The global dental anesthetics market to record healthy expansion at 5.3% over the forecast period (2019 – 2029).
[EUPRwire, Wed Sep 25 2019] The report studies the dental anesthetics market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report on global dental anesthetics market insights to its wide online database including upcoming trends and market growth factors through 2029. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.
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Dental Anesthetics Market in Numbers
Dental Anesthetics Market: Competition Landscape Analysis
- The global market value for dental anesthetics was US$ 818 Mn in 2018.
- A recent Fact.MR study forecasts the global dental anesthetics market to record healthy expansion at 5.3% over the forecast period (2019 – 2029).
- Injectables currently account for ~88% of overall sales of dental anesthetics.
- With over a fourth of the global market revenues, North America continues to reign supreme in the dental anesthetics landscape.
- Europe and Asia Pacific are likely to be the next key markets for investors in the dental anesthetics industry.
- Although not a restraining factor, stringent regulatory framework for anesthetic drug approvals and monitoring of their distribution and use, will continue to restrict the growth of dental anesthetics market to a certain extent.
The global market for dental anesthetics represents a fairly fragmented competition landscape, wherein the top five players account for 30-35%
revenue shares. Leading companies operating in the dental anesthetics marketplace are directing their strategic efforts to firm up global presence through production capacity expansion and collaborations with the widespread end users. They are also prioritizing R&D, in addition to strategic mergers & acquisitions, involving regional leaders. On the other hand, a large number of smaller companies that represent a larger portion of the global market revenues, continue to focus on regional expansion, new launches, and product commercialization.
A combination of various factors and opportunities exist across the dental supply chain, i.e. from the point of manufacturers to the point of sale. Manufacturers of dental anesthetics are increasingly focusing on the protection of supply chain integrity and brand reputation. Various manufacturers are focusing on tie-ups with authorized distributors to meet their requirements for managing products to help ensure dentists receive authentic and compliant dental products that work as advertised. Increasing access to healthcare, especially in developing countries, combined with the demand for personalized treatment is influencing manufacturers to focus on accelerating their production while ensuring cost-efficiency.
Rise in Demand for Painless Surgeries
Dental anesthetics continue to witness lucrative opportunities across the countries on the backdrop of increasing number of dental clinics and surgery centers worldwide. Moreover, the growth in the healthcare industry is likely to squarely influence the dental anesthetics market. Dental anesthetics are being adopted widely owing to the increasing demand for painless surgeries and operations. The trending convergence of a new alternative to non-injectable dental anesthetics is likely to create remunerative growth opportunities for dental anesthetics market.
Increasing Rate of Surgeries to Treat Increasing Number of Dental Root Canal and Tooth Restoration Cases
The dramatic rise in tooth restoration is attributed to increasing tooth infection and disorders. The health care systems for the geriatric population is considered to be a major concern within health care sector. However, provision of medical facilities for dental-related injuries for this demographic is likely to be profitable for hospitals and dental clinics.
In addition to this, increasing rate of dental implants, especially in developed countries like the United States, the United Kingdom, France, etc. are likely to upsurge the demand for dental surgeries. Root canal procedures are chiefly used to establish stable lesion by removing infected tissue. Thus, dental anesthesia performed during root canal procedures are likely to gain popularity on account of advances in this sector along with the rise in patients with dental implants.
Wide Applications in Oral Care and Dentistry
Development of oral care and dentistry offers a potential boost to dental anesthetics due to the demand from the patients for painless operations. Dental anesthetics has steadily gained widespread acceptance as a safe and effective minimally invasive procedure. Healthcare providers around the globe opt for dental anesthetics as a preferred option while treating a wide range of injuries and disorders.
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With the increasing demand for nonsurgical periodontal therapy (NSPT) procedures around the world are taking steps to improve the treatment and operating procedures escalating the demand for dental anesthetics. Lidocaine is the most commonly used dental anesthetics in dental surgeries and procedures. Leading market players are developing cost-effective and painless administration of anesthetics, which boosts the dental anesthetics market. The global dental anesthetics market is expected to witness an introduction to high quality and efficient products in the upcoming years.
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