In current scenario of the dental industry, there is demand for fast production of highly customized dental products. Since, the 3D printing is a well-established option for faster production of the customized parts, easy to use, highly accurate, and cost effective 3D printing solution are being increasingly preferred over the milling-based methods. The technology advancements in hardware, materials, and the software are driving the adoption of dental 3D printing & scanning equipment.
How much is the Dental 3D Printing Market worth?
The Global Dental 3D Printing Market is projected to reach USD 5.06 billion by 2023 from an estimated USD 1.78 billion in 2018, at a CAGR of 23.2%. The key factors driving the growth of this market include high incidence of dental caries and other dental diseases, rising demand for cosmetic dentistry, adoption of dental 3D printers in hospitals and clinics, rapid growth in the geriatric population and its association with the rising prevalence of edentulism, and increasing disposable income in developing countries.
North America is expected to register the highest growth rate during the forecast period mainly due to the rising incidence of dental caries and tooth loss associated with the aging population, growing Oral Care expenditure, technological advancement, increasing demand of cosmetic energy, and rising popularity of digital dentistry. Asia Pacific region is expected to grow at a higher CAGR during the forecast period.
By technology, the vat photopolymerization segment accounted for the largest share of this market in 2017
On the basis of technology, this market is segmented into vat photopolymerization, fused deposition modeling, selective laser sintering, polyjet technology, and other technologies.
The vat photopolymerization segment accounted for the largest share of the global dental 3D printing market. The high precision and accuracy of this technique is primarily attributed to the large share of this segment.
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By application, the prosthodontics segment held the largest share of the dental 3D printing market in 2017
Based on application, this market is segmented into prosthodontics, endodontics, and implantology. The prosthodontics segment accounted for the largest share in this market.
The large share of this 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.
North America is expected to dominate the Dental 3D Printing market in 2017
Geographically, the global dental 3D printing market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds the largest share of this market in 2017. Asia Pacific region is expected to grow at a higher CAGR during the forecast period.
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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).