A three-pronged approach was followed for deducing the endodontic devices market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for endodontic devices market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of endodontic devices market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The endodontic devices market was categorized into three segments, namely type (Instruments, Endodontic Consumables), end-use (Dental Hospitals, Dental Clinics, Dental Academic & Research Institutes), & region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
The endodontic devices market was segmented into type, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The endodontic devices market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nineteen countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; China; Japan; India; Australia; Thailand; South Korea; Mexico; Brazil; Argentina; South Africa; Saudi Arabia; UAE.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The endodontic devices market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Danaher: The company designs, manufactures, and markets medical and commercial products & services. It operates through four segments: diagnostics, life sciences, environmental & applied solutions, and dental solutions. Its diagnostics segment offers reagents, analytical instruments, software, consumables, and services for physicians’ offices, hospitals, reference laboratories, and other critical care settings to help diagnose various diseases.
Dentsply International: Dentsply International and Sirona merged in February 2016 to form Dentsply Sirona. It is a manufacturer and marketer of various oral & dental health products, along with other consumables for dental procedures. It specializes in preventive, restorative, orthodontics, prosthetics, endodontics, implants, healthcare, imaging, instruments, and CAD/CAM. The company operates in consumables, technologies, and equipment segments. Its dental supplies include endodontic instruments & materials, prophylaxis pastes, dental anesthetics, dental sealants, restorative materials, impression materials, tooth whiteners & topical fluoride products, and small equipment products, consisting of dental handpieces, dental diagnostic systems, intraoral curing light systems, & ultrasonic scalers & polishers. It has a presence in over 120 countries, with its principal manufacturing and distribution units situated in the U.S., Belgium, Brazil, China, Germany, France, Italy, Japan, Mexico, New Zealand, Poland, Switzerland, Puerto Rico, and the Netherlands.
FKG Dentaire: The company is a manufacturer of dental metals, artificial teeth, alloys, and other equipment, as well as instruments used in the dental field. The company specializes in endodontics & reconstruction and laboratory dental products. It offers products such as motor & apex locators, glide paths, obturation equipment, and accessories. In 2013, it installed a clean room to develop a range of sterile products that ensure better safety and ease of use. It is certified in compliance with international industry norms and regulations.
Ivoclar Vivadent AG: The company is a producer of dental products and systems with its products shipped to 120 countries worldwide. The company has subsidiaries & marketing offices in 25 countries. It operates in 4 product areas: digital dentistry, direct restoratives, fixed prosthetics, and removable prosthetics. It offers dentists & dental technicians products & systems that assist the entire treatment process, enabling them to achieve esthetic results. In 2018, its total sales was valued at USD 882.55.
Septodont: The company is a manufacturer, developer, and distributor of a wide range of high-quality dental products worldwide. The company is involved in the manufacture of products used in dentine restoration, endodontics, hand care, impression, infection control, pain management, periodontology, prosthetics, and restorative dental care.
Ultradent Products, Inc.: The company is a developer of high-tech dental devices, materials, and instruments worldwide. The company aims to improve the quality of dental healthcare and make dental procedures more efficient & predictable. It manufactures dental products, such as whitening products, composites, crowns & bridges, impressions, tips & syringes, and products for dental hygiene. Its products are used by dentists, dental & veterinary labs, group practices, government agencies, and academic universities.
Coltène: The company develops, manufactures, and sells small-size equipment & consumables for dental treatment applications. It offers a wide range of products across six segments: restoration, endodontics, prosthetics, infection control, rotary instruments, and laboratory. Key revenue is generated from the restoration product category, which includes products such as curing equipment, restorative filling materials, and adhesive systems. Its products are sold in Europe, North America, Latin America, and Asia.
MICRO-MEGA: The company designs, manufactures, and markets medical devices for dental use. Its high-precision medical devices are manufactured under the utmost quality and control conditions. The company provides counseling and training for using all its products & services, including the constant evolution of products, to match the customer’s evolving needs & operating practices. Its quality management system is certified as per ISO 13485:2012 standards. COLTENE acquired MICRO-MEGA in 2018.
DiaDent Group International: The company is a manufacturer of dental instruments, consumable supplies, and dental materials. It is a designer and manufacturer of endodontic products, such as gutta-percha and paper points. Its manufacturing facility in Korea has gained ISO 9001 and CE Mark certifications. It is continuously involved in the R&D of new products, with a commitment to improve and create high-quality products. The company supplies products through a network of around 900 dental dealers in 122 countries.
Brasseler Holdings, LLC: The companyoffers a comprehensive range of dental and surgical instrumentation. Its direct sales model provides high-quality instrumentation at competitive prices. It offers more than 6,000 products that comply with industry standards. It manufactures equipment such as rotary carbides, rotary diamonds, rotary polishers, power handpiece systems, procedure systems & kits, endodontic products, laboratory instruments, hygiene & hand instruments, surgical instrumentation, medical power systems, saw blades, surgery burs, and accessories.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2021, historic information from 2018 to 2020, and forecast from 2022 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2021 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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