"Designing Growth Strategies is in our DNA"
The global dental CAD/CAM market size was USD 2.06 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with dental the industry witnessing a negative impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a decline of -4.8% in 2020 as compared to the average year-on-year growth during 2017-2020. The market is projected to grow from USD 2.20 billion in 2021 to USD 3.95 billion in 2028 at a CAGR of 8.7% during the 2021-2028 period. The rise in the CAGR is attributable to the market’s demand and growth returning to pre-pandemic levels, once the pandemic is over.
Dental CAD/CAM system uses computer-aided design and manufacturing to improve the creation of dental restorations, such as crowns bridges, veneers, inlays & onlays, fixed dental, and prostheses such as dental implants, among others. The growing prevalence of dental disorders, increasing awareness about the latest technologies for accurate designing of dental prosthesis, growing disposable incomes, and increasing adoption of the chair-side dental CAD/CAM systems are some of the leading factors poised to drive the growth of the global dental CAD/CAM system and software market.
Postponed Elective Dental Procedures Have Negatively Impacted the CAD/CAM Market
The COVID-19 pandemic has heavily impacted the dental industry due to the reduced number of visits by patients to dental professionals to prevent the transmission of the coronavirus. Moreover, a large number of elective surgical procedures related to dental restorations were postponed and thus, have negatively impacted the demand for CAD/CAM systems. Key players operating in the market have reported a decline in the revenue due to reduced sales of the products and postponed upgrading of the dental laboratories. For example, as per the Quarterly update by leading player Dentsply Sirona, in mid-March, the COVID-19 pandemic changed the market dynamics for both dental practitioners and their patients.
Request a Free sample to learn more about this report.
Rising Adoption of Chair-side CAD/CAM Systems to Drive the Market
Chair-side CAD/CAM systems are trending for a few years in the market due to the proven evidence of effective and accurate restoration designing associated with the use of these systems. These systems provide unique benefits such as better patient comfort, reduced procedure time, along with improved quality. They also offer a competitive advantage to dentists by helping them provide digital services at a faster pace. Thus, more dentists are adopting chair-side CAD/CAM systems, driving the market growth in the forecast period.
Increasing Importance of Aesthetic Dentistry to Drive the Demand for Digital Equipment
The aging population, increasing prevalence of dental disorders, and surging spending capacity among consumers are some of the leading factors driving the demand for advanced dental solutions. The growing penetration of digital dentistry coupled with an increasing need for accurate and customized dental implants and prosthetics by the patients is projected to propel the demand for Computer-Aided Designing and Manufacturing (CAD/CAM) equipment, such as CAD-CAM milling machines, intraoral scanners, printers, and software, by 2028. According to the American Academy of Cosmetic Dentistry (AACD) survey, cosmetic dentistry procedures are witnessing phenomenal growth in the U.S. Among them, inlays/onlays lead the way with a 380% rise in procedures in the last few years.
High Cost of CAD/CAM Systems and Lack of Reimbursements to Restrict Dental CAD/CAM Market Growth
CAD/CAM is one notable advancement in the dental industry in terms of accuracy and efficiency. However, the initial cost of software and equipment is high. Due to this reason, numerous dental clinics and laboratories in developing countries, such as India, China, and Brazil, are still struggling to get access to this advanced dental equipment.
Moreover, cosmetic and dental procedures lack favorable reimbursement policies. Dental procedures are not regarded as essential by government agencies and insurance companies, and hence reimbursement policies are not readily available for dentistry. These aforementioned factors are projected to restrict the market growth during the forecast period.
To know how our report can help streamline your business, Speak to Analyst
Software Segment to Grow at a Remarkable CAGR Fueled by the Growing Importance of User-friendly Software
Based on product, the global market is categorized into equipment and software. Among them, the equipment segment held the leading share in 2020. The increasing demand for digital electronics technology based on computers is one of the prime reasons for the dominance of the segment. CAD/CAM technology permits the workflow of digital veneering and automates the process of production and quality standardizations of dental restorations.
