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(Publishing-NewsWire.com, July 07, 2018 ) The dental 3D printing market is expected to reach USD 5.06 billion by 2023 from USD 1.78 billion in 2018, at a CAGR of 23.2%.
Full report : https://www.marketsandmarkets.com/Market-Reports/dental-3d-printing-market-258228239.html
The key factors driving the growth of this market include high incidence of dental caries and other dental diseases, rising demand for cosmetic dentistry, adoption of dental 3D printers in hospitals and clinics, growth in the geriatric population, and increasing disposable income in developing countries. However, the unfavorable reimbursement scenario and stringent regulatory process for the approval of 3D printing equipment are expected to limit market growth to a certain extent.
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In this report, the dental 3D printing market is segmented based on product and service, technology, application, end user, and region. On the basis of products and services, the market is broadly segmented into material, equipment, and services. The services segment is expected to grow at the highest CAGR during the forecast period. As dental 3D printing technology facilitates the easy manufacturing of dental products with complex geometries and offers competitive pricing compared to traditional manufacturing methods, a number of small dental hospitals, clinics, and laboratories are outsourcing every aspect of the process, from design to production to a service provider.
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Based on technology, the dental 3D printing market is segmented into vat photopolymerization, fused deposition modeling, polyjet technology, selective laser sintering, and other technologies. The selective laser sintering technology segment is expected to register the highest CAGR during the forecast period. The high growth of this segment can be attributed to its utilization in the processing of wide range of commercialized products, high productivity rate, and its efficiency in producing products with better strength and durability.
On the basis of end user, the market is segmented into dental laboratories, dental hospitals & clinics, and dental academic and research institutes. The dental laboratories segment is expected to witness the highest CAGR during the forecast period. The increasing number of dental laboratories, rapid adoption of advanced technologies by small and large laboratories across the globe, the increasing outsourcing of certain manufacturing functions to dental laboratories, and rising demand of customized/fabricated dental framing solutions required for various dental applications are the major factors supporting the growth of this segment.
Geographically, the dental 3D printing market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to witness the highest CAGR during the forecast period. Growth in the Asia Pacific dental 3D printing market is driven by a number of factors, such as the rising geriatric population, growing dental tourism in major Asian markets such as India, increasing focus of prominent players on emerging Asian countries, rising dental expenditure (coupled with the rising disposable income), increasing awareness on oral healthcare, and increasing willingness of people to spend more on dental care to maintain dental aesthetics.
Mr. Shelly Singh