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Dental Implants And Prosthetics Contract Manufacturing Market 2024 - By Size, Competitive Landscape, Upcoming Trends And Outlook By 2033
Dental Implants And Prosthetics Contract Manufacturing Market
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According to The Business Research Company's, The dental implants and prosthetics contract manufacturing market size has grown strongly in recent years. It will grow from $4.05 billion in 2023 to $4.40 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to an aging population, rising disposable income, awareness and education, insurance coverage, and an increase in dental clinics.
The dental implants and prosthetics contract manufacturing market size is expected to see strong growth in the next few years. It will grow to $6.13 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to emerging markets, increasing dental disorders, implant success rates, patient preference, and customized solutions. Major trends in the forecast period include digital dentistry, technological innovations, advancements in dental technology, collaborations and partnerships, digital impressions, and increased adoption of Artificial intelligence (AI).
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Market Drivers and Trends:
An increase in the volume of data is expected to propel the growth of the cloud object storage market going forward. Data volume refers to the amount of data stored, processed, or transmitted within a given system, network, or storage medium. The increase in the volume of data is primarily driven by the proliferation of internet-connected devices, digital services, and the growing use of data-intensive technologies like artificial intelligence and IoT. Cloud object storage is used to manage the increasing volume of data because it provides scalable, cost-effective, and accessible storage solutions for vast amounts of unstructured data generated by modern digital technologies. For instance, in December 2022, according to a report published by The Linux Foundation, a US-based non-profit consortium, data growth for an average end-user organization reached a significant 2,208 TB in 2022, an increase of 215.43%, or three times the 700 TB in 2021. Therefore, an increase in the volume of data is driving the growth of the cloud object storage market.
Major companies operating in the dental implants and prosthetics contract manufacturing market are focusing on developing new dental technology such as NanoFusion technology, to gain a competitive edge in the market. NanoFusion technology refers to a specialized approach in dental resin chemistry aimed at resolving inherent constraints found in conventional 3D printing materials utilized for manufacturing dental prosthetics. For instance, in October 2022, SprintRay Inc., a US-based dental professionals' company, launched OnX Tough, a next-generation hybrid ceramic resin designed for 3D printing dental applications. It leverages SprintRay's proprietary NanoFusion technology, a new resin that delivers durability and lifelike translucency for high-quality, same-day dental prosthetics. OnX Tough joins a suite of digital solutions aimed at streamlining dental workflows, including fast printing appliances and an expanding resin portfolio.
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Major Key Players of the Market:
3M Company, Danaher Corporation, Henry Schein Inc., Zimmer Biomet Holdings Inc., Dentsply Sirona Inc., Straumann Group, OSSTEM Implant Co. Ltd., Nobel Biocare Services AG, BioHorizons Holdings Inc., MIS Implants Technologies Ltd., DIO Corporation, Keystone Dental Holdings Inc., Elos Medtech AB, ARCH Medical Solutions Corp., MegaGen Implant Co. Ltd., Anthogyr SAS, Thommen Medical AG, Phibo Dental Solutions, Bio3 Implants GmbH, Southern Implants North America Inc., Cortex Dental Implants Industries Ltd., CAMLOG Biotechnologies AG, ADIN Dental Implant Systems Ltd., TBR Implants Group, Medentika GmbH
Dental Implants And Prosthetics Contract Manufacturing Market 2024 Key Insights:
• The dental implants and prosthetics contract manufacturing market size is expected to see strong growth in the next few years. It will grow to $6.13 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
• Increasing Awareness Of Oral Health Is Driving Growth Of The Dental Implants And Prosthetics Contract Manufacturing Market
• Developments In Dental Technology To Shape The Future Of Dental Implants And Prosthetics
• North America was the largest region in the dental implants and prosthetics contract manufacturing market in 2023
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