(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Dental Forceps Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Dental Forceps Market products.
The Global Dental Forceps Market is expected to grow significantly over the forecast period. The global dental forceps market is projected to grow a CAGR of 5.2% during the forecast period of 2019 to 2024 with a market value of USD 451.58 million in 2018.
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The global dental forceps market is driven by factors such as the growing demand for dental forceps and elevators for performing various types of dental surgical procedures and an increasing number of dental practitioners & dental clinics. According to the American Dental Association (ADA), 199,486 dentists were working in dentistry in the US in 2018. Additionally, the growing incidence of dental diseases and the growing demand for cosmetic dentistry is expected to support the growth of the market during the forecast period. According to the Centers for Disease Control and Prevention (CDC), in 2016, about 64.4% of adults visited the dentist in the US.
Despite the drivers, 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.Currently, the global dental forceps market is dominated by many players. Strategic collaborations, mergers, and product launches are some of the strategies undertaken by key players in the market. For instance, in 2015, Hu-Friedy launched the line of Atraumair Forceps, designed for optimal access and enhanced crown and root engagement.
Segmentation
The global dental forceps market 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.
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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.
Key Players
Karl Schumacher
iM3
Erbrich Instrumente
Hu-Friedy
Kruuse
Otto Leibinger GmbH
Carl Martin GmbH
Helmut Zepf Medizintechnik GmbH
ASA DENTAL S.p.A.
J & J Instruments Procter and Gamble
Regional Market Summary
Source: World Health Organization (WHO), Canadian Dental Association (CDA), Association of Oral and Maxillofacial Surgeons of India (AOMSI)
The Americas is anticipated to hold major market position owing to various factors such as the increase in the aging population, increasing government expenditure on oral healthcare across, and rising adoption of dental cosmetic treatments in the region. As per the data published by the American Dental Association, the national dental care expenditures were about USD 117.5 billion in 2015.
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Europe is expected to show a considerable amount of growth in the global dental forceps market. The market growth in the region is due to factors such as the growing number for dental procedures, increasing prevalence of dental disorders, rising disposable income, and growth in medical tourism activities pertaining to these procedures. According to the data published by the Public Health England, in 2015-16, about Euro 50.5 million were spent on tooth extractions among those under the age of 19 years.
The Asia-Pacific region is anticipated to be the fastest growing market for dental forceps. The market growth is attributed to the increasing prevalence of dental problems, growing disposable income, and an increasing number of dental surgeries in the region.
The market in the Middle East & Africa is expected to account for the least share of the global market due to low disposable incomes and limited awareness about oral health in the region.
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Global Dental Forceps Market, by Product Type
Maxillary Forceps
Mandibular Forceps
Pediatric Forceps
Adult Forceps
Anterior Forceps
Others
Global Dental Forceps Market, by End User
Dental Hospitals
Dental Clinics
Others
Global Dental Forceps Market, by Region
Americas
North America
US
Canada
Latin America
Europe
Western Europe
Germany
France
Italy
Spain
UK
Rest of Western Europe
Eastern Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Middle East
Africa
Intended Audience
Medical Instruments Manufacturers and Suppliers
Government Research Institutes
Academic Institutes and Universities
Venture Capitalists
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
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Darlene Dooley
Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
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