South Korea Dental Equipment Market Size & Outlook
South Korea dental equipment market, 2018-2030 (US$M)
Related Markets
South Korea dental equipment market highlights
- The South Korea dental equipment market generated a revenue of USD 128.4 million in 2023 and is expected to reach USD 226.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, systems & parts was the largest revenue generating product in 2023.
- Dental Lasers is the most lucrative product segment registering the fastest growth during the forecast period.
Dental equipment market data book summary
| Market revenue in 2023 | USD 128.4 million |
| Market revenue in 2030 | USD 226.0 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Systems & parts |
| Fastest growing segment | Dental Lasers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dental Radiology Equipment, Dental Lasers, Systems & Parts, Laboratory Machines, Hygiene Maintenance Devices, Other Equipment |
| Key market players worldwide | A-Dec, Planmeca, Dentsply Sirona Inc, Patterson Companies Inc, Straumann Holding AG, GC Corporation, Carestream Health - HCIS business, Biolase Inc, Danaher Corp, 3M Co |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.1% of the global dental equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China dental equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 708.3 million by 2030.
Systems & parts was the largest segment with a revenue share of 39.25% in 2023. Horizon Databook has segmented the South Korea dental equipment market based on dental radiology equipment, dental lasers, systems & parts, laboratory machines, hygiene maintenance devices, other equipment covering the revenue growth of each sub-segment from 2018 to 2030.
Dental caries and periodontal disease constitute substantial dental disease burden in South Korea. According to a survey published by PubMed in 2019, dental caries and periodontal diseases increased by 39.2% and 57.0%, respectively, between 2013 and 2015 and were the leading causes of Disability Adjusted Life Years (DALYs).
According to BMC Oral Health in 2017, 43.9% of South Korean adults perceived unmet dental needs with the most common reason being financial difficulties and is majorly associated with income level, normative treatment needs, and self-perceived oral health status. The geriatric population is also rapidly increasing in South Korea, and a total of 96.4% of geriatric population experienced dental caries.
The country largely benefits from primary and secondary dental care by National Health Insurance and the cost for dental treatment is covered except for prosthetic and esthetic dental care. Factors such as rising dental disease burden, increasing geriatric population, and favorable government initiatives are likely to propel the growth of dental equipment market in the country.
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Dental Equipment Market Scope
Dental Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea dental equipment market size, by product, 2018-2030 (US$M)
South Korea Dental Equipment Market Outlook Share, 2023 & 2030 (US$M)
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