According to a recent market analysis published by Future Market Insights (FMI), the global Endodontics and Orthodontics Market will grow at a moderate rate of 4.9 percent through 2020, reaching a revenue of US$ 4,593.9 Mn by the end of 2020. FMI has assessed the global endodontics and orthodontics market over a 10-year period, from 2018 to 2028.
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Furthermore, according to an OECD analysis, treatment of oral diseases, including dental caries, accounts for nearly 5% of total health expenditure in developed countries. With a high prevalence in Asian and Latin American countries, cases of dental caries are expected to rise in African countries due to inadequate Flouride exposure and increased sugar consumption.
With an ever-increasing number of dental health cases and rising government spending on oral health awareness programmes, the global endodontics and orthodontics landscape is expected to grow in the coming years. Furthermore, rising demand for silver-gold-palladium alloys for crowning and other dental prosthetics is a major factor.
Aside from aesthetics, dental insurances cover high-priced metals. With such favourable programmes, the global endodontics and orthodontics market is expected to grow in the near future.
FMI study of the global endodontics and orthodontics market foresees high potential of endodontics and orthodontics in emerging markets through strategic mergers and acquisitions
- Key leaders, in the dental caries and endodontic market are actively making acquisitions to expand their product and services platform. Acquisition of leading regional players by global companies, is steadily consolidating dental caries industry.
- For instance, Patterson companies, through acquisitions since 2017, is projected to bring high resolution desktop 3D printers, resins, and accessories to dental practitioners.
- Henry Schein Inc., with 8 acquisitions in the dental industry and five acquisitions in Arseus NV in Europe, is marching forward to solidify its position in the global endodontics and orthodontics market.
- Other key companies including Dentsply Sirona Inc., 3M, Aling Technology Inc., Dentaurum GmbH, and Ivoclar Vivadent Inc., are likely to focus on acquisitions and partnerships to strengthen their business and expand global presence.
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FMI evaluates key market opportunities for players in the endodontics and orthodontics market
- Introducing advanced new dental care and increasing product application to leverage untapped market opportunities.
- Technological advancements including the newly launched dental implants could forward integrate the endodontics and orthodontics market.
- Significant research and development activities undertaken by a few players that includes provide training to dental professionals covering the most current information on new techniques, materials and technology to innovative practice solutions, would favor the market growth.
Key takeaways from the endodontics and orthodontics market report
- In-bound dental tourism and increased imports-exports of dental materials and consumables would push revenues in the global endodontics and orthodontics market. For instance, Hungary in Western Europe is becoming a preferred dental tourism destination considering relatively less cost of dental care compared to other developed region. Dental caries and endodontics market in Eastern Europe is expected to flourish owing to the increasing trade of dental materials, supplies, and consumables in Poland and Russia.
- Geographically, U.S will remain dominant country in the North America endodontics and orthodontics market, with nearly 50 percent of the total market share. Moreover, the regions showcases high market attractiveness index in U.S, on the account of large presence of skilled professional dentists in the region.
- Projecting an attractiveness index of nearly 1.6, Asia Pacific is projected to remain the high revenue generator in the global endodontics and orthodontics market. The trend is expected to continue through 2028.
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Segmentation
The Endodontics and Orthodontics market has been thoroughly examined and segmented in order to answer specific questions from industry stakeholders. A broad visionary assessment of the market from every critical market perspective is presented.
The Endodontics and Orthodontics market report provides a detailed taxonomy of the Endodontics and Orthodontics market by product type and end user. The Endodontics and Orthodontics market is divided into permanent sealers, files, obturation devices, and others based on endodontic product type. The Endodontics and Orthodontics market is divided into dental braces, molar bands, wires, retainers, and others based on orthodontic product type.
Endodontics and Orthodontics market is divided into dental laboratories, dental hospitals, dental clinics, and others. The Endodontics and Orthodontics market has been studied in North America, Latin America, Europe, and Asia Pacific. Japan, Japan, and MEA are excluded.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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