Dental Instruments Market

The article discusses the expected decline in consumption of dental instruments over the next eight years, with a projected decrease in both market volume and value. It highlights the significant increase in consumption in 2022, leading to peak levels of consumption and growth in the market. The global market size, production, imports, and exports of dental instruments are analyzed, showcasing trends and notable growth rates in various countries. Overall, the article provides insights into the current state and future prospects of the dental instruments industry.

Market Forecast

The dental instruments market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -4.5% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 2.8B units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -4.0% for the period from 2022 to 2030, which is projected to bring the market value to $125.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Instruments For Dental Sciences

In 2022, consumption of instruments for dental sciences increased by 178% to 4.1B units, rising for the seventh year in a row after two years of decline. Overall, consumption saw a significant increase. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The global dental instruments market size surged to $173.9B in 2022, with an increase of 286% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Spain (581M units), the Netherlands (493M units) and Italy (463M units), together comprising 37% of global consumption.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +87.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Spain ($22.6B), Italy ($17.5B) and France ($17.1B) constituted the countries with the highest levels of market value in 2022, with a combined 33% share of the global market.

Among the main consuming countries, Spain, with a CAGR of +85.9%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of dental instruments per capita consumption was registered in the Netherlands (28 units per person), followed by Spain (12 units per person), Portugal (11 units per person) and Belgium (9.7 units per person), while the world average per capita consumption of dental instruments was estimated at 0.5 units per person.

In the Netherlands, dental instruments per capita consumption increased at an average annual rate of +85.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+87.4% per year) and Portugal (+80.8% per year).

Production

World Production of Instruments For Dental Sciences

In 2022, global dental instruments production surged to 2.7B units, growing by 45% on the year before. Over the period under review, production continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 95% against the previous year. Global production peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, dental instruments production amounted to $12B in 2022 estimated in export price. In general, production showed a prominent increase. The growth pace was the most rapid in 2020 with an increase of 51% against the previous year. As a result, production attained the peak level of $12.6B. From 2021 to 2022, global production growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (1.1B units), Germany (633M units) and the United States (272M units), with a combined 73% share of global production. Austria, Russia, Denmark, India, the UK and Brazil lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Brazil (with a CAGR of +86.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Instruments For Dental Sciences

In 2022, purchases abroad of instruments for dental sciences increased by 314% to 4.6B units, rising for the fifth consecutive year after four years of decline. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments imports declined to $6.8B in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35%. As a result, imports reached the peak of $6.8B, leveling off in the following year.

Imports By Country

The countries with the highest levels of dental instruments imports in 2022 were France (666M units), Spain (582M units), Germany (574M units), the Netherlands (526M units) and Italy (458M units), together finishing at 61% of total import. Romania (149M units), Poland (124M units), Finland (117M units), the United States (116M units), Belgium (115M units), Portugal (110M units), China (105M units) and Greece (91M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +87.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest dental instruments importing markets worldwide were the United States ($1.2B), Germany ($651M) and the Netherlands ($483M), together comprising 34% of global imports.

Among the main importing countries, the Netherlands, with a CAGR of +13.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average dental instruments import price amounted to $1.5 per unit, dropping by -76% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 40%. Over the period under review, average import prices attained the maximum at $15 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($10 per unit), while Spain ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.7%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Instruments For Dental Sciences

For the sixth consecutive year, the global market recorded growth in shipments abroad of instruments for dental sciences, which increased by 112% to 3.2B units in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of 317%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, dental instruments exports stood at $6.9B in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports By Country

China (1B units) and Germany (1B units) represented roughly 63% of total exports in 2022. It was distantly followed by the United States (307M units), France (218M units) and Austria (149M units), together achieving a 21% share of total exports. The following exporters - Denmark (111M units) and Poland (79M units) - together made up 6% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +71.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($1.5B) remains the largest dental instruments supplier worldwide, comprising 22% of global exports. The second position in the ranking was taken by the United States ($639M), with a 9.3% share of global exports. It was followed by China, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +2.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+1.7% per year) and China (+14.3% per year).

Export Prices By Country

The average dental instruments export price stood at $2.2 per unit in 2022, which is down by -52.7% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of 45% against the previous year. As a result, the export price reached the peak level of $36 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Denmark ($2.2 per unit), while China ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-16.1%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform