Market Research Future added a new research report on Root Canal Market and Researchers predicts that Market is expected to cross 8.0% CAGR during the forecasted period and report include market Analysis, Scope, demand, growth, Trends and forecast till 2023.
— 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 generally recommended for endodontic issues such as deep infection in the tooth. Root canal procedures are necessary when tooth decay or trauma accesses the inner, pulp, and layer of teeth. The prevalence of endodontics has been raised to an alarming number, over the past few years. As a result, the root canal market is growing rapidly and pervasively.
There have been many new improvements occurred in the field of root canal in terms of devices and technologies that are used in the procedure. New advanced diagnosis treatments are exceeding the success ratio as compared to the traditional diagnosis which was often delivering mediocre results, failing to examine the teeth properly. Also, there have been several novel approaches emerged to aid the endodontics treatments which are escalating the root canal market on the global platform.
Acknowledging the colossal traction, the market currently, Market Research Future (MRFR) in its recently published study report asserts that the already booming global root canal market is poised to touch a valuation of USD 21.0 Bn by 2023 growing at over 8% CAGR during the forecast period (2017-2023). Lack of oral hygiene is a major reason for increasing dental problems.
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Additional factors that are substantiating the growth of the market include paramount concerns of oral health care, increasing geriatric populace, and the well-spread awareness about oral healthcare. Besides, the increasing screening, greater emphasis on restorative dental procedures, and rising safety and success of root canal treatment are fostering the growth of the market.
Conversely, factors such as the high cost of root canal treatment and the complications such as endodontic infection, risk of bleeding, pain, and the risk of developing abscess are impeding the growth of the 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.
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.
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.
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.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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