September 27, 2023 08:56 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Global dental CAD/CAM market size was valued at USD 2.22 billion in 2022 and market is projected to grow USD 4.92 billion by 2030, exhibiting a CAGR of 9.3% during forecast period. The increasing prevalence of dental diseases and rising awareness regarding latest technologies to design dental prostheses propel the market growth. Gum
Fortune Business Insights™ mentioned this in a report titled “Dental CAD/CAM Market, 2023-2030.”
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September 2022 – 3Shape A/S launched the TRIOS 5 Wireless, a new intraoral scanner integrated with ScanAssist intelligent alignment technology for faster and smoother scanning. The new scanner provides high imaging and prevents infection.
List of Key Players Present in the Report:
“Companies leading the global Dental CAD/CAM market are Align Technology, Inc. (U.S.), Dentsply Sirona (U.S.), Axsys Dental Solutions (U.S.), Medit Corp. (South Korea), Institut Straumann AG (Switzerland), PLANMECA OY (Finland), 3Shape A/S (Denmark), YENADENT (Turkey)”
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Increasing Concern of Oral Health to Boost Equipment Segment Growth
By product, the market is segmented into equipment (milling machines, scanners, and others) and software. The equipment segment dominated the market in 2022, owing to increasing concerns of people related to their oral health and rising demand from the digital dentistry.
Increasing Demand for Chair-side Dental CAD/CAM Systems to Boost Segment Growth
By type, the market is segmented into chair-side, and laboratory. The chair-side segment dominated the market share in 2022. The growth is attributed to the increasing demand for various chair-side CAD/CAM systems worldwide.
Growing Number of Dentists in Hospitals and Clinics to Propel Dental Hospitals & Clinics Segment Growth
By end-user, the market is divided into dental hospitals & clinics, dental laboratories, and others. The dental hospitals & clinics segment held the largest market share in 2022. The growth is attributed to the rising number of dentists working in hospitals, clinics, and dental service organizations.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Number of Aesthetic Dentistry Patients to Aid Market Growth
There is a significant rise in the number of patients opting for a wide range of aesthetic dentistry, which further increases precise intraoral scanners demand to boost market growth during the forecast period. This has increased the adoption of advanced CAD/CAM scanners and associated instruments by most healthcare professionals. The growing launch of advanced intraoral scanners by major market players increased these devices' adoption rate, further aiding market growth.
The high initial cost of dental equipment and software may hamper the market growth during the forecast period.
Rising Digitalization in Dental Field to Boost Market Growth in North America
The North America market size accounted for USD 0.82 billion in 2022. The growth is attributed to increasing digitalization in the dental field, favorable reimbursement policies, and large presence of major market players across North America.
Europe is estimated to hold the second-largest dental CAD/CAM market share during the forecast period due to continuous growth in the geriatric population and the growing availability of dental restoration insurance coverage in the region.
Growing Key Players’ Focus on Existing CAD/CAM Software to Aid Market Growth
Several dental CAD/CAM players, such as 3Shape A/S, are increasingly focused on the existing CAD/CAM software upgrades to meet customers’ needs and gain popularity to boost market growth during the forecast period. For instance, in December 2021, 3Shape A/S launched 3Shape Dental Systems 2021 with features, including auto case status update time, real-time communications, and others to provide a smooth workflow.
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How big is the dental CAD/CAM market?
Dental CAD/CAM market size was USD 2.22 billion in 2022. It is expected to reach USD 4.92 billion in 2030.
How fast is the dental CAD/CAM market growing?
The dental CAD/CAM market will exhibit a CAGR of 9.3% during the forecast period, 2023-2030.
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