The Global Dental Needle Market is expected to grow at an approximate CAGR of 5.4% during the forecast period.
Key players for global dental needle market
The key players for the global dental needle market are
- Septodont (Europe),
- Dentsply Sirona. (U.S.),
- Shinhung Co., Ltd (Asia Pacific),
- NIPRO Medical Corporation (U.S.),
- TERUMO CORPORATION (Asia Pacific),
- MEDTRONIC (U.S.),
- J. MORITA CORP. (Asia Pacific),
- EXELINT International Co. (U.S.),
- TSK Laboratory Europe B.V. (Asia Pacific)
The healthcare sector have been expanding over years and dentistry is not an exception. The increasing demands for dentistry have created favourable backgrounds for dental needle market to grow. Structurally, a dental needle have four major components- bevel, shank, hub, syringe adaptor, and cartridge penetration end.
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Increasing prevalence of dental conditions like periodontal disease, caries, besides others and rising dental-healthcare expenditure majorly drives the market growth. According American Society for Nutrition in 2016, 47 % of the adults in the U.S. have periodontal disease.
Moreover, according to the American Dental Association, the U.S. national dental expenditures rose from USD 114 billion in 2014 and reached USD 117.5 billion in 2015. Additionally, growing geriatric population fuels the market growth. According to the report of WHO published in 2015, the geriatric population is expected to double and reach 2.1 billion by 2050. However, introduction of needleless delivery systems and risks of infection may restrain the market growth during the forecast period.
America dominates the global dental needle market owing to a well-developed healthcare sector and high per capita healthcare expenditure. Moreover, high prevalence of dental diseases, increasing boosts the growth of the market in America. Additionally, the presence of developed economies like U.S. and Canada and global players such as Dentsply Sirona. and MEDTRONIC within the regional boundaries fuels the market growth.
Europe is the second large market for dental needle, which is followed by Asia Pacific. Availability of funds for research, well developed healthcare infrastructure, huge patient population, rising healthcare expenditure and government support for research & development will drive the market in the Europe.
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Asia Pacific is the fastest growing region for the market due to the presence of developing economies like India and China within the region which have increasing healthcare expenditures. This along with favourable government policies and growing geriatric population will boost the market growth in the presence of huge opportunity for the untapped market within the region. According to the Economic and Social Commission for Asia and the Pacific, in 2016 about 12.4% of the population within the region aged 60 or more. This geriatric population is expected to reach 1.3 billion by 2050.
The Middle East & Africa has the least share in the global dental needle market due to presence of poor economies especially in the African region. Majority of the market of Middle & Africa region is held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure by the presence of the economies like Saudi Arabia, Kuwait and Qatar within the region.
- Healthcare companies
- Biotechnological institutes
- Research and Development (R&D) Companies
- Medical Research Laboratories
- Market Research and Consulting Service Providers
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