DENTSPLY SIRONA Inc. (US), Danaher Corporation (US), and MANI Inc. (Japan) are prominent players in the Global Endodontics Market
The global endodontics market is expected to reach USD 1.61 Billion by 2022 from USD 1.26 Billion in 2017, at a CAGR of 5.1% from 2017 to 2022. Rapid growth in the geriatric population and the associated increase in the prevalence of dental diseases, growing dental tourism, and increasing dental expenditure along with growth in disposable incomes are the factors contributing to the growth of this market.
The global endodontics market is oligopolistic with very few players accounting for a major share of the market. DENTSPLY SIRONA, Danaher Corporation, and MANI are the major players in this market. A majority of the leading players in this market are based in developed countries across North America and Europe.
In 2016, DENTSPLY SIRONA. held the leading position in the endodontics market. This can be attributed to its highly diversified endodontic portfolio, which includes control products for motors & apex locators, access & treatment prep, cleaning and shaping, irrigation, obturation, retreatment, and endodontic accessories. The company focuses on increasing its presence in this market through continuous R&D to provide technologically advanced products to its customers. The company has a well-established presence in the European market, particularly in Germany, Sweden, France, the UK, Switzerland, and Italy. The company mainly focuses on product development to enhance its presence in the endodontics market. For instance, in May 2017, DENTSPLY SIRONA launched new X-Smart IQ system to support dental professionals through every step of the endodontic process. Moreover, DENTSPLY SIRONA also focuses on partnerships and agreements with other organizations to improve and expand company’s technologies, product offerings, and sales & services infrastructure.
In 2016, Danaher Corporation held the second largest share of the endodontics market. The company offers a wide range of endodontic materials and instruments under its brand name, Kerr Endodontics. The company caters to the large number of end users including general dentists, dental specialists including prosthodontists, implantologists, dental hygienists, dental laboratories, and educational, medical, and governmental entities. The company majorly focused on strategic acquisitions to grow in the endodontics market. Moreover, the company also focuses on developing new products, strengthening its existing product line, and increasing its market share through product launches. For instance, in February 2017, Kerr Endodontics launched OptiDam, a three-dimensional rubber dam, for stress-free positioning and patient comfort.
In the past three years, a majority of the top players adopted product launches, agreements, partnerships, geographic expansions, mergers, and acquisitions as their key growth strategies. Product launches were the most adopted strategy by key players in the endodontics market in the past three years.
Related Reports:
Endodontics Market by Instruments (Scalers, Apex Locator, Motors, Handpiece, Laser), Consumables (Access Cavity Preparation, Endodontic Files, Burs, Drill, Lubricant, Obturation), End User (Clinic, Hospital) - Global Forecast to 2022
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