Market Synopsis:
Dental carpule market has witnessed the entry of new participants, especially local anesthesia manufacturers, over the years, which is likely to retain the growth of the market. Market Research Future (MRFR) has revealed in its latest report that Dental Carpule Market Share was valued at USD 1.93 billion in 2022. The Dental Carpule market industry is projected to grow from USD 1.98 Billion in 2023 to USD 2.55 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.72% during the forecast period (2022 - 2030).The rising burden of oral diseases coupled with increasing awareness about oral health care has fueled the demand for dental carpule passively, and the trend is expected to continue across the assessment period. Furthermore, the developments introduced in dental health care are expected to influence dental carpule market growth positively in the foreseeable future.
The need for safely administering injectable drugs to the patients having dental problems has catapulted the demand for dental carpule. However, carpule comes with certain disadvantages, such as the requirement of force on the plunger, leakage of solution, etc. which might hold the market growth during the forecast period.
Market Segmentation:
By material, the global dental carpule market has been segmented into glass, plastic, metal, and others. Among these, the glass carpule segment accounts for a maximum share of the global market trailed by the plastic segment.
By end-users, the dental carpule market is segmented into hospitals, dental clinics, home care, and others.
Regional Analysis:
By region, the global dental carpule market outlook has been segmented into North America, Europe, Asia-Pacific, and, the Middle East and Africa. North America is the largest market for dental carpule globally. The region is likely to retain its dominance in the foreseeable future growing at 3.1% CAGR. The market has entered a maturity phase and is estimated to reach a valuation of USD 9.2 Mn through the projection period. Increasing awareness about the importance of safe administration of anesthetics in dental procedures is the driving factor of growth in North America dental carpule market. Other factors favoring the expansion of the market are the rapid development of dental industries, technological advancements, product innovations, etc.
Europe accounts for the second largest share in the dental carpule market. The dental health care in Europe is much more affordable than in any other regions, which is expected to catalyze revenue generation for market participants across the review period. Dental carpule market in Europe is estimated to thrive at 2.7% CAGR and reach a valuation of USD 3.1 Mn by 2023. Another factor complementing the market growth and expansion in the region is the increasing demand for dental cosmetics and oral health.
Asia Pacific is an emerging market for dental carpule which is primarily attributable to the presence of fast-developing economies such as India, China, etc. The developments in the dental healthcare sector witnessed in recent times are likely to encourage market proliferation throughout the assessment period. The Middle East Africa will exhibit sluggish growth during the forecast period.
Competitive Dashboard:
Some of the key players profiled by MRFR in its report for a better understanding of the market are GlaxoSmithKline, Sanofi Genzyme, Merck, AstraZeneca, Gilead, Roche, Pfizer and Novartis among others. The market is consolidated with regional, national, and international market operators. The players strive to retain competitiveness over competitors by employing strategies such as acquisitions mergers, expansion of product portfolios, product developments, technological advancements, etc.
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