Rise in prevalence of dental disorders, increase in number of dentists, and surge in dental tourism and awareness toward oral health fuel the global dental burs and endodontic market.
PORTLAND, Ore., July 19, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Dental Burs and Endodontic Market by Product (Diamond Burs, Carbide Burs, Endodontic Stainless Steel Files and Endodontic NITI Alloy Files), and Distribution Channel (E-commerce Website, and Pharmacies): Global Opportunity Analysis and Industry Forecast, 2021-2028." According to the report, the global dental burs and endodontic industry was estimated at $1.28 billion in 2020, and is anticipated to hit $2.12 billion by 2028, registering a CAGR of 6.7% from 2021 to 2028.
Rise in prevalence of dental disorders, increase in number of dentists, and surge in dental tourism and awareness toward oral health fuel the global dental burs and endodontic market. On the other hand, high costs associated with dental burs and endodontic products and lack of skilled dental professionals impede growth to some extent. However, advancements in R&D in dentistry would create lucrative opportunities in the coming years.
The outbreak of the pandemic led to disrupted manufacturing activities of dental burs and endodontic products. Also, dearth of raw materials and distorted supply chain impacted the global dental burs and endodontic market negatively.
At the same time, dental clinics were closed down during the lockdown. Dental procedures were carried out only in case of emergencies, thereby affecting the market growth. Nevertheless, the demand is anticipated to rise slowly post pandemic.
The diamond burs segment to dominate-
Based on product, the diamond burs segment contributed to the largest market share in 2020, holding nearly two-fifths of the total market share, and is expected to maintain its lead position by the end of 2028. This is attributed due to rise in prevalence of dental cares, growth in the material industry, surge in manufacturing of dental products, and advancement in the R&D for orthodontics across the world. However, the endodontic NiTi alloy files segment is estimated to witness the highest CAGR of 7.5% during the forecast period, due to increase in prevalence of root canal procedure, rise in number of dentistry, and growth in awareness about oral hygiene.
The e-commerce website segment to maintain the dominant share-
By distribution channel, the e-commerce website segment garnered the lion's share in 2020, holding around three-fifths of the global dental burs and endodontic market, and is expected to retain its dominance by 2028. This segment is also expected to cite the fastest CAGR of 7.1% during the forecast period. Rise in digitalization and sales of drugs at low cost fuel the growth of the segment.
Europe, followed by North America, garnered the major share in 2020-
Based on region, Europe, followed by North America, held the major share in 2020, accounting for nearly two-fifths of the global dental burs and endodontic market throughout the forecast period, owing to rise in prevalence of dental diseases, presence of advanced healthcare infrastructure, increase in awareness about dental care, and surge in demand for root canal procedure in the province. At the same time, the market across Asia-Pacific is projected to portray the fastest CAGR of 8.4% during the forecast period, due to rise in geriatric population, increase in number of dentists and dental practices, surge in number of dental infection, and rise in awareness about oral hygiene among individuals in this region.
Key players in the industry-
Golden Star Medical Co Ltd.
Prima Dental Manufacturing Ltd.
Shinwon Dental Co Ltd.
Global Top Inc.
Tri Hawk, Inc.
Spiral Tools Pvt. Ltd.
Shenzhen Feihuan Medical Instruments Co Ltd.
Shenzhen Rogin Medical Co. Ltd.
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