The COVID-19 pandemic saw certain markets such as anesthesia and respirator devices grow in 2020, while many others such as dental devices stagnated or saw a huge decline. However, dental devices are projected to make a strong recovery in 2021. The global market value for dental devices in 2021 is estimated to be $20.5bn, up significantly from $13.2bn in 2020, according to GlobalData, a leading data and analytics company.

Kevin Dang, Medical Data Analyst at GlobalData, comments: “There are various factors that contribute to this recovery. With the pandemic steadily improving as the population are getting vaccinated, we are seeing more investments made in many markets. The dental devices market stands out due to the strong increase in acquisitions.”

According to GlobalData’s deals database, there have been fourteen dental-related acquisitions completed so far in H1 2021, compared to just eight acquisitions in H2 2020.

Some notable acquisitions include Dentsply Sirona, which acquired Datum Dental back in January 2021 to expand its implants segment. More recently in April 2021, National Dentex Corp acquired Dental Services group in a bid to create the largest dental lab network in North America.

Dang concludes: “The strong number of deals within the dental devices segment in H1 2021 will contribute to the resurgence of the market.”