Global Dental CAD CAM Market: Overview
The rapid development of technology has truly revolutionized dentistry. The CAD/CAM has enabled dentists to harness the power of the computer to develop and design dental restorative parts. CAD/CAM devices and software are the computer-aided design and computer-aided manufacturing devices used to improve the design and creation of dental restorations. The major goal of this technology is to reduce the cost and improve the quality of the products. Advances in dental CAD/CAM has provided a new horizon for dentistry by creating an easy and accurate alternate technique for the production of dental restorations. The flexibility, speed, precision, and efficiency of these systems have made the systems useful for a wide range of applications like crowns, dentures, bridges veneers, and inlays/Onlays among others.
Dental CAD/CAM market is expecting sound growth during the forecasted period. The global dental CAD/CAM market is majorly driven by the increasing prevalence of dental diseases, rising geriatric population, and growing dental service organizations. Additionally, increasing demand for dental products and an increasing number of dental procedures will fuel the market growth. However, the high cost of the devices and grey market in distribution may slow the growth of the market.
The well-established companies in the market with a variety of dental CAD/CAM equipment hold a significant market share. Though the dental CAD/CAM are expensive, most of the users trust on the well-developed brand; thus, the major and well-settled companies can get a premium cost for their products, which gives a predominant profit for their invested money. In most of cases, innovation is the most important strategy for the development of the market. Similarly, investing in research & development to introduce innovative and advanced dental CAD/CAM equipment can gain the leverage of capturing the maximum share of the global dental CAD/CAM market. Furthermore, increasing prevalence of dental diseases and increasing government support for research & development play an essential role in enhancing the global dental CAD/CAM market.
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The global market for dental CAD CAM is expected to grow at a CAGR of approximately 8.9% during the forecast period 2017-2027. The market is forecasted to demonstrate a steady growth by 2027, surpassing its previous growth records in terms of value with a constant CAGR during the anticipated period (2017 – 2027). Among all the regions in the world, America dominates the global dental CAD/CAM market owing to the increasing prevalence of dental diseases and growing dental service organizations. According to findings from the Centers for Disease Control and Prevention in 2012, approximately 91% of US adults aged 20-64 had dental caries in permanent teeth. Additionally, high healthcare spending, well-developed technology, and an increasing geriatric population will fuel the growth of the market.
Global Dental CAD CAM Market - Competitive Analysis
A number of industries are working in the manufacturing and production of dental CAD/CAM devices. Through extensive research, it is found out that the market players have adopted the strategy of development of better and cost-effective products and acquisitions. On the basis of the market study, we found some key players operating in this market: Align Technology, Inc., Dentsply Sirona, PLANMECA OY, Straumann, Danaher Corporation, Roland DG Corporation, and DATRON AG. Danaher Corporation is one of the leading players in the market with a huge global presence and over 62,000 employees. The company has a significant presence in America, and Asia Pacific region and its research and manufacturing units are present in over one dozen countries.
For instance, in September 2016, Dentsply Sirona has acquired a dental implant systems manufacturer headquartered in northern Israel MIS Implants Technologies Ltd. This acquisition will help the company to strengthen its product portfolio and its customer base.
Moreover, in June 2016, Kitron signs the supply agreement with Dentsply Sirona. This agreement will add Kitron as a new supplier for Dentsply Sirona.
Additionally, in March 2016, Straumann has acquired 30% stake in the company based on Montreal, V2R Biomedical. This company is privately-owned that specializes in prosthetically-driven guided-surgery solutions.
In February 2016, DENTSPLY International Inc. and Sirona Dental Systems, Inc. announced the completion of remaining regulatory milestones for the proposed merger.
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