According to the report, the global dental 3D printings market was valued at US$ 1.4 Bn in 2018 and is anticipated to expand at a CAGR of 14.5% from 2019 to 2027
- According to Transparency Market Research’s latest report on the global dental 3D printing market for the historical period 2017–2018 and forecast period 2019–2027, advent of new technology, growing demand for dental care, increasing popularity in digital dentistry, and reduction in development cost and time are the key factors projected to drive the global dental 3D printings market during the forecast period
- According to the report, the global dental 3D printings market was valued at US$ 1.4 Bn in 2018 and is anticipated to expand at a CAGR of 14.5% from 2019 to 2027
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Rise in Prevalence of Dental Diseases to Promote Usage of Dental 3D Printing: Key Drivers
- Rise in prevalence of dental diseases such as tooth loss, decay, malocclusion and periodontal diseases across the globe and increase in focus on esthetics have fueled the demand for dental implants, crowns & bridges, dentures
- Development of new software and advances in technology allows dentists to deliver fast, smooth, accurate dental models with improved efficiency and offers seamless dental 3D printing workflow. Thus, technological advancement is a vital driver of the dental 3D printing market.
- New technologies are able to efficiently create dental products of high quality using minimal resources and limited labor hours
- In April 2019, Formlabs, Inc. announced the launch of two new advanced professional Low Force Stereolithography (LFS)- based 3D printers - Form 3 and Form 3L
- In February 2018, 3D Systems, Inc. launched NextDent 5100, a Figure 4-based SLA 3D printer specifically designed for dental labs; and FabPro 1000, a low cost, high productivity DLP-based 3D printer used for dental applications
- All these factors are anticipated to boost the growth of the dental 3D printing market during the forecast period.
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Growing Demand for Dental Care Boost Market Growth
- The increasing awareness about dental health care and high incidence of dental problems create a huge demand for dental care services. In developed regions, insurance companies are providing coverage for dental treatments
- Unhealthy food habits in children, concerns regarding aesthetics among the youth, and the aging population lead to increased demand for dental care
- For instance, according to the American College of Prosthodontists (ACP), currently, 23 million people in the U.S. are completely edentulous and another 12 million are edentulous in one arch
- According to Centers for Disease Control and Prevention, in 2014,, 83% of children aged 2--17, 62% of adults aged 18-64 and 62.4% adults aged 65 and above had dental visits throughout the year
- This is expected to drive demand for dental implants, crowns & bridges, which, in turn will fuel the need for dental care in the coming years
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High Cost of Dental 3D Printers, Material and Software to Hamper Market
- Demand for efficient 3D printers is increasing owing to rapid technological advancements. Several 3D printer manufacturers are making significant investments in the research and development of innovative technology
- The adoption of new technologies often requires higher capital investments which includes registration of patents and regulatory approvals. This prompts manufacturers to increase the overall cost of 3D printers
- For instance, the novel NextDent 5100 and FabPro 1000 launched by 3D Systems, Inc. is priced at US$ 10,000 and US$ 5,000
- The material used in dental 3D printers such as metal and polymer is expensive. Additionally, massive capital investment is needed to process the material into its final form which can be used for printing
- Furthermore, the high cost of the software used in dental 3D printing leads to the overall technology being expensive, which is anticipated to be a major restraint for the dental 3D printing market
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Global Dental 3D Printers Market: Competitive Landscape
- This report profiles major players in the global dental 3D printers market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
- The global dental 3D printers market is highly fragmented, with the presence of a number of international as well as regional players
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