The global dental CAD/CAM market size is projected to reach USD 3.95 billion by 2028, exhibiting a CAGR of 8.7% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Dental CAD/CAM Market, 2021-2028”. As per the report, the value of the market stood at USD 2.06 billion in 2020.
A study published by the Lancet in 2017 mentions that nearly 3.5 billion people worldwide have been affected by oral diseases. Even though most dental health conditions are highly preventable, factors, such as poor eating habits, consumption of tobacco and alcohol, and lack of dental care, especially in the young urban population, cause dental problems such as tooth decay, sensitive teeth, and in some cases, even oral cancer.
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We have categorized the market on the basis of product, type, end user, and geography. On the basis of product, the market is bifurcated into equipment (milling machine, scanners, and others) and software. In terms of type, the market is divided into chairside and laboratory. Based on end user, it is fragmented into dental hospitals & clinics, dental laboratories, and others. Lastly, on the basis of geography, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.
What Does the Report Offer?
The report provides a detailed analysis of the key market aspects, namely, the dominant companies, end-users, and leading product types. Apart from this, the report contains tangible insights into the current & upcoming market trends and highlights prominent industry developments. In addition to these factors, the report supplies a holistic understanding of the main drivers, restraints, and segments that are contributing to the growth of the market.
Rising Adoption of Aesthetic Dentistry to Drive Growth
Although treatment of dental health problems does not come under Universal Health Coverage (UHC), it is a common belief that having perfect teeth provides social confidence. For instance, the American Academy of Cosmetic Dentistry (AACD) conducted an independent study, under which a group of people was interviewed. 99.7% of those people admitted that a smile is a social asset and is very important to the overall appearance. The increasing demand for cosmetic dentistry worldwide is estimated to drive the global dental CAD/CAM market growth. In addition, the rising adoption of digital dentistry and the increasing requirement for customized implants are projected to strengthen the demand for dental CAD/CAM.
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High Cost Associated with the Process to Restrain Growth
As accurate and efficient as CAD/CAM software is, it still is an expensive matter. The high cost associated with the process is anticipated to restrain the market growth during the forecast period. On top of that, limited to no support from insurance companies and government-regulated healthcare bodies restricts people to opt for the procedure. This is expected to further hinder the demand for CAD/CAM.
The COVID-19 outbreak has adversely affected the dental industry. Since oral checkups are an intimate process and would have been a direct violation of social distancing norms at the time, a large population of patients had postponed or canceled their dentist appointment in the initial phase of the pandemic.