Gutta-percha Market Expected to Reach $385.8 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Gutta-percha Market," The gutta-percha market size was valued at $196.23 million in 2021, and is estimated to reach $385.8 million by 2031, growing at a CAGR of 7.1% from 2022 to 2031. Gutta-percha, is defined as a polymeric derived material from the percha tree in Malaysia. It is used in root canal procedures to fill the tooth after root canal procedure. The pulp of the tooth that has been injured is removed during a root canal procedure and the canals are cleansed & sterilized. The gutta-percha is then heated, compressed, and bonded with adhesive cement inside the tooth's canal. When a solid core and a resin sealer are combined, gutta-percha is used to accomplish bonding. The producer spreads the uniform layer over the gutta-percha cone.

Factors that drive growth of the gutta-percha market size include rise in geriatric population; increase in number of gutta-percha industry, an alarming increase in the prevalence of dental disease & condition such as gum disease, cavities, cracked teeth, and dental pulp; a surge in demand for root canal procedure; advancement in technology in thehealthcare sector, rise in awareness toward oral hygiene, and upsurge in dental tourism. According to Centers for Disease Control and Prevention (CDC), in 2019, 70.1% of the population aged above 65 years and more was reported to be diagnosed with periodontal diseases. Thus, rise in geriatric population and increase in prevalence of periodontal disease are expected to propel the demand for gutta percha material for dental treatment purpose, which, in turn, augments the gutta-percha market analysis.

Moreover, as per the Global Burden of Disease, in 2020, it was reported that around 2.4 billion people globally were affected with dental caries. In addition, according to World Health Organization (WHO), consumption of tobacco, alcohol, and unhealthy diet are among the few common causes of oral disease. This factor surge the need for root canal procedure and anticipated to fuel the gutta-percha market trends. In addition, increase in demand for regular dental checkups, further allow the easy detection of conditions such as dental caries, and damaged tooth tissue.  It causes increase in the need for fillings, crowns, and root canals procedure. Gutta-percha-like dental resin and glass ionomer sealants are applied to the fissures of the teeth that are most susceptible to bacterial invasion, creating a smooth protective surface. Therefore, the forecasted expansion of the gutta percha market is expected to be aided by the rise in prevalence of caries.

Moreover, surge in number of dental clinics and increase in the number of professionals who perform dental procedure are attributed to drive the growth gutta percha market. In addition, rise in the disposable income among population of developing countries and increase in number of R&D activities in the field of dentistry boost the market growth.

On the basis of type, the market is segmented into surface modified gutta-percha, medicated gutta-percha, and nanoparticles enriched gutta-percha. The surface modified gutta-percha segment dominated the market in 2021, and is expected to continue this trend during the gutta-percha market forecast period, owing to increase in demand for resin-coated gutta-percha.

On the basis of form, the market is bifurcated into beta and alpha. The beta segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in availability of gutta percha in beta form. The beta form of gutta percha is more stable and flexible at room temperature.

On the basis of distribution channel, the market is classified into retail pharmacy and online pharmacy. The retail pharmacy segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in the number of licensed retail pharmacies and increase in the demand of gutta percha material for root canal treatment.

On the basis of end user, the market is divided into hospitals, dental clinics, and dental academic and research institutes. The hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in number of hospitals and increase in expenditure by government to develop healthcare infrastructure.

North America accounted for a majority of the gutta-percha market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in number of root canal procedures, increase in number of gutta-percha industry and developed healthcare infrastructure. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in expenditure by government organization to develop healthcare sector, increase in awareness among people regarding oral hygiene.      

The COVID-19 outbreak had negative impact on growth of the global gutta percha market. The COVID-19 pandemic stressed healthcare systems of the world. In addition, dental surgeons are more vulnerable for contracting and transmitting the corona virus. Subsequently, this leads to cancellation of many non-essential surgical procedures across the world. Thus, these factors are anticipated to hinder the growth of market during pandemic. In addition, demand for gutta percha decreased, owing to flight cancellations; travel bans and quarantines; restriction of all indoor/outdoor events; emergency declaration; and massive slowing of supply chain of raw material. Thus, the outbreak of COVID-19 has negatively impacted the gutta percha market.  

Key Findings Of The Study

• By type, the surface modified gutta-percha segment was the highest contributor to the market in 2021.
• By form, the beta segment was the highest contributor to the market in 2021.
• By distribution channel, the retail pharmacy segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
• By end user, the hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
• By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.