ENDODONTICS DEVICES MARKET ANALYSIS

Endodontic procedures are common, but specialized procedures performed in several general dentistry practices as well as practices that specialize in just endodontics. These procedures treat patients with problems at the roots of their teeth, and require a range of instruments specifically designed for each phase of a root canal procedure. These instruments are designed to make root canals more comfortable and efficient for both the clinician and the patient. While endodontic files are broaches that are used for mostly shaping of the canals, which are a range of additional endodontic instruments are useful during root canals. For endodontic instrumentation there is a wide range of different instrument types such as scalers, motors etc. Endodontic burs are used for gaining access to the canals before an explorer, which can be used to probe them. The next step in the procedure can often include a drill or reamer that can be used to clean and shape the top of the canals. Endodontic irrigation instruments are used for cleaning canals, while spreaders and condensers are used for filling the canals at the end of the procedure. Other endodontic instruments can include microsurgical mirrors for getting a better view of the small spaces being treated, as well as organizational instruments such as endodontic instrument blocks and endodontic file organizers.

Endodontics Devices Market – Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdown in various countries across the globe have impacted the financial status of businesses across all sectors. The private healthcare sector is one such sector, which has been majorly impacted by the pandemic. COVID-19 has also affected the economies in three main ways- by directly affecting the production and demand, by creating disruptions in distribution channels, and through its financial impact on companies and financial markets For instance, according to the Journal of Health Management, August 11, 2020, China being the epicenter of COVID-19, it went under a lockdown and extensive measures were put into action quite early, causing supply from the manufacturing facilities being reduced, affecting the exports from China and imports to the other countries. Critical component of infection control strategy is the use of Personal Protective Equipment (PPE) kits. There was shortage of PPE kits in India in month of February- March, which made India to double the production of PPE suits from 12,000 units to 30,000 units in a day. This has made the Indian government ask private companies to reach out to their suppliers in China and scout for machine manufacturers in China and Hong Kong.

For instance, according to report published on April 20, 2020, Decision Resources, LLC, several dental companies have forecasted strong revenue loss over one to 1.5 quarters (depending on the region) in 2020. This is a result of lower-than-expected sales in the equipment & instruments reporting unit due to the ongoing COVID-19 impact on. Reported net sales across the dental space declined by 7.6% in the Q1 2020, while organic sales declined by 4.3%.

Thus, impact of the Coronavirus (COVID-19) pandemic is expected to limit growth of the global endodontics devices market during the forecast period.

The global endodontics devices market is estimated to be valued at US$ 1,738.9 million in 2021 and is expected to exhibit a CAGR of 5.1% during the forecast period (2021-2028).

Figure 1: Global Endodontics Devices Market Share, (%), Analysis, By End User, 2021

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Increasing innovation technology in the endodontic irrigation system and increasing the production of endodontics consumables are expected to drive growth of the global endodontics devices market.

The endodontic devices market is witnessing technological improvements in endodontic irrigation systems. Innovations in the endodontic technology are fueling market growth. For instance, in April 2019, California-based medical equipment manufacturer Sonendo, announced the launch of GentleWave System, a novel irrigation technology, in Canada at the American Association of Endodontists.

Furthermore, market key players are increasing production of Irrigants to support shaping and cleaning procedures. For instance, sodium hypochlorite (NaOCl) is highly recommended for routine clinical use, owing to its excellent antimicrobial properties. However, NaOCl does not remove the smear layer by itself, since it only dissolves organic material. Hence, companies in the endodontic consumables market are increasing awareness regarding utilizing NaOCl within the confines of root canal systems. The companies increased R&D to develop nontoxic and biocompatible irrigants that dissolve organic tissues and effectively remove the smear layer. Companies in the market for endodontic consumables are increasing the production of ethylenediaminetetracetic acid (EDTA), since the novel irrigant provides better outcomes in cleaning and shaping procedures, as compared to NaOCl.

Global Endodontics Devices Market – Restraints

Growth of the global endodontics devices market is expected to be hampered over the forecast period, owing to high cost of endodontics devices, according to an article published in July 2018 Dentistry Today, the cost of file is US$ 10 or US$ 25. Moreover the cost of endodontic motors costs around US$1,549 - US$ 3,500, which is expected to restrain the global endodontics devices market growth.

Figure 2: Global Endodontics Devices Market Value (US$ Mn), By Region, 2021

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Global Endodontics Devices Market - Competitive Landscape

Key players operating in the global endodontics devices market include DENTSPLY SIRONA, Danaher Corporation, Ivoclar Vivadent, Ultradent Products, Septodont Holding, FKG Dentaire, Brasseler USA, MICRO-MEGA, DiaDent Group International, MANI, COLTENE Holding, and VOCO.