North America leads the endodontic devices market due to population growth, higher dental R&D, root canal preference, and expanded dental services.
New York, Oct. 20, 2023 (GLOBE NEWSWIRE) — The endodontic devices market is seeing growth due to the growing prevalence of dental caries, increased spending on dental care, and higher out-of-pocket expenses. Furthermore, the market’s expansion is expected to be fueled by a rising demand for rotary tools, improved reimbursement systems, the surge in dental tourism, and infrastructure enhancements.
Over the forecast period, this growth is likely to be sustained by the increased use of rotary tools, a more favorable reimbursement landscape, the growing popularity of dental tourism, and ongoing improvements in infrastructure.
Dental issues are often observed in children, prompting governments in various countries to concentrate on raising awareness about dental health in schools. For example, the CDC offers guidance and management for state and community programs aimed at planning, implementing, and evaluating school sealant initiatives. These initiatives complement the services provided by private dentists to the general population. Consequently, the endodontic devices market is poised for significant growth during the forecast period.
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|Market Revenue 2023||US$ 1.9 million|
|Estimated Revenue 2033||US$ 3.0 billion|
|Growth Rate – CAGR||4.8%|
|No. of Pages||258 Pages|
|Market Segmentation||By Product Type, End User Channel, Region|
|Regions Covered||North America, Latin America, Europe, Asia Pacific, Middle East & Africa|
|Companies Covered||Denstsply Sirona Inc., 3M Company, Kerr Corporation (Danaher Corporation), Henry Schien Inc., J. Morita Corp, VDW GmbH, COLTENE Holding AG, Ultradent Products Inc., Ivoclar VivadentInc., Septodont, FKF Dentaire SA|
Insights by Product Type:
The endodontic devices market is categorized into two main product segments: Endodontic Instruments and endodontic consumables. Notably, in 2022, the endodontic consumables category claimed a larger market share and is anticipated to exhibit a higher Compound Annual Growth Rate (CAGR) in the upcoming forecast period. The endodontic consumables segment can be further subdivided into Endodontic Files, Irrigating Solutions & Lubricants, and Endodontic Burs.
In 2022, the dental hospitals end-use segment emerged as the dominant force in the global market, securing the largest market share. The global market is segmented by end-use into hospitals, dental clinics, and Ambulatory Surgical Centers. Over the past decade, there has been a significant upswing in emergency hospital visits due to preventable oral health conditions, with a majority of these visits being made by young adults.
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Increasing Prevalence of Dental Issues: The rising incidence of dental problems such as tooth decay, dental caries, and gum diseases is a significant driver for the endodontic devices market. These conditions often require root canal treatments, leading to a growing demand for endodontic instruments and equipment.
Aging Population: The global population is aging, and older individuals tend to have a higher incidence of dental issues that may require endodontic procedures. This demographic trend is driving the demand for endodontic devices.
Dental Tourism: Dental tourism has become increasingly popular, with patients traveling to countries where dental care is more affordable. This trend boosts the global demand for endodontic services and devices.
Growth of Dental Insurance Coverage: Expanding dental insurance coverage in various regions encourages individuals to seek professional dental care, including endodontic treatments, further fueling market growth.
Ongoing Research and Development: Investment in research and development to create innovative endodontic products, such as rotary instruments, obturation materials, and imaging technology, keeps the market dynamic and competitive.
Dental Health Promotion: Government initiatives and dental health campaigns can promote dental care and endodontic treatments, contributing to market growth.
Frequently Asked Questions:
1. How big is the endodontic devices market?
The global endodontic devices market was valued at USD 1.9 billion in 2022, and it is projected to reach USD 3.0 billion in 2023.
2. What’s the global growth rate for the endodontic devices market?
The expected Compound Annual Growth Rate (CAGR) for the global market from 2023 to 2032 is 4.8%.
3. Which region commanded the largest market share in the endodontic devices market?
North America held the predominant share in the global market.
4. Which end-user segment is the largest in the market?
In 2022, the ‘Dental Hospitals’ segment secured the largest market share among end-users.
5. Based on product type, which segment dominates the market?
In terms of product type, the ‘Endodontic Consumables’ segment is the dominant force in the market.
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Originally published at https://www.einpresswire.com/article/663117680/endodontic-devices-market-projected-to-reach-us-3-0-billion-by-2033-fueled-by-growing-awareness-of-dental-care-persistence-market-research