Dental 3D Printing Market Trends Shows Descent During the Forecast Period
Dental 3D Printing Market Scope
Market Research Future (MRFR) studied that the Dental 3D Printing Market trends report has valued the industry size at USD 2.7 billion in 2022. The Dental 3D Printing market is projected to grow from USD 3.12 Billion in 2023 to USD 7.45 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.61% during the forecast period (2023 - 2030).
Market Drivers and Restrains
The rise in cases of dental caries and other oral problems is creating the need for robust oral care technologies for their non-invasive and convenient management. The introduction of dental 3D printing to customized designs for various types of dental products, such as; crown, dental implants, bridges, and dental braces, that are observed to have high demand can favor the market. 3D dental printing combines CAD/CAM technology, designing, oral scanning, and 3D printing solutions to offer solution for dental issues. The surge in demand for cosmetic dentistry and expansion of geriatric population indicating the surge in adoption of dental 3D printers across the growing number of clinics and hospitals can support the market upsurge. On the contrary, unfavorable reimbursement scenario and problems concerning stringent government regulation for the approval of new 3D printing equipment are causes that are expected to hamper the worldwide dental 3D printing market in the assessment period. In addition, the global dental 3D printing market growth can also be attributed to new launches, such as; dental 3D Printing solution for orthodontics, and strategic engagement of key players to gain global recognition Dental 3D Printing Solution for orthodontics.
Market Segmentation
The segment evaluation of the global dental 3D printing market is based on application, product and service, end-user, and technology.
The product and service-based segments of the dental 3D printing market are services, equipment, and materials. The equipment segment is studied for Dental 3D printers and dental 3D scanners. The materials segment studies plastic and metal. The material segment is anticipated to earn high revenue owing the easily availability of affordable feed stock in the market. The drop in labor cost and the introduction of robust extraction technologies can prompt the dental 3D printing market in the years to come.
The technology-based segments of the dental 3D printing market are polyjet technology, vat Photopolymerization, selective laser sintering, and fused deposition modeling among other technologies. The vat Photopolymerization segment studies digital light processing and stereolithography. The vat photopolymerization segment is expected to hold decent share of the market due to the increasing utility of the product. The increase in application of stereolithography can favor the dental 3D printing market.
The application-based segments of dental 3D prinitng market are implantology, prosthodontics, orthodontics. The orthodontic segment of the market is likely to garner substantial turnover due to their upscaling demand. The increase in the adoption of implantology due to rapid expansion of cosmetic industry can prompt the market upsurge.
The end-user-based segments of the dental 3D printing market are dental academic and research institutes,dental laboratories, and dental hospitals and clinics. Rise in number of dental laboratories due to surge in R&D undertakings can positively impact the market. The surge in the adoption of dental 3D prinitng by numerous dental clinics and hospitals can prompt the market growth in the near future.
Regional Analysis
The Americas is expected to dominate the worldwide dental 3D printing market along the forecast tenure. The surge in demand for cosmetic dentistry and hike in oral care expenditure are factors that can drive the dental 3D prinitng market in the Americas that is likely to be spearheaded by North America. The increasing popularity of digital dentistry among the US citizens can add to the market rise in the Americas. In addition, the growing cases of tooth loss due to dental caries that is mostly associated with the expanding aging population can support the market in the Americas. In Europe, the dental 3D prinitng market is expected to surge owing to increase in government support and funding to develop effective healthcare sector. In Asia Pacific, the expansion of the dental 3D printing market can be attributed to the favorable government initiatives to improve healthcare facilities and growing demand for effective oral care solutions.
Key Players
EnvisionTEC, Inc., EOS GmbH Electro Optical Systems,Stratasys Ltd., DWS Systems, 3D Systems, Inc., Renishaw Plc., Formlabs, Prodways group, Carbon, Inc., SLM Solutions Group, Concept Laser GmbH, Roland DG, Rapid Shape GmbH, and Asiga are some prominent companies that are mentioned in the global dental 3D printing market share report.
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