Technological advances in rotary equipment which can reduce procedural errors are likely to be an instrumental catalyst in the market. The use of blends of major materials such as nickel-titanium during cleaning and shaping of major surgical procedures can bode well for the endodontic devices market. Launch of dental health programs to increase awareness among patients can bring in high dividends for the market. This is exemplified by the National Tobacco Control Program by the Indian government as a preventive measure against dental diseases.
Complications encountered during surgeries, high treatment costs, and illegals sales of products are challenges faced by the market.
The global Endodontic Devices Market Values is predicted to touch a massive valuation by exhibiting 5.34% CAGR from 2018 to 2023 (forecast period). High prevalence of caries, large expenditure allocated for oral care, and surge in disposable income levels are main drivers of the market. Rise in dental tourism as well as affordable treatment options in Brazil, India, and Mexico can spur the demand for endodontic instruments.
Brasseler USA, DENTSPLY SIRONA, Septodont, DiaDent Group International, Surtex Instruments Limited, Ultradent Products, Danaher Corporation, IvoclarVivadent, Davis Schottlander& Davis Ltd, COLTENE Holding, Hu-Friedy Mfg. Co., LLC, Kerr Corporation, MICRO-MEGA, and others are some of the noteworthy players in the global endodontic devices market. The market is characterized by mergers, acquisitions, and collaborations.
· The global endodontic devices market is segmented by product and end-user.
· By product, it is segmented into consumables and instruments.
· By end-user, it is segmented into dental academic and research institutes, dental clinics, laboratories, dental hospitals, and others.
Europe, the Americas, Asia Pacific (APAC), and the Middle East & Africa (MEA) are regions covered in the endodontic devices market report.
The Americas are expected to dominate the standings in the global market due to rising cases of dental infections. Major drivers driving the regional growth include the increasing rate of accidents, rising prevalence of dental caries, and changes in eating habits. According to the Center for Disease Control & Prevention (CDC), 84.6% of children in the age group of 2-17 and 64.4% adults in the age group of 18-64 paid a visit to the dentist in the U.S. in 2016 highlighting the large need for dental instruments.
Europe had assumed the second position in the global endodontic devices market, demand for root canal treatments and tooth infections can create massive market demand. According to the NHS, the healthcare organization in the U.K., 22.1 million patients were treated by dentists in 2017.
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The APAC endodontic devices market is set to exhibit the fastest growth rate during the forecast period due to a plethora of dental treatment options, increasing geriatric populace, rise of dental procedures, and expansion of the healthcare sector. According to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the geriatric populace is expected to expand in the region to 1.3 billion by 2050. Investments in research and development combined with efforts by dental professionals to create a large network for fostering standards of dental practice can drive the regional market growth.