Market Trends of Global Periodontal Industry
This section covers the major market trends shaping the Periodontal Market according to our research experts:
Laser Treatment Segment is Expected to Exhibit Fastest Growth Rate Over the Forecast Period
In contrast to conventional therapies, laser therapy complements them rather than replaces them. In periodontal laser therapy, your periodontist accesses the inflamed gum tissue from the area surrounding the root of tooth and removes it using a laser. Then they clean away the tartar and plaque that have accumulated below and around the gum line. Dental lasers are devices that produce a narrow beam of light u d to remove or shape a tissue in a dental treatment procedure. Painless and short dental surgeries have been made possible with the help of dental lasers. They are highly effective, depending upon the dentist's ability to control the exposure time and laser power output. According to the World Health Organization's report in May 2020, severe periodontal disease is estimated to affect nearly 10% of the global population. The leading causes of periodontal disease are poor oral hygiene and tobacco use. Thus, rising in periodontal diseases across the globe the demand for dental treatment is expected to increase over the forecast period thereby boosting the segment growth.
Companies are now focusing on the development of new products to expand their presence in the market. For instance, in October 2020, Summus Medical Laser, one of the global leaders in high-powered laser therapy products, announced the launch of its Horizon Dental Laser System. It is a Class IV therapy laser system designed specifically for dentistry. Furthermore, in December 2020, AMD Lasers introduced its Monet Laser Curing Light, which is a handheld dental device based on diode laser technology designed for dental clinical applications.
Thus, with the benefits associated with lasers treatment and the introduction of new products, the market is expected to flourish in this segment.
North America Captured the Largest Market Share and is Expected to Retain its Dominance
North America holds the largest share in the global periodontal market, with the United States being the largest contributor to its revenue. Periodontal disease and tooth decay are the two biggest threats to dental health in the United States.
Additionally, the market is expanding as a result of the rising number of dental visits. For instance, as per the Early Release of Selected Estimates Based on Data From the 2020 National Health Interview Survey, published in August 2021, reported that 63% of American adults who were 18 years of age or older visited the dentist in 2020. The need for dental care for checkups and treatment is generated by such a high number of dental visits, which is anticipated to propel market expansion. Also, the National Institute of Health article titled 'Estimates of Funding for Various Research, Condition, and Disease Categories' published in June 2021, based on grants, contracts, and other funding methods used by the National Institutes of Health, estimated that annual research support for dental/oral and craniofacial disease of USD 638 million.
The market is expanding as a result of the actions taken by market participants to meet the region's rising demand for dental equipment. For instance, in August 2021, The University of Pennsylvania's ADA Science & Research Institute received a USD2 million grant from the NIH to study the oral mucosa. In the presence of periodontal disease and peri-implantitis, the American Dental Association Science and Research Institute and the University of Pennsylvania School of Dental Medicine will assess the mechanisms that support and impair the barrier function of the oral epithelium. Additionally, in July 2021, Cortexyme in conjunction with its participation at the virtual International Association for Dental Research (IADR) 2021 General Session & Exhibition released new preclinical data showing effective dose range-finding data for its lead drug candidate atuzaginstat (COR388) in periodontal disease.
Thus, all the above mentioned factors expected to boost the segment growth over the forecast period.
