Between 2013 and 2023, South Korea’s per capita value of the Model Paste, Dental Paste, and Dental Waxes market increased from $0.85 to $1.13. The market showed fluctuations, with a peak in 2015 at $1.17 before a decline and stabilization around $1.12 in 2022. There was a notable dip in 2020, with recovery in subsequent years. The year-on-year growth in 2023 was approximately 0.89% compared to 2022, reflecting modest growth following previous variabilities. The five-year CAGR indicates an average annual growth rate of around 0.35%.
Future trends to watch include technological advancements in dental materials, increasing focus on oral health, and potential regulatory changes. Furthermore, the evolving demographics with an aging population could drive demand, influencing market dynamics.
