Aging Population, Increased Knowledge About Oral Health, and Improvements in Dental Care Technology Driving Endodontic Device Industry in Europe: FactMR Report
The European endodontic devices industry is expected to be worth US$ 951.0 million by 2034, growing at a 3.2% CAGR over the forecast period. The leading causes of this increase include the rising incidence of dental cavities, the high expense of oral care, increased awareness, and the expansion of the healthcare system. The market is estimated to grow to US$ 693.7 million in 2024.
European endodontic device manufacturers are increasing their market presence and improving their product offers by utilizing cutting-edge technology and strategic alliances. The market for endodontic devices in Europe is expected to increase significantly over the next several years. Dental operations in Europe are more affordable and of good quality; people worldwide choose Europe for their dental procedures. This has led to a surge in dental tourism. It is anticipated that this pattern will hold, propelling the European dental industry’s expansion even more.
Furthermore, improved reimbursement guidelines should majorly affect the endodontic device industry's growth. As governments and insurance companies become more willing to cover the cost of dental procedures, patients are more likely to seek treatment and opt for more complex treatments, further stimulating industrial growth.
Additionally, the industry is anticipated to increase considerably due to the increasing necessity for rotary tools in dental treatments. Rotary tools are used in various dental procedures, including root canals, crown preparations, and implant placements, and their increasing use is expected to fuel the demand for dental equipment and supplies.
The European endodontic device industry is expected to grow at a 3.2% CAGR through 2034.
The industry for endodontic devices in Germany is predicted to expand at a CAGR of 2.6% through 2034.
The industry for treating endodontic devices in the United Kingdom is projected to grow at a CAGR of 3.3% until 2034.
In 2024, the endodontic instruments sector will command 65.1% of the industry.
Dental clinics are expected to hold 65.6% of the European endodontic device industry in 2024.
“The European endodontic device industry is expected to grow as major players are focusing on increasing their capital and expanding their geographic reach. This strategy will improve access to dental care, driven by the desire for superior treatments and improved infrastructure, which is expected to fuel industrial growth over the coming decade,” states a Fact.MR analyst.
Leading Players Driving Innovation in the Endodontic Device Industry in Europe
Strategies Adopted by European Manufacturers of Endodontic Devices
Major players in the European endodontic device industry are investing heavily in research and development to broaden their client base and increase the variety of products they provide. To increase their market presence and get a competitive edge, they develop new products, enter into contracts, collaborate with other businesses, and engage in large-scale mergers and acquisitions.
The European industry is competitive and demands reasonably priced goods. Manufacturers are creating cutting-edge, reasonably priced gadgets to maximize productivity and spur development while improving their production capacities, optimizing supply chains, and fortifying distribution networks.
For patients with allergies or taste sensitivity, Ultradent Products unveiled Enamelast, a flavor-free fluoride varnish, in October 2023. This offers a more pleasurable experience without any unpleasant taste or discomfort.
With its built-in apex locator, FKG Dentaire's Endostar Connect wireless endodontic motor, which was unveiled in July 2023, improves accuracy and productivity during endodontic procedures.
Segmentation of the European Endodontic Device Industry
By Product Type:
Endodontic Instruments
Endodontic Consumables
By End User:
Hospitals
Dental Clinics
Ambulatory Surgical Centers
By Countries:
Germany
United Kingdom
Spain
Italy
Russia
Benelux
France
Nordic Countries
Rest of Europe
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