The global dental handpieces market was valued at $1,589.8 million in 2021, and is projected to reach $2,712.2 million by 2031, registering a CAGR of 5.5% from 2022 to 2031. Dental handpieces are instruments used by dentists to carry out a number of treatments, including endodontics, cavity preparation, crown preparation, and decay removal. The electric motor used in electric dental handpieces is connected to a shaft by gears, and these gears are connected by burs, which is a part that performs actual cutting. A dental drill or handpiece is a hand-held, mechanical instrument used to perform a variety of common dental procedures, including removing decay, polishing fillings, performing cosmetic dentistry, and altering prostheses.
The dental handpieces market is driven by increase in awareness regarding oral hygiene and surge in prevalence of dental disorders. Moreover, one of the key elements driving the market for dental handpieces is the growing geriatric population. As the dentition changes with age, such as the enamel wearing down, the enamel chipping, the emergence of fracture lines, the discoloration of the chipped areas and fracture lines, and the exposure of the dentin, the elderly population is more prone to dental illnesses. Moreover, rise in the number of root canal procedure is anticipated to boost the market growth. According to American Association of Endodontics, in 2021, around 25 million root canal procedures are conducted every year. For instance, according to the World Health Organization (WHO), in 2020, approximately 2.3 billion people were diagnosed with caries of permanent teeth across the globe. In addition, insufficient fluoride is the primary risk factor for dental caries.
Other risk factors for dental caries include, lifestyle modifications, behavioral qualities, dietary habits, socioeconomic standing, and socio-demographic attributes. Thus, changes in lifestyle lead to increase in tooth caries, which in turn drives up the demand for dental handpieces in dental procedures, which is expected to boost the market expansion.
In addition, governments globally have increased the expenditure on the healthcare sector. For instance, according to the Centers for Medicare & Medicaid Services, the U. S. healthcare spending grew by 9.7% from 2019 to 2020, reaching $4.1 trillion ($12,530 per person). Similarly, as per the Office for National Statistics, total healthcare expenditure in UK accounted for 12.8% of the gross domestic product (GDP) in 2020, as compared to 10.2% in 2019. Furthermore, it has been estimated that approximately 30% of the healthcare expenditure is used in upgrading the healthcare infrastructure, especially medical equipment and material used at public health centers, such as hospitals.
Hence, rise in healthcare expenditure across the globe is expected to fuel the demand for dental handpieces application in dental treatment, thereby boosting the market growth. In addition, improved techniques for canal obturation operations and increased public awareness of dental hygiene are predicted to promote market expansion. Moreover, rise in the number of dental check-up camps and initiative taken by governments to develop healthcare infrastructure are anticipated to boost the market growth. On the other hand, high cost of root canal treatment and limited reimbursements for dental procedures are some factors that are anticipated to restrain the growth of the dental handpieces market. The dental handpieces market is segmented on the basis of complete handpiece, handpiece component, end user, and region. On the basis of complete handpiece, the market is segmented into speed handpiece, electric handpieces, surgical handpieces, and others. Others includes endodontic handpieces and implant handpieces.
The speed handpiece segment is further sub-categorized into high-speed handpiece and low-speed handpiece. By handpiece component, the market is bifurcated into air turbines, electric motors, and others. Others includes handpiece lights, handpiece heads, and handpiece swivels. On the basis of end user, the market is divided into dental clinics, hospitals, and others. Others includes hygienists, specialists, and lab technicians. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Some of the major companies that operate in the global dental handpieces market include, A-dec Inc., Dentsply Sirona, Bien-Air Dental SA, SciCan Ltd., DENTALEZ, Zimmer Biomet, MTI Dental, MDK CO., LTD., and Premier Dental Co., NSK.
The dental handpieces market is driven by increase in awareness regarding oral hygiene and surge in prevalence of dental disorders. Moreover, one of the key elements driving the market for dental handpieces is the growing geriatric population. As the dentition changes with age, such as the enamel wearing down, the enamel chipping, the emergence of fracture lines, the discoloration of the chipped areas and fracture lines, and the exposure of the dentin, the elderly population is more prone to dental illnesses. Moreover, rise in the number of root canal procedure is anticipated to boost the market growth. According to American Association of Endodontics, in 2021, around 25 million root canal procedures are conducted every year. For instance, according to the World Health Organization (WHO), in 2020, approximately 2.3 billion people were diagnosed with caries of permanent teeth across the globe. In addition, insufficient fluoride is the primary risk factor for dental caries.
Other risk factors for dental caries include, lifestyle modifications, behavioral qualities, dietary habits, socioeconomic standing, and socio-demographic attributes. Thus, changes in lifestyle lead to increase in tooth caries, which in turn drives up the demand for dental handpieces in dental procedures, which is expected to boost the market expansion.
