Root Canal Market Overview
The root canal market has been experiencing a diversified growth in all segments and across different regions due to the rising populations and the increasing per capita incomes of people
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.
There have been many new improvements occurred in the field of root canal in terms of devices and technologies that are used in the procedure. New advanced diagnosis treatments are exceeding the success ratio as compared to the traditional diagnosis which was often delivering mediocre results, failing to examine the teeth properly. Also, there have been several novel approaches emerged to aid the endodontics treatments which are escalating the Root Canal Market on the global platform. 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.
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 1410.46 Million by 2030 growing at over 4.80% CAGR during the forecast period (2022-2030). Lack of oral hygiene is a major reason for increasing dental problems.
Regional Analysis
Middle East & Africa, Europe, the Americas, and Asia Pacific are the primary markets for root canal.
The Americas stands as the top market for root canal. High expenditure on healthcare, particularly in the United States (U.S.) and Canada. Moreover, the rising number of dental procedures owing to sharp penetration of dental healthcare in the U.S. and Canada works in favor of the market. High concentration of renowned hospitals, along with favorable reimbursement rates adds to the market strength. The regional market also benefits from the high number of medical devices companies in the U.S. that constantly indulge in production innovation and other marketing hacks.
Europe emerges as the second leading market for root canal. The booming medical devices industry combined with healthcare penetration as landed the region in the top league. Europe is spearheaded by countries like France and Germany. Germany could expect to have the fastest growth in the years to come as it consists of a large medical devices industry.
Asia Pacific’s rapid growth in the worldwide market has been brought on by developing nations like India and China. These countries boast of a quickly expanding healthcare sector as well as large unmet needs that are now being considered by international players to gain footage in the region. Countries in South East Asia like India, China and Malaysia are presumed to make a deep impact on market growth, keeping in mind the increasing penetration of the healthcare industry.
Middle East and Africa could experience steady growth, led by Gulf nations including the United Arab Emirates (UAE) and Saudi Arabia. Some other countries to watch out for include Jordan, Kuwait, Iran, and Egypt. However, market growth in Africa is estimated to be poor on account of the weak economy and volatile political conditions. Sluggish healthcare development and poor social development and tribal identities, especially in sub-Saharan Africa, could hamper the market growth in the near future.
Prominent Vendors
Root Canal Market Players are Benco Dental, LM-Instruments Oy, 3M, Ultradent Products Inc., Schütz Dental GmbH, Confident Dental Equipment Ltd., Kerr Corporation, Dentsply Sirona, Pelton & Crane, and others.
Market Segmentation
The worldwide market for root canal has been segmented on the basis of types, drugs, devices, and end-user.
With respect to the type, the market has been segmented into nonsurgical root canal, secondary root canal, apicoectomy root canal, pulpotomy root canal, and pulpectomy root canal.
Drug-wise, the market covers anesthetics, pain killers, antibiotics, and others.
Depending on devices, the market can be considered for crowns, endodontic instruments, consumables, and others.
The end-users in the market are dentistry hospitals and clinics, research and academics, and others.
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