Endodontic Devices Market Size is Estimated to Witness 4.3% CAGR till 2030

[sara James]

The global Endodontic Devices Market size is expected to reach USD 2.55 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.3% during the forecast period. Growing dental tourism, the prevalence of dental caries, and high dental care expenditure are some of the key growth drivers for the market. According to the ADA Health Policy Institute’s second annual Dental Industry Report, dental spending in the U.S. reached an all-time high of $136 billion in 2018, accounting for 3.7% of total health spending (HPI). The role of endodontists has evolved during the past decade due to the introduction of sophisticated techniques and devices in dental practice.

According to a research study published by the ADA, the number of dentists in the U.S. is projected to grow rapidly, leading to an increased volume of procedures in the country. A rise in the cases of untreated tooth decay, high consumption of sugar, tobacco, & alcohol, lack of good oral hygiene & regular dental check-ups, and a lack of fluoridation in water supplies or the use of a fluoride dentifrice, are some of the key factors driving the market. According to the U.S. Oral Health Division of the U.S. Department of Health & Human Services, more than 27% of adults and 20% of children have at least one untreated tooth decay.

Related Press Release@ Endodontic Devices Market Report

Endodontic Devices Market Report Highlights

• In 2021, the dental hospital end-use segment held the largest market share. A rise in government funding and reimbursement coverage were the key factors responsible for the segment’s growth
• North America was the largest regional market in 2021 and is likely to retain its position over the forecast period due to a rise in dental expenditure and the number of dental practices
• Asia Pacific is expected to witness the fastest growth rate during the forecast years owing to rapidly expanding dental tourism and improving healthcare infrastructure in the region
• Due to the onset of COVID-19, the global market was affected as the footfall of patient appointments for dental treatments was temporarily suspended due to the high risk of transmission
• However, the market is recovering and companies like Dentsply Sirona reported an increase in sales of their Technologies & Equipment segment in 2021