In addition, governments globally have increased the expenditure on the healthcare sector. For instance, according to the Centers for Medicare & Medicaid Services, the U. S. healthcare spending grew by 9.7% from 2019 to 2020, reaching $4.1 trillion ($12,530 per person). Similarly, as per the Office for National Statistics, total healthcare expenditure in UK accounted for 12.8% of the gross domestic product (GDP) in 2020, as compared to 10.2% in 2019. Furthermore, it has been estimated that approximately 30% of the healthcare expenditure is used in upgrading the healthcare infrastructure, especially medical equipment and material used at public health centers, such as hospitals.
Hence, rise in healthcare expenditure across the globe is expected to fuel the demand for dental handpieces application in dental treatment, thereby boosting the market growth. In addition, improved techniques for canal obturation operations and increased public awareness of dental hygiene are predicted to promote market expansion. Moreover, rise in the number of dental check-up camps and initiative taken by governments to develop healthcare infrastructure are anticipated to boost the market growth. On the other hand, high cost of root canal treatment and limited reimbursements for dental procedures are some factors that are anticipated to restrain the growth of the dental handpieces market. The dental handpieces market is segmented on the basis of complete handpiece, handpiece component, end user, and region. On the basis of complete handpiece, the market is segmented into speed handpiece, electric handpieces, surgical handpieces, and others. Others includes endodontic handpieces and implant handpieces.
The speed handpiece segment is further sub-categorized into high-speed handpiece and low-speed handpiece. By handpiece component, the market is bifurcated into air turbines, electric motors, and others. Others includes handpiece lights, handpiece heads, and handpiece swivels. On the basis of end user, the market is divided into dental clinics, hospitals, and others. Others includes hygienists, specialists, and lab technicians. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Some of the major companies that operate in the global dental handpieces market include, A-dec Inc., Dentsply Sirona, Bien-Air Dental SA, SciCan Ltd., DENTALEZ, Zimmer Biomet, MTI Dental, MDK CO., LTD., and Premier Dental Co., NSK.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the dental handpieces market analysis from 2021 to 2031 to identify the prevailing dental handpieces market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the dental handpieces market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global dental handpieces market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Complete Handpiece
- Speed Handpiece
- Type
- High Speed Handpiece
- Low Speed Handpiece
- Electric Handpieces
- Surgical Handpieces
- Others
By Handpiece Component
- Air Turbines
- Electric Motors
- Others
By End User
- Others
- Dental clinics
- Hospitals
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- Dentsply Sirona
- SciCan Ltd.
- DENTALEZ
- Zimmer Biomet
- MTI Dental
- MDK CO., LTD.
- Premier Dental Co.
- NSK
- Bien Air Dental SA
- A dec Inc.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Patent Landscape
CHAPTER 4: DENTAL HANDPIECES MARKET, BY COMPLETE HANDPIECE
4.1 Overview
4.1.1 Market size and forecast
4.2 Speed Handpiece
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.2.4 Speed Handpiece Dental Handpieces Market by Type
4.2.4.1 High Speed Handpiece Market size and forecast, by region
4.2.4.2 Low Speed Handpiece Market size and forecast, by region
4.3 Electric Handpieces
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Surgical Handpieces
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: DENTAL HANDPIECES MARKET, BY HANDPIECE COMPONENT
5.1 Overview
5.1.1 Market size and forecast
5.2 Air Turbines
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Electric Motors
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Others
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: DENTAL HANDPIECES MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Dental clinics
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Hospitals
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: DENTAL HANDPIECES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Complete Handpiece
7.2.2.1 North America Speed Handpiece Dental Handpieces Market by Type
7.2.3 North America Market size and forecast, by Handpiece Component
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Complete Handpiece
7.2.5.1.2 Market size and forecast, by Handpiece Component
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Complete Handpiece
7.2.5.2.2 Market size and forecast, by Handpiece Component
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Complete Handpiece
7.2.5.3.2 Market size and forecast, by Handpiece Component
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Complete Handpiece
7.3.2.1 Europe Speed Handpiece Dental Handpieces Market by Type
7.3.3 Europe Market size and forecast, by Handpiece Component
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Complete Handpiece
7.3.5.1.2 Market size and forecast, by Handpiece Component
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Complete Handpiece
7.3.5.2.2 Market size and forecast, by Handpiece Component
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Complete Handpiece
7.3.5.3.2 Market size and forecast, by Handpiece Component
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Complete Handpiece
7.3.5.4.2 Market size and forecast, by Handpiece Component
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Complete Handpiece
7.3.5.5.2 Market size and forecast, by Handpiece Component
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Complete Handpiece
7.3.5.6.2 Market size and forecast, by Handpiece Component
7.3.5.6.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Complete Handpiece
7.4.2.1 Asia-Pacific Speed Handpiece Dental Handpieces Market by Type
7.4.3 Asia-Pacific Market size and forecast, by Handpiece Component
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Complete Handpiece
7.4.5.1.2 Market size and forecast, by Handpiece Component
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Complete Handpiece
7.4.5.2.2 Market size and forecast, by Handpiece Component
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Complete Handpiece
7.4.5.3.2 Market size and forecast, by Handpiece Component
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Complete Handpiece
7.4.5.4.2 Market size and forecast, by Handpiece Component
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Complete Handpiece
7.4.5.5.2 Market size and forecast, by Handpiece Component
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Complete Handpiece
7.4.5.6.2 Market size and forecast, by Handpiece Component
