New York, United States: The Report on Dental 3D Printing Market by Decisive Markets Insights was released in the middle of Covid -19 after a thorough analysis of the top players and primary interviews with key industry figures. A market study from Dental 3D Printing Market examines the market size, segmentation, future trends, growth rate, drivers and challenges, as well as the sales channels and distributors.
The global Dental 3D Printing market gathered revenue around USD 1.9 Billion in 2020 and market is set to grow USD 8.0 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 29.2% during the prediction period 2021 to 2027.
Overview of Dental 3D Printing Market Study
Dental 3D Printing market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
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The dental 3D printing medical devices market is primarily driven by factors such as the high incidence of dental caries and other dental diseases, rising demand for cosmetic dentistry, the growing adoption of dental 3D printers in hospitals and clinics, and rapid growth in the geriatric population.
Lateral flow assays Market Dynamics
Driver: High incidence of dental caries and other dental diseases
Dental caries or tooth decay is a common ailment across all age groups, with the global incidence of decayed and missing teeth (DMT) increasing dramatically in recent years. According to the CDC, in 2019, 64.9% of adults aged above 18 years of age had a dental examination or dental cleaning procedure. According to the American College of Prosthodontists, more than 36 million Americans are completely edentulous, and around 120 million Americans are missing at least one tooth. 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
Restraint: Lower accuracy of lateral flow assay tests Lack of skilled workforce due to limited specialized training in additive manufacturing
One of the prominent barriers to the adoption of additive manufacturing or 3D printing is the lack of a skilled workforce. There is a very limited resource pool available for staff that is well-versed with 3D printing processes, which is further worsened by the rapid pace of evolution of the dental 3D printing market in terms of technology and materials. There is a dearth of training programs available for additive manufacturing and a wide gap between academia and practical applications in the industry that is difficult to bridge. The lack of a well-qualified workforce would restrain the overall adoption of dental 3D printing.
Opportunity: The increasing popularity of CAD/CAM technology
Computer-aided design (CAD)/computer-aided manufacturing (CAM) is increasingly being embraced by the dental industry due to its high precision in dental restoration. This technology is used for not only designing and manufacturing milled crowns and bridges but also designing fabricated abutments used in dental implants. CAD/CAM is highly useful in customizing dental prosthetics, such as dental crowns made of zirconium. The use of CAD/CAM also reduces the need to wear temporary bridges/crowns during the course of the treatment and the number of doctor visits, thereby reducing the cost of dental restoration. Although the majority of prosthetic elements are still made manually, the use of CAD/CAM associated with 3D printing continues to increase due to its advantages.
Challenge: High capital investment and operating costs
Small and medium-sized laboratories may find it unfeasible to install dental 3D printing facilities due to financial constraints. Since the majority of dental labs are small or medium-sized, this is a key challenge in the market. The cost of a high-resolution 3D printer is around USD 40,000 to USD 100,000. This also makes it difficult for laboratories dependent on federal funding (for whom securing funds in itself is a time-consuming process) to install and use such equipment. Due to this financial aspect, many smaller dental clinics may choose to outsource production to service bureaus or laboratories. This is poses a major challenge to the growth of the dental 3D printing market.
The services segment holds the highest market share, by product & service, in the forecast period.
On the basis of product & service, the dental 3D printing market is broadly segmented into services, materials and equipment. The equipment segment is further divided into dental scanners and printers. The large share of the services segment can be attributed to the competitive pricing offered by dental 3D printing service providers and the large-scale outsourcing of dental product design and production by small hospitals, dental clinics, and laboratories.
Based on technology, fused deposition modeling is projected to grow at the highest CAGR in the forecast period
Based on technology, the dental 3D printing market is segmented into VAT photopolymerization, fused deposition modeling, selective laser sintering, PolyJet printing, and other technologies.
The fused deposition modeling segment is projected to register the highest growth rate in the dental 3D printing market, by technology during the forecast period. In dentistry, FDM is a widely applied technology due to the availability of a wide range of biocompatible, strong, and sterilizable thermoplastics. The ability of the FDM machine to use several materials simultaneously makes it useful for printing removable dentures and prosthetics. Moreover, low machine and material prices also support their adoption.
Based on application, prosthodontics holds the highest market share in the dental 3D printing market
On the basis of application, the dental 3D market is segmented into prosthodontics, implantology and orthodontics. Prosthodontics holds the highest share in the dental 3D printing market. The large share of the prosthodontics segment can primarily be attributed to the growing demand for crowns and bridges, rising prevalence of dental caries, increasing incidence of tooth loss, and increasing customer acceptance of advanced dental technologies.
By end user, the dental laboratories segment is growing at the fastest rate in the forecast period
Based on sample type, the dental 3D printing market is segmented into dental laboratories, dental hospitals and clinics and dental academic and research institutes. In this segment, dental laboratories is projected to register the highest growth rate in the dental 3D printing market. The high growth rate of this segment can be attributed to rapid adoption of advanced dental technology by dental laboratories and consolidation of dental laboratories.
North American region holds the highest market share in the dental 3D printing market
North America is expected to account for the largest share of the global dental 3D printing market in 2019. The large share of the North American region is due to the lucrative growth opportunities the region offers due to the high and growing incidence of dental caries and tooth loss (associated with the aging population), high oral care expenditure, the increasing demand for cosmetic dentistry, and the rising popularity of digital dentistry. A vast majority of global players are also based in the US, owing to which the country is a center for innovation in the dental 3D printing market.
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COVID-19 Impact on Dental 3D Printing Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Dental 3D Printing market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Dental 3D Printing market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Dental 3D Printing market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Dental 3D Printing market include:
EnvisionTEC, Inc., 3D Systems, Inc., Renishaw plc., SLM Solutions, Formlabs, Inc., Stratasys Ltd., DWS S.r.l., Prodways Group, Asiga, Carbon, Inc., DSI Ltd., TRUMPF, Keystone Industries, Zortrax S.A., SprintRay, Inc., Dentsply Sirona, General Electric Company, Rapid Shape GmbH, and Roland DG Corporation.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global 3D Printing Market: Segmentation
3D Printing Market, by Technology
- Vat Photopolymerization
- Fused Deposition Modeling
- PolyJet Technology
- Selective Laser Sintering
- Others (Powder Binder Printers [PBP], steriolithography, etc.)
3D Printing Market, by Application
- Dental Implants
- Crown & Bridges
- Others (Caps, Prosthesis, etc.)
3D Printing Market, by Material
- Others (Dentals Composites, Mixtures of Materials, etc.)
3D Printing Market, by End User
- Dental Clinics & Labs
- Dental Academic & Research Institutes
- Others (Hospitals, ACS, etc.)
Why Buy this Report?
The purpose of Nova one advisor’s Dental 3D Printing market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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