STAINLESS CROWNS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global stainless crowns market size is expected to reach US$ 2.03 Bn by 2030, from US$ 1.30 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 6.6% during the forecast period.

Stainless crowns are dental restorations used to cap a damaged tooth and restore its shape, size, and function. They provide durability, aesthetic appeal, and biocompatibility. Rising prevalence of dental diseases and growing demand for cosmetic dentistry are key factors driving the market growth of the global stainless crowns market.

Stainless steel crowns, commonly referred to as stainless crowns, are a type of dental restoration that is used in pediatric and adult dentistry. These crowns are fabricated from medical-grade stainless steel, thereby making them highly durable and corrosion-resistant. They serve a crucial role in the field of dentistry, particularly in cases where a tooth has been extensively damaged or weakened due to decay, trauma, or structural issues.

Global Stainless Crowns Market Regional Insights:

• North America is expected to be the largest market for global stainless crowns market during the forecast period, accounting for over 40% of the market share in 2023. The market growth in North America is due to strong demand for dental treatments and advanced dental technologies. High dental insurance coverage and a well-established healthcare system contribute to the market growth.
• The Asia Pacific market is expected to be the second-largest market for global stainless crowns market, accounting for over 30% of the market share in 2023. The market growth in Asia Pacific is due to the rising disposable incomes and increasing awareness about advanced dental treatments in the region.
• The Europe market is expected to be the fastest-growing market for global stainless crowns market, with a CAGR of over 7% during the forecast period. The market growth in Europe is due to the high prevalence of dental diseases and favorable reimbursement policies for dental crowns in the region.

Figure 1. Global Stainless Crowns Market Share (%), By Region, 2023

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Analyst’s View of the Global Stainless Crowns Market:

Global stainless crowns market exhibits a promising outlook as it continues to grow steadily. Several factors contribute to this positive trajectory. Firstly, the increased awareness of dental health and the growing focus on dental aesthetics drives the demand for stainless crowns. Cosmetic dentistry, in particular, has gained prominence across various regions, thereby driving the market forward. Moreover, rising disposable income in emerging economies, especially in Asia Pacific, has enabled more people to access dental care and invest in dental procedures, including the use of stainless crowns. The advanced dental technologies available in mature markets, such as North America and Western Europe, have significantly influenced the global stainless crowns market. These technologies have not only improved the precision and effectiveness of dental procedures but have also made stainless crowns more accessible and attractive to a broader patient base. This technological edge is a major driver of market growth in these regions.

Global Stainless Crowns Market Drivers:

• Increasing prevalence of dental diseases: Rising prevalence of dental diseases like tooth decay, periodontal diseases, and tooth loss is a major factor driving the global stainless crowns market. For instance, in January 2021, according to data published by Centers for Disease Control and Prevention (CDC), in United States by age 8, over half of children (52%) have had a cavity in their primary (baby) teeth. Moreover, 1 in every 4 adults aged 20 to 64 has cavities. This high incidence of dental diseases is leading to an increased demand for stainless crowns procedures to treat damaged teeth.
• Growth in cosmetic dentistry: The stainless crowns market is driven by the growing adoption of cosmetic dentistry globally. Cosmetic dental treatments are used to improve dental aesthetics through procedures like teeth whitening, reshaping, bonding, implants, and stainless steel crowns. According to American Academy of Cosmetic Dentistry 2022, the cosmetic dentistry industry reached over US$31 Bn in 2021 in the U.S. The desire to improve smile aesthetics is increasing demand for cosmetic stainless crowns.
• Technological developments: Continuous advances in material sciences and computer-aided technologies are favoring the growth of stainless crowns market. CAD/CAM (Computer-Aided Design and CAM stands for Computer-Aided Manufacturing) technologies help dentists provide custom-made stainless crowns with superior accuracy and precision. The development of high-strength ceramic and zirconia materials also enables dentists to provide more durable and aesthetic crowns. These technological developments are expected to increase adoption of modern stainless crowns. For instance, on April 26, 2023, HKU Dentistry, The Faculty of Dentistry at The University of Hong Kong developed a novel smart manufacturing on dental crowns by using generative artificial intelligence (AI) that leverage dental manufacturing technology. The researchers developed a generative AI algorithm that uses a true three-dimensional (3D) deep learning approach, thus producing personalized dental crowns with high accuracy that mimic the morphology and match the materials that are required for the biomechanics of natural teeth.

Global Stainless Crowns Market Opportunities:

• Growing market demand in emerging economies: There are significant untapped opportunities for stainless crown manufacturers and service providers in emerging economies like China, India, Mexico, Brazil, and others. These countries have large populations with increasing incidence of dental diseases, rising disposable incomes, and greater awareness regarding the benefits of stainless crowns. Market players can tap into this underserved market potential by offering cost-effective stainless crown solutions.
• Development of discounted crowns: Manufacturers can develop relatively affordable stainless crown products to target price-sensitive customer segments across emerging economies and rural areas. Offering discounted stainless steel crowns can help increase adoption among low and middle income demographics. This can substantially boost sales volume and revenue growth.
• Expansion of Dental Benefits: The expansion of dental benefits for Medicaid beneficiaries represents a significant opportunity for both the healthcare industry and the beneficiaries themselves. This expansion holds the potential to address long-standing disparities in dental care access and improve overall oral health outcomes. For instance, on April 3, 2023, the Michigan Department of Health and Human Services (MDHHS), announced that it have expanded dental benefits for adult Medicaid beneficiaries and increased rates for dental providers. This redesigned benefit will directly help beneficiaries by increasing access to services, thereby enhancing care coordination and improving health outcomes.

