Market Research Future published a research report on Global Root Canal Market and predicts that Market is expected to grow at a healthy CAGR of 8% during the forecasted period and report include market Analysis, Scope, Stake, Progress, Trends and forecast till 2023
The Americas account for a significant market share owing to high expenditure on the health care especially of the U.S. and Canada. Additionally, the greater number of dental procedures due to greater dental healthcare penetration in the U.S. and Canada drives the root canal market. The high concentration of the major hospitals in the developed countries of this region coupled with good reimbursement rates is adding fuel to the market growth. Moreover, the large share of dental procedures especially the root canal treatment in the returns of hospitals favors the market.
Europe is the second largest market in the world due to growing medical devices industry and healthcare penetration. The European market growth is led by countries such as Germany and France. Germany is expected to be the fastest growing market over the assessment period due to its large medical devices industry.
Asia Pacific region is expected to grow rapidly; China and India are likely to lead this market due to the fast-growing healthcare sector and large unmet needs over the forecast period. South East Asian countries such as China, India, and Malaysia are projected to contribute highly to the market growth.
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Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. Other Middle East nations to watch out for are Kuwait, Jordan, Egypt, and Iran. The African region is expected to witness a poor growth owing to poor economic and political conditions, and poor healthcare development.
Global Root Canal Market – Overview
The global root canal market is expected to reach USD 21.0 billion by 2023, and the market is projected to grow at a CAGR of ~ 8.0 % during the forecast period 2017-2023.
A root canal is a dental procedure involving the removal of the central part called the pulp, when it is injured, inflamed or infected. The objective of root canal is to save the structure of the tooth and to prevent infection of the gums to spreading to the other nearby areas. Common causes of root canal treatment include deep decay due to cavity, a chip or crack in the tooth, an injury to the tooth, infection and others. The most common symptoms of damaged pulp include pain, swelling, and a heat sensation in the gums.
The market drivers for global root canal market are rise in demand for this treatment due to the growing population and greater number of procedures performed, increasing screening, greater consumption of starch rich diets and fast foods, greater emphasis on restorative dental procedures, rising efficacy, efficiency and success rate of root canal treatment, and others. The market restraints are the complications such as risk of bleeding, infections, pain, high cost of root canal treatment, loss of the tooth due to damaged and weak enamel, risk of developing abscess due to incomplete removal of infected material or if the antibiotics aren’t effective and others.
According to American Association of Endodontists (AAE), more than 15 million root canals are performed every year with more than 41,000 root canals are performed each day, with 89% of patients are satisfied after root canal treatment by an endodontist. According to the American Association of Endodontists (AAE), the estimated total of all endodontic procedures went up about 10% as compared to the the last decade.
Key Players for Global Root Canal Market
Market Research Future (MRFR) recognizes the following companies as the key players in Root Canal Market: There are plenty of large and small market players which operate in this market all over the globe.
Some of the key players profiled in the report are Kerr Corporation, Dentsply Sirona, LM-Instruments Oy, Schütz Dental GmbH, Ultradent Products Inc., Pelton & Crane, 3M, Confident Dental Equipment Ltd., Benco Dental and others.
Segments for Global Root Canal Market
The Global Root Canal Market has been segmented on the basis of types, drugs, devices and end user.
Based on the types, the market has been segmented as nonsurgical root canal, secondary root canal, apicoectomy root canal, pulpotomy root canal, and pulpectomy root canal.
Based on the drugs, the market has been segmented as anesthetics, pain killers, antibiotics, and others.
Based on the devices, the market has been segmented as crowns, endodontic instruments, consumables, and others.
Based on the end user, the market has been segmented as dentistry hospitals and clinics, research and academics, and others.
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