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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:
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Report Coverage |
Details |
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Market Revenue in 2023 |
$7.2 billion |
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Estimated Value by 2028 |
$12.2 billion |
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Growth Rate |
Poised to grow at a CAGR of 10.9% |
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Market Size Available for |
2021–2028 |
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Forecast Period |
2023–2028 |
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Forecast Units |
Value (USD Billion) |
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Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Segments Covered |
By product, by application, by specialty areas, by end users, and by region |
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Geographies Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa |
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Report Highlights |
Updated financial information / product portfolio of players |
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Key Market Opportunities |
Consolidation of dental practices and rising DSO activity |
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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.
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DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.
Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.
Key Insights:
ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.
BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.
ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.
Access the Full Report:
Read the full report in context here.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
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GZIRA, Malta, Nov. 28, 2024 /PRNewswire/ — Popular iGaming content provider BGaming has secured a highly sought-after licence in Peru, marking a significant milestone in its expansion across LatAm.
BGaming’s technical system of gaming software and its engaging portfolio have been officially approved by the gambling regulator Mincetur, a national administrative authority which implements and oversees all aspects of online gaming and sports betting in Peru. By receiving the B2B certification, BGaming broadens its appeal with local licenced operators in the newly regulated market.
The licence also opens up more opportunities for BGaming to expand its business and strengthen its position in the wider LatAm region, where it has enjoyed significant attention in the last 12 months.
Marina Ostrovtsova, CEO at BGaming, said: “Securing the Peru licence marks a pivotal moment in BGaming’s global expansion. This certification not only strengthens our presence in Latin America but also underscores our commitment to bringing high-quality, immersive gaming experiences to new audiences.
“We are excited about the opportunities this will unlock, both in terms of growth and the reception of our slots in this new market.”
BGaming is a fast-growing iGaming content provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 1,000+ online casinos worldwide. BGaming is the world’s first to support cryptocurrencies and offer Provably Fair games. Today the brand’s portfolio includes 100+ products with HD graphics and a clear user interface for every device. The studio is also known for its brand exclusives created in partnerships with leading operators in the industry.
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TAIPEI, Nov. 28, 2024 /PRNewswire/ — KryptoGO, a leader in Web3 financial infrastructure, has taken another groundbreaking step to ensure unparalleled user and enterprise safety by completing a rigorous security audit aligned with industry-leading methodologies. This milestone solidifies KryptoGO’s position alongside globally trusted platforms like 1Password, Metamask, and Trust Wallet, known for their exceptional security standards.
The audit, conducted with methodologies comparable to those used for 1Password—a benchmark in secure password management—focused on ensuring KryptoGO’s mobile applications, backend systems, and API endpoints meet the highest security standards. 1Password’s robust security features, such as end-to-end encryption, zero-knowledge architecture, and constant vulnerability testing, serve as the foundation for KryptoGO’s enhanced protection framework.
Demonstrating Excellence in Cybersecurity
KryptoGO has consistently showcased its expertise in security through achievements in prominent cybersecurity competitions and hackathons. Recognized for exceptional performance in events like 2024 BlazCTF, ETH Tokyo Hackathon, and ETH Taipei Hackathon, KryptoGO has solidified its reputation as a trusted innovator.
This audit marks another significant step forward, addressing potential vulnerabilities and reaffirming KryptoGO’s ability to safeguard user assets in an increasingly complex Web3 landscape. Notably, the findings resulted in a 50% reduction in vulnerabilities compared to prior assessments, demonstrating tangible progress in security hardening.
Why Security in Web3 Wallets Matters
In the Web3 ecosystem, wallets act as critical gateways, holding sensitive keys that grant users exclusive control over their digital assets. A single security lapse can lead to catastrophic consequences, including the loss of assets and the erosion of user trust.
Recognizing this, KryptoGO employs a multi-layered approach to private key management, ensuring the highest levels of security and reliability for its users:
- Device-Level Encryption: Private keys are encrypted with a Device Encryption Key and securely stored in the device’s protected environment (Keychain for iOS and Keystore for Android). Access to these keys is tightly controlled through biometric authentication, preventing unauthorized access.
- Password Protection with Argon2: For users who opt for password backups, KryptoGO utilizes Argon2-HMAC-SHA256 with 310,000 iterations to derive an Account Unlock Key (AUK). This industry-standard process, aligned with NIST guidelines, offers robust resistance to brute-force attacks while ensuring compatibility across a broad range of devices.
- Cloud Backup with Shamir’s Secret Sharing: To enhance convenience and accessibility, KryptoGO employs Shamir’s Secret Sharing Scheme (SSS) for password-free cloud backups. This approach splits private keys into multiple fragments (Key Shares) stored across diverse platforms like iCloud and Google Drive. Restoration is possible with any two fragments, ensuring data availability without compromising security.
These measures collectively address the most critical challenges in wallet security:
- Token Integrity: Robust lifecycle management prevents impersonation or unauthorized access.
- Advanced Encryption Standards: Sensitive wallet data and transactions are safeguarded by cutting-edge cryptographic techniques.
- Resilience Against Data Loss: Diverse and secure backup options ensure users can recover their wallets without fear of permanent loss.
- Access Control Enhancements: Multi-layered authentication mechanisms safeguard accounts.
- Secure APIs: Backdoor vulnerabilities and information leaks are actively prevented.
Results That Build Trust
The rigorous Cure53 audit, leveraging white-box and gray-box penetration testing, verified KryptoGO’s resilience against security threats. Cure53’s global reputation for securing critical systems further amplifies the credibility of KryptoGO’s security achievements. The resolution of key vulnerabilities identified during the audit, including token mismanagement and API access concerns, reflects KryptoGO’s dedication to continuous improvement and operational excellence.
Raising the Bar for Web3 Security
By achieving security certifications on par with 1Password and other leading platforms, KryptoGO has set a new benchmark for wallet safety in the Web3 era. These advancements empower users to confidently manage their digital assets while positioning KryptoGO as the trusted partner for enterprises seeking high standard and scalable blockchain solutions.
About KryptoGO
KryptoGO is a pioneer in Web3 solutions, providing secure, compliant, and user-friendly wallet services. Focused on stablecoin payment infrastructure and asset management, KryptoGO empowers businesses to seamlessly transition into the decentralized economy, backed by cutting-edge technology and industry best practices.
For more information on how KryptoGO can support your Web3 business needs, please visit www.kryptogo.com or contact us directly.
Media Contact: [email protected]
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