Global Stainless Crowns Market Trends:

• Adoption of CAD/CAM technologies: The use of CAD/CAM technologies like oral scanners and advanced milling is rising in dentistry. CAD/CAM improves precision of fit, reduces chair time, and enables faster production of custom stainless crowns. Moreover, in September 2021, Dentsply Sirona, dental equipment and supplies manufacturing company launched a Zirconia CAD/CAM Block that helps to achieve their digital dentistry clinical and practice goals.
• Use of 3D printing: The use of 3D printing technology to rapidly manufacture customized stainless crowns is rising in dentistry. 3D printing improves crown design flexibility, reduces waste, and enables on-demand localized production. Players can leverage 3D printing to provide same-day crowns and prosthetics. This improves practice efficiency and profitability. For instance, on February 23, 2023, SprintRay Inc., one of the industry leaders in digital dentistry and 3D printing solutions announced the U.S. commercial launch of their Ceramic Crown 3D Printing Ecosystem, a new generation of single-appointment workflows to transform same-day, chairside delivery of ceramic dental restorations.
• Growing demand for aesthetic crowns: Patients are increasingly seeking metal-free ceramic or zirconia crowns for a natural and attractive smile. This is driven by growing focus on dental aesthetics and smile makeovers. To capitalize on this trend, manufacturers are expanding their aesthetic crown offerings. Companies can also provide training to help dentists improve aesthetic outcomes.

Global Stainless Crowns Market Restraints:

• High costs and limited reimbursement: The high cost of stainless steel crowns coupled with inadequate insurance coverage and reimbursement limits their adoption. Out-of-pocket expenditure on crowns can cost patients anywhere from US$800 - US$1600 per tooth. Low reimbursement rates and dental insurance limits constrain utilization among cost-conscious patients.
• Risk of recurrent tooth decay: Though effective, stainless crowns carry the risk of underlying tooth decay, if the restoration fails or decay, develops along the crown margins. Monitoring and maintenance are essential to minimize risk of complications after crowns. Patient reluctance due to perceived recurrence risk, complications, and longevity concerns hampers market growth.
• Counterbalance: The key market players need to provide proper insurance coverage for the high cost of stainless steel crowns. Maintaining the stainless crowns properly helps in minimizing the risks of further tooth decay, in case, the restoration fails.

Figure 2. Global Stainless Crowns Market Share (%), By Age Group, 2023

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Recent Developments:

New product launches:

• In February 2019, 3M, an multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods launched 3M Chairside Zirconia for dental crowns and bridges. It provides esthetic results and high strength.
• In June 2021, Ivoclar Vivadent, one of the a leading international dental company with a comprehensive product and system range for dentists and dental technicians introduced IPS e.max Zircad Prime, a translucent zirconia for natural esthetic results.
• In May 2020, Dentsply Sirona, an American dental equipment manufacturer and dental consumables producer introduced Celtra Duo zirconia-reinforced lithium silicate for crowns and bridges. It combines durability of zirconia with esthetics.

Key strategic Initiatives:

• On May 8, 2023, Clinical Research Dental (CRD), a Canadian dental supplier and an exclusive distributor of leading dental brands such as Clinician's Choice, Ultradent, etc. and TePe, a Swedish Oral Care company announced an exclusive distribution partnership to expand the brand coverage.
• On February 22, 2023, Dental Axess, an independent provider of CAD/CAM solutions for dental professionals partners with Oqton, a software provider to provide AI-driven software (Manufacturing OS platform) which connects and automates a customer’s entire production workflow for 3D printing, CNC (Computerised Numerical Control) milling, and post-processing for a variety of applications such as crowns, bridges, aligners, models, and removable partial dentures (RPDs).
• In May 2022, Envista, a dental company acquired Osteogenics Biomedical, one of the leader in the development of innovative dental bone grafting products to expand in the dental regenerative solutions market
• In July 2022, Henry Schein, a solutions company for health care professionals powered by a network of people and technology announced that it has completed the acquisition of Condor Dental Research Company SA (Condor Dental), a dental distribution company that serves dental general practitioners, specialists, and laboratories in Switzerland.

Top companies in Global Stainless Crowns Market:

• Dentsply Sirona
• Ivoclar Vivadent
• Amtouch Dental Supply.
• 3M
• KinderDent GmbH
• Seil Global Co.,LTD
• Acero Crowns.
• Henry Schein.
• Glidewell
• Zirkonzahn
• Coltene
• Pritidenta
• GNI Co.,Ltd

*Definition: Stainless crowns are a type of dental crown made from biocompatible metals or porcelain-fused-to-metal. They are used when teeth are severely damaged and a filling cannot restore form and function.