Albany, New York, Nov. 20, 2018 (GLOBE NEWSWIRE) -- As per expert analysis, dental 3D printing market had accumulated revenue worth US$903.0 mn in 2016, which is further expected to grow up to US$3,427.1 mn by 2025. This is spectacular increase considering the fact that the global ophthalmic lasers market will expand at a stellar CAGR of 16.5% during the forecast period from 2017 to 2025. Under applications, the crowns and bridges segment held a dominant position in 2016 with a consolidated share of 34.2%. Furthermore, this segments is expected to dominate in future too due to rising number of dental issues and incidences of tooth loss. From a geographical perspective, strong presence of dental facilities in North America makes it lead over the others, by accounting nearly 40.0% of the total market shares.
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Huge Advancements Occurring in Dentistry Stokes Growth in Market
Rapid advancements happening in the field of dental sciences is majorly responsible for driving growth in the global dental 3D printing market. Moreover, with the introduction of modern instruments having crisp accuracy, precision and effectiveness, the way by which dental operations are carried out have substantially become easier, thereby leading to several specialists start using new technologies such as 3D dental printing. A high demand of braces, crowns, ridges, and bridges, also has contributed towards a dire need for their high production rate, thereby contributing towards the market’s growth. Furthermore, the efficiency of dentists is also enhanced with the usage of specialized tools and equipment for dental 3D printing. It is estimated that the global market for dental 3D printing will expand due to a rising adoption of the dental industry to adopt better tools and equipment.
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Costly Technologies Stunts Progress in Dental 3D Printing Market
However, high costs of such 3D tools is expected to discourage potential users with low disposal income from opting for their use in treatments, thereby restraining the global dental 3D printing market. Less availability or even complete lack of the associated technology in healthcare sector present in remote and underdeveloped regions is also known to be detrimental to the market’s growth. Moreover, lack of understanding of the device functioning and working among the masses from various regions also makes them refrain from opting for 3D printing services in dentistry. Nonetheless, the market is expected to showcase a splendid growth during the forthcoming years thanks to the efforts taken by several manufacturers to produce cost effective 3D printing dental devices. The restraints affecting the global dental 3D printing market are also expected to decrease as companies are focus on improving their geographical expansion in the healthcare industry.
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The global dental 3D printing market depicts the presence of a consolidated vendor landscape, says Transparency Market Research on the basis of a recently published report. Such a consolidated scenario mainly exists due to the presence of a handful of players in this sector. Concept Laser GmbH 3D Systems, Inc., EnvisionTEC, Inc., Formlabs, Inc., Renishaw plc., DWS System, Prodways Group, Asiga, and SLM Solutions, are some of the key players operating in the global dental 3D printing market. Most regional players face stiff competition from the more renowned and international businesses in this sector. Most players are working towards improving their product portfolios and expanding their geographical horizons. With technological development taking place through several players coupled with an increase in the number of players, the global dental 3D printing market is expected to showcase a highly intensified competition in the near future.
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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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