According to The Insight Partners market research titled ‘Dental Milling Machine Market to 2027 – Global Analysis and Forecasts by Product Type, Technology, Product Size, Application, and End User.’ The global dental milling machine market is anticipated to reach US$ 3,203.1 Mn in 2027 from US$ 1,485.0 Mn in 2018. The market is anticipated to grow with a CAGR of 9.2% from 2019-2027. The report provides the trends prevailing in the global dental milling machine market and the factors driving the market along with those that act as hindrances.
Request for sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPRE00004550/
The global dental milling machine market, based on the product type, is segmented into in-lab milling machines and in-office milling machines. In 2018, the in-lab milling machines accounted for the largest market share in the global dental milling machine market by type. The in-lab dental milling machines results in efficient modeling of dental structures. In addition, outsourcing is a popular business model in the current scenario due to which the small and medium-sized dental clinics usually prefer to outsource milling of dental prostheses and restorations to professional dental laboratories. The cost of these systems is significantly high to be afforded by small clinics. On the other hand, the in-office milling machines are likely to be growing at a rapid pace as these are compact and relatively cost-effective solutions backed up with advanced CAD/CAM software which help to perform the milling tasks at high accuracy in quicker time.
Key factors that are driving the growth of the market are increasing the prevalence of tooth loss, rising adoption of cosmetic dentistry and advantages offered by CAD/CAM based dental milling. Although the market of the dental milling machine is expected to have restraining factors which include limitations of the CAD/CAM technique coupled with high capital costs of the systems.
The dental milling machine market majorly consists of the players such as Dentsply Sirona, Amann Girrbach AG, DATRON AG, Zirkozahn AG, Roders GmbH, iMes-iCore GmbH, Institut Straumann AG, Renishaw Plc, Ivoclar Vivadent AG, and Planmeca Oy among others. Various companies are focusing on organic strategies such as product launch and product approvals. Inorganic growth strategies activities witnessed in the market were partnerships and acquisitions. For instance, since January 2019, ORCA Dental AI and Planmeca Oy have partnered together for the development of new technology.
Market Insights
Rising Demand for Cosmetic Dentistry
The dental cosmetic industry has gained significant traction and popularity over a period. The aesthetic dentistry intends to improve the appearance of gums, teeth, and bites. Cosmetic implant dentistry is also being induced through surgeries that involve smile correction and other aesthetic procedures. Millennial and baby boomers are primarily responsible for the growth of cosmetic dentistry. The increasing demand for cosmetic dentistry has thus fueled the need for dental milling machines and its accessories. A recent survey of dental professionals conducted by the American Academy of Cosmetic Dentistry (AACD) 2015 reported that cosmetic dentistry continues to be very popular with patients seeking aesthetic treatments.
Moreover, as per the Bureau of Labor Statistics, dental cosmetic procedures are projected to increase by 19% from 2016 to 2026. Thus, the broad adoption and growth of the cosmetic dental procedures that majorly incorporate the use of dental milling machines for the development and designing of restorations are expected to support the growth of the global dental milling machine market over the coming years.
Medical Tourism in Emerging Nations
In recent years, dentistry has emerged as an increasingly popular type of medical tourism. This treatment involves traveling outside of the local healthcare ecosystem to receive services at a significantly lower cost. The treatment typically takes place at the end of a vacation to make the most of the travel expenses. The majority of dental tourism advertisements target Americans for treatment in Mexico or Costa Rico and Australians for treatment in Thailand or India. Dental Tourism is an increasingly growing segment of the medical tourism industry.
The dental implant tourism in India has flourished in recent years due to the high-quality of work at a low price as compared to other countries. Government and industrial infrastructure favor the growth of dental tourism in India. The opportunities, such as good quality care in India at lesser prices, help the country to make further progress in the field of dental tourism. The Journal of Clinical and Diagnostic Research 2016 reports that the cost for smile designing in the US is $8,000, and in India is $1,000, and for dental implants in the US is $2,000 in Hungary is $1070 and in India $600 approximately. Moreover, the Dental Tourism India estimates that dental implant procedures performed in India as compared to the North American and European countries can save up to 80% of the costs. Similarly, according to the American Academy of Implant Dentistry, for Canadians and Americans, a full set of dental implants in Mexico is easily affordable and do not compromise on quality. The increasing influx of patients to the emerging economies for dental implant procedures are likely to offer growth opportunities for the manufacturers as well as healthcare providers and dental implant equipment suppliers in these regions.
The report segments the Global Dental Milling Machine Market as follows:
Global Dental Milling Machine Market – By Product Type
Global Dental Milling Machine Market – By Technology
Global Dental Milling Machine Market – By Product Size
Global Dental Milling Machine Market – By Application
Global Dental Milling Machine Market – By End User
Global Dental Milling Machine Market – By Geography
Purchase Copy of This Report at https://www.theinsightpartners.com/buy/TIPRE00004550/