According to a new report published by Allied Market Research, titled, " Europe Dental Burs and Endodontic Files Market by Product and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2028"
The Europe dental burs and endodontic files market was valued at $477.46 million in 2020, and is projected to reach $778.62 million by 2028, registering a CAGR of 6.8% from 2021 to 2028.
Dental burs is a vital tool required for almost every dental treatment and procedure. It has revolutionized the dentistry field and is used for cutting hard tissues such as bones or teeth. Endodontic is a branch of dentistry that involves the study and treatment of dental pulp and tissues surrounding the roots of the teeth. In addition, endodontic hand files are manually operated endodontic instruments used for cleaning and shaping of root canals.
One of the major factors that drive the growth of the Europe dental burs and endodontic files market includes rise in prevalence of dental disorders such as dental caries, tooth decays, and dental cracks. Dental burs and endodontic files 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 dental burs and endodontic files devices. Increase in geriatric population, advancements in technology, and upsurge in awareness of oral health are anticipated to drive the growth of the dental burs and endodontic files 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 Europe dental burs and endodontic files market is segmented into product, distribution channel, and country.
By product, the Europe dental burs and endodontic files market is divided into diamond burs, carbide burs, endodontic stainless steel files, and endodontic NiTi alloy files. The diamond burs segment dominated the market in 2020 owing to efficient grinding motion, the hardness of the diamond, and high speed of diamond burs. In addition, DENTSPLY SIRONA Inc. is one of the key manufacturers of diamond burs thereby boosting the dominance of the diamond burs segment. Further, the diamond burs and carbide burs segments are classified by burs shape into round-shaped burs, pear-shaped burs, cross-cut tapered burs, and others. Amongst this, the round-shaped burs segment was the largest revenue contributor in 2020 owing to high preference. Round burs are used for cavity preparation and creating access points, but they can also create undercuts and channels for blades during dental extraction.
By distribution channel, the Europe dental burs and endodontic files market is classified e-commerce websites and pharmacies. The e-commerce segment led the market in 2020, and is expected to continue this trend throughout the forecast period. This is attributed to various dental specific e-commerce platform launches in Europe in recent years.
Germany accounted for a majority of the Europe dental burs and endodontic files market share in 2020 and is anticipated to remain dominant during the forecast period. This is due 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 demand for root canal procedure.
Furthermore, presence of majority of key players boost the growth of the market in the region. UK is anticipated to witness lucrative growth during the forecast period, owing to rise in prevalence of dental caries, increase in number of dentists and dental practices, and rise in awareness about oral hygiene in the country.
Market players are adopting growth strategies such as product launches, acquisitions, partnerships, and collaborations to create sustainable position in the market. The key players operating in the market are Shenzhen Rogin Medical Co., Ltd, MANI, Inc, Tri Hawk, Inc., Prima Dental Group, Coltene Holding AG , Danaher Corporation (KaVo Dental GmbH), DynaFlex, Dentsply Sirona Inc., Golden Star Medical Co., Ltd., and EdgeEndo.
Key Findings Of The Study
- The diamond burs segment dominated the market in 2020 and is expected to maintain the lead throughout the forecast period.
- The e-commerce segment is expected to grow with a CAGR of 7.3% from 2021 to 2028.
- UK is expected to be the fastest growing country, registering a CAGR of 8.3% during the forecast period.
- Spain is accounted for a share of 8.32% in 2020.
- By country, Germany garnered largest revenue share in 2020