Market Synopsis:
As per the latest study published by Market Research Future (MRFR), the global dental 3D printing market is set to expand exponentially at a CAGR of 28.2% during the forecast period 2018 to 2023. The technology is a recent development in the dental industry and has gained much popularity in the meantime. The accelerated adoption of 3D printing in the industry is poised to revolutionize the market in the foreseeable future.
Large-scale prevalence of dental disorders and rising oral care expenditure are expected to boost the growth trajectory of the dental 3D printing market in the forthcoming years. In addition, the growing popularity of cosmetic dentistry is further projected to propel the expansion of the dental 3D printing market over the next couple of years.
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The elderly population has been estimated to get doubled by 2050. It is anticipated to pave the way for a drastic increase in the patient pool of dental diseases. This, in turn, is presumed to favor the expansion of the dental 3D printing market through the review period. The Centers for Disease Control and Prevention has published in a report that the prevalence of dental caries reached 45.8% during 2015 - 2016.
The technological advancements have been adopted by the dental industry globally, and the market is likely to remain highly lucrative over the assessment period. However, unfavorable reimbursement scenario and stringent regulatory process for obtaining approval remain impediments to the market expansion.
Segmental Analysis
The dental 3D printing market globally has been segmented on the basis of technology, product and service, application, and end-user. The segmentation of the market on product and service basis has been segmented into materials, equipment, and services. The equipment segment has been further segmented into dental 3D printers and dental 3D scanners. Additionally, the materials segment has been segmented into metal, plastic, and other materials. The basis of technology segments the market into selective laser sintering, vat Photopolymerization, polyjet technology, fused deposition modeling, and other technologies. The vat Photopolymerization has been additionally segmented into digital light processing and stereolithography. By application, the segments of the market include orthodontics, implantology, and prosthodontics. On the basis of end-user, the market has been segmented into dental hospitals and clinics, dental laboratories, research institutes and dental academic. The market by region has been segmented, into Europe, the Americas, Asia Pacific, and the Middle East & Africa.
Regional Insights:
The market in the Americas is expected to dominate the global dental 3D printing market during the forecast period owing to the rising demand for cosmetic dentistry, increasing oral care expenditure, and rising popularity of digital dentistry among the people. Additionally, the growing occurrences of dental caries and tooth loss associated with the aging population are anticipated to boost the growth of the market in this region. The European market is expected to be the second-largest due to government funding and support of the healthcare sector coupled with the growing incidence of dental-related problems. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing market during the assessment period owing to growing disposable income, increasing incidence of dental caries, and favorable government initiatives for healthcare facilities. The market in the Middle East & Africa is likely to account for the smallest share of the global dental 3D printing market. The market growth in this region can be attributed to increasing healthcare expenditure and developing healthcare infrastructure.
Competitive Analysis
The improved financial liquidity of the competitors in the market has enhanced thus offering new chances for the growth of the market. The market appeal and the contender’s forces at work are considerably improved by the strategies that are being used by market companies. The market displays massive potential for growing at an accelerated pace. The sustainability of the market is however considerably reliant on the tactics and the strategic roadmaps that are engaged by market companies. The market is very varied in terms of segments and also about the products as well as the end users that are a portion of the market. The product offering of the market has expanded massively as compared to the past few years, thus making the market more profitable for present and different competitors. The eminent players in the market are 3D Systems, Inc., Stratasys Ltd., EnvisionTEC, Inc., Renishaw Plc., Formlabs, SLM Solutions Group, Carbon, Inc., Prodways group, DWS Systems, EOS GmbH Electro Optical Systems, Concept Laser GmbH, Rapid Shape GmbH, Asiga, and Roland DG.
Industry Updates:
July 2018 A well-known biotechnology company, Evo Dental which is based out of London has received as £4 million investment from the British Growth Fund (BGF) to develop its 3D printing jaw correction clinics through the UK. The new clinics will aid Evo Dental will offer its exclusive full jaw dental implant solution, which features prosthesis additive manufacturing, digital scanning, and high-precision milling machines to patients who require jaw reconstruction.
Key Players
Some of the key players in the global dental 3D printing market are Stratasys Ltd., 3D Systems, Inc., EnvisionTEC, Inc., DWS Systems, Renishaw Plc., Formlabs, Prodways group, SLM Solutions Group, Carbon, Inc., Concept Laser GmbH, EOS GmbH Electro Optical Systems, Rapid Shape GmbH, Asiga, and Roland DG.
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation for Global Dental 3D Printing Market
Figure 3 Segmentation Market Dynamics for Global Dental 3D Printing Market
Figure 4 Global Dental 3D Printing Market Share, by Product and Service, 2020
Figure 5 Global Dental 3D Printing Market Share, by Technology, 2020
Figure 6 Global Dental 3D Printing Market Share, by Application, 2020
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