Allied Market Research published a report, titled, βGutta-percha Market by Type (Surface Modified Gutta Percha, Medicated Gutta Percha, Nanoparticles Enriched Gutta Percha), by Form (Beta, Alpha), by Distribution Channel (Retail Pharmacy, Online Pharmacy), by End User (Hospitals, Dental Clinics, Dental Academic and Research Institutes): Global Opportunity Analysis and Industry Forecast, 2022β2031.β According to the report, the global gutta-percha industry generated $196.2 million in 2021, and is estimated to reach $385.8 million by 2031, witnessing a CAGR of 7.1% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
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Covid-19 Scenario
The COVID-19 pandemic hampered the growth of the global gutta-percha market.
Manufacturing activities across the globe were halted which, in turn, resulted in the interruption of production and supply chain activities.
A huge number of clinics and hospitals across the globe were restructured to increase the hospital capacity for patients diagnosed with COVID-19. As dental surgeries are non-emergency procedures, there were less number of dental surgeries performed and consequently there was a reduced demand for gutta percha.
Conversely, with the pandemic situation getting better, gutta-percha companies began resuming their manufacturing activities and services, which helped the market to recover.
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On the basis of type, the market is segmented into surface modified gutta-percha, medicated gutta-percha, and nanoparticles enriched gutta-percha. The surface modified gutta-percha segment dominated the market in 2021, and is expected to continue this trend during the gutta-percha market forecast period, owing to increase in demand for resin-coated gutta-percha.
On the basis of form, the market is bifurcated into beta and alpha. The beta segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in availability of gutta percha in beta form. The beta form of gutta percha is more stable and flexible at room temperature.
On the basis of distribution channel, the market is classified into retail pharmacy and online pharmacy. The retail pharmacy segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in the number of licensed retail pharmacies and increase in the demand of gutta percha material for root canal treatment.
On the basis of end user, the market is divided into hospitals, dental clinics, and dental academic and research institutes. The hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in number of hospitals and increase in expenditure by government to develop healthcare infrastructure.
North America accounted for a majority of the gutta-percha market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in number of root canal procedures, increase in number of gutta-percha industry and developed healthcare infrastructure. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in expenditure by government organization to develop healthcare sector, increase in awareness among people regarding oral hygiene.
The COVID-19 outbreak had negative impact on growth of the global gutta percha market. The COVID-19 pandemic stressed healthcare systems of the world. In addition, dental surgeons are more vulnerable for contracting and transmitting the corona virus. Subsequently, this leads to cancellation of many non-essential surgical procedures across the world. Thus, these factors are anticipated to hinder the growth of market during pandemic. In addition, demand for gutta percha decreased, owing to flight cancellations; travel bans and quarantines; restriction of all indoor/outdoor events; emergency declaration; and massive slowing of supply chain of raw material. Thus, the outbreak of COVID-19 has negatively impacted the gutta percha market.
Key Findings Of The Study
By type, the surface modified gutta-percha segment was the highest contributor to the market in 2021.
By form, the beta segment was the highest contributor to the market in 2021.
By distribution channel, the retail pharmacy segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
By end user, the hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
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