Number of pages: 100 | Report Format: PDF | Published date: June 10, 2021
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023 to 2031
According to the deep-dive market assessment study by Growth Plus Reports, the global dental 3D printing market was valued at US$ 3.2 billion in 2022 and is expected to register a revenue CAGR of 25.5% to reach US$ 24.71 billion by 2031.
Dental 3D printing is a method for creating three dimensional, durable dental models such implants, surgical guides, braces, fake teeth, crowns, and bridges. Dental 3D printing is an additive manufacturing procedure that involves adding consecutive layers of materials that are then altered by a computerized digital file to produce 3D models. As technology has advanced, there has been a surge in interest in 3D printing in the dentistry industry, allowing dental experts to perform dental operations with more accuracy, efficacy, and less trauma to patients.
Increasing incidence of dental disorders coupled with the growing geriatric population, increasing demand for cosmetic dentistry, launch of advanced 3D technologies & materials, and growing popularity of CAD/CAM technology are some of the pivotal factors propelling the growth of the dental 3D printing market.
Government bodies and numerous organizations across the globe are implementing several initiatives to fast-track the development of 3D printing technology by providing the necessary funding, grants, permissions, clearances and approvals. For instance, in September 2020, LightForce closed a US$ 14 million Series B round for 3D printed orthodontics led by Tyche Partners with follow-on investment from Matrix Partners and AM Ventures. This brought total fund raising for the company up to US$ 20.5 million.
Computer-aided design and computer-aided manufacturing are being widely used in the dental industry. It has made creation of dental restorations a lot easier. It is known for its precision in producing tools, while its accuracy in making dental restorations is shaping the industry. Technology has helped dentists to provide high-quality dental services to their patients. The benefits of CAD and CAM over traditional practices are expected to improve dental practice and make treatments very comfortable for patients, which in turn will drive the growth of the market.
Technological developments spur innovation and expansion in the dental field. Particularly in the case of digital dentistry. The benefits of 3D printing in dentistry are numerous, to begin with. It is more economical than analog techniques while also enabling dental practitioners to keep abridged with the latest developments. Software are often updated, new dental materials are being continuously introduced, and dental applications are developing quickly. For instance, in February 2022, Nobio announced the official debut of Infinix, a new range of cutting-edge antimicrobial restorative materials created to combat repeated deterioration. A collection of bioactive materials called RE-GEN was also unveiled by Apex Dental Materials in November 2019. It consists of a flowable composite, bulk fill and resin cement, pit and fissure sealant, and the first-ever bioactive universal and self-etch adhesives.
In recent years, the medical device company has seen a substantial number of market consolidations. Major manufacturers are using their product portfolios through acquisition and partnership methods to extend their business operations globally. The market competition is projected to intensify further as product advancements, product/service expansions, and M&A increase. For example, in December 2021, Stratasys Ltd., an American Israeli manufacturer and a leading developer of polymer 3D printing solutions, unveiled the Stratasys Origin One dentistry, the advanced printer in the company's increasing line of 3D printing solutions for the dentistry sector.
The global dental 3D printing market is analyzed from four perspectives: type, technology, application, end-user, and region.
Dental 3D Printing Market by Type
Based on the types, the global dental 3D printing market is segmented into equipment, materials, and services.
The services segment accounts for the largest market revenue share owing to the large demand for outsourcing dental product design by hospitals and dental clinics. Additionally, the need for dental 3D printing services is being fueled by the growth of dental labs, the increased outsourcing of different manufacturing tasks to dental laboratories, and the rising demand for fabricated/customized dental frame solutions needed for several applications.
Dental 3D Printing Market by Technology
Based on the technologies, the global dental 3D printing technology market is segmented into VAT photo-polymerization, fused deposition modeling, selective laser sintering, polyjet technology, and others (binder jetting, electron beam melting, etc.).
The selective laser sintering segment accounts for the largest revenue share of the market owing to its high precision and accuracy. The selective laser sintering segment captured almost 40% of the global market in 2022. Due to its benefits over competing technologies, including its high level of chemical resistance, biocompatibility, and surface finishing, the market segment is projected to remain dominant over the projection period.
But because of increased R&D expenditures on material jetting, electron beam melting, and binder jetting methods, the other segment is anticipated to grow at the fastest rate throughout the projection period. Due to the accessibility of a large variety of durable, biocompatible, and sterilizable thermoplastics in dentistry, fused deposition modeling (FDM) is becoming more and more popular. FDM is the most popular method for creating intricate shapes and patterns and is also highly cost-effective. This results from the rising rates of edentulism and tooth decay, fueling the segment's expansion.
