Global Dental 3D Printing Market Will Grow at a CAGR of 16.5% During the Forecast Period 2018-2024
Rise in the incidence of oral disease, the number of dentists, growing adoption of knowledge-based dentistry, and increased demand for 3D dental products, coupled with a rise in the edentulous population have boosted the growth of the 3D dental market worldwide.
BANGALORE, India, April 25, 2018 (Newswire.com) - Infoholic Research LLP, a global market research and consulting company, has published a study titled “Global Dental 3D Printing Market – Drivers, Restraints, Opportunities, Trends, and Forecasts: 2018–2024” (March 2018).
Medical technology has been improving, and dental 3D products have drastically changed the entire dentistry industry from manufacturing to the treatment of various dental conditions. The concept of digital scanning and 3D printing have eliminated errors and helped dental practitioners design customized 3D products. The rapid adoption of CBCT and integration of software with CAD/CAM for 3D dentistry has helped dentists and radiologists to generate the exact copy of dental products. Digital solutions in dentistry have reshaped the contribution of different dental products with the advantage of high accuracy, reliability, digitalization, and safe production on demand in a short span of time. Digital dentistry has a wide scope and any dental device can incorporate the computer-controlled components in contrast to the machine alone. This has shown positive results across the globe and has increased its popularity due to its cost-effectiveness. This trend is expected to result in a lucrative growth of dental implants in the future.
Dental 3D printing market is growing at a rapid pace due to digitalization of dental workflow to eliminate discomfort and reduce fabrication time, resulting in increased output for every technician. Today, the advancement in dental 3D printers offer improved efficiency with respect to time and cost, improved accuracy in comparison to traditional methods, and a high level of predictability of results. Further, it has helped dentists to perform a wide range of procedures with better compliance and ergonomic equipment to treat individuals.
Mohammed Azhar, Senior Research Analyst (Research - Healthcare) at Infoholic Research.
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The present dental market is driven by the rise in the incidence of oral disease. With the increase in the global elderly population, there is going to be an increased demand for different types of 3D dental restoration products. This will give the market a significant impetus in the coming years. For instance, dental implants have already proved its efficacy in treating various oral problems and have become one of the standard treatment methods preferred by dentists and dental surgeons.
The market has significant opportunities to offer high-quality treatments with the availability of a wide range of 3D dental restoration products. The adoption of CAD/CAM in digital dentistry has helped dentists to perform dental procedures with better compliance. The use of ergonomic equipment has enabled them to treat individuals with better and customized solutions. For instance, iCAT and Anatomage InVivo 5 software have helped to reconstruct a 3D image with perfect design and guide dentists to plan, diagnose, and treat the patient. The newer technologies have overcome expensive imaging and fabrication of indirect restoration. One such technology that has been present in the market for over three decades is CEREC by Sirona.
According to Infoholic Research, the Global Dental 3D Printing market is expected to grow at a CAGR of 16.5% during the forecast period 2018–2024, to touch an aggregate of $6,284.7 million by 2024.
On the basis of geographical segmentation, Europe, France, Italy, the UK, and Germany were the leading countries where the highest number of dental procedures were carried out in 2017. North America is the leading region with more than 37.75% of the market share in 2017. The advancement in technology and the anticipated launch of new products is expected to increase the sales in developed countries. In Asia-Pacific region, India and China are the most attractive countries for prominent players to operate. Both these nations hold tremendous business opportunities in terms of revenue and growth. ROW will be an emerging market in the next 5–6 years.
The product areas covered in the report are Dental 3D Services, Dental 3D Software, Dental 3D Materials, and Dental 3D Hardware. The Dental 3D Services segment is the leading contributor accounting for more than 44.21% of the global dental 3D printing market. The manufacturers are trying to focus more on services in addition to developing technically advanced 3D printers and other related products, which will leverage the dental market. In the developed countries the service cost is expensive and many countries such as the U.S., Canada, Germany, and the UK have a lack of dental insurance. The increased adoption of customized dentistry has generated an increased demand for dental restoration procedures. This rise in the application of dental implants is expected to create a high demand for dental prosthetics and other related products in the market in the coming years.
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The dental industry is attaining momentous transformation in the 3D printing industry and has a wide range of products that can be developed, manufactured, and marketed. There are five different 3D printing technologies that are used in dental industry.
- Digital Light Projection (DLP) – the printed material is cured using LED light source that is dependent on the printer model.
- Stereo-Lithography Apparatus (SLA) – this technology is used for thickness variation in the layer produced during the process
- Selective Laser Sintering – this technique involves a high-power laser (CO2 laser) to fuse metal, ceramic, glass, or plastic into a product, which has the desired 3D shape.
- Direct Laser Metal Sintering (DLMS) – this technology is available only for printing non-precious metals and recently has developed its own techniques and materials for the EOS machine that allows both metal copings and non-precious metals.
- Jet (PolyJet/ProJet) 3D printing – this is more sophisticated and is popularly known as the inkjet printer. In this technique, a resin or wax is jetted onto a single layer instead of ink. 3D Systems and Stratasys use a light source to harden the wax or resin when each layer of jetting is done.
These technologies have a variety of models manufactured that are customized and can be used according to the users’ need. Additive manufacturing technology has enabled manufacturers to send sample parts if an STL file is received.
“Dental 3D printing market is growing at a rapid pace due to digitalization of dental workflow to eliminate discomfort and reduce fabrication time, resulting in increased output for every technician. Today, the advancement in dental 3D printers offer improved efficiency with respect to time and cost, improved accuracy in comparison to traditional methods, and a high level of predictability of results. Further, it has helped dentists to perform a wide range of procedures with better compliance and ergonomic equipment to treat individuals.” - Mohammed Azhar, Senior Research Analyst (Research – Healthcare) at Infoholic Research.
Further, the report aims to cover the below points:
- An in-depth analysis of the key business opportunities in countries and verticals
- Complete details about the various types of dental 3D printing
- Complete details of the dental 3D printing trends
- Analysis of the top players in the market
- Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
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Source: Infoholic Research LLP