Growing demand for cosmetic dentistry and enhanced patient experience provided by application of 3D printing is expected to propel the growth of the dental 3D printing market

Dental 3D Printing Market by Type [Equipment, Materials and Services], Technology [VAT Photo-Polymerization, Fused Deposition Modeling, Selective Laser Sintering, and Polyjet Technology], Application [Orthodontics, Prosthodontics, and Implantology], End User [Hospitals and Dental Labs & Clinics] – Global Outlook & Forecast 2021-2031

According to the deep-dive market assessment study conducted by Growth+ Reports, the global dental 3D printing market was pegged at ~US$ 1.95 billion in 2020. The market is expected to witness a CAGR of ~30.1% from 2021 to 2031. 

Increasing incidence of dental disorders coupled with the growing geriatric population, increasing demand for cosmetic dentistry, launch of advanced 3D technologies & materials, and growing popularity of CAD/CAM technology are some of the pivotal factors propelling the growth of the dental 3D printing market. However, the high cost coupled with the limited coverage for dental treatments are likely to restrain the market growth to a certain extent.

Government bodies and numerous organizations across the globe are implementing several initiatives to fast-track the development of 3D printing technology by providing the necessary funding, grants, permissions, clearances and approvals. For instance, in September 2020, LightForce closed a US$ 14 million Series B round for 3D printed orthodontics led by Tyche Partners with follow-on investment from Matrix Partners and AM Ventures. This brought total fund raising for the company up to $20.5 million.

According to Global Burden of Disease Study 2017, ~3.5 billion people worldwide are affected by oral diseases and dental caries of the permanent teeth is considered as the most common condition. Globally, it is estimated that 2.3 billion people suffer from caries of permanent teeth and more than 530 million children suffer from caries of primary teeth. Around 60–90% of school children suffers from tooth decay, whereas, 30% of people aged between 65–74 years have no natural teeth. Therefore, the high incidence of dental problems is expected to boost the market growth.

Computer-aided design and computer-aided manufacturing are being widely used in the dental industry. It has made creation of dental restorations a lot easier. It is known for its precision in producing tools, while its accuracy in making dental restorations is shaping the industry. The technology has helped dentists to provide high-quality dental services to their patients. Benefits of CAD and CAM over traditional practices is expected to improve dental practice and make treatments very comfortable for patients, which in turn will drive the growth of the market.

According to FDI World Dental Federation, dental caries is the fourth most expensive oral disease to treat and consumes 5–10% of healthcare budgets in industrialized countries. According to WHO, dental treatment accounts for 5% of total health expenditure and 20% of out-of-pocket health expenditure. Therefore, out of pocket expenses for most of the dental care services, with very limited influence of private/public insurance companies is considered as a huge barrier to access dental care, thereby hampering the growth of the market.

The Asia Pacific region is projected to be the fastest growing dental 3D printing market. The high growth of region can mainly be attributed to its developing dental healthcare infrastructure, rapidly developing economies, and growth in the private dental care sector. Countries such as India, China, and Japan in the APAC region, are projected to offer significant growth opportunities owing to large geriatric population base and the presence of huge patient population.

Some of the prominent players operating in the dental 3D printing market are 3D Systems, Inc., Formlabs, Renishaw Plc., Stratasys Ltd., EnvisionTEC, DWS, Prodways Technologies, SLM Solutions, Carbon, Inc., and Dentsply Sirona, among others.

awards awards key differentiators

Reach Us

enquire@growthplusreports.com

Web –  www.growthplusreports.com