Global Market Study on Endodontic Reparative Cement: ‘Value over Price’ Preferences Creating Significant Opportunities


Endodontic Reparative Cement  Market
  • Published On : Jun-2019 |
  • Pages : 218 Pages |
  • Format :

Endodontic Reparative Cement – Customer Convenience the Differentiating Factor

The dental care industry is continuously evolving with the advent of novel procedures that revolve around the aspect of convenience, thereby putting end users high on the importance ladder. The development of endodontic reparative cement is one much-needed evolution in the landscape, easily rivaling conventional products that lack predictability and include multiple trips to the dentist.

With 'instant', being the keyword for new innovation, endodontic reparative cement with shorter setting time remains much sought-after. The enormous potential being shown by endodontic reparative cement has urged Persistence Market Research (PMR) to research about this market and its growth path, since it has become crucial to know what’s next on the horizon for the endodontic reparative cement landscape. In its latest study, PMR weighs the impact of significant factors that hold high relevance in determining the growth trajectory of the endodontic reparative cement market in the future.

endodontic reparative cement market

Endodontic Reparative Cement: Convenient, yet Effective

Consumers are found to resonate with convenient, effective procedures in the dental care industry. As they turn more incisive regarding their health, the 'value over price' ideology sets the base for their inclination towards endodontic reparative cement-based procedures. Shifting paradigms from commercial dental insurance plans to public coverage initiatives and out-of-pocket payments are being witnessed in developed countries such as the U.S. This means that, consumers are increasingly opting for endodontic reparative cement treatment, irrespective of the cost factor. With such a favorable growth scenario, the endodontic reparative cement market is projected to grow at a CAGR close to 4.5% during the forecast period of 2019 and 2029.

The adoption of endodontic reparative cement is expected to be high in dental clinics. However, its usage is also expected to be notable in hospitals, while ambulatory surgical centers are projected to emerge as a new end-user channel in this market space. With the sales of endodontic reparative cement forecast to cross the US$ 420 million mark by 2029, it is anticipated that, manufacturers will be looking forward to transforming the arena with a focused eye on product innovation.

Relevance and Impact of Key Market Trends

The endodontic reparative cement market remains poised to witness evolution in the future, as a broad array of product types are being used to enhance the effectiveness of the end product. Product types such as calcium hydroxide-based and bioceramic-based sealers being provided by vendors to enrich their portfolios are changing the face of the endodontic reparative cement landscape, owing to their prowess of facilitating patients in easily getting treated for dental imperfections.

It has been found that, annually, 15.1 Mn root canal procedures are performed in the U.S., and the interesting fact for stakeholders of the endodontic reparative cement market is that, this number is on a perpetual rise. With such an enormous customer base, the root canal obturation segment is projected to remain a significant contributor to the growth of the endodontic reparative cement market. In addition, growing awareness regarding dental restoration surgeries followed by cavity lining is also expected to offer enormous growth opportunities to the endodontic reparative cement market over the course of the forecast period. Financial independence and attractive private insurance plans are expected to allow more patients suffering from oral diseases to go in for endodontic reparative cement treatment.

All-in-all, product innovation coupled with an affordable price tag will infuse traction and set the tone for the high growth rate of the endodontic reparative cement market in the future.

Developing Countries: A Goldmine of Opportunities for Goliaths

Global companies headquartered in developed countries such as the U.S. and European countries are realizing about the market potential prevalent in developing countries, which are regions that still await the penetration of proper dental healthcare facilities.

Currently, dental equipment requisites in countries such as India, Malaysia, and Sri Lanka are met through imports, owing to the low concentration of local manufacturers, as endodontic reparative cement is a material type that is developed by only a handful of companies. This creates a wide scope for global endodontic reparative cement companies to venture into developing economies and leverage the expansion opportunities present there without having to face-off with any significant local player.

