Dental Broaches Market Research Report by Regional Analysis - North America, Europe, Asia Pacific, Latin America, Middle East & Africa : forecast 2023 Date: 03-06-2017 09:13 PM CET Category: Health & Medicine Press release from: Transparency Market Research - Medical Devices
The dental broaches market is projected to grow substantially due to increase in number of cases for orthodontic treatment and advancements in treatment technologies. Moreover, rising awareness about the role of dentistry in esthetics is encouraging growth of the market. The dental broaches market accounts for substantial share of the dental medical device industry. Currently, the dental broaches market is experiencing significant research and development with large number of new product introduction. This encourages manufactures to cater to the increasing customer demands. The dental broaches market is consolidated, with top industry players accounting for significant market share. The wide use of dental broaches has potentiated its market in dental medical device industry with its significant market attractiveness. According to the World Health Organization, the prevalence of dental caries is high in North America with a DMFT (decayed, missing, filled teeth) count of 2.35 among population aged 12 years in 2011. DMFT is a measure to record and benchmark the prevalence of dental disease. It is an indicator of an average number of disease-affected teeth in a mouth of the population under consideration. This explains the need of dental treatment in the region and hence the equipment required to treat them. This acts as a major driver of the dental broaches market in the region. Rising demand for advanced dental treatment, intra-industry competition, and increasing new entrants in the market are the major factors boosting the dental broaches market. The dental broaches market is consolidated, with major companies accounting for majority share. This is due to increase in inorganic growth activities such as mergers and acquisitions. However, declining prices due to increasing competition have impacted vendors’ margins. Hence, most of the players have adopted the strategy to increase research activities to develop novel products in the dental broaches market. The dental broaches market has recorded continuous growth annually. Moreover, declining cost of dental broaches and technological advancements are driving the dental broaches market. Increasing cost of manufacturing and rising rate of inflation are the key factors hampering the growth of the dental broaches market. Browse full report on Dental Broaches Market -
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