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Dental Milling Machine Market (Covid-19) Impact and Analysis by 2027 | Dentsply Sirona, Amann Girrbach AG, DATRON AG, Zirkozahn AG, Roders GmbH, iMes-iCore GmbH, Institut Straumann AG, Renishaw Plc, Ivoclar Vivadent AG, and Planmeca Oy among others.
The Insight Partners analysts forecasts the latest report on “Dental Milling Machine Market (Covid-19) Impact and Analysis by 2027”, according to report; The Dental Milling Machine Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Dental Milling Machine Market.The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Dental Milling Machine Market.
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The global dental milling machine market is anticipated to reach US$ 3,203.1 Mn in 2027 from US$ 1,485.0 Mn in 2018. The market is anticipated to grow with a CAGR of 9.2% from 2019-2027.
Some of the Major Market Players Are:
Dentsply Sirona
Amann Girrbach AG
DATRON AG
Zirkonzahn AG
Röders GmbH
iMes-iCore GmbH
Institut Straumann AG
Renishaw Plc
Ivoclar Vivadent AG
Planmeca Oy
Market Insights
Rising Demand for Cosmetic Dentistry
The dental cosmetic industry has gained significant traction and popularity over a period. The aesthetic dentistry intends to improve the appearance of gums, teeth, and bites. Cosmetic implant dentistry is also being induced through surgeries that involve smile correction and other aesthetic procedures. Millennial and baby boomers are primarily responsible for the growth of cosmetic dentistry. The increasing demand for cosmetic dentistry has thus fueled the need for dental milling machines and its accessories. A recent survey of dental professionals conducted by the American Academy of Cosmetic Dentistry (AACD) 2015 reported that cosmetic dentistry continues to be very popular with patients seeking aesthetic treatments.
Moreover, as per the Bureau of Labor Statistics, dental cosmetic procedures are projected to increase by 19% from 2016 to 2026. Thus, the broad adoption and growth of the cosmetic dental procedures that majorly incorporate the use of dental milling machines for the development and designing of restorations are expected to support the growth of the global dental milling machine market over the coming years.
Medical Tourism in Emerging Nations
In recent years, dentistry has emerged as an increasingly popular type of medical tourism. This treatment involves traveling outside of the local healthcare ecosystem to receive services at a significantly lower cost. The treatment typically takes place at the end of a vacation to make the most of the travel expenses. The majority of dental tourism advertisements target Americans for treatment in Mexico or Costa Rico and Australians for treatment in Thailand or India. Dental Tourism is an increasingly growing segment of the medical tourism industry.
The dental implant tourism in India has flourished in recent years due to the high-quality of work at a low price as compared to other countries. Government and industrial infrastructure favor the growth of dental tourism in India. The opportunities, such as good quality care in India at lesser prices, help the country to make further progress in the field of dental tourism. The Journal of Clinical and Diagnostic Research 2016 reports that the cost for smile designing in the US is $8,000, and in India is $1,000, and for dental implants in the US is $2,000 in Hungary is $1070 and in India $600 approximately. Moreover, the Dental Tourism India estimates that dental implant procedures performed in India as compared to the North American and European countries can save up to 80% of the costs. Similarly, according to the American Academy of Implant Dentistry, for Canadians and Americans, a full set of dental implants in Mexico is easily affordable and do not compromise on quality. The increasing influx of patients to the emerging economies for dental implant procedures are likely to offer growth opportunities for the manufacturers as well as healthcare providers and dental implant equipment suppliers in these regions.
Product Insights
The dental milling machine market on the basis of product type is segmented into in-lab milling machines and in-office milling machines. In 2018, the in-lab milling machines accounted for the largest market share in the global dental milling machine market by type. The in-lab dental milling machines results in efficient modeling of dental structures. In addition, outsourcing is a popular business model in the current scenario due to which the small and medium-sized dental clinics usually prefer to outsource milling of dental prostheses and restorations to professional dental laboratories. The cost of these systems is significantly high to be afforded by small clinics. On the other hand, the in-office milling machines are likely to be growing at a rapid pace as these are compact and relatively cost-effective solutions backed up with advanced CAD/CAM software which help to perform the milling tasks at high accuracy in quicker time.
Strategic Insights
Some of the activities undertaken by the companies, which have promoted its growth are majorly organic developments. Companies such as Planmeca Oy, Ivoclar Vivadent, and Institut Straumann among others have been implementing various strategies that have helped the growth of the company and in turn, have brought about various changes in the Dental milling machine market. The companies have utilized strategies such as product launches, and approvals of their product portfolio and area expansion for the growth of their organizations.
Global Dental milling machine Market – By Product Type
• In-Lab Milling Machines
• In-Office Milling Machines
Global Dental milling machine Market – By Technology
• CAD/CAM Milling Machines
• Copying Milling Machines
Global Dental milling machine Market – By Product Size
• Table-Top
• Benchtop
• Standalone
Global Dental milling machine Market – By Application
• Crowns
• Dentures
• Bridges
• Veneers
• Inlays & Onlays
Global Dental milling machine Market – By End User
• Dental Laboratories
• Dental Clinics
• Academic and Research Institutes
The report analyses factors affecting the Dental Milling Machine Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Dental Milling Machine Market in these regions.
Moreover, the report entails the estimate and analysis for the Dental Milling Machine Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Dental Milling Machine Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Dental Milling Machine Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Dental Milling Machine Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Dental Milling Machine Market Report:
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Major Features of Dental Milling Machine Market Report:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Dental Milling Machine market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Dental Milling Machine market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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