Pune, India, April 05, 2021 (GLOBE NEWSWIRE) -- The global dental CAD/CAM market size is projected to reach USD 3.95 billion by 2028, exhibiting a CAGR of 8.7% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Dental CAD/CAM Market, 2021-2028”. As per the report, the value of the market stood at USD 2.06 billion in 2020.
A study published by the Lancet in 2017 mentions that nearly 3.5 billion people worldwide have been affected by oral diseases. Even though most dental health conditions are highly preventable, factors, such as poor eating habits, consumption of tobacco and alcohol, and lack of dental care, especially in the young urban population, cause dental problems such as tooth decay, sensitive teeth, and in some cases, even oral cancer.
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Market Segmentation
We have categorized the market on the basis of product, type, end user, and geography. On the basis of product, the market is bifurcated into equipment (milling machine, scanners, and others) and software. In terms of type, the market is divided into chairside and laboratory. Based on end user, it is fragmented into dental hospitals & clinics, dental laboratories, and others. Lastly, on the basis of geography, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.
What Does the Report Offer?
The report provides a detailed analysis of the key market aspects, namely, the dominant companies, end-users, and leading product types. Apart from this, the report contains tangible insights into the current & upcoming market trends and highlights prominent industry developments. In addition to these factors, the report supplies a holistic understanding of the main drivers, restraints, and segments that are contributing to the growth of the market.
Rising Adoption of Aesthetic Dentistry to Drive Growth
Although treatment of dental health problems does not come under Universal Health Coverage (UHC), it is a common belief that having perfect teeth provides social confidence. For instance, the American Academy of Cosmetic Dentistry (AACD) conducted an independent study, under which a group of people was interviewed. 99.7% of those people admitted that a smile is a social asset and is very important to the overall appearance. The increasing demand for cosmetic dentistry worldwide is estimated to drive the global dental CAD/CAM market growth. In addition, the rising adoption of digital dentistry and the increasing requirement for customized implants are projected to strengthen the demand for dental CAD/CAM.
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High Cost Associated with the Process to Restrain Growth
As accurate and efficient as CAD/CAM software is, it still is an expensive matter. The high cost associated with the process is anticipated to restrain the market growth during the forecast period. On top of that, limited to no support from insurance companies and government-regulated healthcare bodies restricts people to opt for the procedure. This is expected to further hinder the demand for CAD/CAM.
The COVID-19 outbreak has adversely affected the dental industry. Since oral checkups are an intimate process and would have been a direct violation of social distancing norms at the time, a large population of patients had postponed or canceled their dentist appointment in the initial phase of the pandemic.
North America to Lead amid Growing Digitalization in the Dental Industry
North America is projected to dominate the global dental CAD/CAM market share during the forecast period. The region’s market value stood at USD 0.77 billion in 2020. The factors that are predicted to boost the demand for dental CAD/CAM in the region include the presence of prominent players and industry leaders, growing digitalization in the dental space, and favorable reimbursement policies from governments and insurance companies.
Europe is set to avail the second largest market share during the projected timeline. The rapidly growing geriatric population in the region is predicted to drive the growth of the global market. In addition, strategic collaborations and acquisitions by the key industry players are shaping up the market growth in the region.
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Key Players to Focus on Acquisitions for Expanding their Product Line
The global dental CAD/CAM market comprises developers and manufacturers that are focused on identifying new opportunities and developing better products and services. Prominent enterprises are focusing on acquiring other companies in order to expand their product portfolio and serve more customers. For instance, in March 2020, Align Technology, Inc. announced the acquisition of exocad Global Holdings GmbH, a global leader in designing dental CAD/CAM systems. This will help Align Technology strengthen its product portfolio.
Industry Developments:
- In April 2019, Smile Innovations Group Incorporated (SIG) introduced Digital One Dental (DOD), a milling/3D printing company and dental laboratory solutions provider of CAD/CAM systems. This launch will help the parent company provide fully integrated digital dental solutions.
- In September 2018, DGSHAPE Corp., one of the subsidiaries of Roland DGA, introduced its new DWX-42W Wet Dental Mill for dental CAD/CAM system.
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List of Key Companies Covered in the Market Report:
- Align Technology, Inc. (California, United States)
- Dentsply Sirona (Pennsylvania, United States)
- Axsys Dental Solutions (Wixom, United States)
- MPM Pvt LTD. (Bangalore India)
- Institut Straumann AG (Basel, Switzerland)
- PLANMECA OY (Helsinki, Finland)
- 3Shape A/S (Copenhagen, Denmark)
- Yenadent Ltd. (Turkey)
- Other Prominent Players
Table of Contents
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Dental Conditions, in Key Countries/ Region
- New Product Launches, By Key Players
- Key Industry Developments (Mergers, Acquisitions, Partnership and etc.)
- Impact of COVID-19 on Dental CAD CAM Market
- Global Dental CAD CAM Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
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- Equipment
- Milling Machines
- Scanners
- Others
- Software
- Equipment
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- Market Analysis, Insights and Forecast – By Type
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- Chair-side CAD/CAM Systems
- Laboratory CAD/CAM Systems
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- Market Analysis, Insights and Forecast – By End-User
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- Dental Hospitals & Clinics
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- Market Analysis, Insights and Forecast – By Region
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- Dental Laboratories
- Others
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- North America
- Europe
- Asia pacific
- Latin America
- Middle East & Africa
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SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:
- Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
- Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
- Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
- Number of procedures and average price of procedures
- Replacement rate and pricing of capital equipment
- Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
- Market & technological trends, new product developments, product pipeline.
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