Key players in the endodontic reparative cement market have been focusing on optimizing gains through innovations in distribution channels. Endodontic reparative cement developing companies resort to the bundling of products and discounts through sales via e-Commerce to increase their revenues. Tier 2 players are increasingly relying on building direct relationships with end users to leverage sustainable benefits.

Diversification of product is yet another growth strategy being adopted by the players functioning in the endodontic reparative cement market to target the very specific demand ascending from the end users. As endodontic reparative cement treatment still awaits proper exposure, manufacturers can grab the opportunity to educate the populations in developing countries, and, in turn, market their products.

Endodontic Reparative Cement Market – Intensity of Competition

The endodontic reparative cement landscape remains consolidated, with only a few players operating in the market. Key players such as Ivoclar Vivadent, Danaher Corporation, Dentsply Sirona, Septodont Holding, and Ultradent Products Inc. account for approximately 85% of the market share.

Distribution remains at the forefront of the strategy employed by market players, irrespective of their status or share. Distributors functioning in the endodontic reparative cement landscape such as Patterson Companies, Inc. and Henry Schein, Inc. are reigning the supply-side of the endodontic reparative cement market and lending growth and expansion opportunities to tier 1, tier 2, and tier 3 players.

Endodontic reparative cement market leaders have been consolidating their positions by setting up effective distribution networks to create an indirect presence in the regions where they lack direct presence. Additionally, distributors have been playing a pivotal role in influencing tier 2 and tier 3 market players to foray into new markets and reap the benefits of sustainable growth opportunities.

Conservatively, distributors are maintaining their status as third-party vendors; however, in recent times, they have begun manufacturing certain products, which is likely to bump up the intensity level of the competition prevailing in the endodontic reparative cement market.

Analysts’ Take on the Endodontic Reparative Cement Market

The authors maintain an optimistic view on the global endodontic reparative cement market. Innovations in the distribution channel, including both, offline and online, will play their part in driving the sales of endodontic reparative cement in regions with poor healthcare facilities, thereby creating new customer bases. A rise in the number of dental clinics and their enhanced spending capabilities are expected to help them retain their 'key end-user segment' status.

Investments in developing countries will create lucrative growth opportunities for global as well as regional endodontic reparative cement market players. Though the average pricing of endodontic reparative cement has to be relatively less than that in developed regions, the high population density can be a factor targeted in these regions. However, increasing awareness regarding the existence and benefits of endodontic reparative cement becomes crucial, as even today, consumers remain uninformed about various dental procedures.

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 Developing Countries Expected to Provide Lucrative Growth Opportunities for Companies in the Endodontic Reparative Cement Market

A large number of dental companies originate from the U.S. as well as European countries. The present scenario indicates a clear image of the dental care industry, with a few global players holding more than half of the market share in terms of value. The same scenario exists in the endodontic reparative cement market, where leading companies hold a significant share of the market. Smaller companies that are interested in expanding their network and establishing a direct presence should invest in developing countries for greater incremental opportunity.

Countries such as India, Sri Lanka, and Malaysia are substantially dependent upon the imports of dental supplies such as endodontic reparative cement. The scenario for India is such that, more than 80% of the annual requirement of dental equipment, instruments, and materials is met mainly through imports due to the lack of local manufacturers in the country. Therefore, investing in developing countries is a better strategic move for companies in the endodontic reparative cement market.

Growing Number of Dental Procedures and Awareness Among the General Public

According to our research, there has been a significant increase in the number of dental procedures across the world. Some of the factors responsible for the growth of these procedures are the consumption pattern of junk food, tobacco consumption, trauma cases, the prevalence of diseases such as cancer, and others. Growing awareness, coupled with the growth of dentistry as a profession, is also among the factors driving the endodontic reparative cement market. It indirectly opens the void space for the rural and underprivileged target population, thus creating opportunities for endodontic reparative cement manufacturers for considerable revenue growth.

