A root canal is a dental procedure generally recommended for endodontic issues such as deep infection in the tooth. Root canal procedures are necessary when tooth decay or trauma accesses the inner, pulp, and layer of teeth. The prevalence of endodontics has been raised to an alarming number, over the past few years. As a result, the root canal market is growing rapidly and pervasively. 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.
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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.
Key Players:
Key players leading the global root canal market include
- Dentsply Sirona,
- Kerr Corporation,
- LM-Instruments Oy,
- Ultradent Products Inc.,
- Schütz Dental GmbH,
- Pelton & Crane,
- Confident Dental Equipment Ltd.,
- 3M, and
- Benco Dental among others.
Highly competitive, the root canal market appears fragmented due to the presence of many large and small players. The key strategies traced from the analysis of recent developments of the key players include product launch, agreement & partnership, acquisition, and expansion among others. Key manufacturers utilizing breakthrough manufacturing technology strive to develop a comprehensive range of safe and reliable solutions portfolio.
Industry Related News:
April 10, 2019 – Sonendo, Inc. (the US), a company developing innovative technologies for root canal therapy services and endodontic problems officially launched its GentleWave System in Canada during the American Association of Endodontists (AAE) annual meeting held during Apr 10 – 13, 2019 in Canada.
On April 11, 2019 Sonendo announced that it has shipped more than 200,000 GentleWave Procedure Instruments. The GentleWave System, introduced in the US market in 2016 is an alternative approach to standard root canal treatment
GentleWave provides a minimally invasive and better solution to endodontic problems and improves treatment outcomes while maintaining the integrity of the tooth. Contrast to other devices that were adopted from other medical fields in endodontics, GentleWave System provides tissue dissolution of eight and ten times faster than ultrasonic devices and needle irrigation, respectively.
Segments:
For ease of understanding, the analysis has been segmented into five key dynamics:
By Type: Nonsurgical Root Canal, Secondary Root Canal, Apicoectomy, Pulpotomy, and Pulpectomy among others.
By Drug: Anesthetics, Painkillers, and Antibiotics among others.
By Device: Crowns, Endodontic Instruments, Consumables among others.
By End-user: Dentistry Hospitals & Clinics and Research & Academics among others.
By Region: Europe, North America, Asia Pacific, and the Rest-of-the-World.
Regional Analysis:
The North America region heading with the increasing number of endodontic issues dominates the global root canal market. Accounting for the largest market share the region is expected to continue with its dominance throughout the forecast period. Factors such as the well-defined oral healthcare market led by the high expenditures and greater dental healthcare penetration foster the growth of the regional market.
Additionally, the higher number of dental procedures, especially in the U.S. and Canada, drive the root canal market in the region. Also, the high concentration of the major hospitals coupled with reasonable reimbursement rates acts as a significant tailwind that propels the growth of the regional market. Moreover, the medical devices companies alongside the equally large number of dental procedures especially the root canal treatment in the US, in turn, favors the growth in the market.
The Root Canal Market in the European region accounts for the second-largest market, globally. Factors such as the growing medical devices industry and healthcare penetration foster the regional root canal market. Germany, backed by its sizeable medical device industry and its vast root canal treatment market is expected to drive the market in the region. Also, France accounts for a considerably large market for the root canal, providing impetus to the growth of the regional market.
The Asia Pacific root canal market is emerging as a promising market, globally. Factors such as the vast advancements in the medical technologies and medical devices market are propelling the growth of the market. Moreover, the fast-growing healthcare sector and large unmet needs, especially in the rapidly developing countries such as China and India, are likely to lead the regional market over the forecast period.
In developed economies like the US & UK, the cost of root canal treatments is quite high which in turn fuels the market growth of medical tourism in emerging economies such as India, Malaysia, etc. South East Asian countries such as China, India, and Malaysia backed by the increasing penetration of the healthcare industry account for the significant contributors to the root canal market in the APAC region.
More Information About Related Report “Dental Anesthesia Market Research Report – Forecast till 2023“: https://www.marketwatch.com/press-release/dental-anesthesia-market-to-perceive-a-significant-growth-89-of-cagr-till-2023-avail-at-mrfr-2019-02-14
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