ALBANY, New York, Nov. 27, 2017 (GLOBE NEWSWIRE) -- The global dental 3D printing market has been foreseen to carry a fairly consolidated nature in a report published by Transparency Market Research (TMR). Prominent companies operating in the market viz. Stratasys Ltd., 3D System, Inc., EnvisionTEC, Inc., and Concept Laser GmbH had secured a cumulative share of 40.0% in 2016. These companies could focus on expanding their reach in the market across different geographies while relying on important mergers and acquisitions.
The global dental 3D printing market has been foretold to be valued at a US$3.4 bn by the completion of 2025 from a valuation of US$0.9 bn achieved in 2016. This impressive growth could be attained by the market as it rises at a CAGR of 16.5% between 2017 and 2025. Selective laser sintering (SLS) could take a leading position in the market while expanding at a 17.5% CAGR. By the end of the forecast period, North America has been anticipated to secure a lion’s share of 41.9%.
New Advancements and Technological Innovations Curb Wastage of Assets
Quick technological progressions have been predicted to lay a solid foundation of growth in the world dental 3D printing market as it rises with a staggering rate of development in the near future. The demand for improved dental care products with better quality could be satisfied with the use of dental 3D printing as manufacturers gain proficiency with the help of new advancements. Innovations in this industry have been deemed by professional examiners to significantly reduce the waste of assets such as labor and materials. Furthermore, the dental industry in general has been researched to gain the benefits of 3D printing used in dental methods.
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The world dental 3D printing market has been projected to create more awareness about various dental services, thus being mutually benefited with the dental market. Human dental services, as a result, could stay on the ascent in both creating and created areas. Other factors such as the widening pool of geriatrics prone to dental problems and inappropriate dietary patterns have been forecast to produce ample of opportunities for players operating in the market.
Extortionate Cost of Highly Advanced Products Creates Slack in Growth
Companies dealing with dental 3D printing have been envisioned to square up to some challenging situations. The involvement of high-quality advancements in the manufacture has led to a towering rise in the prices of dental 3D printers. While this could be a major restriction for the international dental 3D printing market, there could be another factor impeding its growth. Advancements in dental 3D printing regularly require a high capital speculation to look out for administrative endorsements and enrolment of licenses. Moreover, lack of skills required for using 3D printing technology could hamper market growth.
However, the decrease in the cost of the advancement of dental parts and lesser time required for production have been envisaged to set the tone for a valuable growth in the international dental 3D printing market. Innovation on the part of the development of surgical aides, dentures, extensions, crowns, and inserts could raise the popularity of dental 3D printing in the coming years. Moreover, the effectiveness, precision, and exactness of advanced dentistry have been expected to increase the demand for dental 3D printing. Other factors such as the rising consumption of social insurance and availability of the customization of dental parts could help the market to expand further.
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