Wearable Oral Health Sensors Market Share

North American Market Forecast   

North America industry is poised to account for largest revenue share by 2037, on the back of the growing occurrence of dental disorders, high healthcare expenditure, and the 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. Also, Government assistance in providing consultation as well as knowledge via digital platforms in remote places is expected to aid in market growth. Moreover, The region's huge market share can be ascribed to the region's high rate of adoption of sophisticated products, substantial reimbursement coverage, and the arrival of new firms with innovative technology.

Europe Market Forecast

Moreover, the wearable oral health sensors Market in Europe is also expected to grab a notable share in the market owing to the reduced cost of sensors, the growing expansion of wireless technology, and the large number of elderly people in the region. Based on Statista's 2021 data, Europe has the highest share of old people (19%). Furthermore, Germany has contributed the most to Europe's old population, with 17.78 million. 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. Moreover, As per the GSMA, 474 million individuals (86% of the population) in Europe registered for mobile services in 2021, with that figure predicted to climb to 480 million by 2025. Such advancements in consumer electronics are expected to fuel industry expansion even further.

APAC Market Statistics

During the projection period, the Asia Pacific wearable oral health sensors market is anticipated to occupy a large market share. The existence of a big population, as well as a rise in consumer expenditure on oral hygiene, is projected to have an impact on the industry's growth. With increased consumer knowledge and interest in smart devices, there is expected to be plenty of potential for wearable oral health sensor. However, elevated costs of goods may have an impact on consumption from the middle-class population. Major periodontitis, unaddressed dental caries, and missing teeth rank 77th, 80th, and 81st, respectively, in the top 100 disorders affecting DALYs in China. On average, these three disorders resulted in the loss of 224 healthy years per 100,000 people. Therefore, the rising prevalence of oral diseases is predicted to expand the use of wearable oral health sensors in the Asia Pacific.