Dental 3D Printing Market by Application
Based on the applications, the global dental 3D printing market is segmented into orthodontics, prosthodontics, and implantology.
Orthodontics has the largest revenue share of 38% in 2022. The increasing frequency of occurrences of misalignment and gaps in their teeth can be related to the segment's development. Furthermore, nearly 3 million Canadian and American teenagers wear braces, with the steadily increasing number of adults initiating orthodontic treatment. The American Association of Orthodontists (AAO) advises that children see their first orthodontist before age eight. The increased need for orthodontic treatment is propelling the dental 3D printing industry forward. The prosthodontics segment accounts for the fastest revenue growth share of the market owing to technological advancements and the growing prevalence of tooth decay that result in edentulism.
Dental 3D Printing Market by End User
Based on the end user, the dental 3D printing market is segmented into hospitals, dental labs & clinics, and other end users (academics & research centers, and ambulatory care centers).
The dental labs & clinics segment is expected to be the fastest revenue-generating segment in the dental 3D printing market owing to the increasing number of dental clinics in emerging markets, the rising adoption of advanced technologies, and the rising demand for customized/fabricated dental framing solutions.
Dental 3D Printing Market by Region
Based on region, the global dental 3D printing market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The COVID-19 pandemic has had a tremendous impact on the dental profession from the initial closure in March 2020 until the present day. According to an article released in February 2021 titled "The Biggest Impact of COVID-19 on Dentistry," the biggest impact of the pandemic on dental clinics in Canada has been a decrease in income. Revenue lost the greatest since dentists were unable to practice during the initial shutdown. Furthermore, the COVID-19 pandemic has significantly influenced the healthcare system, including the dentistry sector, according to another article released in September 2020, "A New Study Explores COVID-19's Significant Impact on the Dental Industry." When the epidemic first hit the United States in March and April, many dental clinics shuttered except for emergencies. Even when they reopened, there were significant alterations. According to an August American Dental Association poll of dentists, 98.9% were open, but only 47.6% reported "business as usual"; 51.3% were open but had "lower patient volume than usual."
Malocclusion, along with dental cavities and periodontal disease, is one of the most significant oral health issues, according to World Health Organization (WHO) statistics from 2021. Its frequency in children and adolescents varies widely and is thought to range from 39% to 93%. Among the other abnormalities, crowding was one of the most common, with a prevalence as high as 84%, and spacing was next, with a prevalence as high as 60%. As stated in the Maxillo-Faciale Clinique MFML article from June 2021, Class 1 dental malocclusions are the most typical malocclusions. Between the ages of 6 and 17, 50 to 55 percent of youngsters have Class 1 malocclusion.
Over the projection period, Asia Pacific is expected to see the most profitable growth. The Asia Pacific market's expansion may be ascribed to increased commercial operations by leading industry manufacturers, an increase in the number of patients undergoing tooth replacement procedures, and improved healthcare infrastructure in emerging nations. The rising elderly population, thriving dental tourism, rising per capita income, and favorable government regulations are some of the reasons driving the regional market growth. India and China are expected to drive growth in the Asia Pacific region, and industry participants are eager to invest in these nations.
Players in this industry may encounter two barriers to growth: a scarcity of experienced dental practitioners and the high cost of dental 3D printers. The dental 3D printing industry is very competitive, with major and medium-sized firms present. The rising demand for sophisticated technologies in dentistry is driving manufacturers in the dental 3D printing market to expand their present scope of R&D operations by spending significant expenditures to include advanced technologies. These firms also concentrate on various expansion methods, such as mergers and acquisitions and introducing new goods. For example, 3D Systems, a Formlabs Massachusetts-based firm, established a relationship with BEGO, a producer of implants and prosthodontics for the dental sector, in February 2020. Some of the prominent players operating in the dental 3D printing market are,
Dental 3D printing refers to additive manufacturing in dental applications, where dental objects are created with layer-by-layer deposition of materials with the help of computer-generated design.
North America region is dominating the global dental 3D printing market.
The orthodontics segment led the global dental 3D printing market.
Some prominent players operating in the dental 3D printing market are 3D Systems, Inc., Formlabs, Renishaw Plc.
The estimated market size of the dental 3D printing market in 2031 will be US$ 24.71 billion.
North America accounts for the largest revenue share in the global dental 3D printing market.
*Insights on financial performance are subject to the availability of information in the public domain