SAN FRANCISCO, Dec. 1, 2021 /PRNewswire/ -- The global endodontic devices market size is expected to reach USD 2.34 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.2% from 2021 to 2028. Growing dental tourism, the prevalence of dental caries, and high dental care expenditure are some of the key growth drivers. According to the American Dental Association (ADA), the U.S. dental expenditure was USD 124 billion in 2016 with an increase of 3.3% from 2015.
Key Insights & Findings from the report:
Based on the type of devices, the market is segmented into instruments and consumables. Of these, endodontic motors held the majority of market share in 2018, as it is a widely adopted device due to its procedural efficiency
In 2018, dental hospitals held the largest market share of the end use segment. The rise in government funding and reimbursement coverage are some key factors driving the growth.
North America held the largest endodontic devices market share in 2018 and is likely to retain its position over the forecast period, due to the rise in dental expenditure and number of dental practices
Asia Pacific is expected to witness the fastest growth in the forthcoming years due to rising dental tourism and improving healthcare infrastructure in the region
Some of the key market players are Danaher, Dentsply Sirona, and FKG Dentaire, among others
Endodontic device manufacturers partner with endodontists to prepare a marketing plan to enhance their marketing efforts. The American Association of Endodontists (AAE) offers such marketing tactics to AAE members helping them gain more access to their target audience.
Read 124 page market research report, "Endodontic Devices Market Size, Share & Trends Analysis Report By Type (Instruments, Consumables), By End-use (Hospitals, Clinics), By Region (APAC, North America), And Segment Forecasts, 2021 - 2028", by Grand View Research
The role of endodontists has evolved during the past decade due to the introduction of sophisticated techniques and devices in dental practice. According to a research study published by the ADA, the number of dentists in the U.S. is projected to grow rapidly leading to increased procedures in the country.
Many factors contribute to poor oral health leading to dental decay or dental infection resulting in the need for endodontic treatment. The increase in untreated tooth decay, rising consumption of sugar, tobacco and alcohol, lack of good oral hygiene and regular dental check-ups, and a lack of fluoridation in water supplies or the use of a fluoride dentifrice, are some of the key factors driving the endodontic devices market. According to the U.S. Oral Health Division of the U.S. Department of Health & Human Services, more than 27% of adults and 20% of children have at least one untreated tooth decay.
Grand View Research has segmented the global endodontic devices market based on type, end use, and region:
Endodontic Devices Type Outlook (Revenue, USD Million, 2016 - 2028)
Endodontic Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)
Endodontic Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)
List of Key Players of the Endodontic Devices Market
Brasseler Holdings LLC
DiaDent Group International
Check out more studies on dental procedures and equipment, conducted by Grand View Research:
Endodontic Files Market – The global endodontic files market size is expected to reach USD 50.5 million by 2028. It is expected to grow at a CAGR of 4.8% from 2021 to 2028.
Dental Fillings Market – The global dental fillings market size is projected to reach USD 9.08 billion by 2026. It is expected to grow at a CAGR of 7.2% from 2019 to 2026.
Clear Aligners Market – The global clear aligners market is expected to reach USD 17.0 Billion by 2028. It is expected to expand at a CAGR of 27.3% from 2021 to 2028.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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