Dental Endodontics Market: Growing Healthcare Infrastructure and Rising Medical Tourism to Drive Market in Asia-Pacific
The Global dental endodontics market can be characterized as a consolidated market with a healthy level of competition among the major players, as two leading players hold more than 50% of the global market, says a new market research report from Transparency Market Research. On the other hand, the consumables segment is extremely fragmented by nature with the presence of a large number of regional and international players.
Some of the major players operating in dental endodontics are Henry Schein, Inc., Coltene Holding AG, Septodont Holding, Peter Brasseler Holdings, FKG Dentaire SA, Ivoclar Vivadent, Dentsply Sirona, Ultradent Products Inc, Mani, Inc, Danaher Corporation, and LP These players focus on technological advancements and innovations, which are expected to encourage the overall growth of the global market throughout the forecast period.
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According to Transparency Market Research market research report, in 2016, the global dental endodontics market was worth US $ 1.1 billion and is expected to reach a value of US $ 1.7 billion by the end from 2025. The market is expected to register a good CAGR of 5.20% between 2017 and 2025.
Development of healthcare infrastructure to stimulate the Asia-Pacific market
From a regional perspective, Europe is expected to dominate the global dental endodontics market and account for a significant share throughout the forecast period. This region is estimated to be followed by North America. On the other hand, Asia-Pacific is expected to offer potential growth opportunities to market players in the coming years.
Rising consumer awareness of dental health and improvement in healthcare infrastructure are the major factors that are expected to accelerate the growth of the Asia-Pacific market throughout the forecast period. In addition, the rapid development of Medical tourism Industry and technological developments in this field are some of the other factors which are expected to accelerate the growth of the dental endodontics market in Asia-Pacific in the near future.
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Further, on the basis of product type, the global dental endodontics market has been classified into instruments and consumables. In 2016, the consumables segment accounted for over 70% of the global market and is expected to continue to dominate throughout the forecast period. The strong growth in this segment can be attributed to the increasing use of fresh consumables during endodontic treatment procedures.
Increasing prevalence of dental infections to encourage market growth
The global dental endodontics market is expected to grow at a sustained rate over the next few years. Growing geriatric population and increasing prevalence of dental infections, owing to changing dietary habits, are the key factors that are expected to encourage the growth of the global dental endodontics market over the next few years. In addition to this, a significant increase in the incidence of accidents and an increase in the prevalence of dental conditions are further expected to accelerate the growth of the overall market throughout the forecast period.
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In addition, the rapid development of dental tourism, especially in developing economies, such as India, Hungary, Mexico, and China, is expected to accelerate the growth of the global endodontics market in the coming years. On the other hand, the high cost of dental procedures and the strict regulations related to the manufacture and approval of advanced innovative procedures are some of the key factors that are expected to restrain the growth of the overall market in the near future.
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