Digital Dentistry Market worth $12.2 billion | MarketsandMarkets

Digital Dentistry Market worth $12.2 billion | MarketsandMarkets

PR Newswire

CHICAGO, Aug. 10, 2023

CHICAGO, Aug. 10, 2023 /PRNewswire/ -- In the near future, the digital dentistry industry is poised to undergo a transformative evolution, redefining the landscape of dental care and treatment. With rapid advancements in technologies such as 3D printing, artificial intelligence, and augmented reality, dental procedures will become increasingly personalized, efficient, and minimally invasive. Digital impressions, virtual smile design, and precision-guided surgical interventions will become standard practice, enhancing patient outcomes and experiences. Tele-dentistry will bridge geographical gaps, enabling remote consultations and monitoring, while data-driven insights will optimize treatment plans and preventive care. However, the industry must also navigate challenges related to data security, regulatory compliance, and ensuring equitable access to these technological advancements across diverse populations.

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Digital Dentistry Market in terms of revenue was estimated to be worth $7.2 billion in 2023 and is poised to reach $12.2 billion by 2028, growing at a CAGR of 10.9% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growth in this market can primarily be attributed to increasing demand for improved cosmetic dental operations, rising demand for same-day dentistry, rising outsourcing of lab manufacture, rising returns on investment for digital dentistry solutions, and a growing patient base for dental treatments.  Increased adoption of digital dentistry solutions by DSO, rise in the number of players manufacturing improved 3D printers, and increased adoption of digital workflow by dental practitioners.

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Browse in-depth TOC on "Digital Dentistry Market"
305 - Tables
56 - Figures
294 - Pages

Digital Dentistry Market Scope:

Report Coverage

Details

Market Revenue in 2023

$7.2 billion

Estimated Value by 2028

$12.2 billion

Growth Rate

Poised to grow at a CAGR of 10.9%

Market Size Available for

2021–2028

Forecast Period

2023–2028

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By product, by application, by specialty areas, by  end users, and by region

Geographies Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Consolidation of dental practices and rising DSO activity

Key Market Drivers

Increasing demand for same-day dentistry

 

Orthodontics accounted for the largest share of the digital dentistry market.

Based on the specialty areas, the digital dentistry market is segmented into prosthodontics, orthodontics, implantology, and other specialty areas. In 2022, orthodontics held the major share of digital dentistry market. The large share of the orthodontics segment can be attributed to the growing demand for clear aligners and the increasing incidence of malocclusions, rise in aesthetics and patient appearance is increasing the demand for digital dentistry in orthodontics.

The diagnostics segment is growing at the highest rate in the digital dentistry market, by application.

Based on the application, the digital dentistry market is segmented into diagnostics, therapeutics, forensic and others. The large share of this segment can be attributed to the increasing number of dental laboratories, the expansion of existing dental laboratories, the growing affordability of dental laboratory services, and the rising adoption of advanced technologies by dental laboratories. Digital dentistry has seen a great adoption in the diagnostic space, to quickly identify caries, determine the plan of treatment, easily visualize the criticality of each patient's case, and educate the patient regarding their dental conditions.

North America segment accounted for the largest share of the digital dentistry market

The global Digital dentistry market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2022, the North America segment accounted for the largest share of the digital dentistry market. Rise in the number of dental diseases, increased DSO operations, high spending capacity of dental practices, increased number of skilled labor, increased support from government, and rise in awareness of oral diseases.

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Digital Dentistry Market Dynamics:

Drivers:

  1. Increasing demand for same-day dentistry

Restraints:

  1. The Lack of reimbursement for dental procedures

Opportunities:

  1. Consolidation of dental practices and rising DSO activity

Challenges:

  1. Reluctance to switch to digital dental solutions

Key Market Players:

The major players in the digital dentistry market include Dentsply Sirona (US), Envista Holdings Corporation (US), 3M Company (US), Ivoclar Vivadent AG (Switzerland), Planmeca OY (Finland), 3Shape (Denmark), Align Technologies (US), J Morita Corporation (Japan), 3D Systems, Inc. (US), Straumann Group (Switzerland), Stratasys (US), Kulzer (US), Vatech Co. Ltd. (US), Carestream Dental LLC (US), Bego GMBH & Co. KG (Germany).

Recent Developments:

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Digital Dentistry Market Advantages:

Overall, the digital dentistry market's advantages lie in its ability to provide accurate, efficient, patient-centered, and technologically advanced dental care, improving both patient experiences and outcomes.

Related Reports:

Intraoral Scanner Market - Global Forecasts to 2028

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Dental 3D Printing Market - Global Forecasts to 2028

Surgical Procedures Market - Global Forecasts to 2028

Dental Practice Management Software Market - Global Forecasts to 2028

About MarketsandMarkets™:

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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