USD 1.06 billion
Report ID:
SQSG35B2026 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
70
|Figures:
73
Global Endodontics Market size was valued at USD 1.06 billion in 2019 and is poised to grow from USD 1.1 billion in 2023 to USD 1.57 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).
Endodontics is the branch of dentistry that treats dental pulp and the tissues around the roots of teeth. It comprises procedures like root canal therapy or endodontic therapy, retreatment, endodontic surgery, dental trauma, and broken tooth treatment.
Some of the primary drivers driving market growth are an increase in the prevalence of dental caries, high expenditure on dental care, and an increase in out-of-pocket expenditure. Increasing demand for rotary tools, an improved reimbursement scenario, rising dental tourism, and infrastructure improvements are expected to drive market expansion during the forecast period. Furthermore, increasing expenditures in global expansion by key players such as Danaher and Dentsply Sirona are likely to fuel market growth. According to a 2020 estimate from the Centers for Medicare and Medicaid Services, total healthcare spending in the United States has risen to roughly USD 3.8 trillion.
US Endodontics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.06 billion
Largest Segment
Dental hospitals
Fastest Growth
Dental hospitals
Growth Rate
4% CAGR
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The global Endodontics market is segmented based on product type, end-use, and region. Based on product type, the Endodontics market is segmented into Consumables (Endodontic files, Obturation materials, Solutions and lubricants, Others), Instruments (Apex locator, Motor, Scaler, Machine assisted obturation system, Others). Based on end-use, the Endodontics market is segmented into Dental clinics, Dental hospitals, Others. Based on region, the Endodontics market is categorized into North America, Europe, Asia-Pacific, and MEA.
Endodontics Market Analysis by end-use
In 2021, the dental hospitals segment dominated the global endodontics market, accounting for more than 40% of the market. Over the last decade, emergency hospital visits for preventable oral health issues have increased considerably, with young people accounting for the majority of these trips. According to the American Dental Association's (ADA) Health Policy Institute, over 2.2 million patients visit the hospital emergency room each year for dental discomfort, with Medicaid covering 41% of these visits. The availability of experienced and certified dental specialists in hospitals, such as dental surgeons, is further encouraging category growth. Hospitals are well-equipped with cutting-edge technology for accurate diagnosis and treatment. Furthermore, many patients prefer dental hospitals for surgical dental treatments because they provide high-quality care and service. The dental clinic segment, on the other hand, is predicted to grow at the fastest rate over the forecast period. Dental clinics are progressively emphasizing on personalized attention, customized treatment plans, shorter wait times, specialized care, improving dental equipment, and offering excellent yet cost-efficient treatment. These reasons are propelling segment growth.
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In 2021, North America dominated the global endodontics market accounting for more than 40% of market share and is expected to maintain its dominance throughout the forecast period. According to a research conducted by the Centers for Disease Control and Prevention in December 2020, one in every four persons had untreated dental problems, and 46% of adults aged 30 and up have symptoms of gum disease; the frequency of dental caries was 13%. During the projection period, Asia Pacific is expected to be the fastest growing regional market. This growth can be attributed to an increase in the number of dental care centers, the expansion of the dental tourism sector, and increased R&D activity in this field. The Asian Pacific Endodontic Confederation (APEC) is a regional endodontic group in the Asia Pacific region. The confederation seeks to create and promote high standards of endodontic research and clinical practice, as well as to foster a more cohesive professional network of endodontic practitioners in the region. The presence of such organizations is anticipated to drive regional market growth even further.
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Endodontics Market Driver
A rise in dental tourism globally is anticipated to drive the global endodontics market. Patients seeking dental care outside of their local healthcare systems are referred to as dental tourists. Dental tourism has grown in popularity among Europeans and Americans because to the cost reductions associated with services such as root canals, fillings, dental bridges, and orthodontic care in destination nations. International travelers seeking dental care made up 40% of all medical tourists in Costa Rica. According to Promed, people from all over the world fly to developing countries for dental procedures since it saves them 60-70% of their total treatment expenditures. According to the WHO, European and Asian countries have a high frequency of dental illnesses, with dental caries being the most common. Developing Asian countries such as India and China are seeing an increase in dental disorders as a result of increased sugary food intake, poor tooth brushing practices, and a lack of dental caries knowledge. The COVID-19 epidemic, on the other hand, had an impact on the whole dental and oral hygiene business.
Endodontics Market Restraint
The high risk involved with root canal treatment or treatments may limit the value of the endodontics market. The decaying tooth is removed during root canal treatment. Despite being regarded as the greatest alternative to tooth replacement, the treatment has few disadvantages during or after the procedure. Some downsides include teeth becoming brittle, prone to fracture, and weaker, as well as discomfort in the mouth and jaw. Furthermore, root canal therapy is more expensive than tooth extraction. Furthermore, the root canal operation takes a few hours and may require many sessions.
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Key players in the global endodontics market are implementing a variety of strategies in order to increase their market presence. Market participants' key strategies include new product launches, mergers, acquisitions, partnerships, and geographical expansion. COLTENE, for example, introduced MicroMega One RECI in January 2021. (a single shaping file in reciprocating motion). This should reduce the mechanical stress on the dental hard tissues. Its high cyclic fatigue resistance adds extra security.
Endodontics Market Top Players Company Profiles
Endodontics Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, the global endodontic market is growing primarily due to an increase in the geriatric population, an increase in the prevalence of dental diseases such as gum disease, dental cracks, and dental cavities, an increase in demand for root canal treatment, and an increase in R&D investment by various healthcare companies. Furthermore, an increase in demand for endodontic consumables, increased awareness about oral hygiene to reduce the risk of dental illnesses, and government incentives for the research and manufacturing of various endodontic consumable devices drive market growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.06 billion |
Market size value in 2031 | USD 1.57 billion |
Growth Rate | 4% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
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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Historical Year | 2019 |
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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 Endodontics 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 Endodontics 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Endodontics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Endodontics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Endodontics Market size was valued at USD 1.06 billion in 2019 and is poised to grow from USD 1.1 billion in 2023 to USD 1.57 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).
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Report ID: SQSG35B2026
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