The global Endodontic Files Market size is expected to reach USD 50.5 million by 2028, recording a CAGR of 4.8% over the forecast period, according to a new report by Grand View Research, Inc. Higher disposal income levels and rising awareness concerning dental care are expected to drive the market growth. In addition, the rising technological advancement in the field of alloy files and the increasing number of root canal procedures are fueling the market growth.
The government initiatives to provide dental care at
subsidized rates or free of cost through the public sector for the low-income
groups and dependent groups further encourages more dental visits and dental
care awareness. Moreover, the regional associations dedicatedly working towards
endodontic, such as the American Association of Endodontists, The Asian Pacific
Endodontic Confederation, and The Australian Society of Endodontology, help in
creating awareness and support and develop the members associated.
The business strategies adopted in terms of mergers
and acquisitions by the key players are propelling the research and development
activities resulting in the development of technologically advanced products,
which are more efficient and facilitates faster treatment. In addition, it is
encouraging geographical expansion, making the files available to dental
hospitals, clinics, and academic hospitals worldwide.
The Covid-19 pandemic has further given a boost to the
online distribution channel. However, during the initial phase of the pandemic,
dental care was affected largely as the dental practices were at high risk of
spreading the virus. The dental clinics had to stop the operations and later a
complete structural change was needed to prevent the dentist from getting
infected.
Related Press Release@ Endodontic Files Market Report
Endodontic Files Market Report
Highlights
- The manual files segment dominated the market, in terms of revenue
share, in 2020 due to the preference for more controlled root canal
procedures
- The stainless steel material segment accounted for
the highest revenue share in 2020
- On the other hand, Ni-Ti files are expected to witness the fastest
CAGR over the forecast period due to their features, such as the shape
memory effect, superior elasticity, biocompatibility, and corrosion
resistance
- The offline distribution channel segment held a majority of the
revenue share in 2020 as most of the hospitals & clinics purchase
directly from the manufacturers enabling cooperation and communication to
medical specialists and technicians
- On the other hand, the online distribution channel is likely to
witness the fastest CAGR over the forecast period due to the rising
popularity of online portals as they offer convenience
- The hospitals/OPDs segment led the market in 2020 owing to
technological advancements and the government initiatives to provide
dental care through the public sector encouraging patients to visit the
hospitals
- In 2020, North America held the majority of the global revenue
share owing to the continuous development of files for improved
efficiency, awareness regarding dental care, and a rise in disposable
income levels
- However, Asia Pacific is expected to be the fastest-growing
regional market over the forecast period
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