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Endodontic Consumables Market to Garner $1.99 Bn, Globally, by 2026 at 5.2% CAGR: AMR
PORTLAND, Oregon, Sept. 26, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Endodontic Consumables Market by Product (Endodontic File, Obturator, and Permanent Endodontic Sealer) and End User (Dental Clinic and Hospital & Dental Academic Research Institute): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global endodontic consumables industry accounted for $1.32 billion in 2018 and is projected to reach $1.99 billion by 2026, registering a CAGR of 5.2% during the forecast period.
Chief reasons for market fluctuations
Surge in prevalence of dental diseases, increased in geriatric population, and growth in awareness toward oral hygiene have boosted the growth of the global endodontic consumables market. Moreover, growth in dental tourism supplemented the growth of the market. However, side effects and risks associated with endodontic treatment hamper the market. On the contrary, rise in disposable income and potential in emerging economies are expected to create lucrative opportunities in the near future.
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The Endodontic files segment held largest share
By product & services, the endodontic files segment dominated the global endodontic consumables market in 2018, contributing to nearly two-fifths of the market, owing to increase in number of root canal procedures. Moreover, the segment is estimated to register the fastest CAGR of 5.7% during the forecast period. The report provides analysis of the other segments such as obturators and permanent endodontic sealers.
The Hospitals and dental academic research institutes segment to manifest fastest growth by 2026
The hospitals and dental academic research institutes segment is projected register the fastest CAGR of 5.4% during the forecast period, owing to improved access to healthcare and increasing research activities. However, the dental clinics segment dominated the market in 2018, accounting for more than two-thirds of the global endodontic consumables market, as majority of endodontic procedures are performed in dental clinics.
Europe held the lion's share, followed by North America
The market across Europe held the largest share in 2018, contributing to nearly two-fifths of the market, owing to availability of advanced endodontic care facilities and wide usage of endodontic consumables. Moreover, the market across North America held the largest share in 2018, contributing to nearly one-third of the global endodontic consumables market. However, the market across the Asia-Pacific region is projected to register the fastest CAGR of 8.2% during the forecast period, owing to large population base presenting future growth opportunities and growing awareness regarding dental care in the region.
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Torchbearers of the market
- Brasseler USA
- DiaDent Group International
- Danaher Corporation
- Coltene Holding AG
- Ivoclar Vivadent AG
- Dentsply Sirona Inc.
- FKG Dentaire SA
- Mani, Inc.
- Septodont Holding
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