Blockchain Press Releases
Digital Dentistry Market worth $12.2 billion | MarketsandMarkets
CHICAGO, Aug. 10, 2023 /PRNewswire/ — In the near future, the digital dentistry industry is poised to undergo a transformative evolution, redefining the landscape of dental care and treatment. With rapid advancements in technologies such as 3D printing, artificial intelligence, and augmented reality, dental procedures will become increasingly personalized, efficient, and minimally invasive. Digital impressions, virtual smile design, and precision-guided surgical interventions will become standard practice, enhancing patient outcomes and experiences. Tele-dentistry will bridge geographical gaps, enabling remote consultations and monitoring, while data-driven insights will optimize treatment plans and preventive care. However, the industry must also navigate challenges related to data security, regulatory compliance, and ensuring equitable access to these technological advancements across diverse populations.
Digital Dentistry Market in terms of revenue was estimated to be worth $7.2 billion in 2023 and is poised to reach $12.2 billion by 2028, growing at a CAGR of 10.9% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growth in this market can primarily be attributed to increasing demand for improved cosmetic dental operations, rising demand for same-day dentistry, rising outsourcing of lab manufacture, rising returns on investment for digital dentistry solutions, and a growing patient base for dental treatments. Increased adoption of digital dentistry solutions by DSO, rise in the number of players manufacturing improved 3D printers, and increased adoption of digital workflow by dental practitioners.
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Browse in-depth TOC on “Digital Dentistry Market”
305 – Tables
56 – Figures
294 – Pages
Digital Dentistry Market Scope:
Report Coverage |
Details |
Market Revenue in 2023 |
$7.2 billion |
Estimated Value by 2028 |
$12.2 billion |
Growth Rate |
Poised to grow at a CAGR of 10.9% |
Market Size Available for |
2021–2028 |
Forecast Period |
2023–2028 |
Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
By product, by application, by specialty areas, by end users, and by region |
Geographies Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa |
Report Highlights |
Updated financial information / product portfolio of players |
Key Market Opportunities |
Consolidation of dental practices and rising DSO activity |
Key Market Drivers |
Increasing demand for same-day dentistry |
Orthodontics accounted for the largest share of the digital dentistry market.
Based on the specialty areas, the digital dentistry market is segmented into prosthodontics, orthodontics, implantology, and other specialty areas. In 2022, orthodontics held the major share of digital dentistry market. The large share of the orthodontics segment can be attributed to the growing demand for clear aligners and the increasing incidence of malocclusions, rise in aesthetics and patient appearance is increasing the demand for digital dentistry in orthodontics.
The diagnostics segment is growing at the highest rate in the digital dentistry market, by application.
Based on the application, the digital dentistry market is segmented into diagnostics, therapeutics, forensic and others. The large share of this segment can be attributed to the increasing number of dental laboratories, the expansion of existing dental laboratories, the growing affordability of dental laboratory services, and the rising adoption of advanced technologies by dental laboratories. Digital dentistry has seen a great adoption in the diagnostic space, to quickly identify caries, determine the plan of treatment, easily visualize the criticality of each patient’s case, and educate the patient regarding their dental conditions.
North America segment accounted for the largest share of the digital dentistry market
The global Digital dentistry market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2022, the North America segment accounted for the largest share of the digital dentistry market. Rise in the number of dental diseases, increased DSO operations, high spending capacity of dental practices, increased number of skilled labor, increased support from government, and rise in awareness of oral diseases.
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Digital Dentistry Market Dynamics:
Drivers:
- Increasing demand for same-day dentistry
Restraints:
- The Lack of reimbursement for dental procedures
Opportunities:
- Consolidation of dental practices and rising DSO activity
Challenges:
- Reluctance to switch to digital dental solutions
Key Market Players:
The major players in the digital dentistry market include Dentsply Sirona (US), Envista Holdings Corporation (US), 3M Company (US), Ivoclar Vivadent AG (Switzerland), Planmeca OY (Finland), 3Shape (Denmark), Align Technologies (US), J Morita Corporation (Japan), 3D Systems, Inc. (US), Straumann Group (Switzerland), Stratasys (US), Kulzer (US), Vatech Co. Ltd. (US), Carestream Dental LLC (US), Bego GMBH & Co. KG (Germany).
