August 03, 2021
According to the research report titled ‘Dental CAD/CAM Market Size By Type (In-lab Systems, In-office Systems), By Component, By End-use (Dental Clinics, Dental Laboratories, Dental Milling Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global dental CAD/CAM market is slated to grow at a considerable rate over the forecast period 2021-2027.
As per the report findings, factors such as growing awareness about dental procedures, increasing incidence of dental disorders, expanding geriatric population base, and benefits of new methods over conventional treatment options are fueling worldwide dental CAD/CAM market expansion.
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For the record, CAD/CAM dentistry is a discipline of dentistry which employs CAM/CAD (computer-aided manufacturing and computer-aided design) systems to create better designs and fabrications of dental restorations. CAM and CAD are used in applications such as restorative dentistry and prosthetics, orthodontics, implantology, and oral surgery.
Despite the positive industry outlook, high initial investment costs associated with dental CAD/CAM devices, in consort with low awareness and affordability of equipment in underdeveloped nations are likely to restrain the growth graph in the upcoming years.
Based on product type, dental CAD/CAM industry is fragmented into in-lab systems, and in-office systems. Among these in-office segment is projected to grow at 6.5% CAGR over the forecast duration, owing to mounting demand for chairside systems.
By component type, the industry classification comprises software, and hardware. Software segment was worth USD 342 million in 2020 and is projected to observe a remarkable growth trend over the next 7 years, mainly due to continuous innovations in dental software.
In terms of end-user spectrum, the business vertical is categorized into dental laboratories, dental milling centers, and dental clinics. Of these, dental clinics segment accounted for 38% market share in 2020 and is estimated to witness healthy growth over the study duration. This can be attributed to surging number of practicing dentists throughout the world.
Moving on to regional scope, Latin America market is poised to register a year-on-year growth rate of 4.7% through 2027 owing to increasing expense allocation towards healthcare, and rising awareness about dental procedures.
Major contenders in global dental CAD/CAM marketplace are Envista Holdings Corp., Hexagon AB, Amann Girrbach AG, 3Shape A/S, Datron AG, Roland DGA Corp., Planmeca Oy, Align Technology Inc., Institut Straumann AG, and Dentsply Sirona Inc.