PUBLISHER: Orion Market Research | PRODUCT CODE: 1327649
PUBLISHER: Orion Market Research | PRODUCT CODE: 1327649
Title: Global Dental 3D Printing Market Size, Share & Trends Analysis Report by Technology (VAT Photopolymerization, Fused Deposition, Model Selective Laser Sintering (SLS), and Polyjet Printing), by Application (Prosthodontics, Orthodontics, and Implantology), and by End-User (Dental Laboratories, Dental Hospitals & Clinics, and Dental Academic & Research Institutes),Forecast Period (2023-2030).
The global dental 3D printing market is anticipated to grow at a CAGR of 29.9% during the forecast period (2023-2030). The market's growth is attributed to the growing integration of advanced digital technologies such as artificial intelligence (AI), machine learning (ML), 3D printing, and others in several industries including healthcare and others. The printing speed, resolution, and material selections have all improved as a result of the ongoing developments in 3D printing technology. The result has increased the usability and dependability of dental 3D printing, compelling dental practitioners to utilize the technology. Accordingly market players are coming up with new products to cater the demand for printers. For instance, in March 2023, 3D Systems announced a new printer platform and new material to enhance the array of digital dentistry portfolios. Their latest printer, the NextDent LCD1, is a small, accessible piece of equipment that produces results of the highest caliber. With auto-calibration and LCD technology, the printer can print three times faster and with a significantly improved surface quality than stereolithography (SLA) printers.
The global dental 3D printing market is segmented on the transaction mode, advertisement format, and industry verticals. Based on the technology, the market is sub-segmented into vat photopolymerization, stereolithography, digital light processing, LCD, fused deposition, model selective laser sintering (SLS), and polyjet printing. Based on the applications, the market is sub-segmented into prosthodontics, orthodontics, and implantology. Further, on the basis of end-users, the market is sub-segmented into dental laboratories, dental hospitals & clinics, and dental academic & research institutes. Among the applications, the orthodontics sub-segment is anticipated to hold a considerable share of the market owing to the consistent issue of teeth gapping and misalignment.
Among the end-users, the dental academic & research institutes sub-segment is expected to hold a considerable share of the global dental 3D printing market. The segmental growth is attributed to the growing establishment of dental academy and institutes with advanced and latest technology equipped software and solutions. For instance, in June 2022, Formlabs launched a Formlabs Dental Academy, a new teaching platform featuring online and offline courses, step-by-step guides, webinars, and other resources has been created to advance 3D printing in dentistry. The platform offers both free and paid courses that dental professionals, including clinicians, orthodontists, and lab technicians, can employ to successfully learn and integrate 3D printing technology into their business.
The global dental 3D printing market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific region is anticipated to hold a prominent share of the market across the globe. The primary factor supporting the regional growth includes the considerable rise in dental diseases. According to the World Health Organization, as of October 2022, around 900 million cases of dental caries =, severe periodontal diseases in South-East Asia region.
Among all regions, the North America is anticipated to grow at a significant CAGR over the forecast period. The regional market growth is attributed to integration and proliferation of digital dentistry across the region. Digital processes in dental practices have grown more popular over the past few years. 3D printing of ceramic crowns is efficiently been integrated with intra-oral scanning and computer aided design (CAD). Further, there is considerable increase in the adoption of digital technologies such as 3D printing to propel the market. According to an American Dental Association (ADA) Clinical Evaluators Panel Report, published in June 2023, the adoption of 3D printing in dental practices is quite low (17%), however, among those who have adopted the technology, satisfaction is high. The report is based on 277 responses from panel members about their use of 3D printing. Out of which around 68% dentists who are using 3D printers, said they improved their practices' efficiency.
The major companies serving the dental 3D printing market include: Altem Technologies Pvt. Ltd., DENTSPLY SIRONA Inc., Desktop Metal, Inc., EnvisionTEC, Formlabs Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2023, Desktop Metal, Inc. and Stratasys Ltd. merged through signing an agreement. Merger aims to combine Stratasys' polymer strengths with Desktop Metal's brands' balancing industrial mass production.