Consumables Segment has the Largest Share of Product in the Asia Pacific Root Canal Market during 2021–2028
According to The Insight Partners market research study on “Asia Pacific Root Canal Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, and End User” is expected to reach US$ 313.9 million by 2028 from US$ 219.9 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific root canal market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the rising prevalence of dental diseases, growing geriatric population and increasing awareness regarding dental health are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the limited reimbursements in developing nations.
Covid-19 pandemic is affecting the business operation of the various key players operating in this region. For instance, as per the Dental Tribune International, Dentsply Sirona among the market leader in the dental business is expecting a fall in its sales about US$60–70 million in the first quarter in the APAC countries such as Chinese, Japanese, South Korean and Taiwanese markets the first quarter of this year. Following the pandemic, dental clinics and hospitals across India have suffered a significant decline in patient traffic, prompting many dentists to close their private practices. Those that were able to keep their clinics and hospitals open have increased their fees to compensate for the loss of patients and to cover their regular expenses, in addition to the extra cost of taking safety precautions. Due to the nature of its profession, dentistry took a huge hit during the Covid-19 pandemic. Dentists work in close quarters with their patients, requiring face-to-face conversation and regular exposure to their saliva, blood, and other bodily fluids. Thus, these factors played a negative role in root canal market in the region due to COVID-19.
The market for root canal market is segmented into product, and end user. Based on product, the root canal market is segmented into instruments and consumables. In 2021, consumables segment is estimated to account for the largest market share in the Asia Pacific root canal market. The growth of this segment is attributed to increasing dental diseases and increasing prevalence of healthcare awareness in people. Moreover, the same segment is expected to witness the fastest growth in the in the forecast period.
Coltene Group, Dentsply Sirona, Ivoclar Vivadent AG, Septodont, Mani,Inc, DiaDent, 3M, and Envista Holdings Corporation are among the leading companies in the Asia Pacific root canal market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in April 2018, COLTENE Group has been acquired SciCan and MicroMega. This acquisition is likely boosting sales in the core areas of infection control and endodontics
The market for root canal market is segmented into product, and end user. Based on product, the root canal market is segmented into instruments, and consumables. Based on end user, the root canal market is segmented into hospitals, dental clinics, and others. Geographically, the root canal market is segmented into Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific).
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com