Root Canal Market 2021
Acknowledging the colossal traction, the market currently, Market Research Future (MRFR) in its recently published study report asserts that the already booming global root canal market is poised to touch a valuation of USD 21.0 Bn by 2023 growing at over 8% CAGR during the forecast period (2017-2023). Lack of oral hygiene is a major reason for increasing dental problems.
Additional factors that are substantiating the growth of the market include paramount concerns of oral health care, increasing geriatric populace, and the well-spread awareness about oral healthcare. Besides, the increasing screening, greater emphasis on restorative dental procedures, and rising safety and success of root canal treatment are fostering the growth of the market.
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Major Key Players:
Some of the key players profiled in the report are Kerr Corporation, Dentsply Sirona, LM-Instruments Oy, Schütz Dental GmbH, Ultradent Products Inc., Pelton & Crane, 3M, Confident Dental Equipment Ltd., Benco Dental and others.
The global root canal market has been segmented on the basis of types, drugs, devices and end user.
Based on the types, the market has been segmented as nonsurgical root canal, secondary root canal, apicoectomy root canal, pulpotomy root canal, and pulpectomy root canal.
Based on the drugs, the market has been segmented as anesthetics, pain killers, antibiotics, and others.
Based on the devices, the market has been segmented as crowns, endodontic instruments, consumables, and others.
Based on the end user, the market has been segmented as dentistry hospitals and clinics, research and academics, and others.
The Americas accounts for a significant market share owing to high expenditure on healthcare especially of the U.S. and Canada. Additionally, greater number of dental procedures due to greater dental healthcare penetration in the U.S. and Canada drives the root canal market. The high concentration of the major hospitals in the developed countries of this region coupled with good reimbursement rates is adding fuel to the market growth. Moreover, the large share of dental procedures especially the root canal treatment in the returns of hospitals favors the market. The large number of medical devices companies in the U.S. is also a cause for faster development of root canal market in the US.
Europe is the second largest market in the world due to the growing medical devices industry and healthcare penetration. The European market growth is led by countries such as Germany and France. Germany is expected to be the fastest growing market over the assessment period due to its large medical devices industry.
Asia Pacific region is expected to grow rapidly; China and India are likely to lead this market due to fast growing healthcare sector and large unmet needs over the forecast period. South East Asian countries such as China, India, and Malaysia are projected to contribute highly to the market growth. The growing penetration of healthcare industry in the Asia Pacific region is expected to drive the future root canal market in the region.
Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. Other Middle East nations to watch out for are Kuwait, Jordan, Egypt and Iran. The African region is expected to witness a poor growth owing to poor economic and political conditions, and poor healthcare development. Other regions are expected to be laggards due to poor social development and tribal identities such as sub Saharan Africa.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Root canal Market” Research Report – Forecast till 2023.
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