According to The Insight Partners’ research, the global Endodontic Devices Market accounted for US$ 1,510.00 million in 2018 and is anticipated to hit US$ 2,276.46 million by 2027, expanding at a stellar annual growth rate of 4.9% from 2019 to 2027. The rising cases of dental problems worldwide, increasing geriatric population, and awareness toward dental health are the major factors attributed to the market expansion.
The geriatric population is increasing in majority of the countries across the world. Teeth loss problems are more frequent and common among elderly people. The process of degeneration begins with aging, thus causing loose gums and teeth damage in older people. According to the World Population Prospects Data 2017, the number of people over 60 years of age was 962 million in 2017 all over the world, which is expected to reach 2.1 billion by 2050. Elderly people are more vulnerable to dental problems. A number of minimally invasive dental procedures are developed for old people to curb teeth and gum problems with negligible or little pain.
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Dental and oral care problems are the most common non-communicable diseases that affect people at least once in a lifetime. Major teeth and gum problems include toothache, pain, discomfort, swelling, dry mouth, bad breath, cavities, and tooth loss. According to the Global Burden of Diseases Study published in September 2018, approximately 3.58 billion people worldwide were affected by one or the other oral health care problems. The World Health Organization (WHO) stated that almost 60–90% of children and nearly all adults across the globe experience cavities. Around 15 million root canals are performed every year, as per the American Association of Endodontics.
Nowadays, with advancements in dental care, it has been observed that oral problems can be cured with less painful surgeries. The governments of many countries are supporting oral health education and awareness campaigns on a large scale. For an instance, American Dental Association declared February to be observed as national children’s dental health month. Similarly, the Indian Dental Association commenced the National Oral Health Program in 2020 to alleviate the prevalence of dental diseases. All these parameters catalyze the global endodontic devices market.
Contrastingly, the limited reimbursements and high cost of dental services restrict the growth of global endodontic devices market.
Based on product, the endodontic devices market business sphere is fragmented into instruments and endodontic consumables. The latter held 53.65% market share in 2018. It amassed US$ 810.05 million in 2018 and is speculated to be worth US$ 1,242.74 million by 2027 to grow at a CAGR of 5.1% from 2019 to 2027.
According to end user, the global endodontic devices market is segmented into dental clinics, dental hospitals, and dental academic & research institutes. With 48.82% market share, the dental hopsitals segment dominated the business in 2018, garnering US$ 737.15 million. It is slated to accrue US$ 1,096.20 million by 2027 to rise at 4.8% CAGR during the forecast period.
On the account of region, Europe dominated the market in 2018, generating a valuation of US$ 546.55 million. It is estimated to accumulate US$ 847.53 million by 2027, featuring a CAGR of 5.3% throughout the forecast period. However, Asia Pacific registered the highest CAGR of 5.7%, accounting US$ 319.79 million in 2018 and is supposed to escalate to US$ 513.23 million by 2027.
The leading players profiled in the global endodontic devices market report are Danaher Corporation; Dentsply Sirona; Ivoclar Vivadent; Ultradent Products Inc; Septodont Holding; Coltene Group; FKG Dentaire; Brasseler USA; Mani, Inc; and Nikinc Dental.
- In July 2018, Danaher Corporation announced its intention to spin-off dental segment into an independent, publicly traded company, DentalCo. The company made the transactions tax-free for the shareholders and completed them by the second half of 2019.
- In September 2015, Ivoclar Vivadent built a new marketing office in Indonesia. This new facility provides marketing support to both clinical and technical products of the company in Indonesia and Southeast Asia.
- In April 2016, Ultradent Products introduced MTA flow repair cement, a bioactive powder and liquid-gel system made for pulpotomy procedure, pulp capping, root-end filling, apexification, perforation repair, and root resorption.
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