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Complete Handpiece
7.5.2.1 LAMEA Speed Handpiece Dental Handpieces Market by Type
7.5.3 LAMEA Market size and forecast, by Handpiece Component
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Complete Handpiece
7.5.5.1.2 Market size and forecast, by Handpiece Component
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Complete Handpiece
7.5.5.2.2 Market size and forecast, by Handpiece Component
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Complete Handpiece
7.5.5.3.2 Market size and forecast, by Handpiece Component
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Complete Handpiece
7.5.5.4.2 Market size and forecast, by Handpiece Component
7.5.5.4.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Dentsply Sirona
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 SciCan Ltd.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 DENTALEZ
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Zimmer Biomet
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 MTI Dental
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 MDK CO., LTD.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Premier Dental Co.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 NSK
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Bien Air Dental SA
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 A dec Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Dental Handpieces Market,' the dental handpieces market size was valued at $1.6 billion in 2021, and is estimated to reach $2.7 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031. Dental handpieces are among the most important and versatile tools used in dental practices. Handpieces are used for various dental applications, such as endodontic procedures, caries removal, implantology, and prophylactic use. Dentists, hygienists, specialists, and lab workers use these handpieces. These handpieces can be utilized to complete the most challenging endodontic, surgical, or restorative procedure. Some handpieces are made for a variety of everyday uses, whilst specialized handpieces are only appropriate for certain procedures. It is crucial to practice with the proper handpiece and have the processes in place to clean and preserve the handpieces.Factors that drive the growth of the dental handpieces market size include, surge in demand for root canal procedure, increase in number of dental handpieces industry, advancement in technology in the healthcare sector, rise in awareness toward oral hygiene, and upsurge in dental tourism. In addition, rise in geriatric population, and alarming increase in the prevalence of dental disease and condition, such as gum disease, cavities, cracked teeth, and dental pulp are anticipated to fuel the dental handpieces market trends. For instance, according to Centers for Disease Control and Prevention (CDC), in 2019, 70.1% of the population aged above 65 years and more was reported to be diagnosed with periodontal diseases. Thus, rise in geriatric population and increase in prevalence of periodontal disease are expected to propel the demand for dental handpieces material for dental treatment purpose, which, in turn, augments the growth of the dental handpieces market.
In addition, according to World Health Organization (WHO), consumption of tobacco, alcohol, and unhealthy diet are among the few common causes of oral disease. This factor surges the need for root canal procedure and is anticipated to fuel the growth of the dental handpieces market analysis. Moreover, the Global Burden of Disease, in 2020, reported that around 2.4 billion people globally were affected with dental caries. In addition, the increased need for routine dental exams makes it easier to identify diseases like dental caries and damaged tooth tissue. It results in increase in the need for crowns, root canals, and fillings and fuels the growth of the dental handpieces market forecast period.
In addition, the dental handpieces market share is expected to develop due to increase in dental clinics and the number of experts performing dental procedures. In addition, rise in disposable income among the populace of developing nations and increase in dental R&D activities, both contribute to the market's expansion.
On the basis of complete handpiece, the market is segmented into speed handpiece, electric handpieces, surgical handpieces, and others. The speed handpiece segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in the number of product launch and product approval for speed handpieces. On the basis of handpiece component, the market is bifurcated into air turbines, electric motors, and others. The electric motors segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to technological advancement in dentistry and rise in the number of product launch for dental handpieces. On the basis of end user, the market is divided into dental clinics, hospitals, and others. The hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in the number of hospitals and increase in expenditure by government to develop healthcare infrastructure.
North America accounted for a majority of the global dental handpieces market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in the number of root canal procedures, increase in the number of dental handpieces industry, and developed healthcare infrastructure. Asia-Pacific is anticipated to witness lucrative growth during the forecast period, owing to rise in expenditure by government organization to develop the healthcare sector and increase in awareness among people regarding oral hygiene.
The COVID-19 outbreak is anticipated to have a negative impact on growth of the global dental handpieces market. The dental surgeons are more vulnerable for contracting and transmitting the coronavirus. Subsequently, this led to cancellation of many non-essential surgical procedures across the globe. Thus, these factors are anticipated to hinder the growth of market during pandemic. In addition, demand for dental handpieces decreased, owing to delayed transportation due to COVID-19 pandemic and 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 dental handpieces market.
Key findings of the study
By complete handpiece, the speed handpiece segment was the highest contributor to the market in 2021.By handpiece component, the electric motors segment was the highest contributor to the market in 2021.
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.
Companies Mentioned
- Dentsply Sirona
- Scican Ltd.
- Dentalez
- Zimmer Biomet
- Mti Dental
- Mdk Co. Ltd.
- Premier Dental Co.
- Nsk
- Bien Air Dental SA
- a Dec Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 278 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1589.8 million |
| Forecasted Market Value ( USD | $ 2712.2 million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
