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.
The global dental broaches market has been segmented based on type of product, application, and region. In terms of type of product, the market has been segmented into pull and push dental broaches. Based on application, the dental broaches market has been segmented into internal dental broaches and surface dental broaches. In terms of region, the dental broaches market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to account for significant share of the dental broaches market during the forecast period, followed by Europe and Asia Pacific. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. Moreover, the increasing efficiency in application, market is recorded with increasing usage rate of dental broaches. Globally, manufacturers of dental broaches have implemented new strategies and technology advancements. This report offers an extensive and in-depth assessment of the dental broaches market and also contains situational analysis, facts, insights, historical data, statistically supported market data which is validated through industry key opinion leaders. It also offers market estimations with the help of suitable assumptions and methodologies. The market research report contains analysis and thorough information about market segments such as product type, application, and region.
Key players operating in the global dental broaches market are Planmeca OY, Danaher Corporation, Dentsply Sirona, Ivoclar Vivadent AG, Carestream Health, Inc., Midmark Corporation, and 3M.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.