Dental Rapid Prototyping Systems Market Report Overview
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The global dental rapid prototyping systems market size was USD 3529.3 million in 2022 and is projected to touch USD 22610 million by 2031, at CAGR of 22.9% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with Dental Rapid Prototyping Systems Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Dental Rapid prototyping system, often known as RP, is a sort of computer-aided technology and one of the applications of rapid manufacturing. RP allows for the layer-by-layer construction of actual items directly from three-dimensional (3D) computer data. Reverse engineering (RE) has a significant impact on rapid prototyping in dentistry. The teeth, skull, limb, and other biological items are scanned or photographed using RE. Dental fast prototyping methods facilitate the creation of personalized dental models, such as implants, crowns, bridges, and dentures, improving patient outcomes.
The market is anticipated to increase at a faster rate during the forecast period due to technical developments in oral care systems and product releases by major industry participants. For instance, 3D Systems introduced the NextDent 5100, a new digital dentistry system, in February 2018. With the addition of 18 new resins, this new system now offers a total of 30 materials. With this, the technologies also facilitate the quicker and more affordable production of customized dental equipment. The business claims that NextDent 5100 can speed up dental rapid prototyping systems and lower capital expenditures and material waste. This aspect is projected to increase demand for and market share of dental rapid prototyping systems.
COVID-19 Impact Coronavirus to Hamper the Dental Rapid Prototyping System Market Growth
The COVID-19 has slowed the market's expansion. The demand for vehicle devices was practically nonexistent as travel restrictions and lockdowns were implemented. As a result of the sharp reduction in car demand, which also had an impact on the automotive industry, there was also a decline in the demand for automotive parts. Following COVID-19, this once-failed firm is now being rebuilt and rising to greater heights. The market is now working to the expectations of the client as to how they may develop their product characteristics to increase market growth. The drowsiness monitor market is expanding as a result of rising customer demand for convenient and safe driving. It is clear that all of these elements will help to quickly recover from the COVID-19 market loss.
Latest Trends
"Awareness about Oral Hygiene to Propel Dental Rapid Prototyping System Market Growth"
In the near future, the market for dental fast prototyping systems is anticipated to increase due to poor eating habits and the rising frequency of oral disorders like tooth decay or tooth loss. For instance, the Global Burden of Disease Study estimates that over 3.5 billion individuals worldwide experienced oral disease in 2017. The most widespread oral disease is dental caries, which affects the permanent teeth.
Dental Rapid Prototyping Systems Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into rapid prototyping software, rapid prototyping 3d printer, and dental rapid prototyping systems amongst which rapid prototyping software is the leading segment.
- By Application Analysis
Based on application, the market can be divided into Dental Clinic, Hospital, Veterinary Hospital, and Others amongst which Dental Clinic is the leading segment.
Driving Factors
"Merger and Acquisition Activities to Expand the Dental Rapid Prototyping System Market Growth"
Increased merger and acquisition activity by major competitors is one of the main factors anticipated to fuel the expansion of the global market for dental rapid prototyping systems. To invent and develop technologically improved items and introduce them into the dental rapid prototyping systems market, major market rivals are engaging in merger and acquisition operations. Additionally, a rise in product introductions in the market will be beneficial. For instance, in January 2017, 3D Systems Corporation purchased Vertex-Global Holding B.V. Through this acquisition, 3D systems' ground-breaking platforms and NestDenta's 3D printing materials provide a strategic presence in the market for digital dentistry.
"Increased Consumer Knowledge to Surge the Dental Rapid Prototyping System Market Growth"
The market for dental 3D printing has experienced an increase in market revenue, which is largely due to increasing consumer knowledge of the product's benefits and the quick pace of technological development. The market is expected to continue to expand as a result of recent developments in 3D printing technology. In addition, the expanding use of dental 3D printers in dental clinics and hospitals is a result of increased tobacco, alcohol, and other poor lifestyle choices, which are increasing the incidence of oral cancer and dental problems. This is predicted to fuel market expansion. Furthermore, factors including rising R&D costs and rising disposable income are causing dental expenses to rise as a result of the use of digital dentistry, which is expected to favorably influence the growth of the global dental rapid prototyping system market.
Restraining Factors
"Shortage of Highly Qualified Professionals to Restrain the Dental Rapid Prototyping System Market Growth"
There are several limitations and difficulties that will impede the expansion of the market as a whole. The market growth may be constrained by elements like reimbursement situations and severe regulatory requirements for the approval of 3D printing equipment. High operating costs and capital expenditures can impede market expansion. The Dental Rapid Prototyping System Market may experience growth restrictions due to a shortage of highly qualified personnel and technological infrastructure.
Dental Rapid Prototyping Systems Market Regional Insights
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"North America to remain Dominant over the Forecast Period"
The rise in research and development activities in the region, an increase in oral cancer cases, and a growing emphasis on preventative care are some of the reasons that have contributed to the expansion of the North American market for dental rapid prototyping systems. Additionally, it is anticipated that greater knowledge of these technologies among healthcare professionals will fuel demand during the projection period.
During the projected period, it is anticipated that the Asia Pacific market for dental fast prototyping systems will expand significantly. India, China, and Japan are among the primary contributors to this expansion. The Asia Pacific market for dental rapid prototyping systems has benefited from the rising demand for CAD/CAM technologies in dentistry.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive"
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- 3M (U.S.)
- AMD LASERS (U.S.)
- A dec, Inc. (U.S.)
- BIOLASE Technology, Inc. (U.S.)
- Carestream Health, Inc. (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 3529.3 Million in 2022 |
Market Size Value By |
US$ 22610 Million by 2031 |
Growth Rate |
CAGR of 22.9% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the dental rapid prototyping system market expected to touch by 2031?
The global dental rapid prototyping system market size is expected to reach USD 22610 million by 2031.
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What CAGR is the dental rapid prototyping system market expected to exhibit by 2031?
The dental rapid prototyping system market is expected to exhibit a CAGR of 22.9% by 2031.
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Which are the driving factors of the Dental Rapid Prototyping Systems market?
The driving factors of the Dental Rapid Prototyping Systems market are Merger and Acquisition Activities and Increased Consumer Knowledge.
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Which are the key players or most dominating companies functioning in the Dental Rapid Prototyping Systems market?
The dominating companies in the Dental Rapid Prototyping Systems market are 3M (U.S.), AMD LASERS (U.S.), A dec, Inc. (U.S.), BIOLASE Technology, Inc. (U.S.), and Carestream Health, Inc. (U.S.)