The Global Endodontic Supplies Market is Projected to Reach US$1.5 Billion by 2024
Rising Demand for Endodontic
Treatments among the Elderly and the Lack of Alternatives to Root Canal Therapy
Drive Growth in the Endodontic Supplies Market, According to a New Report by Global Industry Analysts,
Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size and demand forecasts on the global Endodontic Supplies
market. The global Endodontic
Supplies market is projected to reach US$1.5 billion by 2024, driven by the growing demand
for root canal therapy as the first line of treatment to save damaged or
infected tooth.
Endodontics
is a branch of dentistry, which is associated with the etiology, diagnosis and
treatment of diseases related to dental pulp, tooth root and surrounding tissues.
Also known as root canal treatment, endodontic procedures have a critical role
to play in saving a diseased or injured tooth. The ever rising awareness about
dental treatments and the growing desire to retain natural teeth is driving
patients to choose endodontic treatments. By choosing endodontic therapy,
patients can not only prolong the life of teeth but also maintain their natural
smile. Apart from saving the natural tooth, root canal treatment also assists
in normal chewing and biting while offering protection to other teeth from
damage due to excessive wear or strain. With tooth extraction being the only
alternative option for dealing with diseased or injured tooth, patients are
increasingly opting for endodontic therapy to retain and/or prolong life of
natural teeth, thus fueling growth in the endodontic supplies market.
Global
market for endodontic supplies is being driven by the sustained increase in the
number of root canal procedures being performed globally. Changing dietary
habits of people and the subsequent increase in prevalence of dental infections
is also leading to high demand for endodontic treatments. Factors such as
growing population of the elderly, increase in expenditure on dental care
services due to rising disposable incomes of people, and the increase in number
of dental practices and dentists are also fueling market growth. The constant
wear of teeth surface due to aging process increases the susceptibility of
teeth to dental plaque, decay and damage, thus
necessitating endodontic treatment. The growing dental tourism market in
developing economies such as India, Mexico, Hungary and China, mainly due to
the availability of cost-effective dental care services, presents a significant
growth opportunity for the endodontics market. The development of new
technologies and innovative products, aimed at improving the overall
effectiveness of the treatment procedure, also augurs well for the market.
As
stated by the new market research report on Endodontic Supplies, Europe represents the
largest regional market, worldwide. The growing proportion of elderly
population and the increasing occurrence of various dental problems are
enhancing demand for endodontic procedures and supplies in Europe. Asia-Pacific
is forecast to register the fastest CAGR of 7.5% over the analysis period,
supported by the rising incidence of periodontal diseases, growing awareness
about dental hygiene, and increasing disposable incomes of people across
emerging economies. Further expanding dental care network and growing number of
dental practitioners operating in Asia-Pacific countries also drives sales of
endodontic supplies in the region. With most patients requiring root canal
treatment belonging to the 40-60 years age group, China and India present
tremendous potential for the endodontic supplies market since this age group accounts
for one-tenth of their total population.
Major
players in the market include Brasseler USA, Coltène/Whaledent AG, Dentsply
Sirona Inc., DiaDent Group International, DMG America, FKG Dentaire SA, Ivoclar
Vivadent AG, Kerr Corporation, Laboratoire Septodont, MICRO-MEGA® SA, Ultradent
Products Inc., and VOCO GmbH, among others.
The
research report titled “Endodontic Supplies: A
Global Strategic Business Report” announced by Global Industry Analysts Inc.,
provides a comprehensive review
of market trends, issues, drivers, mergers, acquisitions and other strategic
industry activities of global companies. The report provides market estimates
and projections for all major geographic markets such as the US, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe),
Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and
Rest of Latin America) and Rest of World.
For
enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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