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Wearable Oral Health Sensors Market Segmentation by Distribution Channel (Retail Pharmacy, Consumer Stores, E-Commerce, and Others); by Vertical (Healthcare, Sports, Consumer Electronics, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Wearable Oral Health Sensors Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • February 2020: KaVo Imaging released its brand new KaVo IXS sensor featuring size 1 and size 2 sensors. The device is claimed to be more durable, reliable and automated than several other sensor options available in the market. 

Global Wearable Oral Health Sensors Market Highlights 2022 – 2030

The global wearable oral health sensors market is estimated to grow at a notable CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing prevalence of oral diseases, growing technological advancements associated with sensors in smart gadgets, and rising need for continuous oral health monitoring across the world. According to the Centre for Disease Control and Prevention (CDC), one in every five adults aged 65 or older in the United States have already lost their teeth. 53.8% of the total population aged between 12–19 years, suffer from a minor to severe type of dental problem. In addition to these, escalating growth of geriatric population globally and rise in healthcare spending by governments in developed nations are also expected to drive market growth in the forthcoming years. Furthermore, the advent of machine learning and internet of things (IoT) to develop effective medical appliances and growing demand for portable devices are projected to offer abundant growth opportunities the market in the near future.

Wearable Oral Health Sensors Market

The market is segmented by vertical into healthcare, sports, consumer electronics, and others, out of which, the healthcare segment is anticipated to hold the largest share in the global wearable oral health sensors market on account of the growing levels of awareness regarding oral hygiene in developed and emerging economies, and rising trend of self-monitoring and diagnosis among people. Along with these, increasing usage of healthcare devices since the last few years is also assessed to boost the growth of the market segment by the end of 2030. Additionally, on the basis of distribution channel, the e-commerce segment is predicted to witness significant growth over the forecast period in view of the increase in penetration of the internet, growing use of smartphones and rising consumer reliability on e-commerce services worldwide. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Wearable Oral Health Sensors Market Regional Synopsis

On the basis of geographical analysis, the global wearable oral health sensors market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the North America is estimated to occupy the largest share over the forecast period on the back of the growing occurrence of dental disorders, high healthcare expenditure and strong presence of healthcare manufacturers in the region. As per the United States Centers for Medicare & Medicaid Services, the total healthcare spending of the country increased by 4.6 percent in 2019, reaching USD 3.8 trillion. The total health spending accounted to be 17.7 percent of the total GDP share of the US. Moreover, the market in Europe is also expected to grab a notable share in the market owing to the reducing cost of sensors, growing expansion of wireless technology and large number of elderly people in the region. Apart from these, rising consciousness among the people for fitness and easy availability of medical applications are also assessed to expand this region’s market in the near future.

The global wearable oral health sensors market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global wearable oral health sensors market includes the following segments:

By Distribution Channel

  • Retail Pharmacy
  • Consumer Stores
  • E-Commerce
  • Others

By Vertical

  • Healthcare
  • Sports
  • Consumer Electronics
  • Others

Growth Drivers

  • Growing Occurrence of Oral Diseases
  • Increasing Technological Advancements with Sensors in Smart Gadgets

Challenges

  • Technical Difficulties Associated with the Hardware and Software

Top Featured Companies Dominating the Market

  • DENTSPLY SIRONA Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • KaVo Dental GmbH
  • Carestream Dental LLC
  • Apteryx Imaging Inc.
  • Danaher Corporation
  • Midmark Corporation
  • Planmeca Oy
  • Acteon Group
  • DÜRR DENTAL SE
  • Genoray Co. Ltd.

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