Recent Developments:
- In March 2023, 3Shape launched TRIOS 5 intraoral scanner, 3Shape Unite platform, TRIOS Share, patient engagement, and studio apps, to help lab professionals to ease workflow with digital integration.
- In January 2023, 3Shape (Denmark) acquired LabStar (US) to grow and manage businesses. The acquisition helps provide innovation and customer service to dental labs with many more opportunities, especially in digital dentistry.
- In February 2022, BEGO GMBH Co., KG partnered with Whip Mix so that end users of Whip Mix VeriBuild and VeriEKO 3D printers can use Bego’s 3D printing material such as VarseoSmile Crownplus and VarseoSmile Temp.
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Digital Dentistry Market Advantages:
- Enhanced Precision and Accuracy: Digital tools such as CAD/CAM systems and intraoral scanners enable highly accurate and precise measurements, leading to better-fitting restorations and reducing the need for adjustments.
- Efficient Workflow: Digital processes streamline treatment procedures by eliminating the need for traditional molds and manual steps, saving both time and resources.
- Customization and Personalization: Technologies like 3D printing and computer-aided design allow for the creation of patient-specific dental prosthetics and appliances, leading to improved outcomes and comfort.
- Improved Patient Experience: Digital impressions are more comfortable for patients, reducing discomfort associated with traditional molds, and virtual simulations help patients visualize treatment outcomes, increasing their understanding and satisfaction.
- Remote Consultations and Teledentistry: Digital tools enable remote consultations, expanding access to dental care for patients in remote areas or with limited mobility.
- Data-Driven Treatment Planning: Digital records and software analytics enable data-driven insights for treatment planning, leading to more informed decisions and optimal outcomes.
- Reduced Radiation Exposure: Digital radiography uses lower radiation doses compared to traditional X-rays, improving patient safety.
- Environmentally Friendly: Digital dentistry reduces the need for physical materials like film and chemicals, making it more environmentally sustainable.
- Collaboration and Communication: Digital tools facilitate seamless communication and collaboration among dental professionals, enhancing coordinated care for patients requiring multidisciplinary treatments.
- Better Record Keeping: Digital records are easily accessible, reducing the risk of lost or damaged physical files, and aiding in the management of patient history.
- Cost-Efficiency: Over time, investments in digital technologies can lead to cost savings through reduced material wastage, decreased chair time, and fewer redo procedures.
- Technological Innovation: The digital dentistry market continues to evolve, pushing the boundaries of what’s possible in dental care and opening doors to new treatment options and techniques.
- Patient Education: Digital tools, such as augmented reality and virtual simulations, help educate patients about their oral health, treatment options, and expected outcomes.
- Minimal Invasive Procedures: Digital guidance systems allow for minimally invasive surgeries, preserving more of the patient’s natural dental structure.
- Quick Turnaround: With digital workflows, dental restorations can often be produced faster, reducing the time patients have to wait for their treatments to be completed.
Overall, the digital dentistry market’s advantages lie in its ability to provide accurate, efficient, patient-centered, and technologically advanced dental care, improving both patient experiences and outcomes.
Related Reports:
Intraoral Scanner Market – Global Forecasts to 2028
Collagen and Gelatin Market – Global Forecasts to 2028
Dental 3D Printing Market – Global Forecasts to 2028
Surgical Procedures Market – Global Forecasts to 2028
Dental Practice Management Software Market – Global Forecasts to 2028
About MarketsandMarkets™:
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
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MarketsandMarkets™ INC.
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Email: [email protected]
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
[email protected]
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Blockchain Press Releases
Surprises Guaranteed: Bybit Card Dishes Out Rewards in Holiday Giveaway
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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