ALBANY, New York, February 1, 2018 /PRNewswire/ —
Global Dental Endodontics Market: Backed by Sophisticated Healthcare Infrastructure, Developed Regions Emerge at fore
TMR pegged the global dental endodontic market at US$1.1 bn in 2016. Rising at a CAGR of 5.2% between 2017 and 2025, the global market is likely to reach US$1.7 bn by the end of 2025. Regionally, Europe led the global endodontic market in 2016 and is likely to remain dominant through the course of the forecast period. The region boasts a sophisticated healthcare infrastructure which gives soil for growth to the dental endodontic market in Europe. Besides this, the rising aging population, favorable reimbursement facilities, high purchasing power of consumers, and changing lifestyle will create an environment conducive to the growth of the endodontic market in Europe.
Based on product type, the market was dominated by the consumables segment, which held a share of nearly 70% in 2016. The segment’s dominance is attributable to the rising use of fresh consumable during endodontic treatments.
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Rising Incidence of Dental Diseases to Fuel Demand
The global endodontic market is likely to witness robust opportunities for growth in the coming years. The rising prevalence of dental health disorders, increasing incidence of oral infections, and the growing geriatric population are among the chief drivers of the market. Because elderly population is more vulnerable to dental diseases, a rise in their number will directly fuel the demand from the global dental endodontic market. Tooth enamel wears out with age, making teeth more prone to decays, plaques, and damage.
A recent study by the World Health Organization (WHO) has revealed that the number of people aged 60 years or over will more than double itself by 2050. Also reports suggest that a majority of older population will be from developing and under-developed nations. While the statistics indicate significant growth prospects, the market will also benefit from the rising healthcare expenditures witnessed worldwide. Other than this, the market will significantly benefit from the advent of technological advancements such as the use of CAM/CDM technologies and image mapping techniques.
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High Cost of Dental Procedures May Create Hindrances
On the downside, growth witnessed in the global dental endodontic market can be slowed by the high costs associated with dental procedures. Also lack of proper reimbursement facilities may limit the market to