Market Dynamics and Financial Trajectory for PerioChip
Introduction
PerioChip, a biodegradable chip containing 2.5 mg of chlorhexidine digluconate, is a significant player in the periodontal therapeutics market. It is used as a second-line treatment in the care and maintenance of periodontal disease. Here, we will delve into the market dynamics and financial trajectory of PerioChip.
Market Drivers
The periodontal therapeutics market, which includes PerioChip, is driven by several key factors:
Rise in Reported Cases of Periodontitis
The increasing prevalence of periodontitis globally is a major driver for the demand of periodontal therapeutics like PerioChip. As more people are diagnosed with periodontal diseases, the need for effective treatments rises[4].
Increase in Prevalence of Diabetes
Diabetes is a significant risk factor for periodontal diseases. The rising prevalence of diabetes worldwide contributes to the growing demand for periodontal treatments, including PerioChip[4].
Rise in Global Geriatric Population
The global geriatric population is increasing, and older adults are more prone to periodontal diseases. This demographic shift drives the demand for periodontal therapeutics[4].
Surge in Awareness About Oral Health
Increased awareness about oral health and the importance of maintaining good periodontal health also drives the market for products like PerioChip[4].
Clinical Efficacy
PerioChip has been clinically proven to be effective in reducing pocket depth in patients with periodontitis.
Clinical Studies
Studies have shown that patients treated with PerioChip in addition to scaling and root planing (SRP) experienced a statistically significant reduction in periodontal pocket depth compared to those treated with SRP alone. For example, in two U.S. multicenter studies, approximately twice as many subjects treated with PerioChip + SRP showed an improvement in pocket depth of 2 mm or more at nine months compared to those treated with SRP alone[3].
Targeted Delivery
PerioChip provides targeted delivery of chlorhexidine digluconate, reaching the base of periodontal pockets and killing 99% of periopathogenic bacteria. This localized action enhances its efficacy in reducing pocket depth and improving attachment levels[5].
Market Segmentation
The periodontal therapeutics market, including PerioChip, is segmented by product type and distribution channels.
Product Type
- Local Antibiotics: PerioChip falls under this category, which is expected to account for a significant share of the periodontal therapeutics market. Other local antibiotics include Arestin and Atridox[4].
Distribution Channels
- Hospitals Pharmacies: These are major distribution channels for PerioChip.
- Retail Pharmacies: PerioChip is also available through retail pharmacies.
- Drug Stores: Another distribution channel for PerioChip.
- E-commerce: The rise of e-commerce has also made PerioChip more accessible to patients[4].
Regional Market Analysis
The market for PerioChip is analyzed across various regions:
North America
North America is a significant market for periodontal therapeutics, driven by high awareness of oral health and advanced healthcare infrastructure. The U.S. and Canada are key countries in this region[4].
Europe
Europe also represents a substantial market, with countries like Germany, the U.K., France, and Italy contributing to the demand for PerioChip[4].
Asia Pacific
The Asia Pacific region is growing rapidly due to increasing healthcare expenditure and a rising geriatric population. Countries like Japan, China, and India are key markets[4].
Latin America and Middle East & Africa
These regions are also experiencing growth, driven by increasing awareness of oral health and improving healthcare infrastructure[4].
Financial Trajectory
The periodontal therapeutics market, which includes PerioChip, is expected to grow significantly.
Market Size and Growth Rate
The global periodontal therapeutics market is anticipated to reach US$ 1.1 billion by 2027, expanding at a CAGR of 8.8% from 2019 to 2027[4].
Revenue Forecast
The local antibiotics segment, which includes PerioChip, is expected to account for a significant share of the market revenue. The market value forecast by product and distribution channel indicates a steady increase in revenue for PerioChip and similar products[4].
Competition Landscape
PerioChip competes with other local antibiotics such as Arestin and Atridox. Key players in the periodontal therapeutics market include Den-Mat Holdings, LLC, Valeant Pharmaceuticals International, Inc., Dexcel Pharma, 3M Company, Oral Science, and Kaken Pharmaceutical Co., Ltd[4].
Key Takeaways
- Clinical Efficacy: PerioChip is clinically proven to reduce pocket depth and improve attachment levels in patients with periodontitis.
- Market Drivers: The market is driven by the rise in reported cases of periodontitis, increase in prevalence of diabetes, rise in global geriatric population, and surge in awareness about oral health.
- Market Segmentation: The market is segmented by product type and distribution channels, with local antibiotics being a significant segment.
- Regional Market: The market is analyzed across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- Financial Trajectory: The market is expected to grow at a CAGR of 8.8% to reach US$ 1.1 billion by 2027.
FAQs
What is PerioChip used for?
PerioChip is used as a second-line treatment in the care and maintenance of periodontal disease. It is an innovative, easy-to-insert biodegradable chip containing 2.5 mg of chlorhexidine digluconate.
How effective is PerioChip in treating periodontitis?
PerioChip has been shown to be significantly more effective in reducing pocket depth than scaling and root planing (SRP) alone. It provides targeted delivery of chlorhexidine digluconate, killing 99% of periopathogenic bacteria[3].
What are the key distribution channels for PerioChip?
PerioChip is distributed through hospitals pharmacies, retail pharmacies, drug stores, and e-commerce platforms[4].
Who are the key players in the periodontal therapeutics market?
Key players include Den-Mat Holdings, LLC, Valeant Pharmaceuticals International, Inc., Dexcel Pharma, 3M Company, Oral Science, and Kaken Pharmaceutical Co., Ltd[4].
What is the expected market size of the periodontal therapeutics market by 2027?
The global periodontal therapeutics market is anticipated to reach US$ 1.1 billion by 2027, expanding at a CAGR of 8.8% from 2019 to 2027[4].
Sources
- Biospace: Periodontal Therapeutics Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2028.
- University of Michigan: Research expenditures and awards.
- PerioChip: Research - PerioChip.
- Transparency Market Research: Periodontal Therapeutics Market Analysis Report 2027.
- PerioChip: Home - PerioChip.