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Endodontic Consumables Market Expected to Reach $1.96 Billion by 2028—Allied Market Research

 

Report Code : A04259

quote Alarming increase in prevalence of dental disorders across the globe, advancements in technology for manufacturing of novel endodontic devices, rise in awareness about oral health and surge in geriatric population are expected to notably contribute toward the growth of the global endodontic consumables market during the forecast period. quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Endodontic Consumables Market, by Product and End User: Global Opportunity Analysis and Industry Forecast, 2021–2028," the global endodontic consumables market was valued at $1234.0 million in 2020, and is projected to reach $ 1956.51 million by 2028, registering a CAGR of 6.28% from 2021 to 2028.

Endodontic is a branch of dentistry that involves the study and treatment of dental pulp and tissues surrounding the roots of the teeth. It is among the most commonly opted method of treatment and is carried out by an endodontic. It involves a variety of procedures such as endodontic therapy or root canal therapy, endodontic retreatment, surgery, treating cracked teeth, and treating dental trauma.

The factors that drive the growth of the endodontic consumables market include rise in prevalence of dental disorders such as dental caries, tooth decays, and dental cracks. Endodontic consumables are available in different products for a root canal procedure. Market players are focusing on the development of novel approaches for the development of new endodontic consumable devices. Increase in geriatric population, advancements in technology, rise in prevalence of ophthalmic disorders, and upsurge in awareness about oral health are anticipated to drive the growth of the endodontic consumables market. In addition, the demand for the root canal treatment procedure has led to increase in sale of endodontic devices. Moreover, negligence toward oral hygiene among the patients such as unhealthy diet, and smoking, boosts the need for root canal procedures. In addition, repeated dental procedures on teeth are expected to provide lucrative opportunities for the endodontists, thereby fueling the market growth. 

The endodontic consumables market is segmented into product, end user, and region. On the basis of product, the market is divided into endodontic files, obturator, and permanent endodontic sealer. The endodontic file segment dominated the market in 2020, due to rise in number of root canal procedures, advancement in technology in the field of orthodontics and lack of proper oral hygiene. Further, the endodontic file segment is classified into materials and type. Under the material, the endodontic consumables market is classified into stainless steel files and alloy foils. Under the type, the endodontic consumables market is classified into a handheld RC file and rotary file.

On the basis of end user, the market is classified into dental clinic and hospital and dental academic research institute. The dental clinic segment led the market in 2020, and is expected to continue this trend throughout the forecast period, due to rise in prevalence of dental disease such as dental caries and dental cracks, increase in number of geriatric population and development in the technology in the healthcare sector.

The COVID-19 outbreak is anticipated to have a negative impact on the growth of the global endodontic consumable devices market. The COVID-19 pandemic has stressed healthcare systems of the world. A huge number of clinics, hospitals across the globe, were restructured to increase the hospital capacity for the patients diagnosed with COVID-19. Dental surgeons are more vulnerable for contracting and transmitting the Corona virus. Subsequently, this led to cancellation of many non-essential surgical procedures across the world.

Key Findings Of The Study 

  • By product, the endodontic files segment was the highest contributor to the market in 2020.
  • By end user, the dental clinic segment dominated the market in 2020 and is expected to continue this trend throughout the forecast period.
  • By region, Europe garnered largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

Europe accounted for a majority of the global endodontic consumables market share in 2020 and is anticipated remain dominant during the forecast period. This is attributed to rise in prevalence of dental diseases, presence of advanced healthcare infrastructure, rise in awareness about the prevention and treatment of dental disease as well as surge in the demand for root canal procedure. Furthermore, presence of majority of key players boost the growth of the market in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in prevalence of dental caries, increase in number of dentist and dental practices and rise in awareness about oral hygiene in this region.

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quote 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, 2021––2028 quote

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