North America Mineral Trioxide Aggregate Market to Grow at a CAGR of 6.0% to reach US$ 24,720.9 thousand from 2020 to 2027

North America Mineral Trioxide Aggregate Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Type (Gray and White); Application (Retrograde Filling, Perforation Repair, Apexification, Vital Pulp Therapy, and Others) and Country

  • Report Code : TIPRE00011561
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 89
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The North America mineral trioxide aggregate market is expected to reach US$ 24,720.9 thousand in 2027 from US$ 15,709.9 thousand in 2019. The market is estimated to grow with a CAGR of 6.0% from 2019 to 2027.

The growth of the market is driven by factors such as the increasing prevalence of dental diseases, growing dental industry, rising geriatric population, and increasing penetration of market players in the North America region. However, challenges in endodontics and dental health are likely to restrain the North America Mineral Trioxide Aggregate market growth to a certain extent.

Mineral trioxide aggregate is an endodontic cement which is mainly composed of tricalcic silicate, tricalcic alluminate, and bismuth oxide. It is of two types gray MTA and white MTA. It is widely used as a dental root repair material and is used during dental procedures like apexification, repairing root perforations during root canal therapy, and internal root resorption.

The dental industry is expected to grow in coming years owing to the major factors, such as rising number of dental visits, increasing number of dentists, and growing national dental expenditure. As per CDC, in 2017, around 84.9% of the children aged 2–17 years, 64.0% of the adults aged 18–64 years, and 65.6% of the adults aged 65 years and more visited a dentist at least once a year in the US. Rising number of dentists is also contributing to the growth of dental industry. As per American Dental Association, in 2019, there were 200,419 dentists working in the US dentistry sector, which accounts for 61.1 dentists working in dentistry per 100,000 US populations.

The growing national dental expenditure is driving the growth of the dental industry in North America. As per the ADA Health Policy Institute (HPI) in the US, the national dental expenditures were valued at US$136 billion in 2018, up from US$124 billion in 2016, which accounted for 3.7% of total health spending. Thus, the growing dental industry is expected to drive the mineral trioxide aggregate (MTA) market during the forecast period.

Dental implants are usually opted by elderly population; however, the number of younger populations opting for dental procedures is also increasing. Along with its functionality, the dental implants also go well with the trend of natural-looking teeth and can last as long as original teeth. A recent survey of dental professionals conducted by the American Academy of Cosmetic Dentistry (AACD) in 2015 stated that dental cosmetic procedures continue to be popular among the patients seeking cosmetic treatments. According to the Bureau of Labor Statistics, the dental cosmetic procedures are projected to increase by 19% from 2016 to 2026. Thus, the vast adoption and growth of the cosmetic dental procedures that majorly incorporates the use of dental implants are expected to support the growth of the mineral trioxide aggregate (MTA) market over the coming years. The increasing research activities in addition to technological advancements are likely to offer significant opportunity for the growth of the market.

North America is witnessing the growing number of COVID-19 cases; for instance, in the US, the number of cases has been increased to about 1,010,507 with 56,803 deaths reported as per the world meter. Due to COVID-19spreading, many cities are shutting down, causing treatments and doctors/dentist appointment cancellation. The patients suffering from critical dental issues need physical attention and need to perform procedures in the clinics. As the oral treatment, procedures are directly contacted with patients’ oral fluid that has a possible risk of infections, for the preventing the spread of COVID-19 it is requested to maintain social distancing as there is a greater risk of getting infected with coronavirus due to direct exposure to oral fluids of the patients. Therefore, it is likely to affect the mineral trioxide aggregate (MTA) market owing to the above mention points.

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NORTH AMERICAMINERAL TRIOXIDE AGGREGATE MARKET SEGMENTATION

By Type

  • Gray
  • White

By Application

  • Retrograde Filling
  • Perforation Repair
  • Apexification
  • Vital Pulp Therapy
  • Others

By Country

  • US
  • Canada
  • Mexico

Companies Mentioned

  • Ultradent Products Inc
  • Coltene Group
  • Dentsply Sirona
  • Avalon Biomed
  • NuSmile
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Application and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada

The List of Companies - North America Mineral Trioxide Aggregate Market

  1. Ultradent Products Inc
  2. Coltene Group
  3. Dentsply Sirona
  4. Avalon Biomed
  5. NuSmile

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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