Press release
Instantaneous healthcare backed by 5G to drive the Digital Dentistry Market at a CAGR of 13.1%
Worldwide revenue from the digital dentistry market was US$ 4.2 Bn in 2021, with the global market estimated to surge at a value CAGR of 13.1% to reach US$ 16.3 Bn by the end of 2032.Overall, digital dentistry product sales accounted for 11.6% share of the global dentistry market in 2021.
There are many areas of digital dentistry available, such as CAD/CAM (laboratory and clinician controlled), computer-aided implant dentistry (including fabrication and design of surgical guides), lasers, intraoral and extraoral photography, and more. Many other areas of digital dentistry are being researched. This is an exciting time for the digital dentistry market as more technologies are being introduced that help make dentistry easier, faster and better.
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Widespread adoption of air rotor handpieces took about two years, while PFM crown adoption took about five years. Compared to other industries, digital dentistry is very small in terms of revenue generated and potential market growth.
Some technological advancements have been slow to integrate in digital dentistry due to the relatively small financial investment and global benefits required for more efficient and improved digital dentistry. However, despite the current use of better technology in the industry, digital dentistry remains at the forefront of the technologies available within the industry, and the number of dentists adopting these technological advancements is growing.
The digital dentistry market is highly competitive. It is competitive due to factors such as product features, reliability, customer service, price, brand recognition, distribution network, etc. As product cycles shorten, suppliers are looking to develop, obtain regulatory approval and sell new digital dental products in a timely manner.
The driving factors for the digital dentistry market include factors such as higher ability to provide effective care by various dentists across the globe. The increasing demand for better dentistry and better aesthetic results is an important market trend.
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With increasing disposable income in developed and developing economies, patients are willing to invest in their teeth. However, the cost associated with digital dentistry is a restraining factor for the global digital dentistry market.
Geographically, the global market for digital dentistry is segmented into North America, Latin America, Europe, Japan, Asia Pacific, and the Middle East and Africa. North America and Europe are close competitors in the digital dentistry market owing to the increasing number of dental clinics and hospitals, technological advancements, growing geriatric population, and the presence of key market players already present in the region.
Japan, Asia Pacific, and the Middle East and Africa are expected to witness substantial growth at higher growth rates due to rapid population growth, growth in dental clinics, and growing awareness of oral health.
Some of the key players in the global digital dentistry market include Sirona, Apteryx, Dentsply, Ratos/Vidar, 3M ESPE, KaVo, Planmeca Group, Biolase Technology, AstraZeneca Group, Cadblue, Danaher, Implant Sciences Corporation, DOT GmBH, Dexis, Raymor, Rofin , Zimmer, Henry Schein, Mack Molding, Consultant Dental Technologist.
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