Dental Forceps Market is Increasing at an Absolute CAGR of 5.2% During Forecast to 2024

 

Market Highlights:

The global Dental Forceps Market is anticipated to register a CAGR of 5.2 % during the forecast period of 2019 to 2024, with an estimated market value of USD 451.58 million in 2018.

However, the availability of advanced dental equipment and limited reimbursement for dental surgeries are some factors that may hinder the market growth during the assessment period.

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Numerous factors, such as the growing demand for dental forceps for performing several types of dental surgical procedures and the increasing number of dental practitioners and dental clinics, are anticipated to propel the growth of the market. Additionally, the growing incidence of dental diseases and the growing demand for cosmetic dentistry is likely to boost the growth of the market during the forecast period. According to the data published by the National Health Services (NHS), about 22.1 million adults were seen by an NHS dentist in the period, July 2016-July 2018.

Key Players:

Some of the key players in the global dental forceps market are J&J Instruments, Karl Schumacher, iM3, Erbrich Instrumente, Hu-Friedy, Kruuse, Carl Martin GmbH, Helmut Zepf Medizintechnik GmbH, ASA DENTAL S.p.A., and Otto Leibinger GmbH.

Segmentation:

·         The global dental forceps market trends  has been segmented into product type and end user.

·         The market, based on product type, has been segmented into Maxillary forceps, Mandibular forceps, Pediatric forceps, Adult forceps, Anterior forceps, and others. The adult segment is anticipated to hold the largest market share owing to the growing prevalence of dental problems in adults. The pediatric segment is expected to be the fastest-growing due to the increased cases of dental caries among the children.

·         The market, by end user, has been segmented into dental hospitals, dental clinics, and others. Dental clinics segment is expected to hold the major share as a majority of people visit dental clinics for treatment.

·         The market, by region, has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The dental forceps market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada. The European dental forceps market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, UK, Italy, Spain, and the rest of Western Europe. The dental forceps market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The dental forceps market in the Middle East & Africa has been segmented into the Middle East and Africa.

Regional Analysis:

Geographically, Americas is anticipated to hold major market position owing to various factors such as the rise in geriatric population, increasing government expenditure on oral healthcare across, and rising adoption of dental cosmetic treatments in the region. According to the data published by the American Dental Association (ADA), the national dental care expenditures were about USD 117.5 billion in 2015.

Europe is anticipated to show a significant amount of growth in the global dental forceps market. The increasing number for dental procedures, rising prevalence of dental disorders, growing disposable income, and rise in dental tourism are some factors that are anticipated to support the market growth in the region. According to the data published by the Public Health England, in 2015-16, about Euro 50.5 million were spent on tooth extractions in the population under the age of 19 years.

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The Asia-Pacific region is expected to be the fastest growing market for dental forceps. The market growth is attributed to the rising prevalence of dental problems, growing disposable income, and an increasing number of dental surgeries in the region.

The dental forceps market in the Middle East & Africa is expected to account for the lowest share of the global market due to low disposable incomes and limited awareness about oral health, especially in the African region.