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Global Periodontal Market Growth Company Share, Industry Size, Strategies and Forecast to 2030
According to Inkwood Research, the Global Periodontal Market is estimated to project a CAGR of 8.78% in terms of revenue during the forecasting years of 2019-2028."Browse 75 Market Data Tables and 53 Figures spread over 225 Pages, along with an in-depth TOC on the Global Periodontal Market Forecast 2019-2028."
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Periodontal disease is among the predominant oral health problems, worldwide. Its incidence depends on geography, and affects almost 90% of adults. Besides, nearly 10-15% of the affected population suffers from the most severe form of periodontal disease.
Increasing Geriatric Population Augments Market Growth
Periodontal diseases are widespread in developed and emerging countries, and may affect up to 50% of the global population. The growing prevalence and seriousness of the oral condition are associated with aging, and the majority of the adult population over the age of 50 is vulnerable to it. Thus, there has been an increase in oral surgeries and dental implants due to the rising geriatric populace, particularly across the developed market.
The surge is further supplemented by a subsequent increase in periodontal diseases, thereby contributing to the global market. Numerous other risk factors like poor oral hygiene, smoking, medication, hereditary conditions, and diabetes, are also associated with an increase in periodontal disease, across the world.
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Hospitals are the Leading End-User
Dental procedures are mainly performed in both public and private sector hospitals. Periodontal treatments in hospitals are increasing, owing to the availability and affordability of periodontal care. Likewise, rapid urbanization in regions such as the Asia Pacific, and the Middle East & Africa, has resulted in the establishment of numerous Tier 1 and Tier 2 private, as well as, public hospitals.
The rising need for dental services in such hospitals is accredited to the growing awareness among the masses. For instance, awareness regarding the availability of high-quality and advanced scanners has fueled patient visits to dental clinics. Moreover, improved facilities, advanced post-operative care, and experienced dental professionals' attendance have further increased the popularity of hospitals for availing dental services and assistance.
North America to Emerge as the Dominating Region by 2028
High disposable incomes, increasing patient consciousness, and the rising demand for cosmetic dental care across the region, primarily contribute towards the North America periodontal market growth. The infrastructural improvements, rising number of dental care facilities, lifestyle changes, and favorable insurance policies and regulations are projected to augment the region's market growth, as well.
The global periodontal market's key players employ powerful competitive strategies, resulting in high industrial competition. Additionally, the increased levels of advertising expenditure, in addition to a high firm concentration ratio with moderate transparency, also influence the market's overall competition. Major enterprises operating in the market include, Biolase, Medtronic PLC, Bausch Health Companies Inc, Dentsply Sirona, 3M Company, etc.
Related Reports:
GLOBAL DENTAL CONSUMABLES MARKET
GLOBAL DENTAL IMAGING MARKET
GLOBAL DENTAL IMPLANT AND PROSTHETIC MARKET
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