Global Endodontic Devices Market is expected to grow at a CAGR of 5.30% during the forecast period from 2018-2025
A new research report published by Fior Markets with the title Endodontic Devices Market by Type (Instruments, Consumables), End User, Regions, and Global Forecast 2018-2025.
As per the report, the global endodontic devices market is expected to grow from USD 1,452.16 Million in 2017 to USD 2,194.74 Million by 2025, at a CAGR of 5.30% during the forecast period from 2018-2025. Europe region emerged as the leader in the global endodontic devices market with a 39.48% share of market revenue in 2017. However Asia Pacific region is projected to grow at an increased CAGR of 7.74% over the forecast period.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Major players in the global endodontic devices market are Danaher Corporation, Dentsply Sirona, FKG Dentaire, Ultradent Products, Ivoclar Vivadent, Septodont Holdings, COLTENE Holding, Micro-Mega, Brasseler Holdings, LLC, DiaDent Group International, MANI, VOCO, KaVo Kerr Endodontics, Henry Schein, Inc, and among others. Increasing prevalence of dental health problems, rise in the number of root canal treatment are generating an accelerated demand for the endodontic devices. Technological advancements in the endodontic field are leading major market players to come up with the newer innovative products. For instance Ultradent Products in 2015, announced the launch of Endo-Eze Endodontic hand files and burs. These Endo-Eze line of products offers dental experts the balanced flexibility and the sharpness and cutting ability.
Type segment is divided into instruments and consumables. Consumables segment led the global endodontic devices market with a 57.82% share of revenue in 2017. This increased market share can be attributed to factors such as increasing prevalence of tooth decay, and growth in number of root canal treatment. Consumables segment is further categorized as shaping & cleaning, access preparation, and obturation. Instrument segment is expected to grow at a stable pace due to robust demand for the endodontic instruments such as endodontic motors, apex locators etc. Endodontic segment is further classified into apex locators, endodontic motors, endodontic scalers and others. End user is segmented into dental hospitals, dental clinics and dental academic and research institutes. Owing to presence of skilled endodontists, and latest equipments the dental hospitals segment emerged as the global leader in endodontic devices market with a 48.63% share of revenue in 2017. Dental clinics segment is also expected to attain a robust share of the market over the forecast period.
Rising number of dental practitioners, increasing prevalence of dental health issues rising geriatric population as well as technological improvements in the endodontic devices are the some of the factors that are driving the market. Whereas paucity of skilled dentists as well as limited insurance reimbursement for the dental procedures are anticipated to hinder the market growth.
About the report:
The global endodontic devices market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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