The global glucose excipient market size is estimated to be valued at US$ 5,863.3 Mn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030. Glucose is widely used as an excipient in dentistry due to its several advantageous properties such as biocompatibility, water solubility, stability, and non-hygroscopic behavior. It is commonly used as an excipient in dental cements, impression materials, root canal sealers, dental composites, and temporary filling materials among others. The high demand for endodontic procedures and dental restorations is driving the growth of the glucose excipient market.
Key Takeaways
Key players operating in the glucose excipient market are Polident D.O.O., Amt Medical SRL, Ivoclar Vivadent, VITA Zahnfabrik H. Rauter GmbH & Co. KG., Merz Dental GmbH, 3D Diagnostix Inc., Medical Precision Implants, FSM Dental Medikal Mak. San. Tic. Ltd. Sti., Yamahachi Dental Mfg., Co., Glidewell, Anthogyr SAS, Dentsply Sirona, 3Shape, Zimmer Biomet, SprintRay Inc., Thommen Medical AG, Institut Straumann AG, and Henry Schein, Inc.
The growing demand for dental impressions, models and temporizations is fueling the glucose excipient market growth. Glucose is commonly used as an excipient in dental impression materials, temporary filling materials and biomodel materials due to its advantages.
Key players are expanding their presence globally with a focus on developing countries which are expected to witness rapid growth in dental procedures over the coming years. Asia Pacific region in particular holds high growth potential for glucose excipient market due to increasing dental tourism and investments in dental healthcare infrastructure development projects.
Market Drivers
Rapid advances in dentistry such as CAD/CAM technology, 3D printing, and digital dentistry are driving the demand for advanced dental materials incorporating glucose as an excipient. Digital impression taking and CAD/CAM workflows require high quality impression materials and biomodels which rely on biocompatible excipients such as glucose. This is expected to significantly promote the glucose excipient market growth over the forecast period.
Impact of geopolitical situation on Glucose Excipient market growth and geographical regions
The current geopolitical instability across several regions is negatively impacting the growth of the glucose excipient market. The ongoing Russia-Ukraine war and economic sanctions on Russia by Western nations have disrupted global supply chains and export-import activities. This is adversely affecting the availability of key raw materials required for producing glucose excipients. Additionally, challenges in logistics and transportation due to the war are hindering manufacturing and distribution operations of major market players in the European region. The uncertain economic conditions and currency fluctuations caused by various global conflicts are also restricting investments and expansion plans of companies operating in the market.
To deal with such challenges, market players need to diversify their sourcing networks and establish alternative suppliers in different geographical locations. Companies must focus on optimizing existing production facilities and enhancing inventory management strategies to minimize supply disruptions. Adopting advanced digital technologies can help streamline operational processes and maintain business continuity even during times of geopolitical turbulence. Collaboration with local stakeholders and governments would aid in overcoming regional trade barriers and rebuilding supply networks disrupted due to geopolitical issues.
Geographical regions where Glucose Excipient market is concentrated in terms of value
The glucose excipient market is highly concentrated in North America and Europe in terms of value, accounted together for over 65% of the global market share in 2024. This is due to the advanced healthcare infrastructure and rising demand for tablets and capsules from the pharmaceutical industry in these developed regions. Within Europe, countries like Germany, United Kingdom, France, Italy hold majority of the market owing to presence of numerous international medical device manufacturers. The market is also well-established in Asia Pacific with growing medical tourism and contract manufacturing sectors in nations such as India, China, and Japan driving significant revenues.
Fastest growing region for Glucose Excipient market
The Middle East and Africa region is poised to witness the fastest growth in the glucose excipient market during the forecast period. This is attributed to increasing governmental focus on healthcare reforms, rising medical expenditures, growing aging population requiring various treatments in Gulf nations. Additionally, presence of less stringent regulatory framework compared to developed regions allows easy market access for manufacturers. Furthermore, mounting incidence of chronic diseases due to changing lifestyles and urbanization of population provides lucrative opportunities for excipient suppliers. Major players are also entering emerging African markets through partnerships with local pharmaceutical companies to tap rising demand from these underpenetrated areas.
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