(IT-NEWSWIRE.COM, August 13, 2019 ) Growth in the global endodontics market is mainly driven by factors such as the rapid growth in the geriatric population, increasing number of dentists and dental practices, rising dental tourism, and increasing dental expenditure along with an increase in disposable incomes.
The global endodontics market is expected to reach USD 1.61 Billion by 2022 from USD 1.21 Billion in 2016, at a CAGR of 5.1% from 2017 to 2022.
+ Rapid Growth in the Geriatric Population
+ Increasing Number of Dentists and Dental Practices
+ Growing Dental Tourism
+ Increasing Dental Expenditure Along With Increase in Disposable Incomes
The unfavorable reimbursement scenario for dental procedures is an important factor expected to restrain the growth of this market to a certain extent. Furthermore, the shortage of dental professionals during the forecast period presents a major challenge for the growth of the global endodontics market.
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Based on product, the market is segmented into consumables and instruments. The consumables segment accounted for the largest share of the market in 2016, and is expected to grow at the fastest CAGR during the forecast period. The large share and high growth of this segment can primarily be attributed to the increasing number of root canal procedures worldwide.
By consumable type, the endodontics market is segmented into the shaping & cleaning, access preparation, and obturation. The shaping & cleaning segment accounted for the largest share of the endodontic consumables market in 2016 and it is also is expected to grow at highest CAGR during the forecast period. This is mainly due to the increasing prevalence of dental caries and rising number of root canal procedures that require these consumables.
Major players in this market are continuously focusing on securing higher market shares through product launches, expansions, agreements, partnerships, and acquisitions. The prominent players in the endodontics market are DENTSPLY SIRONA (US), Danaher Corporation (US), Ivoclar Vivadent (Liechtenstein), Ultradent Products (US), Septodont Holding (France), FKG Dentaire (Switzerland), Brasseler USA (US), MICRO-MEGA (France), DiaDent Group International (Canada), MANI (Japan), COLTENE Holding (Switzerland), and VOCO (Germany).
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Mr. Shelly Singh