Taiwan Dental Equipment & Implants Market to Grow at 12.0% CAGR till 2027; Widespread Presence of Private Dental Clinics in Taiwan to Boost the Market

The Taiwan dental equipment & implants market size is projected to reach USD 331.3 million by 2027 owing to the rising uptake of advanced medical equipment by hospitals and dental clinics in the country, shares Fortune Business Insights™ in its report, titled “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”. As per the report, the value of the market was at USD 157.2 million in 2019 and the market is expected to register a CAGR of 12.0% from 2020 to 2027.

The COVID-19 pandemic is anticipated to have a low impact on the market growth as strict lockdowns were never imposed and all types of healthcare facilities have remained open in the country. However, postponement of non-essential dental procedures, such as dental X-rays, along with disruptions in supply chains has affected the growth of the market to a limited extent.

Dentsply Sirona Develops Cutting-Edge Imaging Solutions

In a ground-breaking effort to enhance patient satisfaction and simplify procedures for dentists, Dentsply Sirona announced the development and launch of two imaging technologies, Axeos and Schick AE, in October 2020. The Axeos 2D/3D system utilizes smart low-dose exposure to capture high-quality images and provides convenience features such as quick scan times and smart height adjustment, delivering superior comfort to patients and dentists alike. The Schick AE system is equipped with an intraoral sensor that combines sharp resolution capabilities with optimized data display along with unique filtering functions to provide precise diagnostics.   

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https://www.fortunebusinessinsights.com/taiwan-dental-equipment-implants-market-104279

Growing Incidence of Periodontitis in Taiwan to Brighten Market Prospects

Periodontitis is a serious gum disease that usually leads to tooth loss and damages soft tissue. In Taiwan, data analysis conducted by National Health Insurance Taiwan found that the prevalence of periodontitis increased from 11.5% in 1997 to 19.59% in 2013. This prevalence is likely to rise in the next decade as the likelihood of developing periodontitis increases with age. For example, according to studies published in the International Journal of Dental Hygiene and the Journal of Periodontal Research, severe periodontitis is common among older age groups.

Taiwan’s geriatric population is expanding rapidly. The country’s National Development Council estimates that 20% of Taiwan’s population will 65 years of age or older by 2026, creating a “super-aged” society. The Taiwan dental equipment & implants market will benefit from these demographic changes as an older population with complex dental issues will inevitably require the employment of advanced dental solutions, which will encourage companies to innovate.

Strategic Takeovers by Key Market Players to Foster Intense Competition

With a view to deepen and broaden their presence in the Taiwanese dental industry, key players in the market are making strategic acquisitions of regional companies and are conducting research & development activities to gain further ground in the country. This strategy is enabling global players to establish their operations as well as leverage the acquired companies’ domestic distribution and supply chain networks to release their products to dentists and healthcare facilities across Taiwan.

Industry Development:

• September 2018: The Straumann Group announced the purchase of more shares in T-Plus, a leading dental implant manufacturer in Taiwan, to acquire a controlling stake in the company. The transaction will need to be approved by the Taiwan Investment Commission.  

List of Key Players Covered in the Taiwan Dental Equipment & Implants Market Report:

• Po Ye X-Ray Mfg. Corp. (New Taipei City, Taiwan)
• A-dec Inc. (Newberg, Oregon, U.S.)
• VATECH (South Korea)
• Institut Straumann AG (Basel, Switzerland)
• T-Plus Implant Tech. Co., Ltd. (New Taipei City, Taiwan)
• BIOLASE, Inc. (Irvine, U.S.)
• Biomate Medical Devices Technology Co., Ltd. (Kaohsiung City, Taiwan)
• Dentsply Sirona (Pennsylvania, United States)

Further Report Findings:

• The hospitals segment led the Taiwan dental equipment & implants market share with 48.3% in 2019 and is anticipated to maintain its dominant position during the forecast period owing to the active adoption of digital dental technologies by hospitals in the country.
• The predominant utilization of dental X-ray equipment for diagnosis of disorders and diseases will ensure the stable growth of the dental X-ray segment in the near future.

Table of Segmentation: