- The periodontal therapeutics market will observe good growth opportunities across the assessment period of 2019-2027 on the back of the rising geriatric population and the expanding prevalence of periodontal disease
- The global periodontal therapeutics market is expected to expand at a CAGR of 8.8 percent during the forecast period of 2019-2027
ALBANY, N.Y, May 4, 2021 /PRNewswire/ -- The geriatric population has increased phenomenally over the years. The expanding prevalence of many diseases across the geriatric populace is expected to bring good growth opportunities for the periodontal therapeutics market. According to the World Health Organization (WHO), nearly 3.5 bn people are affected by oral diseases. The WHO also states that more than 10 percent of the global population is affected by severe periodontal diseases.
Periodontal disease can be described as the infection of the tissues that hold the teeth in place. It is caused by improper flossing habits and bad brushing habits. These bad habits lead to the formation of plaque, a sticky film of bacteria to build upon the teeth, which leads to periodontal disease. Smoking is the main cause of bacteria formation and the rising number of smokers is serving as a vital trigger for periodontal disease. Thus, all these factors bode well for the growth of the periodontal therapeutics market.
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Transparency Market Research (TMR) estimates the periodontal therapeutics market to record a CAGR of 8.8 percent during the tenure of 2019-2027. The global periodontal therapeutics market was valued at US$ 537 mn in 2019 and is extrapolated to reach US$ 1.1 bn by the end of the forecast period that is 2027.
The reimbursement policies by the government bodies of the numerous countries to provide excellent treatment to every citizen will prove to be a prominent growth contributor for the periodontal therapeutics market. The Affordable Care Act in the U.S. is a classic instance. Thus, all these aspects will serve as growth multipliers for the periodontal therapeutics market.
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Key Findings of the Report
Rising Awareness about Oral Health to Add Extra Stars of Growth
The awareness about oral health in various developing and developed countries is proving to be a prominent growth prospect for the periodontal therapeutics market. The increasing prevalence of oral diseases and the encouragement by various government and non-government organizations to make the global populace aware of the importance of tackling oral diseases will prove to be growth generators for the periodontal therapeutics market.
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Revamped Healthcare Infrastructure to Boost the Growth Prospects of the Periodontal Therapeutics Market
The government bodies of numerous countries have started spending more on healthcare infrastructure to tackle the growing number of diseases and infections around the world. The increased spending on the healthcare infrastructure will prove to be a great growth multiplier for the periodontal therapeutics market. The focus of densely populated countries like India and China on upgrading the healthcare infrastructure will also prove to be a significant growth prospect for the periodontal therapeutics market.
Changing Lifestyle Habits to Invite Profitable Growth
The lifestyle habits of a large number of people are changing extensively due to a change in their eating styles. The rising disposable income, hectic schedules, and the growing number of people opting for junk food and on-the-go food has led to the advent of many dental diseases and disorders, which will prove to be prominent growth indicators for the periodontal therapeutics market.
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Periodontal Therapeutics Market: Growth Drivers
- The periodontal therapeutics market will observe tremendous growth on the back of the rising threat of oral diseases among a large chunk of the global populace due to a rapid change in lifestyle habits.
- The increase in the investments related to healthcare by the government bodies of numerous countries will prove to be a vital growth contributor for the periodontal therapeutics market.
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