned factors are likely to restrict the growth of the market during the forecast period.

SEGMENTATION

By Product Type Analysis

Dental Equipment Segment Registered the Highest Revenue in 2019

On the basis of product type, the Taiwan dental equipment & implants market segments include dental equipment and dental implants. The dental equipment segment held the dominating share in 2019 attributable to the growing adoption of various dental equipment such as dental X-rays, dental lasers, dental surgical navigation systems among the dentists, and the rising number of launches in this segment. For instance, in May 2019, Kuo Hwa Dental Suppliers Co. announced the launch of LiteTouch Er: YAG dental laser during an event in Taiwan.

The dental equipment market segment is further categorized into dental X-rays, dental lasers, dental surgical navigation systems, and others. Among these, the dental X-ray segment is estimated to lead the market owing to its predominant use in the diagnosis of various dental disorders. The others segment contains products such as dental chairs, CAD/CAM equipment, sterilizers, dental handpieces, lights, other dental instruments, ultrasonic scalers, cabinets, furnace, etc.

By End User (Dental Equipment) Analysis

Hospitals Dominated the Market in 2019

Based on end users (dental equipment), the market is categorized into hospitals, dental clinics, and others. Among these, the hospital segment held the dominating share in 2019. Factors attributed to the growth of this segment include improved access to the highly advanced and digitally modified dental equipment and the growing number of hospitals with dental departments in the country. Increasing research and development activities by the leading players to develop advanced products are likely to benefit dental units in terms of gaining patient volume. Additionally, the growing prevalence of dental disorders in Taiwan will further drive the hospital segment’s growth by 2027.

By End User (Dental Implants) Analysis

On the basis of end users (dental implants), the market segments include hospitals, dental clinics, and others. Here, the dental clinics segment accounted for the highest share of the market. Its dominance is attributable to a large number of dental surgeons in Taiwan practicing privately rather than serving in hospitals due to the higher monetary benefits. For example, according to an article published by ScienceDirect, the total number of dental clinic dentists increased from 2930 in 1986 to 12,596 in 2018 in Taiwan.

Moreover, the growing number of dental clinics as compared to hospitals in the country is another factor responsible for the dominance of the segment.

KEY INDUSTRY PLAYERS

Key Players to Command the Market Backed by Diverse Portfolios, Extensive Distribution Networks, and Strong Brand Presence

There are various players operating in Taiwan dental equipment & implants market, with some specializing in dental equipment, some in dental implants, and some in both. Dentsply Sirona, for instance, is one of the major players operating in both dental equipment and dental implants, offering a comprehensive product line and services. Other players such as BIOLASE, Inc., VATECH, Onex Corporation, (Carestream Health) and Institut Straumann AG are continuously engaged in the development of novel dental products and are widening their distribution channels across the country.

LIST OF KEY MARKET PLAYERS PROFILED:

• Institut Straumann AG (Basel, Switzerland)


• Dentsply Sirona (Pennsylvania, United States)


• VATECH (South Korea)


• Biomate Medical Devices Technology Co., Ltd. (Kaohsiung City, Taiwan)


• A-dec Inc. (Newberg, Oregon, U.S.)


• BIOLASE, Inc. (Irvine, U.S.)


• Po Ye X-Ray Mfg. Corp. (New Taipei City, Taiwan)


• T-Plus Implant Tech. Co., Ltd. (New Taipei City, Taiwan)

KEY INDUSTRY DEVELOPMENTS:

• June 2019 - A-dec Inc. announced the launch of its flagship A-dec 500 dental delivery system, which is a highly integrated system that offers working flexibility to dentists while having more focus on patients.


• March 2019 - Dentsply Sirona introduced new implant solutions, namely Astra Tech Implant System, Ankylos, and Xive, at the world’s largest dental fair, IDS, in Cologne, Germany.

REPORT COVERAGE

The Taiwan dental equipment & implants market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product type, and end user. Besides this, the report offers insights into market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market over recent years.

Report Scope & Segmentation