USD 2.57 billion
Report ID:
SQMIG35A2195 |
Region:
Global |
Published Date: July, 2024
Pages:
219
|Tables:
59
|Figures:
78
Global Dental CAD/CAM Systems and Consumables Market size was valued at USD 2.57 billion in 2022 and is poised to grow from USD 2.8 billion in 2023 to USD 5.54 billion by 2031, growing at a CAGR of 8.9% during the forecast period (2024-2031).
Computer-aided design and computer-aided manufacturing (CAD/CAM) are used in digital dentistry to design dental prosthetics and restorations. CAD system is used for design documentation and CAM system is used for model and assembly creation in CAD software to print 3D models. By speeding up the design and manufacturing process, as well as improving the consistency and ease of design, construction and insertion processes, CAD/CAM is a useful complement to earlier technologies used in dental treatment. With this technique, restorations that were previously impossible are now being achieved. Keeping renovation costs down and reducing unit costs is also a priority. According to national centre for health statistics, 2019 reported that 65% of adult ages between 20 to 64 suffered from dental caries. The rise in incident of tooth loss, growth in toothless population, advantages of dental CAD/CAM based restorations, technological advancement in dental CAD/CAM systems, growth in dental service organizations and increasing demand of advanced dental solutions are the key factors that driving the growth of global CAD/CAM systems and consumables market.
Dental CAD/CAM technology is rapidly evolving with improvements in ceramic restore fabrication. Advances in dental procedures and materials are providing dental professionals with efficient options for treatment. These technologies have been efficiently used into dental procedures as they increase the convenience, simplicity, insertion and fabrication processes that enable easy restorations. These factors are responsible for global dental CAD/CAM systems and consumables market growth. Also, increase in the number of dental clinics integrated with CAD/CAM technology will drive the market expansion. However, CAD/CAM technologies are expensive which will hamper the market growth.
US Dental CAD/CAM Systems and Consumables Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.57 billion
Largest Segment
Equipment
Fastest Growth
Equipment
Growth Rate
8.9% CAGR
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Global CAD/CAM systems and consumables market segmentation is based on product type, end-users and region. On the basis of product type, global CAD/CAM systems and consumable market is segmented into equipment and software. On the basis of end users global CAD/CAM systems and consumable market is segmented into hospitals & clinics and dental laboratories. On the basis of region, global CAD/CAM systems and consumable market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Dental CAD/CAM Systems and Consumables Market Analysis by Product Type
On the basis of product type, global CAD/CAM systems and consumable market is segmented into equipment and software. Equipment segment dominated global CAD/CAM systems and consumable market in 2022 and is expected to grow at significant CAGR during forecast period. The increasing demand for digital dentistry is one of the main factor for dominance of segment. CAD/CAM systems enable digital veneering workflows and automate manufacturing processes and dental restoration quality standardization. Growing elderly population, increasing concern among people about their oral health and increase in the incidence of dental caries are factors contributing to the growth of the segment.
Also, software segment is expected to grow at a higher growth rate during forecast period. This is due to increasing investment by key players in research and development of premium software with better feature of CAD/CAM system.
Dental CAD/CAM Systems and Consumables Market Analysis by End Users
On the basis of end user, global CAD/CAM systems and consumable market is segmented into hospitals & clinics and dental laboratories. The hospitals and clinics segment held the largest dental CAD/CAM systems and consumables market share in 2022 and expected to grow at significant CAGR during forecast period. Solo practices in hospital and clinics, consolidation of dental clinics in developed countries and higher no. of dentist working on dental service organizations are key factors that driving the growth of this segment in market. Dental laboratories segment is grow at slower growth rate due to growing preference for dental hospitals and clinics among the patients.
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On the basis of region, global CAD/CAM systems and consumable market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA. Europe dominated the global CAD/CAM systems and consumables market, with the Germany contributing a major share. Growing digitalization in dental field, presence of strong key market players and favourable reimbursement policies are key factors responsible for growth of market. According to data published by ottonovo, dental check-ups, filling, implants services covered by medicare for up to 100% in Germany depending upon treatment and patient age. Intraoral scanner is example of cutting-edge technology that numerous European nations are acquiring.
Asia Pacific is expected to grow at highest rate during forecast period. Increasing initiative taken by government and other public organizations for rising awareness about oral health is one of major region for significant growth in this region. Also, increasing no. of dental clinics, Integration into countries like China, India and Japan and technologically advanced digital dentistry solutions boost the market growth. Analysts have predicted that the Asia-Pacific region will be the fastest growing region due to the continuous progress in developing countries such as India and China.
Both the Middle East and Africa are important submarkets of dental CAD/CAM industry. The high market share in this region can be attributed to factors such as the region's developed infrastructure, its increased expenditure on healthcare, and per capita disposable income.
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Dental CAD/CAM Systems and Consumables Market Driver
Increase in dental procedure cases and increasing prevalence of dental diseases will drive the market growth during the forecast period.
The advantages of gamma radiation in detection techniques using X-rays are helping to increase patient acceptance and use by surgeons and increase the demand for CAD/CAM dental equipment among healthcare providers.
According to national centre for health statistics, 2019 reported that 65% of adult ages between 20 to 64 suffered from dental caries. As the Increasing oral diseases and aging population increases globally, the demand for dental procedures will grow and fuel the global CAD/CAM systems and consumables market.
Dental CAD/CAM Systems and Consumables Market Restraint
The cost of dental appliances is increasing rapidly. Consumers are more attracted to low cost products. Gray market dental CAD/CAM products either exceed their expiration date or fail to maintain industry standards; both of these factors will increases risk to the patient.
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Global CAD/CAM system and consumable market is relatively fragmented, with a high level of competition. The key market players are constantly adopting various growth strategies to stay in the market. Product launches, mergers & acquisitions, collaborations & partnerships are some of the growth strategies that are adopted by these key players to grow in the competitive market. Strategic partnerships between Key players support the growth and expansion of the key market during the forecast period.
Dental CAD/CAM Systems and Consumables Market Top Player's Company Profiles
Dental CAD/CAM Systems and Consumables Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global CAD/CAM systems and consumable market analysis, by product type, the equipment segment held the largest share in the global market and is expected to grow at significant CAGR during forecast period. Based on end user, global market is segmented into hospitals & clinics and dental laboratories. The hospitals and clinics segment held the largest market share in 2022. Growing elderly population, increasing concern among people about their oral health and increase in the incidence of dental caries are factors contributing to the growth of the market. By region, Europe is the leading the global market, with the Germany contributing a major share.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.57 billion |
Market size value in 2031 | USD 5.54 billion |
Growth Rate | 8.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Dental CAD/CAM Systems and Consumables Market Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Dental CAD/CAM Systems and Consumables Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dental CAD/CAM Systems and Consumables Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dental CAD/CAM Systems and Consumables Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dental CAD/CAM Systems and Consumables Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2195
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