Endodontic Devices Market Growth Analysis, Industry Trends, and Forecast by 2024
Endodontic Devices Market to Experience a Robust Growth
The central soft pulp of a tooth comprised of blood vessels and nerves, when infected cause sensation of heat and pain, and swelling, hence, create discomfort. The prime intention of endodontic surgery, the root canal, is to keep the tooth intact, but just remove the infected or injured pulp. The increase in intake of food enriched with fat and starch is contributing to the surge in number of people suffering from dental malaises. The urge to maintain the dental setup owing to aesthetic purpose is increasing the adoption of root canal among people. This is boosting the use of endodontic devices. MRFR identifies these as factors expected to cast a positive impact on the global endodontic market growth. However, on the downside, certain factors like the high cost, the possibility of enamel loss, and risk of abnormal bleeding and abscess can hinder the endodontic devices market expansion.
According to the report published by Market Research Future, the Global Endodontic Devices Market Share is reckoned to register a compound annual growth rate of 5.34% over the forecast period of 2018–2023.
Key Players
Davis Schottlander & Davis Ltd, Hu-Friedy Mfg. Co., LLC, DiaDent Group International, COLTENE Holding, Kerr Corporation, Ivoclar Vivadent, Ultradent Products, Septodont, Brasseler USA, Surtex Instruments Limited, DENTSPLY SIRONA, Danaher Corporation, MICRO-MEGA, and others.
Segmental Analysis
The endodontic devices market’s segmental study offers a comprehensive understanding of the market that assists in the identification of new growth opportunities to augment the market expansion. The global endodontic devices market study has been segmented into end user and product.
On the basis of end user, the endodontic devices market has been segmented into dental clinics, dental hospitals, laboratories, and dental academic and research institutes.
On the basis of product, the endodontic devices market has been segmented into consumables and instruments. The consumables segment has been classified into endodontic burs, endodontic files and shaper, irritating solution and lubricants, obturation filling materials, and others. The instruments segment has been narrowed down to apex locators, endodontic scalers, machine-assisted obturation systems, handpieces, and endodontic lasers.
Regional Overview
The demographic progress of the endodontic devices market is evident from the regional segmental study of the market. Based on region, the endodontic devices market study has been performed across North America, Latin America, Asia Pacific, Europe, and the Middle East Asia and Africa.
The North and Latin American endodontic devices market is expected to be at the forefront over the assessment period. Due to unhealthy changes in the food habit, a surge in the prevalence of dental disease is observed. This is the leading factor that is anticipated to fuel the endodontics devices market in the near future.
The large number of people suffering from dental ailments, in Europe is boosting the need for proper dental care. This in turn, is increasing the adoption of root canal treatment and dental products. MRFR forecasts the European endodontics devices market to follow the lead, and grow at a rapid pace.
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The Asia Pacific endodontic devices market is expected to be the fastest growing in the coming years. According to the United Nations ESCAP, the geriatric population in this region, by 2050 is expected to be around 1.3 billion people. This is expected to shoot up the regional market growth curve. The rapidly proliferating healthcare industry and development of advanced treatments are other factors bolstering the market growth in this region. The south-east Asia is anticipated to show a promising growth over the forecast period owing to the increase in the number of dental malaise cases.
The Middle East Asia and Africa is projected to hold the least share in global endodontic devices market. Political loopholes, socio-economic backwardness, low per capita income are responsible for the lagging market growth in the region. However, increase in the governments funding, supporting research and developmental activities in the healthcare industry and developed economies like Kuwait, Dubai, UAE, and others can stimulate the market growth in the upcoming years.