PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1423783
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1423783
The global endodontics and orthodontics market is on the verge of a remarkable transformation, according to a recent report by Fairfield Market Research. The market is poised to expand at a robust CAGR to reach a market valuation of approximately US$ 7.9 billion by 2031.
Growing Dental Ailments Drive Market Growth
The past five years have witnessed a 4.3% CAGR in the global endodontics and orthodontics market. The surge in dental ailments has led to an increasing number of treatments associated with root canal therapy, as well as a heightened awareness of dental health and maintenance, resulting in a rise in the sales of endodontic and orthodontic products. Additionally, the dental tourism market is rapidly expanding in emerging economies of Asian and African countries, further boosting market growth.
Innovations in Technology and Dental Care
The convergence of technology and oral healthcare in the endodontics and orthodontics industry has improved the quality of treatment methodologies, ranging from tooth and root canal operations to addressing improper jaws and teeth. Quality health insurance plans now empower customers to choose advanced dental prosthetics materials, leading to a significant increase in product shipments across regions.
Acquisitions and Expansion Opportunities
Endodontic and orthodontic product suppliers are actively engaging in acquisitions to expand their product and service platforms. By introducing advanced dental care and expanding product applications, these suppliers are seizing untapped market opportunities. The integration of technologies like dental implants has also increased patient inflow due to heightened awareness about oral health.
Challenges and Restraints
Despite increasing awareness of oral health, some individuals still hesitate to seek dental treatment due to false perceptions of pain and discomfort during specialty dental procedures. Moreover, the high cost of dental treatment procedures and significant price disparities between public and private dental clinics are restraining factors for the growth of endodontics and orthodontics worldwide.
Regional Insights
Product and End User Insights
Endodontic products are projected to see significant growth, with a CAGR of 4.9% over the decade. Dental clinics accounted for over 72% of the market share in 2023, driven by improved product development and technological advancements in dental clinics for better oral disease diagnosis.
Impact of COVID-19
The dental care industry faced challenges during the COVID-19 pandemic due to aerosol generation during procedures. However, the industry is adapting to new standard operating procedures (SOPs) to ensure patient safety and is expected to rebound in sales over the forecast period.
Competitive Analysis
Key players in the endodontics and orthodontics market, such as Dentsply Sirona and FKG Dentaire, are focusing on new product launches and approvals to strengthen their market presence. These innovations are set to revolutionize dental care, providing enhanced user experiences and improved treatment options for patients.
Key Segments Covered in Endodontics and Orthodontics Industry Research