Global Endodontic Electric Motor Market was valued at USD 602 million in 2019 and is projected to grow with a CAGR of 3.66% during the forecast period of 2021-2029.
Endodontic electric motors assist in performing root canals. They have a range of rotatory and reciprocating systems that employ nickel-titanium (NiTi) for its cutting efficiency and flexibility. NiTi improves the quality of tooth shaping and reduces instrument fracture. These machines offer functions such as programmable settings, integrated apex locators, and automatic reverse functions configured to reduce file breakage. The endodontic electric motor market is expected to grow with a CAGR of 4.1% during the forecast period.
|Market Size||USD 602 million in 2019|
|Fastest Growing Market||Asia Pacific|
|Largest Market||North America|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
Oral diseases are prevalent in all age groups. As per the World Dental Federation, oral diseases affect about 3.9 billion people yearly. The same source also reveals that about 60–90% of children and 100% of adults have tooth carries globally. The increasing consumption of sugar, tobacco, and alcohol and poor oral hygiene lead to oral diseases.
Endodontic electric motors offer faster treatment with better patient comfort and reliability. As per the American Association of Endodontics, over 15 million root canal treatments are performed every year, with about 41,000 being performed daily.
Endodontic electric motors are expensive, depending on the type. For instance, the price of a cordless endodontic motor is higher than the endodontic motor with a cord. The rising cost of dental treatments is reducing hospital visits in terms of oral health check-up. As per the report ‘Global Multidimensional Poverty Index, (2019) – Illuminating Inequalities,’ published by the United Nations Development Programme and Oxford Poverty and Human Development Initiative, globally, about 1.3 billion people (23.1%) are poverty-stricken. The high cost of dental procedures bars those from lower-income groups from availing treatment.
North America leads the global endodontic electric motor market, backed by the presence of leading players such as Dentsply Sirona, Danaher, KaVo Kerr, A-Dec Inc., Ultradent Products, and Aseptico, Inc. As per the American Health Rankings, over 0.061% of the U.S. population works in dentistry accounting to 1 dentist per 1632 people. The below graph depict the total number of dentists in the U.S. from 2014–2019. The American Associations of Endodontics states that about 93% of dental educators believe that endodontists are an essential part of the dental healthcare team.
Asia-Pacific is the fastest-growing region in the endodontic electric motor market. The region’s 4.3 billion-strong population and increasing geriatric population create a large patient pool for dental treatments. As per the report ‘Health at a glance – Asia Pacific 2018,’ by the Organisation for Economic Co-operation and Development (OECD) and World Health Organisation (WHO), the population aged 65 and above is projected to double during the forecast period. As per Statista, the total revenue of Asia’s oral care market increased by USD 1.2 billion from 2017 to 2019 on account of the rising awareness regarding oral health and related products.
By product type, the endodontic electric motor market is segmented into cord and cordless motors. The performance of each motor depends on the weight, battery, torque, and storage space. The cord motor segment holds the largest market share as it is lighter in weight and has better torque. In contrast, the cordless motor is heavier and interferes with smooth handling. Technological advancements also drive the cord motor segment’s growth. For instance, Denstply X Smart IQ uses Bluetooth and can be handled from an iPad.
By application, the market is segmented into dental hospital and clinics, and dental academics and research institutes. The dental hospitals and clinics segment holds a larger market share owing to the increasing number of the professional dentists. On the other hand, the dental academics and research institutes segment is witnessing slow growth as they mainly focus on teaching and training the students. The cord type endodontic electric motor is extensively used in dental academics and research institutes due to its affordability, whereas dental hospitals and clinics employ both cord and cordless endodontic electric motors.
The recent COVID-19 outbreak has disturbed the endodontic electric market. The global lockdown has severely impacted the dental sector, which has further reduced the overall production of dental equipment around the globe. The U.S., China, and Europe are the key market contributors with the maximum market players. However, the reducing impact of the virus in China is stabilizing the current market situation. On the other hand, the healthcare sector remains unscathed due to the rising demand for medicines and healthcare instruments around the globe.