Dental CAD/CAM Market - By Type (In-lab Systems, In-office Systems), By Component (Hardware {Milling Machines, Dental 3D Printers, Scanners}, Software {Cloud/Web-based, On Premise}), By End-use (Dental Clinics, Dental Laboratories, Dental Milling Centers) & Global Forecast, 2023 - 2032
Global Dental CAD/CAM Market is slated to expand exponentially through 2032 owing to the rising technological advancements within the sector.
One of the key elements driving the market expansion is the rising technological innovations and the growing acceptance of dental CAD/CAM. Additionally, the growing trend for personalized or customized implants will encourage the market expansion.
Ongoing strategic initiatives such as partnerships, acquisitions, product launches, and more by leading market players would open new growth avenues in the ensuing years.
For instance, in September 2021, the Planmeca group took over KaVo instrument as well as the treatment unit from Envista Holdings Corporation. The acquisition strengthened the firm's position as the industry leader in dental solutions, increasing its market share in different regions.
The dental CAD/CAM market has been divided in terms of type, component, end-use, and region.
Based on type, the in-lab systems segment is expected to grow sizably during the forecast period owing to the rising preference for CAD/CAM restorations by patients, creating the necessity for faster outputs. Moreover, high patient influx would prompt dental labs to adopt modern in-lab technology, thus bolstering the segmental growth.
With respect to component, the hardware segment is poised to attain high gains from 2023 to 2032 as more dentists adopt CAD/CAM systems in their practices due to increased knowledge of the benefits of this technology. Additionally, the growth in revenue has been impacted by the availability of milling machines for producing dental restorations globally.
In terms of end-use, the dental clinics segment held 38% market share in 2022. The segment is speculated to flourish rapidly given the rise in number of dental offices using cutting-edge CAD/CAM technology. A decent uptick in chair-side CAD/CAM equipment would add to the market demand over the foreseeable time. Such factors are likely to foster the revenue growth.
From the regional perspective, the North America dental CAD/CAM market is estimated to propel significantly over the review years fueled by high oral hygiene awareness and rising demand for dental aesthetics. Meanwhile, the Europe dental CAD/CAM industry is set to amass more than $2 billion by 2032.
Some of the key players operating in global dental CAD/CAM market include Hexagon AB, Datron AG, Straumann AG, Align Technologies, Dentsply Sirona, and Envista Holdings Corporation, amongst others.