USD 1128.33 million
Report ID:
SQMIG35I2330 |
Region:
Global |
Published Date: April, 2024
Pages:
220
|Tables:
92
|Figures:
72
Articaine Hydrochloride Market size was valued at USD 1128.33 million in 2022 and is projected to grow from USD 1221.99 million in 2023 to USD 2135.33 million by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).
The market has grown as a result of the increased use of articaine hydrochloride due to its rapid action and superior efficacy over other anesthetic medications. For example, articaine works better than lidocaine in patients with hypokalemic sensory overstimulation. The market for articaine hydrochloride is further supported by the rising incidence of dental problems brought on by junk food and the growing elderly population. Furthermore, growing disposable income and the growing trend of cosmetic dentistry are expected to support market expansion. However, it is projected that unfavorable reimbursement regulations and the high cost of dental procedures will impede market expansion. It is predicted that ongoing research and development endeavors concerning articaine hydrochloride and dental operations will yield novel prospects for the industry.
The rising rates of dental caries and other periodontal diseases, the development of dental anesthesia delivery systems, the rising use of articaine in dental surgery, the inventive nature of the dental anesthetics industry, and intensive research and development efforts are expected to propel the market's growth. One of the main dental conditions that affects people globally at a high incidence rate is periodontal disease. Other than articaine, prilocaine, lidocaine, mepivacaine, and bupivacaine are a few common local anesthetics. Throughout the projected period, the availability and use of substitute goods are probably going to hinder the market's expansion for articaine hydrochloride.
Global Market Size
USD 1128.33 million
Largest Segment
Dental Clinic
Fastest Growth
Hospital
Growth Rate
8.3% CAGR
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The global articaine hydrochloride market is segmented based on application type, end user type and regional type. In terms of application, the market is segmented into infiltration, nerve block and others. Based on end user, the market is bifurcated into dental clinics, hospitals and academics & research institutes. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. Due to large expenditures and the presence of well-established local enterprises, the end user category is growing in market share.
Articaine Hydrochloride Market Analysis by End User
As per categorization by end user, the market is classified into dental clinics, hospitals and academics & research institutes. Among these, dental clinics earned the largest share and continue to dominate the market. Advances in dental anesthesia procedures are driving substantial innovation and use within dental clinics, which is driving the global market for articaine hydrochloride. Dentists are increasingly choosing to use articaine hydrochloride, which has a fast onset and strong anesthesia, to treat pain during various dental procedures. Its effective numbing qualities and low systemic toxicity have led to its widespread use, improving patient outcomes in the dental context and increasing patient comfort and satisfaction.
Due to a number of variables, hospitals, universities, and research facilities are anticipated to grow at the fastest rates in the global articaine hydrochloride market. First off, as main healthcare facilities, hospitals perform a lot of dental treatments, which means there is a constant need for efficient anesthetics like articaine hydrochloride. Furthermore, academic and research institutions foster innovation and clinical research, which results in the creation of fresh uses and formulations for articaine and supports the drug's expansion in these industries.
Articaine Hydrochloride Market Analysis by Application
The global articaine hydrochloride market is changing as a result of advancements in nerve block techniques, which provide accurate and effective anesthetic delivery for dental treatments. As its potency and quick onset, licorice is a great option for nerve blocks as it minimizes patient discomfort while delivering focused pain relief. Cutting edge nerve block techniques, including the Gow-Gates and Vazirani-Akinosi techniques, take advantage of the qualities of articaine to provide deep anesthesia during root canals, dental operations, and other complex procedures, improving patient results and the overall clinical experience.
Owing to its adaptability and efficiency in a range of dental operations, infiltration and other local anesthetic techniques are expected to witness significant expansion in the global articaine hydrochloride market. Infiltration is becoming a more popular option for administering localized anesthesia as minimally invasive techniques gain hold, especially for common dental procedures like fillings and straightforward extractions. Furthermore, improvements in injection tools and compositions boost the accuracy and effectiveness of infiltration, propelling its uptake and fueling the fastest-growing market in this category.
