Report : Europe Root Canal Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Instruments, and Consumables); End User (Hospitals, Dental Clinics, and Others)
Consumables Segment has the Largest Share of Product in the Europe Root Canal Market during 2021–2028
According to a new market research study on “Europe Root Canal Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, and End User” is expected to reach US$ 418.2 million by 2028 from US$ 317.1 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The report provides trends prevailing in the Europe 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.
The rapid growth of COVID-19 cases in Europe has had a major impact on the European economy. The shutdown of teaching, training, competitions, events, touristic activities, trade, and sales has dropped the demand for root canal. The importance of dental professionals in preventing COVID-19 transmission cannot be overstated. While routine dental care has been discontinued in nations affected by COVID-19 during the epidemic, the requirement for coordinated emergency care supplied by teams wearing adequate personal protective equipment has taken precedence. In January 2020, routine dental care was discontinued, and three months later, things are beginning to return to normal. Emergency dental care was provided, along with recommendations for rigorous personal protection and methods to prevent and avoid the creation of droplets and aerosols, as well as the use of high-volume aspiration. Due to their health insurance companies' licensing, the German Dental Association and the National Association of Statutory Health Insurance Dentists have instructed dentists in Germany to keep their practices open. However, treatments that can be postponed, according to the Robert Koch Institute, the German Dental Association, and regional dental groups, should be postponed. Thus, the pandemic had a negative impact on the root canal market.
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 Europe 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 Europe 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 Europe (Germany, UK, France, Spain, Italy, Rest of Europe).
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