Endodontic devices are generally used within the root canal systems and tooth pulp chamber to uncover the calcified canals & remove the endodontic and restorative materials from the canal space from within the tooth.
In 2020, the Global Endodontic Devices Market accounted for up to USD 1.378 Bn. It is predicted to touch a landmark of USD 2.537 Bn by 2030, representing an overall CAGR of 4.791 percent throughout the estimated frame of time.
The rising prevalence of dental care centers, higher expenditure on dental care are some of the significant factors that are fuelling the overall market growth significantly. Apart from that, the continuous increase in demand for improved reimbursement scenarios, rotary instruments, infrastructural improvisations, and rising dental tourism is likely to support the market growth throughout the estimated time frame.
North America significantly held the largest share of the market of approximately 41.32% in 2020 and is expected to remain in its position throughout the prevised time period. As per CDC, 1 out of 4 adults face untreated dental problems, and around 46% of the adults aged 30 years & above have shown genuine symptoms of gum diseases. Apart from this, the prevalence of dental caries was almost around 13%.
The Asia Pacific (APAC) region is anticipated to be the fastest-growing market with a CAGR of around 6.73% throughout the forecasted period. This growth is primarily accredited to the growing dental tourism industry, the continuously rising number of dental care centers, and the increasing R&D activities in this sector.
The key industry players are on the verge of framing various effective strategies to strengthen their market presence further across the globe. New product launches, acquisitions & partnerships, geographical expansions, competitive landscape analysis are some of the pivotal strategies adopted by market players.
Some of the notable players in this industry include Danaher, Dentsply Sirona, FKG Dentaire, Ultradent Products, Septodont, Micro-Mega, Ivoclar Vivadent, Brasseler Holdings LLC, COLTENE, DiaDent Group International, etc.
· KaVo Kerr successfully launched its ZenFlexTM NiTi rotary shaping file. The device contains highly advanced cutting technologies and would provide much more efficient and less-time consuming root canal surgical operations, thus ensuring a speedy patient recovery which in turn will augment the market’s growth in the future.
· Coltene announced that it had launched a Single File Revision System to facilitate endodontic treatment operations carried out by dentists. This brand-new revision system applies some of the highly advanced technologies in endodontic treatments and also makes sure that the treatment is conducted in a safe manner, thus ensuring complete patient safety.
· Dentsply Sirona launched its brand-new product in the market known as ProMark Endodontic Motors, a much more convenient & powerful system that is highly capable of supporting the reciprocation and rotaries of Endodontic procedures. Thus, it helps the patients to get their proper endodontic surgical treatments.
All these initiatives undertaken by the reputed organizations, along with the major factors responsible for the requirement and improvisation of endodontic surgeries, are expected to change the market outlook entirely in the future by providing sample opportunities for its further enhancement.