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Europe dominated the global market in the past and is further anticipated to grow steadily as a result of rising dental treatment needs and attention. Another aspect propelling this market's expansion is Europe's increasing knowledge of preventative and remedial treatment. The new type of management system that would encourage dental professionals to run more efficient offices and free them up to concentrate on providing superior clinical treatment is the primary focus of the articaine hydrochloride market in Europe. The second-largest market share for articaine hydrochloride was held by North America. One of the reasons for the expansion of the articaine hydrochloride market in this area is the growing acceptance of the drug by dental practitioners.
One of the regions with the quickest rate of growth for articaine hydrochloride is Asia-Pacific. The nations primarily responsible for the exponential expansion of the articaine hydrochloride market in Asia-Pacific are China, Japan, and India, despite Australia's dominant position in the region due to its high adoption of new technology and its use in dentistry applications. As people are becoming more aware of new applications, there are various growth potential in the Indian market for articaine hydrochloride. The markets for articaine hydrochloride are expanding quickly worldwide, with Latin America, the Middle East, and Africa emerging as important development areas. The main reasons for this growth are the number of dental procedures rising, the expansion of the healthcare system, the rise in disposable income, and the growing knowledge of modern dental anesthesia techniques in these areas.
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Articaine Hydrochloride Market Drivers
Effective Dental Treatments
Growing Requirements and Minimal Invasiveness
Articaine Hydrochloride Market Restraints
Possibilities of Side Effects Issues
Strict Approval Procedures Not Going Through
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The competitive landscape of the Global Articaine Hydrochloride Market is characterized by the presence of several international pharmaceutical companies striving to capture a significant market share. Key players such as Septodont, Dentsply Sirona, Pierrel Pharma, 3M Company, and Anhui BBCA Pharmaceutical Co., Ltd., are actively engaged in product development, strategic collaborations, and geographical expansion to strengthen their foothold in the market and meet the growing demand for articaine hydrochloride worldwide.
Articaine Hydrochloride Market Top Player’s Company Profiles
Articaine Hydrochloride Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, worldwide dental practitioners use articaine hydrochloride due to its quick onset and strong anesthesia, which improves patient comfort during a variety of procedures and produces better results. Articaine hydrochloride is anticipated to witness greater acceptance as demand rises for less invasive dental procedures like infiltration, propelling a sizable global market expansion. The widespread use of articaine hydrochloride is associated with possible adverse effects, including tissue irritation and nerve damage. These effects raise safety concerns that may hinder the growth of the market, especially in patients who have allergies or medical conditions, requiring healthcare professionals to administer the drug cautiously. Furthermore, the lengthy and onerous regulatory approval processes for pharmaceuticals such as articaine hydrochloride may impede the worldwide market's progress, impacting both product distribution and market access.
Major international pharmaceutical companies such as Septodont, Dentsply Sirona, Pierrel Pharma, 3M Company, and Anhui BBCA Pharmaceutical Co., Ltd. are actively pursuing market share through product innovation, strategic partnerships, and geographical expansion to meet the growing global demand in the fiercely competitive global articaine hydrochloride market. Articaine hydrochloride is becoming more and more preferred by doctors due to its increased capacity to penetrate soft tissues and bone, as well as the advances in pharmaceutical delivery technology that have resulted to increased patient tolerance and efficacy. The use of computer-controlled local anesthetic delivery (CCLAD) systems is supporting this trend and propelling market expansion. Moreover, business partnerships and acquisitions seek to improve R&D capacities and product offers, bolstered by worldwide supply chains, even as allergy reactions and regulatory constraints endure.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1128.33 million |
Market size value in 2031 | USD 2135.33 million |
Growth Rate | 8.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Articaine Hydrochloride Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Articaine Hydrochloride Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Articaine Hydrochloride Market:
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Report ID: SQMIG35I2330
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