Dental CAD/CAM Global Market Highlights
The global dental CAD/CAM market has been evaluated as rapidly growing market and expected that the market will reach high growth figures. There has been a tremendous growth in the adoption rate of the CAD/CAM systems in the field of dental science. Due to the benefits offered by the dental CAD/CAM systems such as high precision, enhanced speed of the process of restorations, there has been huge demand for dental CAD/CAM in the dental laboratories as well as dental clinics and it has a high importance in the market. People are now more aware about the aesthetic value of the teeth, and are willing to spend a good sum of money for the dental replacements and fixtures using implants and prosthetics. Due to this, there has be growth in the dental cosmetic surgeries ultimately helping in boosting the revenues in the dental CAD/CAM market. The cosmetic dentistry market value is estimated to surpass $20 billion mark by the year 2022.
There are dental service organizations which enable dentists to invest in the new technologies and help dentists incorporated these technologies into practice. The growth in the DSOs has been crucial in driving the dental CAD/CAM market. Dentists are now using variety of dental materials for the restorations. The materials are used according to the type of restoration, cost of the material, patient budget and durability of the material. The variety in the material and it’s affordability has lead people to undergo restoration procedures.
On the other hand, the initial investment in the dental CAD/CAM systems are around USD 60,000+. These complicated systems need regular maintenance in order to work efficiently where the maintenance cost is also way too high. Burden of this high costs compels small scale dentists to make crunching calculations on potential return of investments. Small capital and high cost raises the affordability issues for the dentists. This factor can hamper the growth of the dental CAD/CAM market.
Regional Analysis:
Depending on geographic region, dental CAD/CAM market is segmented into four key regions: North America, Europe, Asia Pacific, and Middle East & Africa. Globally Europe is the largest market for dental CAD/CAM. The Europe market for dental CAD/CAM is expected to reach at USD 1.45 Billion by the end of the forecasted period. North America is the second-largest market for dental CAD/CAM which is expected to grow at a CAGR of 8.3%. Asia pacific region is expected to be fastest growing region in dental CAD/CAM market.
Dental CAD/CAM Global Market - Competitive Analysis
Characterized by the presence of several major well-established players, the global Market of Dental CAD/CAM appears to be highly competitive. Players operating in the global Dental CAD/CAM markets are focusing upon optimized situational awareness for customers and ensure their mission success. Well established players increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. These players possess state of art developing labs for CAD/CAM and strong sales and distribution network which have helped them to gain leadership position in the market. An ever-increasing emphasis has been observed among dental industry marketers on inbound lead generation over branding-oriented efforts.
Dental CAD/CAM Global Market - Segmentation
The Dental CAD/CAM Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Type of Product : Comprises In-Lab system, In-office system and other.
Segmentation By Application : Comprises Crowns, Dentures, Bridges, Veneers & Inlays/Onlays and other.
Segmentation By Component : Comprises Equipment, and CAD/CAM among others.
Segmentation By End User : Comprises Dental Laboratory, Dental Clinic, Research/Academic institute among other.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Segment Equipment holds the largest share of 89% of the market.
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