Moreover, the growing awareness among dentists about the advantages of using endodontic reparative cement over most other alternatives is another factor driving the market. According to American Association of Endodontists, around 15.1 million root canal procedures are performed annually in the U.S. This number is likely to increase if proper awareness is present.

Health Insurance Coverage Influences the Adoption of Endodontic Reparative Cement

Growth in the number of insurance claims is another economic driver of the endodontic reparative cement market. Nearly 63% of Americans have dental insurance. Statistics of the Centers for Disease Control and Prevention (CDC) on the high prevalence of dental caries among U.S. adults suggest that, around 91% percent of Americans over the age of 20 years have had cavities at some point of time in their lives. CDC also states that, in 2015, 84.7% children aged 2 to 17 years and 62.7% of adults aged 65 years and above have visited a dentist.

The number of people seeking dental care is on the rise, owing to the availability of reimbursements for a wide range of dental procedures and products. A healthy reimbursement scenario presents an attractive opportunity for the endodontic reparative cement market to attract potential consumers. Insurance agencies maintain regular contact with the providers of endodontic reparative cement to know the details of the products offered by them, to be able to introduce strategically-planned reimbursement benefits for consumers while maintaining their profit margins.

Leading Players Have a Significant Share in the Endodontic Reparative Cement Market

The endodontic reparative cement market comprises companies with different backgrounds in the industry. Tier 1 companies contribute approximately 70% of the market value, as they offer endodontic reparative cement of various types, and have a significant geographical presence. Small-scale manufacturers are dependent upon various third-party distributors. Overall, companies in the endodontic reparative cement market have a limited direct presence.

For more information, get in touch with our expert analysts.

 Endodontic Reparative Cement Market: Companies Profiled in the Report

The competition section of the report features the profiles of some of the key manufacturers in the endodontic reparative cement market, based on their product offerings, market shares, marketing approach, different strategies, and a precise analyst comment for each. The key players profiled in this report include Angelus Dental Products Industry S/A, Ultradent Products Inc., Pulpdent Corporation, Coltène Group, Ivoclar Vivadent, Innovative BioCeramix, Inc., Peter Brasseler Holdings, LLC, Septodont Holding, B.J.M. Laboratories Ltd., Dentsply Sirona, Parkell, Inc., FKG Dentaire SA, Essential Dental Systems, Inc., and Danaher Corporation.

Endodontic Reparative Cement Market: Definition

Endodontic reparative cement is a class of cement that is used for endodontic procedures. It is available in different materials and compositions. It is used as a consistent and homogeneous product for every endodontic procedure. The definitions for each product type are available in the report, with clear inclusions and exclusions.

About the Report

PMR has conducted a research study on the endodontic reparative cement market for the forecast period of 2019 to 2029. The report offers a comprehensive evaluation of the business opportunities prevailing in the endodontic reparative cement market, along with insights on key regulations, strategies, and pricing. The report also elaborates on the macro-economic factors influencing the dynamics of the endodontic reparative cement market.

Endodontic Reparative Cement Market: Segmentation

The report offers a comprehensive taxonomy of the endodontic reparative cement market based on product type, indication, end user, and region. By product type, the endodontic reparative cement market is segmented as bioceramic-based sealers (mineral trioxide aggregate (MTA)-based sealers, calcium silicate-based sealers, and calcium phosphate-based sealers), zinc oxide eugenol-based sealers, epoxy resin-based sealers, silicone-based sealers, calcium hydroxide-based sealers, glass ionomer-based sealers, and methacrylate resin-based sealers. Based on indication, the endodontic reparative cement market is segmented as root canal obturation, dental restoration, and cavity lining. On the basis of end user, the endodontic reparative cement market is segmented as hospitals, ASCs, and dental clinics. Based on region, the endodontic reparative cement market is segmented into Europe, East Asia, South Asia, North America, Latin America, Oceania, and the Middle East & Africa.

