PUBLISHER: Allied Market Research | PRODUCT CODE: 1140368
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140368
The global gutta percha market was valued at $196.2 million in 2021, and is projected to reach $385.8 million by 2031, registering a CAGR of 7.1% from 2022 to 2031. Gutta percha, is defined as a durable plastic material containing high amount of resin. It is used mostly as insulation and as a permanent filling in root canals procedure. It is made from the latex of sapodilla trees in Malaysia, namely Palaquium gutta. It is a polymer, which is available in two distinct crystal forms such as alpha and beta form. It is widely used in conjunction with sealer, in order to produce a fluid tight seal, in the root canal filling.
The gutta percha market is driven by surge in prevalence of dental disorders and rise in number of root canal procedure. According to American Association of Endodontics, in 2021, it was reported that around 25 million root canal procedure are conducted every year. In addition, rise in geriatric population is one of the important factors that boost growth of the gutta percha market. The geriatric population is more susceptible to dental diseases as several changes occur in the dentition with age such as enamel wearing, enamel chipping, appearance of fracture lines, staining of the chipped areas & fracture lines, and exposure of the dentin. Furthermore, advancements in technology in dentistry foster the growth of the global gutta percha market. In addition, increase in dental tourism in emerging countries creates an opportunity for manufacturers to tap and capitalize on the market. For instance, according to the World Health Organization (WHO), in 2020, approximately 2.3 billion people were diagnosed with caries of permanent teeth across the globe. Moreover, inadequate fluoride is the main risk factor for dental caries, and other risk factors include the lifestyle changes behavioral traits, dietary habits, social standing, and socio-demographic characteristics. Thus, changing lifestyle causes rise in the prevalence of dental caries, which fuels the demand for gutta percha in dental treatment. Therefore, this factor is anticipated to fuel the growth of market.
In addition, governments globally have increased the expenditure on the healthcare sector. For instance, according to the Centers for Medicare & Medicaid Services, the U.S. health care spending grew by 9.7% from 2019 to 2020 reaching $4.1 trillion ($12,530 per person). Similarly, as per the Office for National Statistics, total healthcare expenditure in the UK accounted for 12.8% of the gross domestic product (GDP) in 2020, compared to 10.2% in 2019. Furthermore, it has been estimated that approximately 30% of the healthcare expenditure is used in upgrading the healthcare infrastructure, especially medical equipment and material used at public health centers, such as hospitals. Hence, rise in healthcare expenditure across the globe is expected to fuel the demand for gutta percha application in dental treatment, thereby boosting the market growth. In addition, improved techniques for canal obturation operations and increased public awareness of dental hygiene are predicted to promote market expansion. Moreover, rise in number of dental check-up camps and initiative taken by governments to develop healthcare infrastructure are anticipated to boost the market growth. On the other hand, limited reimbursements for dental procedures and high cost of root canal treatment are some factors that are anticipated to restrain the growth of the gutta percha market.
The gutta percha market is segmented on the basis of type, form, distribution channel, end user, and region. On the basis of type, the market is segmented into surface modified gutta-percha, medicated gutta-percha, and nanoparticles enriched gutta-percha. The surface modified gutta-percha segment is further sub-categorized into resin coated gutta percha, glass ionomer coated gutta percha, and bioceramic coated gutta percha. On the basis of form, the market is bifurcated into beta and alpha. On the basis of distribution channel, the market is classified into retail pharmacy and online pharmacy. On the basis of end user, the market is divided into hospitals, dental clinics, and dental academic & research institutes. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global gutta percha market include BRASSELER USA, Coltene Whaledent GmbH, Davis Schottlander & Davis, Dentsply Sirona, DiaDent Group International, EDGE ENDO, Essential Dental Systems, FKG Dentaire, Henry Schein, Inc., IVOCLAR VIVADENT AG, Kerr Endodontics, Meta Biomed, Orikam Healthcare, Premier Dental Co., Prime Dental Products PVT. LTD., Produits Dentaires SA, and Rogindental. .
Key Benefits For Stakeholders
Key Market Segments
By Form
By Distribution Channel
By End User
By Type
By Region