Dental CAD/CAM Global Market – Overview
The Global Dental CAD/CAM Market is growing with the rapid pace; mainly due to the advent Technologies. According to a recent study report published by the Market Research Future, The global market of Dental CAD/CAM is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2027). The Dental CAD/CAM global market and is expected to reach $3.33 billion by 2027 with the rate of about 8.1% from 2016 to 2027.
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There has been a tremendous growth in the adoption rate of the CAD/CAM systems in the field of dental science. Due to the benefits offered by the dental CAD/CAM systems such as high precision, enhanced speed of the process of restorations, there has been huge demand for dental CAD/CAM in the dental laboratories as well as dental clinics and it has a high importance in the market. People are now more aware about the aesthetic value of the teeth, and are willing to spend a good sum of money for the dental replacements and fixtures using implants and prosthetics. Due to this, there has been growth in the dental cosmetic surgeries ultimately helping in boosting the revenues in the dental CAD/CAM market.
On the other hand, the initial investment in the dental CAD/CAM systems are around USD 60,000+. These complicated systems need regular maintenance in order to work efficiently where the maintenance cost is also way too high. Burden of this high costs compels small scale dentists to make crunching calculations on potential return of investments. Small capital and high cost raises the affordability issues for the dentists. This factor can hamper the growth of the dental CAD/CAM market.
A key trend that is predicted to induce the market growth is the wide use of intra-oral scanners and open architecture solutions. It has been noted that most dental CAd/CAM system manufacturers are shifting toward open architecture as the software can be used in collaboration with any milling unit. Nowadays, most dentists use highly advanced intra-oral scanners to take impressions of the teeth at high speed. The imprint is then modified by the technician, who then sends it to a laboratory for milling. Since there are a large variety of intra-oral scanners in the market, most scanner manufacturers are providing open-architecture software to offer users the freedom to choose their milling centres.
There are dental service organizations which enable dentists to invest in the new technologies and help dentists to incorporate these technologies into practice. The growth in the DSOs has been crucial in driving the dental CAD/CAM market. Dentists are now using variety of dental materials for the restorations. The materials are used according to the type of restoration, cost of the material, patient budget and durability of the material. The variety in the material and its affordability has lead people to undergo restoration procedures.
Form past few years, Computer-Aided Design and Computer-Aided Manufacturing (CAD/CAM) have been adopted by dental practices. This has resulted in more accurate restoration with higher productivity as compared to dental lab restorations. Patient satisfaction level has increased simply because the tooth gets repaired in a single day and there is no need for repetitive dental appointments. CAD/CAM dentistry technology is helping patients and dentists since both are getting productive results faster.
Dental CAD/CAM Global Market – Competitive Analysis
Characterized by the presence of several major well-established players, the global Market of Dental CAD/CAM appears to be highly competitive. Players operating in the global Dental CAD/CAM markets are focusing upon optimized situational awareness for customers and ensure their mission success. Well established players increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. These players possess state of art developing labs for CAD/CAM and strong sales and distribution network which have helped them to gain leadership position in the market. An ever-increasing emphasis has been observed among dental industry marketers on inbound lead generation over branding-oriented efforts.
Dental CAD/CAM Global Market – Segmentation
The Dental CAD/CAM Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Type of Product : Comprises In-Lab system, In-office system and other.
Segmentation By Application : Comprises Crowns, Dentures, Bridges, Veneers & Inlays/Onlays and other.
Segmentation By Component : Comprises Equipment, and CAD/CAM among others.
Segmentation By End User : Comprises Dental Laboratory, Dental Clinic, Research/Academic institute among other.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Segment Equipment holds the largest share of 89% of the market.
Dental CAD/CAM Global Market – Regional Analysis
Europe has the largest share in the growth of dental market considering a substantial share of dental CAD/CAM market and is expected to reach astronomical amounts by the end of 2027. Globally Europe is the largest market for dental CAD/CAM. North America is the second-largest market. Furthermore Asia pacific market is expected to be the fastest growing market for dental CAD/CAM and expected to grow at a considerable the rate during the forecast period.
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