Endodontic Reparative Cement Market: Introduction

Persistence Market Research (PMR) recently published a report that analyzes the growth potential of the endodontic reparative cement market. The report provides detailed information on the growth prospects of the endodontic reparative cement market during the forecast period 2019-2029. The research report offers credible information regarding the endodontic reparative cement market to the readers so as to assist them in making well-informed decisions.

The study assesses the key trends, reimbursement scenario, innovations, and strategies adopted by players operating in the endodontic reparative cement market over the course of the forecast period. Data and statistics estimated in this report on the endodontic reparative cement market are based on value (US$ Mn). The report encompasses the supply-side and demand-side trends to equip the readers with crucial insights into the growth strategy adopted by key players in the endodontic reparative cement market. An in-depth outlook of the competition prevailing in the endodontic reparative cement market is assessed and included in the report, which offers insights into the key development and strategies of the players operating in various tiers.

Key Segments of the Endodontic Reparative Cement Market

The report on the endodontic reparative cement market published by PMR bifurcates the industry into four categories, based on product type, indicator, end user, and region. Comprehensive information on the performance of each segment, in addition to their contribution, has been included in the endodontic reparative cement market report.

Product Type

End User

Indicator

Region

Bioceramic-Based Sealers

Hospitals

Root Canal Obturation

North America

Zinc Oxide Eugenol-Based Sealers

ASCs

Dental Restoration

Latin America

Epoxy Resin-Based Sealers

Dental Clinics

Cavity Lining

Europe

Silicone-Based Sealers

South Asia

Calcium Hydroxide-Based Sealers

East Asia

Glass Ionomer-Based Sealers

Oceania

Methacrylate Resin-Based Sealers

Middle East & Africa

PMR’s report provides in-depth information regarding the segment-wise performance of the endodontic reparative cement market. The information presented in the report comprises the Y-o-Y growth assessment, supply chain management, value chain analysis, and pricing analysis of each segment of the endodontic reparative cement market.

Key Questions Answered in the Endodontic Reparative Cement Market Report

The study provides key information on various macroeconomic as well as microeconomic factors that influence the growth of the endodontic reparative cement market. The data, statistics, and information presented in the report will answer crucial questions, and help the readers in developing robust strategies to sustain their position in the endodontic reparative cement market. Some of the frequently asked questions include:

  • What are the regulations and reimbursement scenario for dental care in the North American region?
  • To what extent can the demand for endodontic reparative cement grow in terms of value by the end of 2029?
  • Which microeconomic factor plays a crucial role in determining the growth of the endodontic reparative cement market?
  • What will be the impact of the novel trends on the growth of the endodontic reparative cement market?
  • Which segment will hold a leading share of the endodontic reparative cement market in terms of end user segment?
  • Are there any significant growth opportunities for the endodontic reparative cement market in emerging countries?
  • What is the structure of the endodontic reparative cement market as formed by the players?

Research Methodology

The endodontic reparative cement market has been analyzed on the basis of extensive primary as well as secondary research to estimate near-close values. In order to extract reliable information on the performance of the endodontic reparative market, interviews with industry leaders, end users, and key stakeholders operating in the endodontic reparative cement market were conducted. This helps our analysts in gauging the various opportunities, challenges, and restraints present in the endodontic reparative cement market. Data and information obtained through primary research help in validating the insights extracted through secondary research.

For conducting secondary research of the endodontic reparative cement market, information from numerous online sources, including press releases of companies, government websites, magazines, and journals have been leveraged.

Company Profile

  • Angelus Dental Products Industry S / A
  • Ultradent Products Inc.
  • Pulpdent Corporation
  • Coltène Group
  • Ivoclar Vivadent
  • Innovative BioCeramix, Inc.
  • Septodont USA
  • Brasseler USA
  • B.J.M. Laboratories Ltd. 
  • Dentsply Maillefer
  • Parkell, Inc.
  • FKG Dentaire SA
  • Essential Dental Systems, Inc.  
  • Insight Endo
  • Kerr Corporation

 

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