Global 3D Dental Scanner Market Outlook
3D dental scanners can be utilized in all the domains of dentistry. These scanners utilize the property of laser or structured light to provide with the image on computer. These devices are used in hospitals and dental clinics to create digital model of teeth to make perfectly fitting prosthetics and dentures by CAD/CAM technology and 3D printer. Total dental personnels in 2012 were almost one million, globally. Dental spending has two major components: number of visits and service costs. Aging population is the financial core of dental practice over the next 25 years. By 2040, 62% of dental expenditures are projected to come from patients who are at least 40 years old. Expanding government programs are likely to increase the overall number of children with regular dental visits, but low reimbursement levels will control the overall level of expenditures there. Population between 25-35 years, have reduced dental disease experience as children and limited financial means, will continue to decrease as a source of dental expenditures.
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3D scanners have also changed the communication practice between dentist and the patients as communication is being digitized better than the traditional methods. One of the major drivers in this market is increasing affordability among the people, rapid price dropping of dental scanners and increasing availability of low cost quality dental scanners to adopt these products at faster pace.
Digital dentistry is the future and is going to stay in future. Young dental start-ups will have to get savvy in how they raise finances for new technology, cut costs, use digital technology to compete with older established practices.
Market Size and Forecast (2016-2024)
Global 3D dental scanners market is estimated to become a billionaire market by 2024, growing at a CAGR of 12.0% during the forecast period of 2016-2024.Asia-Pacific 3D dental scanner market is estimated to reach USD 0.12 Billion by 2024, with annual growth rate of 10.2% by the end of the forecast period.
Globally, 50% of the 3D dental scanners revenue comes from intraoral scanners. North America acquires the largest market share in global standalone intraoral scanners followed by Europe and Asia-Pacific region.
The latest ongoing trend is “Dental Tourism”, that means traveling abroad for affordable dental care, dental treatment, dental surgery or dental procedures, which are generally expensive in one’s own country. In India, 10% of total medical tourism comes from Dental tourism. Popular countries across the globe for dental tourism are Thailand, Singapore, Mexico, India, Hungary and Costa Rica. The global dental market is expected to expand at a CAGR of 5.0% over the forecast period. The Asian market registered the highest growth rate of 10.5% followed by US which shows 5.5% in 2016. Dental treatments are way expensive in countries like the UK, Australia, Canada and US, restricting individuals from availing dental treatment.
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Key Market Players
• 3M Company
• Dentsply Sirona
• PLANMECA OY
• Amann Girrbach
• GT Medical
• Zimmer Dental
• Sirona Dental Systems
• AICON 3D Systems
• ALIGN TECHNOLOGY
• Carestream Health
• Carl Zeiss Optotechnik
- Dental economics: This deal with the factors like growth in spending for dental services, a shift in spending toward government payers, hike in cost of dental services, and dentist’s incomes not keeping pace with inflation.
• Less time consumption for one patient’s diagnosis and treatment broadens the spectrum to treat more patients, thus increasing their profit.
• The companies are concern in developing affordable dental scanners. For instance, Dental Wings is using a biocompatible finish for the wand that helps to reduce the manufacturing cost.
- However, the cost for 3D dental scanning is quiet high; also further treatment can become more and more expensive depending on the required treatment, 3D dental scanning involved and the nature of the procedure.
• Most medical devices are high-risk equipment and need to undergo a safety check to demonstrate medical efficacy before it is approved by regulatory agencies.
• Dental insurance does not cover most of the diagnostic dental procedures.
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