Report : South and Central America 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 South and Central America Root Canal Market during 2021–2028
According to a new market research study on “South and Central America Root Canal Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, and End User” is expected to reach US$ 75.2 million by 2028 from US$ 57.7 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the South and Central America 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.
South and Central America have been witnessing a growing number of COVID-19 cases since its outbreak. The COVID-19 pandemic presented numerous impacts on health systems, social life, and human behavior worldwide. It remains a challenge for local communities. In Brazil, a decrease in the root canal was observed despite efforts to keep the treatment routine as normal as possible. Elective dental treatments were suspended during the early months of the COVID-19 pandemic in order to slow the virus' transmission, although this had a negative growth influence on oral health. As a result, this study compared the number of dental procedures performed in the SUS during the first semester of 2020 to the first semester of 2019. All sorts of dental treatments (root canal therapy, tooth extraction, and others) reduced from 47 million in the first semester of 2019 to 15 million in 2020. Thus, the above factors show a negative impact on root canal leading to negative impact on the root canal too.
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 South and Central America 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, Septodont, Mani,Inc, DiaDent, 3M, and Envista Holdings Corporation are among the leading companies in the South and Central America 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 South and Central America (Brazil, Argentina, Rest of South and Central America).
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