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Periodontal Therapeutics Market Set to Witness an Uptick during 2016 - 2024
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In terms of geography, North America dominated the global periodontal therapeutics market, with a market share of over 40.0% in 2015. The high market share of North America in the global periodontal therapeutics market is attributed to factors such as the growing prevalence of periodontal diseases, new product innovation, favorable reimbursement scenario, and the rapidly rising geriatric population. According to Center for disease control and prevention, 47.2% of adults aged 30 years and older have some form of periodontal disease. This, coupled with the high awareness among the population will present vast growth opportunities for the periodontal disease therapeutics market in North America over the forecast period.
The Asia Pacific market is expected to dominate in terms of growth rate over the report’s forecast period. Factors contributing to the growth of the market include the rapid population growth, increasing diabetes patient pool, favorable healthcare insurance policies, and growing awareness among people. Surging medical expenditures in emerging economies such as India and China , growing government initiatives, rapidly rising healthcare R&D investment, and the presence of vast unmet medical needs will also drive the APAC periodontal therapeutics market over the forecast period. According to the National Commission on Macroeconomics and Health (NCMH), the prevalence of periodontal diseases in India was over 300 million in 2015. The prevalence is expected to rise in near future.
The global periodontal therapeutics market is highly consolidated in nature on account of a few players holding most of the share in the market. Some of the key players in the market are Den-Mat Holdings, Valeant Pharmaceuticals international, Inc., 3M, Galderma S.A., and LLC Dexcel Pharma. In 2015, 3M, Valeant Pharmaceuticals Int. Inc., and Den-Mat Holdings emerged as the top three players in the market and together they accounted for a mammoth share of 77.7%.
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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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