Dental Impression Systems Market Worth USD 1.9 Billion : Rising Incidence Of Dental Diseases
Summary
- What This Report Will Provide?
- Expected Revenue Growth.
- Major Growth Boosters.
What This Report Will Provide?
This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, key players, competitive landscape, key market dynamics, and key player strategies.
Expected Revenue Growth:[171 Pages Report]
The global dental impression systems market is projected to reach USD 1.9 billion by 2025 from USD 1.3 billion in 2020, at a CAGR of 7.7% during the forecast period.
Major Growth Boosters:
The growth in the dental impression systems market is mainly driven by factors such as the rising incidence of dental diseases, increasing demand for cosmetic dentistry. In addition, growing dental tourism in emerging markets and rising adoption of digital dentistry are expected to drive demand growth in the dental impression systems market during the forecast period.
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Covid-19 Impact on the Dental impression systems Market
The current COVID-19 pandemic has resulted in a massive number of patients visiting healthcare facilities on a daily basis. As of December 2020, 63.8 million cases of COVID-19 have been reported across Africa, Asia Pacific, the Americas, Europe, and Oceania. The virus has resulted in approximately 1.5 million deaths. With the COVID-19 pandemic, most countries, including the whole of Europe, the US, India, and Australia, among others, are following complete nationwide lockdowns. This also affected the supply chain for dental impression materials and scanners.
Due to the COVID-19 outbreak, the number of patient visiting dentist globally had decreased. However, this is expected to change during the forecast period and the demand for dental impressions is expected to return to its pre-COVID demand phase.
Recent Developments
- In 2020, BEGO (Germany) partnered with Formlabs (US) to expand access to BEGO’s dental restorative materials, enabling Formlabs’ customers to improve workflows and patient experience.
- In 2020, KaVo Kerr partnered with TeamSmile (US) to provide the dentists at TeamSmile with programs to use the digital dental equipment.
- In 2018, Coltene Holding (Switzerland) acquired SciCan (Canada) and MICRO-MEGA (France) that will strengthen Coltene’s market reach and product range, creating synergy potential, and enhancing its offerings in its dental product portfolio
The integrated systems segment is expected to grow at the highest CAGR during the forecast period
Based on system, the market is segmented into integrated and standalone systems. The integrated systems segment is projected to witness the highest growth during the forecast period. The increasing adoption of integrated systems by healthcare providers is the major factor supporting the growth of this segment.
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Increasing demand for cosmetic dentistry
Cosmetic dentistry is one of the fastest-growing segments in the dental industry. Several studies have estimated that the market for cosmetic dentistry will continue to grow at a rapid pace. With increasing disposable incomes, the willingness to undergo expensive cosmetic procedures has also increased among the population in various countries, specifically among the aging population. The increasing income levels in developing countries such as India, China, and Brazil, which have a relatively high decayed, missing, and filled teeth (DMFT) index, is expected to boost the demand for dental impression systems in these countries during the forecast period.
Regional Growth Analysis:
The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. The high growth in this regional market can be attributed to the rising patient volume, growing medical tourism, and increasing disposable incomes.
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