By 2025, the demand for dental forceps is projected to expand at an annual rate of about 5%.
The dental forceps industry is fiercely competitive, flooded with massive numbers of players. 3M, Dentsply Sirona, Henry Schein, Kerr, Patterson Companies and Straumann are notable contenders in the market and it is estimated that the sector will grow increasingly condensed as newer participants join the fray.
Fueling the development of the dental market is a growing number of dental procedures, an upsurge in demand for cosmetic dentistry, and an aging populace. Heightened recognition of oral hygiene with access to dentistry insurance has been a further driving force.
Unfortunately, people are faced with numerous barriers preventing access to adequate dental care. To begin with, costly treatments and the unavailability of insurance coverage in a number of countries dramatically hinder access to essential dental care. Not to mention, involved governmental regulations and meager reimbursement levels for related procedures add to these problems.
The dental forceps industry is delineated by type, application, and regional presence.
The core variety of surgical forceps can be broken down into straight, angled, and miscellaneous varieties.
Through its multiple applications, the market can be broadly categorized into extractions, dental implants, and miscellaneous other components.
Broken down geographically, the area of market activity can be divided into five regions – North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
It appears that North America is set to experience the greatest surge in demand for dental forceps, as a growing number of dental procedures, higher interest in cosmetic dentistry, and abundance in dental care facilities elevate the popularity.
The European market is estimated to surge to a high second place, due to the undeniable demand for dental services, the availability of dental coverage, and the abundance of facilities providing oral treatments.
The Asia-Pacific region is projected to experience a rapid spike in growth, driven by an augmented need for dental procedures, an ever-increasing amount of dental care establishments, and an array of dental insurance plans.
The Latin American market for dental care is anticipated to increase steadily, honored by a strong requirement for dental procedures and an abundance of available dental care establishments.
With surging demand for dental procedures, along with a plentiful supply of dental care facilities, the Middle East & Africa market is on track to enjoy a steady rate of growth as measured by CAGR.
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Post time: 2023-06-27