Product ID: SQMIG35A2181
Report ID:
SQMIG35A2181 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
124 |
Figures:
77
Global Dental 3D Printing Market size was valued at USD 2.37 billion in 2022 and is poised to grow from USD 2.84 billion in 2023 to USD 12.06 billion by 2031, growing at a CAGR of 19.8% during the forecast period (2024-2031).
Many issues in dental industry have paved the way for this dynamic growth, including the efforts to improve the quality of chairside appointments, the focus on patient's and dentist safety, among others. In the third quarter, 3D Systems, a leader in dental devices for more than 30 years, had double-digit growth compared to 2020 results. Healthcare revenue registered an increase of 28.3% to USD 76.4 million year on year. In total, including divestitures, healthcare revenue grew by 44.5% year over year due to high demand for both the printers and materials from the dental applications. Materialize is another company that is on the rise.
The Belgium-based Company enjoyed an impressive revenue growth in 2021. The revenue for its medical segment grew by 10.2% and that of its manufacturing segment increased by a massive 62.0%. To mention some of the company's key focus areas. On the other hand, Stratasys, the leading 3D-printing company for the healthcare, consumer goods, and many other sectors, saw a 24.3% revenue growth and a 34.7% growth in the production of systems in comparison to last year. Revenue jumped from USD 127.9 million in 2020 to USD 159.0 million in 2021, as disclosed in the firm's third-quarter report. This contribution was from all regions including all business lines. In the field of dentistry, technology acts as accelerator of innovation and growth.
This is even more evident in digital dentistry. While not everyone has accepted this technological change, most dental professionals believe that transitioning to digital is the only way forward. To begin with, the benefits of 3D printing in dentistry are plentiful. Through these dental systems can be always up to date and more economical in comparison with analogous methods. Dentistry is a field that undergoes constant changes with frequent software updates, new dental materials launches and evolution of dental applications.
For instance, In February 2022, Nobio launched a new line of restorative materials called infinix - advanced antimicrobial materials targeted to fighting recurrent decay. Further, in the fierce competition between advanced restorative materials in November 2019, Apex Dental Materials presented RE-GEN, the platform of bioactive materials that was composed of a Flowable Composite, Bulk Fill & Resin Cement, Pit & Fissure Sealant, the first Bioactive Universal & Self-Etch Adhesives in the world.
Moreover, application of 3D printing enables to accelerate practice productivity and cuts out the chair time for a patient dramatically. On the contrary, it is a great solution because it offers tool for customization of the product. Moreover, there is a possibility of getting the models of the utmost quality and high accuracy with the three-dimensional prints. In today's modern world, dental professionals might be making their in-house occlusal splints and other dental models in just a day, and once it was unthinkable. It is both revenue gainer and matches the paying power of the low-income group patient.
Dental 3D printing materials are also in the process of development that results in a growing number of applications. The technology may be easily implemented in the dental practices or lab’s workflow.
In this market, factors such as an increase in global dental decay and the need to eradicate it also play an important role. According to an article published in July 2019 titled "Oral Illnesses: "Dental Diseases Have Always Been a Global Public Health Problem", oral diseases registered as the most common diseases in the world, leading to both health and economic consequences as well as affected quality of life. The most prevalent oral conditions, such as dental caries (tooth decay), periodontal disease, teeth loss and malignancies of the lips and oral cavity, are among the most serious oral diseases on the international level. Moreover, as per the World Health Organization (WHO), data updated in March 2020 showed that more than 3.5 billion people suffer from some kind of oral disease worldwide, and severe periodontal (gum) disease, which can lead to tooth loss, likewise affects many people all over the world.
US Dental 3D Printing Market is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG35A2181