Moreover, the rising prevalence of dental disorders, increasing geriatric population, and growing concern of people regarding their oral health are also contributing towards the segment’s growth.
On the other hand, the software segment is likely to grow at an astonishing growth rate during the forecast period. This is attributable to the increasing investment by key players in the research and development of premium software with better features for the CAD/CAM systems. For instance, in November 2020, Planmeca USA, a leading dental CAD/CAM equipment company, announced the launch of Planmeca PlanCAD premium design software for creating dental prosthetics.
Chair-side Dental CAD/CAM Systems to Dominate throughout the Forecast Period Owing to its High Demand
Based on type, the market is divided into chair-side and laboratory CAD/CAM systems. Among them, the chair-side segment held the lion’s share in the year 2020. Several benefits, such as better patient comfort, time-saving for both doctor and patient, multiple uses at one single time, and improved quality, have led to the increasing adoption of chair-side CAD/CAM systems. The segment is also anticipated to grow at the highest CAGR owing to the rising preference toward this type of CAD/CAM system in both developed and developing countries.
Dental Hospitals and Clinics to Hold Maximum Portion of the Global Market
In terms of end user, this market is categorized into dental hospitals and clinics, dental laboratories, and others. The dental hospitals and clinics segment held the leading share in 2020. The availability of highly preferred chair-side dental CAD/CAM systems in these centers with the presence of highly skilled healthcare professionals makes them the popular choice among patients for resolving their dental issues.
The dental laboratories segment, on the other hand, is projected to witness a slower growth rate during the forecast period owing to the growing preference for dental hospitals and clinics among patients.
North America Dental CAD/CAM Market Size, 2020 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
The market size of North America stood at USD 0.77 billion in 2020. The growing digitalization in the dental field, the presence of various market players, and favorable reimbursement policies are the factors responsible for the market growth in the region.
Europe is projected to be the second-largest region in terms of market share and revenue. This is attributable to factors such as the continuously growing geriatric population who are prone to dental disorders and strategic collaboration and acquisitions by the key players to expand their product portfolio. For instance, according to Eurostat, in 2019, more than one-fifth (20.3%) of the European population was aged 65 and above. This is anticipated to the market growth in the region.
The market in Asia Pacific is expected to grow at the highest rate. This is primarily due to the growing investments by key players in the region due to the rising prevalence of dental disorders during the forecast period.
To know how our report can help streamline your business, Speak to Analyst
The market in Latin America and Middle East & Africa will continue to grow at a lucrative growth rate owing to the growing medical tourism and increasing healthcare spending in the region.
Broad Product Portfolios and Wide Range of Premium CAD/CAM Software by Key Players to Spur Competition
The market is highly fragmented with numerous key players adapting several inorganic growth strategies to expand their market presence. Align Technology is one of the dominating market players. For instance, in March 2020, Align Technology, Inc. acquired exocad Global Holdings GmbH (exocad), a global leader in dental CAD/CAM market, with an aim to strengthen its product portfolio.
Other market players, such as Dentsply Sirona, Institut Straumann AG, PLANMECA OY, and others, through their penetration in various developing regions and a strong focus on R&D for new product launches, are likely to establish their footprints in the global market.
An Infographic Representation of Dental CAD/CAM Market
To get information on various segments, share your queries with us
The dental CAD/CAM market research report provides a detailed analysis of the market segments and focuses on key aspects such as leading companies, products, types, and end users. Besides this, it offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the developed market over recent years.
Value (USD billion)
Fortune Business Insights says that the global market stood at USD 2.06 billion in 2020 and is projected to reach USD 3.95 billion by 2028.
In 2021, the market is estimated to reach USD 2.20 billion.
The market will exhibit steady growth at a CAGR of 8.7% during the forecast period (2021-2028).
By product, the equipment segment is leading the market.
The increasing prevalence of dental disorders, growing awareness about aesthetic dentistry, rising geriatric population, and significant technological advancements are the key drivers for the market growth.
Align Technology, Inc. and Dentsply Sirona are the top players in the market.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry