Albany, NY, June 27, 2018 (GLOBE NEWSWIRE) -- A report published by Transparency Market Research (TMR) quantifies the growth parameters of the global market for dental 3D printing. The global dental 3D printing market is expected to grow at a boisterous CAGR of 16.5% over the period between 2017 and 2025. The market was valued at US$903.0 mn in 2016 and is projected to reach a value of US$3,427.1 mn by 2025. Based on the type of technology, selective laser sintering is expected to emerge as a key segment with a CAGR of 17.5% over the period between 2017 and 2025.
Digital Dentistry Aids Market Growth
The field of dental sciences has witnessed rapid advancements in recent times, and this has played a major role in the growth of the global market for dental 3D printing. Furthermore, modern dentistry has displayed sparks of accuracy, precision, and effectiveness which has in turn justified the usage of nascent technologies within dentistry. Hence, the market for dental 3D printing is projected to reap benefits from the popularity of braces, dental implants, bridges, and crowns. Moreover, the efficiency of dentists is also enhanced with the usage of specialized tools and equipment for dental 3D printing. It is safe to estimate that the global market for dental 3D printing would grow due to the willingness of the dental industry to adopt better tools and equipment.
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High Costs of Dental Treatments to Hamper Growth
The global market for dental 3D printing has been growing at a starry rate, yet there are several hindrances to the smooth flow of market growth. The high cost of dental treatments is the foremost factor that is expected to hamper the growth of the global market over the forthcoming years. Moreover, the licenses and endorsements required while adopting advanced dental technologies in the framework also acts as a hindrance for the global market.
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A handful of market players in the global dental 3D printing market exercise maximum control over the dynamics of the market. The leading market players viz., EnvisionTEC, Inc., Stratasys Ltd, Concept Laser GmbH, and 3D System, Inc. held 40% of the total market share in 2016. The expertise attained by these top market players in the manufacture of dental equipment has been the prime reason behind their starry growth. It is expected that these market players would improvise on their current business strategies in order to expand their geographical reach.
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Furthermore, innovative marketing strategies are projected to be the watchword of the leading market players over the forthcoming years. On the other hand, medium-sized players are struggling to make it to the mainstream market because of the dominance of the established players. Despite their sustenance in the market, the small and medium-sized players are expected to suffer due to the strongholds of the leading players. Owing to the unchallenged position of the leading market players and relatively low penetration of the smaller players, the global market for dental 3D printer can be termed as highly consolidated. The sustenance of new entrants in the market is a projected to be averted by the strong competition that exists in the global market for dental 3D printing.
The review is based on TMR research report titled “Dental 3D Printing Market (Technology - Vat Photopolymerization, Fused Deposition Modeling, PolyJet Technology, and Selective Laser Sintering; Material - Metals, Photopolymer, and Ceramics; Application - Dental Implants, Dentures, and Crowns and Bridges) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.
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