Dental CAD/CAM Market is growing rapidly after 2016 with the CAGR 0f 8.1% since the market is boosted due to high adoption of CAD/CAM systems in the dentistry
PUNE, MAHARASHTRA, INDIA, January 16, 2017 /EINPresswire.com/ — Dental CAD/CAM Market is growing rapidly after 2016 with the CAGR 0f 8.1% since the market is boosted due to the high adoption of the CAD/CAM systems in the dentistry. The global market for Dental CAD/CAM is growing rapidly and expected to reach USD of 3.33 Billion by the end of 2027.
Market Highlights
The global dental CAD/CAM market has been evaluated as a rapidly growing market and it is expected that the market will reach high growth figures. There has been a tremendous growth in the adoption rate of the CAD/CAM systems in the field of dental science. Due to the benefits offered by the dental CAD/CAM systems such as high precision, enhanced speed of the process of restorations, there has been huge demand for dental CAD/CAM in the dental laboratories as well as dental clinics and it has a high importance in the market. People are now more aware about the aesthetic value of the teeth, and are willing to spend a good sum of money for the dental replacements and fixtures using implants and prosthetics. Due to this, there has been growth in the dental cosmetic surgeries, ultimately helping to boost the revenues in the Dental CAD-CAM Market. The cosmetic dentistry market value is estimated to surpass $20 billion mark by the year 2022.
There are dental service organizations which enable dentists to invest in the new technologies and help dentists incorporate these technologies into practice. The growth in the DSOs has been crucial in driving the dental CAD/CAM market. Dentists are now using variety of dental materials for the restorations. The materials are used according to the type of restoration, cost of the material, patient budget and durability of the material. The variety in the material and it’s affordability has lead people to undergo restoration procedures.
On the other hand, the initial investment in the dental CAD/CAM systems are around USD 60,000+. These complicated systems need regular maintenance in order to work efficiently where the maintenance cost is also way too high. Burden of this high costs compels small scale dentists to make crunching calculations on potential return of investments. Small capital and high cost raises the affordability issues for the dentists. This factor can hamper the growth of the dental CAD/CAM market.
Globally, Europe is the largest market for dental CAD/CAM. The European dental CAD/CAM market is expected to reach USD 1.45 billion by the end of the forecast period. North America is the second-largest market for dental CAD/CAM which is expected to grow at a CAGR of 8.3%. Asia pacific region is expected to be fastest growing region in dental CAD/CAM market.
Key Findings
- The dental CAD/CAM global market and is expected to reach $3.33 billion by 2027.
- Equipment holds the largest share of 89% of the market.
- Europe has the largest share in the growth of dental market considering 8.3% of dental CAD/CAM market and is expected to reach USD 1.45 billion by the end of 2027
- Globally, Asia-Pacific the fastest growing region during the forecast period.
