Market Trends of Digital Dentistry Industry
Hospitals are Expected to Witness Significant Growth Over the Forecast Period
The hospital segment is anticipated to witness significant growth in the market over the forecast period owing to factors such as the rising use of dental procedures to treat various dental cavities and the growing adoption of new technologies in hospitals.
Research studies have provided insight into the new approach to improving dental care. For instance, according to an article published in the International Journal of Public Health, in February 2022, about 80% of dentists accepted preventive advice and adapted it to fit the nature and specifics of each dental procedure. This is expected to increase the adoption of various cloud-based digital dentistry services in the dental premises that allow the easy upload of cone beam computed tomography (CBCT), intraoral scans used for designing plans for implant surgery, and surgical guides, which is anticipated to fuel the segment's growth.
The rising company activities in developing digital workflows and solutions raise the adoption and installation of digital dentistry products in hospitals enabling dentists to provide customized products. This is expected to fuel the segment's growth. For instance, in February 2022, Dentsply Sirona Inc. launched a series of innovations, Medical-Grade 3D Printing Solution, which is designed to enhance digital workflows with benefits for dentists, dental labs, and patients globally, by collaborating with Google Cloud.
The establishment of new dental hospitals is likely to increase demand for digital dentistry devices, thereby boosting the segment growth. For instance, in October 2023, the Thai government set an ambitious goal to open a new dental hospital in each of the kingdom’s 77 provinces by the end of 2024. This initiative aims to address the significant shortage of dental services.
Therefore, owing to the aforementioned factors such as the increasing adoption of digital dentistry, new product launches, and the opening of new hospitals, the segment studied is anticipated to grow over the forecast period.
North America is Expected to Have the Significant Market Share Over the Forecast Period
North America is expected to witness significant growth in the digital dentistry market over the forecast period owing to factors such as advancements in technology for dental care in the region and an increase in product launches, supported by the rising burden of dental disorders, which are expected to increase the demand for dental services in the region.
The rising burden of oral diseases among the population is the key factor increasing the demand for dental devices and services, hence increasing the focus of hospitals and other dental clinics to adopt digital dentistry platforms and software. For instance, according to the American Cancer Society, in 2022, approximately 54,000 Americans were estimated to be diagnosed with oral cavity or oropharyngeal cancer in the United States. Also, according to the ADA, in January 2022, there were around 201,927 professionally active dentists in the United States. Thus, the high burden of oral diseases is expected to contribute to the market growth over the forecast period.
Collaborations and partnerships are other factors responsible for the growth of the region's market. For instance, in April 2022, CAD-Ray entered into a partnership by selling TRIOS intraoral scanners to 3Shape Inc. This partnership would increase CAD-Ray's position as the fastest-growing and most trusted distributor, supporter, and educator of CAD/CAM technology.
Therefore, owing to the aforementioned factors such as the growing burden of oral and dental diseases and introduction of the product launches, the market studied is anticipated to grow over the forecast period.
