South Korea Dental Devices Market Insights Forecasts to 2032

• The South Korea Dental Devices Market Size was valued at USD 1.23 Billion in 2022.
• The Market Size is growing at a CAGR of 4.11% from 2022 to 2032.
• The South Korea Dental Devices Market Size is expected to reach  USD 1.84 Billion by 2032.

The South Korea Dental Devices Market Size is expected to reach USD 1.84 billion by 2032, at a CAGR of 4.11% during the forecast period 2022 to 2032.

Market Overview

Dental equipment is a collection of tools used to examine, manipulate, treat, and restore oral disorders. Factors such as an ageing population with oral diseases, evolving medical tourism for dental treatment, and the launch of multiple government initiatives for public oral health care are expected to drive industry growth. Furthermore, major companies' introduction of advanced and efficient dental products is fueling market growth in South Korea. South Korea offers high-quality dental care on the whole. As the country's medical environment and dental services evolve, the importance of educating dentists in response to systemic emergencies grows. The national dental scaling insurance policy in South Korea has significantly increased socioeconomic disparities in dental scaling usage. In addition, the dental medical device market is expanding among the elderly as the population ages, as is the relationship between oral and systemic diseases and technological advances. It exhibits a consistent growth trend as the importance of oral hygiene is emphasized in people's quality of life. Moreover, the rising incidence of dental problems, increased demand for cosmetic dentistry, and rising awareness for dental treatment are a few other factors driving market growth.

Report Coverage

This research report categorizes the market for South Korea dental devices market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korean dental devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korean dental devices market.

Driving Factors

Dental problems are extremely common all in South Korea. The major causes of the rising number of dental disorders are smoking, poor oral hygiene, diabetes, medication, age, hereditary, and stress. Many countries face a significant health burden as a result of these disorders, which affect people throughout their lives, causing pain, discomfort, disfigurement, and even death. As a result, there is a greater awareness of oral health among the general public. This is expected to increase dental care demand, driving South Korea's market growth during the forecast period. Furthermore, the increasing number of cases of dental infections and other periodontal diseases, rising demand for dental care facilities and dental surgical procedures, and rising dental care personnel, along with technological advancements, are some of the major factors driving the growth of this South Korean dental devices market.

Restraining Factors

The high cost of dental treatment, selective reimbursement criteria based on the patient's employment, and complicated healthcare expenses can hamper the market's growth.

Market Segment

• In 2022, the dental laser equipment segment accounted for the largest revenue share over the forecast period.

Based on the type, the South Korea dental devices market is segmented into dental laser equipment, dental radiology equipment, dental software and imaging, mechanical systems, and others. Among these, the dental laser equipment segment has the largest revenue share over the forecast period. Dental lasers have enabled painless and quick dental procedures. They are quite effective, depending on the dentist's ability to adjust the exposure time and laser power output. There are numerous advantages to using dental lasers, including improved patient comfort due to less post-operative discomfort, bleeding, and morbidity, as well as lower anaesthetic consumption and faster process time.

• In 2022, the orthodontic segment accounted for the largest revenue share over the forecast period.

Based on procedure type, the South Korea dental devices market is segmented into restorative, periodontal, endodontic, orthodontic, and others. Among these, the orthodontic segment has the largest revenue share over the forecast period.  Orthodontics is a branch of dentistry concerned with the detection, prevention, treatment, and correction of misaligned teeth and jaws. It may also deal with dentofacial orthopaedics or the control of facial growth. During the forecast period, these are expected to be the major factors influencing the dental equipment market share.

• In 2022, the clinics segment is expected to hold the largest share of the Japanese gaming market during the forecast period.          

Based on the end user, the South Korea dental devices market is classified into hospitals, clinics, and others. Among these, the clinics segment is expected to hold the largest share of the South Korea dental devices market during the forecast period. The increased use of dental equipment is a result of easier access to cutting-edge, digitally upgraded technology and the rise in the number of institutions housing dental departments. Furthermore, a rise in the prevalence of oral health issues can significantly fuel segmental growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea dental devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Osstem Implant Co., Ltd.
• Shinhung Co., Ltd.
• Vatech Co., Ltd
• Dentium Co., Ltd.
• Dentis Co., Ltd.
• 3M Company
• Dentsply Sirona.
• Maxpeed Co. Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the South Korea dental devices market based on the below-mentioned segments:

South Korea Dental Devices Market, By Type

• Dental Laser Equipment
• Dental Radiology Equipment
• Dental Software and Imaging
• Mechanical Systems
• Others

South Korea Dental Devices Market, By Procedure Type

• Restorative
• Periodontal
• Endodontic
• Orthodontic
• Others

South Korea Dental Devices Market, By End-User

• Hospitals
• Clinics
• Others