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Dental Rapid Prototyping Systems Market Analysis (2020-2027)

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Dental Rapid Prototyping Systems Market Analysis (2020-2027)

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. DENTAL RAPID PROTOTYPING SYSTEMS MARKET ANALYSIS(2020-2027) • Dental Rapid Prototyping Systems Market, by Product Type (Rapid Prototyping 3D Printer and Rapid Prototyping Software), by Application (Veterinary Clinic, Hospital, Dental Clinic, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  3. Technological advancements in the field of dentistry has revolutionized the way dental procedures are performed. Rapid dental prototyping is a type of computer aided manufacturing, which makes physical objects from computer generated data. The technological advancements in dental care and treatment are expected to drive growth of the global dental rapid prototyping systems market. Key players in the market have lucrative growth opportunities due to rising penetration of dental 3D printers in emerging economies such as India and China.

  4. According to a study published in the Journal of Oral Research and Review in 2017, the emergence of advanced digital technologies has opened up new perspectives for production and design in the field of dentistry. Rapid prototyping or RP is a technique to automatically and quickly construct a 3D model of a product. In dentistry, RP helps in constructing dental models to provide precise products and treatment for patients. The dental rapid prototyping has various applications such as fabrication of implant surgical guides, molds for metal castings, zirconia prosthesis, frameworks for removable & fixed partial dentures, dental prosthesis with wax pattern, maxillofacial prosthesis, and complete denture.

  5. The increasing number of cases of tooth decay and unhealthy eating habits are expected to drive the global dental rapid prototyping systems market growth during the forecast period. For instance, according to the World Health Organization (WHO), around 2.3 billion people worldwide suffered from caries of permanent teeth in 2017. In most of the middle- and low- income countries, with changes in living conditions and growing urbanization, the prevalence of oral diseases is constantly increasing.

  6. Dental Rapid Prototyping Systems Market - Impact of Coronavirus (Covid-19) Pandemic • Dental rapid prototyping systems market is hugely affected due to the outbreak of COVID-19. It is becoming difficult to deliver dental care due to restrictions for travel due to the pandemic crisis. Moreover, dental care providers need to be prepared to tackle any impending infectious disease challenge such as the deadly coronavirus. However, it is predicted that the dental rapid prototyping systems market will regain its position after the COVID-19 chaos when several restrictions are lifted by governments.

  7. The all-inclusive version of the report will include the impact of COVID-19 and the probable changes in the future outlook of the industry, by taking into account the technological, social, political, and economical parameters. • The dental rapid prototyping systems market is estimated to be valued at US$ 1,824.9 million in 2020 and is expected to rise at a CAGR of 21.8% during the forecast period (2020-2027).

  8. Figure 1. Global Dental Rapid Prototyping Systems Market Share (%) Analysis, By Product Type, 2020

  9. An increase in the number of mergers & acquisitions and product launches is expected to propel growth of the dental rapid prototyping systems market • Key players in the market are involved in mergers & acquisitions to develop technologically advanced products and launch them in the dental rapid prototyping systems market. The product launches in the industry are expected to significantly boost the market growth and create lucrative growth opportunities for the global market during the forecast period.

  10. For instance, in January 2017, 3D Systems Corporatio n announced the acquisition of Vertex-Global Holding B.V, a worldwide provider of dental materials under NextDent and Vertex brands. Through this acquisition, the advanced 3D printing materials of NestDenta and 3D Systems’ groundbreaking platform provide a strategic foothold in the digital dentistry market opportunity. • Furthermore, key industry players are also launching rapid prototyping software, which is helping the dental rapid prototyping systems market to grow exponentially. For instance, in December 2019, Benco Dental launched the practice management solution, which is powered by ‘Open Dental’ software. It is a total practice management solution scalable for any practice size for dental offices. Open Dental is specially designed by dentists and is available through Benco Dental, the largest independent dental distributor in the U.S.

  11. Dental Rapid Prototyping Systems Market - Restraints • However, high cost associated with dental rapid prototyping systems coupled with lack of skilled professionals to handle such systems is expected to hamper growth of the dental rapid prototyping systems market. Dental rapid prototyping is considered to be a difficult process, as it demands a high level of artistic skill and requires knowledge of dental techniques. Slow penetration of such advanced systems in rural areas of regions such as Africa and Asia Pacific will limit the development of this market over the forecast period.

  12. Dental Rapid Prototyping Systems Market – Regional Analysis • North America accounted for the largest share in the global dental rapid prototyping systems market in 2019, owing to the increasing focus of key players on technological advancements and product launches in the market. For instance, in January 2019, a Boston-based manufacturer of 3D printers, ‘Formlanbs’, launched resins for dental prosthetics and rapid prototyping at the Consumer Electronics Show (CES), Las Vegas. Elastic Resins is one of the first new and softest resins by Formlabs, which is specially designed for rapid prototyping of silicone parts. Digital Denture is the second resin by the company, which is developed for available direct printed dental prosthetics.

  13. Moreover, adoption of acquisition and collaboration strategies by key players to introduce advanced dental products and materials is contributing to growth of the dental rapid prototyping systems market. For instance, in January 2019, Dentsply Sirona entered into a strategic collaboration with Carbon Partner to revolutionize the digital denture materials. The aim of this collaboration was to deliver groundbreaking denture materials for Carbon Partner’s digital 3D printing solutions.

  14. Furthermore, Asia Pacific is also expected to witness significant growth in the global dental rapid prototyping systems market, owing to initiatives taken by key players. Companies such as NSK Nakanishi and others offer dental rapid prototyping systems and products in Japan. Moreover, growing popularity of digital dentistry and advancements in 3D scanning and equipment in the Asia Pacific region is expected to drive the regional market growth during the forecast period.

  15. Figure 2. Global Dental Rapid Prototyping Systems Market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2027

  16. Dental Rapid Prototyping Systems Market - Competitive Landscape • Key players operating in the global dental rapid prototyping systems market include 3M, A dec, Inc., AMD LASERS, BIOLASE Technology, Inc., Dentsply Sirona, Carestream Health, Inc., Danaher Corporation, KaVo Dental, Gendex Dental Systems, DCI International, Gnatus International Ltda., Marus Dental International, Hu-Friedy Mfg. Co., LLC, Midmark Corporation, IvoclarVivadentAktiengesellschaft, NSK Nakanishi, Inc., Ultradent Products, Inc., Young Innovations, Inc., and Planmeca Oy.

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