Date: May 2022
Date: May 2022
The Market Statsville Group (MSG) publishes the new report on the "Dental Burs and Endodontic Market by Product (Diamond Burs, Carbide Burs, Endodontic Stainless Steel Files, and Endodontic NITI Alloy Files), by Distribution Channel (E-Commerce Website and Pharmacies), by Region – Global Share and Forecast to 2030".
The global dental burs and endodontic market size is expected to grow from USD 1,346.5 million in 2021 to USD 2,413.7 million by 2030, at a CAGR of 6.7% during the forecast period. Dental burs are tools used in the modern dentistry for the process of tooth restoration and surgical care. Endodontic is a branch of dentistry that involves studying and treating dental pulp and tissues surrounding the roots of the teeth. The factors that drive the growth of the dental burs and endodontic market include a rise in the prevalence of dental disorders such as dental caries, tooth decays, and dental cracks, development in healthcare sectors, an increase in number of geriatric population, and a surge in dental tourism. Dental burs are widely available in different materials such as carbide burs and diamond burs, which were used to form cavities before the start of the root canal and tooth extraction procedures. Endodontics is also available in different products for a root canal procedures. Market players are focusing on developing novel approaches for manufacturing various dental devices. Increase in prevalence of periodontal disease, upsurge in awareness about oral health hygiene, and advancements in technology for orthodontics are anticipated to drive the growth of the dental burs and endodontic market.
The overall dental burs and endodontic market has been segmented into product, distribution channel, and region.
By Product Outlook (Sales/Revenue, USD Million, 2017-2030)
By Distribution Channel Outlook (Sales/Revenue, USD Million, 2017-2030)
By Region Outlook (Sales/Revenue, USD Million, 2017-2030)
E-commerce website, by distribution channel, is estimated to hold the largest market share
On the basis of distribution channel, the global dental burs and endodontic market is classified into e-commerce website and pharmacies. In 2021, the e-commerce website segment had the largest market share of 60.4% in the global dental burs and endodontic market. E-commerce websites are online portals that allow buying and selling various goods, digital products, health care products, and services. It provides a huge opportunity for patients, healthcare professionals, clinics, and hospitals, to streamline their medical equipment purchases such as dental products, wearable devices, and other healthcare devices.
The increase in digital technology, rise in prevalence of dental disease, and initiatives taken by the government are the key factors for the growth of the market. The e-commerce website segment is expected to witness the fastest market growth during the forecast period, owing to a gradual increase in digitalization, sale of drugs at low cost, and a rise in awareness about oral health hygiene. Moreover, these pharmacies often offer drugs at low cost. Furthermore, in November 2020, Amazon launched its own online pharmacy to deliver the prescribed drug, medical devices, and dental instruments to the customer.
Europe had the largest market share in dental burs and endodontic market
Based on the regions, the global dental burs and endodontic market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Europe accounted for the highest market share of 37.2% in the global dental burs and endodontic market. Europe includes the Germany, France, UK, Italy, Spain, and Rest of Europe. Europe has emerged as the most lucrative market for dental burs and endodontic products. Germany accounted for the major share of the European dental burs and endodontic market in 2021, while the UK is expected to register the highest CAGR of 8.3% during the forecast period due to an increase in the prevalence of dental disorders, surge in dental restorations, rise in awareness program about oral health hygiene, dental treatment, and spread of knowledge about dental instruments among people.
Increase in dental tourism industries, advancement in R&D in orthodontic sectors, and growth in development of healthcare sectors are the key factors that boost the growth of the market. The dental burs and endodontic market in European countries experience notable market growth, owing to rapid adoption of dental products and development in the healthcare sectors. For instance, in 2019, Germany spent 11.7% of its GDP on health care. Thus, Germany is expected to witness significant growth, owing to high investment and focus on the oral hygiene.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the dental burs and endodontic market. It also consists of the profiles of leading companies such as Mani Inc., Prima Dental Manufacturing Ltd., 3M, Tri Hawk, Inc., Global Top Inc., Shenzhen Rogin Medical Co., Ltd, Shinwon Dental Co Ltd., Feihuan Medical Instruments Co Ltd., Golden Star Medical Co Ltd., and Spiral Tools Pvt. Ltd.
Browse complete report: https://www.marketstatsville.com/dental-burs-and-endodontic-market
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