New YorkAnd January 28, 2022 /PRNewswire/ – file Global Endodontic and Orthodontic Market It is expected to expand at a compound annual growth rate of around 5.2% during the forecast period from 2021 to 2031. According to the latest research report issued by the market research organization, the global market is valued at more than 4.6 billion US dollars in the year 2020.
The growing popularity of being aesthetically perfect in terms of appearance has led to the growth of the prosthetics and cosmetic sector over the past few years. Changing lifestyle and perception regarding facial aesthetics has stimulated the growth in demand for endodontic and orthodontic products, with dental implants representing a profitable position to drive revenue growth in the industry. Increasing incidence of periodontal disease, spending on dentistry, rising number of elderly people in the world, as well as increasing disposable income are the main factors driving the expansion of the market.
Moreover, new developments and innovations regarding advancements in endodontics, growing awareness regarding dental hygiene, and increasing number of dental practitioners in existing geographies are complementing the growth of the market.
The rise in demand for root canal treatments followed by increased investments in research and development by major healthcare companies has resulted in the production of the latest orthodontic and root canal products, primarily dental implants. Many of the major manufacturers of endodontic and orthodontic products focus on emerging markets due to their broad potential for growth as well as to expand their distribution channels worldwide.
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The main takeaway from the market study
Endodontic products account for more than two thirds of the market value share, mainly due to the widespread prevalence of oral diseases.
Dental clinics dominated the market with a share of around 72.3% in 2020, due to the increase in the number of dental professionals with independent clinical practices, globally.
North America It is the largest regional market with a value share of more than 37% in 2020. It is also expected to grow 1.5 times by 2031 due to the presence of major players in the region.
“Increased awareness regarding oral health and advances in root canal therapies have led to an increased demand for endodontic and orthodontic products,” says one Perseverance Market Research analyst.
To increase their sales, the major players in the endodontic and orthodontic market have focused on product innovation. Manufacturers have come up with ways to innovate their products in order to maintain their market position.
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- For example, major players such as Henry Shen, Inc. and Ivoclar Vivadent AG, in December 2019announced plans to distribute the new PrograMill One Milling system, in which the companies work together.
Agreements and channel expansions are other key strategies that manufacturers adopt to increase their consumer base in different geographies.
- Patterson Veterinary Supply, Inc. , a subsidiary of Patterson Companies, Inc. , that it has signed an agreement to acquire all assets of Miller Vet Holdings, LLC, a multi-region veterinary distributor, in April 2021.
A notable player in the industry is Dentsply sirona, Inc. 3Mand Align Technology, Inc., DENTAURUM Gmbh & Co. KG, FKG Dentaire SA, Ivoclar Vivadent Inc, Patterson Companies, Inc. and Mani, Inc. and Coltene Holdings AG and Danaher Corporation (Ormco).
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What does the report cover?
Perseverance Market Research offers unique perspective and actionable insights into the Endodontics and Orthodontics market in its latest studies, providing an assessment of the historical demand for 2016 – 2020 and forecast for 2021 – 2031.
The research study is based on product (endodontic products (permanent tampons, files, dam devices, etc.) and orthodontic products (orthodontics, molar bands, wires, retainers, etc.)) and end user (dental laboratories, dental hospitals, dental clinics, etc.) major regions of the world.
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