Dental Rapid Prototyping Systems Market, by Product Type (Rapid Prototyping 3D Printer and Rapid Prototyping Software), by Application (Veterinary Clinic, Hospital, Dental Clinic, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 3.28 Bn in 2023 and is expected to exhibit a CAGR of 21.8% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Companies are focused on adopting organic and inorganic strategies to propel the growth of global dental rapid prototyping systems market due to the growing prevalence of oral diseases. For instance, according to a study shared in March 2023, by World Health Orgainzation (WHO)- the United Nations agency that connects nations, partners and people to promote health, an estimated 2 billion people suffered from caries of permanent teeth and 514 million children suffered from caries of primary teeth in 2022.
Global Dental Rapid Prototyping Systems Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems with regard to the transportation of drugs from one place to another.
The COVID-19 outbreak has adversely affected the dental rapid prototyping systems market. This was caused due to a delay in getting dentist appointments as a result of clinics and hospitals being shut for patients wanting to treat a non-emergency condition during the course of the pandemic. According to an article published in May 2020 in PubMed, a free search engine for medical and biological reports, the decision by patients to postpone dental treatment not only adversely effected their oral and body health, but in turn resulted in higher health care costs.
Global Dental Rapid Prototyping Systems Market: Key Developments
Strategies like mergers and acquisitions can increase the reach of the products and customer base of acquiring company, and the product can reach more regions. This is expected to boost market growth during the forecast period.
For instance, on June 22, 2020, Inspiration healthcare Group Plc., a U.K.-based medical technology marketing company, acquired neonatal ventilation product provider SLE Limited, a U.K.-based medical equipment company for US$ 19.3 Mn.
Browse 25 Market Data Tables and 25 Figures spread through 155 Pages and in-depth TOC on “Global Dental Rapid Prototyping Systems Market”- Forecast to 2030, Dental Rapid Prototyping Systems Market, by Product Type (Rapid Prototyping 3D Printer and Rapid Prototyping Software), by Application (Veterinary Clinic, Hospital, Dental Clinic, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/dental-rapid-prototyping-systems-market-4012
Key Takeaways of the Global Dental Rapid Prototyping Systems Market:
- The global dental rapid prototyping systems market is expected to exhibit a CAGR of 8% during the forecast period. The collaboration and partnership regarding dental prototyping system ultimately increases the demand offers lucrative growth opportunities for players in the global dental rapid prototyping systems market. For instance, in April 2020, Rapid Shape GmbH, the Germany-based technology company in the field of generative rapid prototyping and rapid manufacturing systems, announced its plans to collaborate with VOCO GmbH, dental material specialists to provide their customers with the highest level of flexibility when choosing work material.
- Among product type, the Rapid Prototyping 3D Printer segment is expected to hold a major revenue share over the forecast period, owing to the increasing product approvals by regulatory authorities of respective countries. For instance, in July 2022, Cerhum sa, a medical device manufacturer, announced that its company’s 3D printed bone graft received approval for commercial manufacturing in Europe. The patient-specific bone graft was made available to maxillofacial and orthopedic surgeons in the region.
- Among region, North America is expected to be the dominant region in the global dental rapid prototyping systems market, owing to a growing geriatric population suffering from a need for dental procedures in this region. According to the data shared by Health Canada, the department of the Government of Canada responsible for national health policy, in April 2022, over 861,000 people aged 85 and older were counted in the 2021 Census. This can give rise to an increased number in orthodontic procedures.
- Major players operating in the global dental rapid prototyping systems market include 3M, A-dec Inc, AMD Lasers, BIOLASE, Inc., Dentsply Sirona, Carestream Health, Danaher, KaVo Dental, Gendex Dental Systems, DCI, Gnatus Medical-Dental Equipments, Marus Dental International, Hu-Friedy Mfg. Co., LLC, Midmark Corporation, NSK / Nakanishi inc, Ultradent Products Inc, Young Innovations, Inc., and PLANMECA OY.
