The dental 3D printing market is projected to reach to USD 5.06 billion by 2023 from estimated USD 1.78 billion in 2018, at a CAGR of 23.2%
Oct 21, 2019, 10:20 ET
NEW YORK, Oct. 21, 2019 /CNW/ - High incidence of dental caries, growth in the geriatric population, and adoption of dental 3D printers in hospitals and clinics is driving the growth of dental 3D printing market
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The dental 3D printing market is projected to reach to USD 5.06 billion by 2023 from estimated USD 1.78 billion in 2018, at a CAGR of 23.2% during the forecast period. As dental implants, dental prosthetics, and other dental products manufactured by dental 3D printers find high use in the restoration of the dental structure, the high incidence of target diseases will play a key role in the growth of the dental 3D printing market during the forecast period. Moreover, the rising preference for cosmetic dentistry will aid the growth of the dental 3D printing market in the coming years. However, an unfavorable reimbursement scenario and stringent regulatory process for the approval of 3D printing equipment are expected to limit market growth to a certain extent.
Selective laser sintering technology segment is projected to witness the highest growth during the forecast period
Selective laser sintering technology segment is expected to register the highest CAGR during the forecast period. The high growth of this segment can be attributed to its utilization in the processing of a wide range of commercialized products, high productivity rate, and its efficiency in producing products with better strength and durability.
Implantology segment is expected to grow at the highest CAGR during the forecast period
During the forecast period, implantology segment is expected to grow at the highest CAGR.
The growing preference for the manufacturing of dental implants using dental 3D printing, advantages offered by 3D-printed dental implants, and the increasing application of 3D printing in dental implantology are the major factors that are expected to drive the growth of this application segment.
Asia Pacific to witness the highest growth during the forecast period
Asia Pacific is expected to witness the highest growth during the forecast period (2018 to 2023). Growing geriatric population, increasing demand for advanced dental solutions, increasing medical tourism, increasing disposable income, and rising efforts by leading market players for expanding their distribution network in emerging countries are driving the growth of this market.
Break of primary participants from supply side was as mentioned below:
• By Company Type – Tier 1–45%, Tier 2–40% and Tier 3–15%
• By Designation – C Level–41%, Director Level–30%, Others–29%
• By Region – Europe–32%, North America–27%, Asia Pacific–19%, Latin America- 12%, Middle East and Africa–10%
The key players in the global dental 3D printing market include 3D Systems (US), Stratasys (US/Israel), Renishaw (UK), Roland DG (Japan), SLM Solutions (Germany), EnvisionTEC (Germany), DENTSPLY Sirona (US), Straumann (Switzerland), Formlabs (US), Prodways Group (France), EOS (Germany), Rapid Shape (Germany), DWS (Italy), Planmeca (Finland), Kulzer GmbH (Germany), Ultimaker (Netherlands), Dental Wings (Canada), Carbon (US), and Asiga (Australia).
Research Coverage:
The report analyzes the dental 3D printing market and aims at estimating the market size and future growth potential of this market based on various segments such as product and service, technology, application, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their market position.
This report provides insights into the following pointers:
• Market Penetration: Comprehensive information on product portfolios offered by the top players in the global dental 3D printing market
• Product Launch/Innovation: Detailed insights on new product launches in the global dental 3D printing market
• Market Development: Comprehensive information on the lucrative emerging markets by product and services, technology, application, end user, and region
• Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global dental 3D printing market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of leading players in the global dental 3D printing market
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