Dental Needle Market to Expand with Significant CAGR During 2027
A dental needle has four components, namely, the bevel, shank, hub, syringe adapter, and the cartridge penetration end. With increasing demands for dentistry, the global Dental Needle Market is expected to showcase accelerated growth over the forecast period, as per the latest report launched by Market Research Future (MRFR). The global dental needle market is assessed to register a CAGR of 5.4% over the forecast period.
The global dental needle market is driven by various factors, apart from the growing demand for dentistry. Increasing prevalence of dental conditions such as caries, periodontal diseases, and a rising dental-healthcare expenditure is expected to promote sizeable growth in the global dental needle market. As per the American Dental Association, the US national dental expenditures went from USD 114 billion to USD 117.5 billion in 2015.
Further, mounting geriatric population is another factor fueling growth in the global dental needle market. WHO published a study that suggested the rise of the geriatric population to reach approximately 2.1 billion by the end of 2050. However, the global dental needle market is likely to face some hindrance in growth due to the introduction of needleless delivery systems and a high risk of infection from the use of dental needles.
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The global dental needle market is analyzed for various segments based on type, length, gauge, and end-user. Based on type, the global dental needle market is segmented into dental anesthetic needle, plastic hub dental needle, and by bevel design. The segment of bevel design is further sub-segmented into triple bevel needle, regular bevel needle, and scalpel-designed bevel needle.
Based on gauge, the global dental needle market is segmented into 25G, 27G, and 30G needle. Based on length, the global dental needle market is segmented into 8mm, 16mm, and 22mm needle. Based on end-users, the global dental needle market is segmented into academic institutes, clinics, and hospitals.
Detailed Regional Analysis
The global dental needle market is segmented by region into the Americas, Europe, Asia Pacific, and the Middle East & Africa. The dental needle market in the Americas is expected to spearhead the global dental needle market over the forecast period. This can be attributed to a well-established dental-healthcare sector in the region. Further, a high per-capita healthcare expenditure noted in the region is boosting market growth for dental needles.
Europe is estimated to garner the second-largest share in the global dental needles market. Various factors are contributing to such fast-paced ascension of the dental needles market in the region. Higher investments for research, well-developed healthcare infrastructure, and a huge patient populace present in the region are accelerating the growth trajectory taken by the dental needle market in the region. Further, rising healthcare expenditure and growing government support for the research and development of the dentistry is expected to drive the regional dental needle market over the forecast period.
Asia Pacific is anticipated to register the fastest ascension in the global dental needle market. This can be owed to the existence of various emerging economies such as India and China in the region, which are witnessing higher healthcare expenditure in the coming years. Further, favorable government policies and an ascension noted in the geriatric population is expected to boost the market growth for dental needles owing to the magnanimous potential for expansion in the region. As per the Economic and Social Commission for Asia and the Pacific, around 12.4% of the population in the region was more than 60 years old, in 2016. This population is anticipated to touch 1.3 billion by the end of 2050.
The Middle East & Africa is projected to fetch the smallest share of the global dental needle market during the conjecture period. This can be causative of the presence of underdeveloped countries, especially within Africa.
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The global dental needle market has a boastful presence of many market giants, including Septodont (Europe), Shinhung Co., Ltd (Asia Pacific), Dentsply Sirona. (U.S.), NIPRO Medical Corporation (U.S.), MEDTRONIC (U.S.), TERUMO CORPORATION (Asia Pacific), J. MORITA CORP. (Asia Pacific), TSK Laboratory Europe B.V. (Asia Pacific), and EXELINT International, Co. (U.S.).
Jan 2019: Terumo announced major expansion in the Canadian market. Terumo Medical opened its 58,000 square foot office, distribution, and warehouse facility. It started serving customers across Canada since January 1st, 2019.