The global dental needle market is expected to grow at an approximate CAGR of 5.4% during the forecast period.
recent years, the dentistry industry have witnessed a huge growth, in hands to hands with the healthcare sector. Increasing prevalence of dental diseases like caries and periodontal diseases along with the rising dental-healthcare expenditure provided favorable backgrounds for the development and growth of the dental needle industry. In 2016 according to the American Society for Nutrition about 47% of the adults in the U.S. have periodontal disease. Moreover, according to the American Dental Association, the U.S. national dental expenditures rose from USD 114 billion in 2014 and reached USD 117.5 billion in 2015. Moreover, growing geriatric population fuels the market growth. According to the World Health Organization in 2015, the geriatric population is expected to double and reach 2.1 billion by 2050. However, introduction of needleless delivery systems and risks of infection may restrain the market growth during the forecast period.
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The global dental needle market is segmented on the basis of type, gauge, length, and end users, and others.
On the basis of type, the market is segmented into plastic hub dental needle, anaesthetic dental needle, by bevel design, and others. On the basis of bevel design the market is sub segmented into regular bevel needle, triple bevel needle, scalpel-designed bevel needle, and others.
On the basis of gauge, the market is categorised into 25G, 27G, 30G needle, and others. On the basis of length, the market is segmented into 8mm, 16mm, 22mm needle and others. On the basis of end users, the market is segmented into hospitals, clinics, academic institutes, others.
America dominates the global dental needle market. The presence of well-developed healthcare sector and global players such as Dentsply Sirona. and MEDTRONIC within the regional boundaries fuels the market growth. Moreover, high prevalence of dental diseases and rising healthcare expenditures boosts the growth of the market in America.
Europe is the second large market for dental needle, which is followed by Asia Pacific. Availability of funds for research, huge patient population, well developed healthcare infrastructure and government support for research & development will drive the market in the Europe. Moreover, rising healthcare expenditure and growing geriatric population within the region boost the market growth within the region.
Asia Pacific is the fastest growing region for the market due to the presence of developing economies like India and China within the region. This along with favorable government policies and growing geriatric population will boost the market growth in the presence of huge opportunity for the untapped market within the region. According to the Economic and Social Commission for Asia and the Pacific, in 2016 about 12.4% of the population within the region aged 60 or more. This geriatric population is expected to reach 1.3 billion by 2050.
The Middle East & Africa has the least share in the global dental needle market due to presence of poor economies especially in the African region which have low per capita income and stringent government policies. Majority of the market of Middle & Africa region is held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure.
The key players for the global dental needle market are Septodont (Europe), Dentsply Sirona. (U.S.), Shinhung Co., Ltd (Asia Pacific), NIPRO Medical Corporation (U.S.), TERUMO CORPORATION (Asia Pacific), MEDTRONIC (U.S.), J. MORITA CORP. (Asia Pacific), EXELINT International, Co. (U.S.), TSK Laboratory Europe B.V. (Asia Pacific), and others.
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