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Digital Dentistry Market worth $12.2 billion | MarketsandMarkets

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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:

  1. Increasing demand for same-day dentistry

Restraints:

  1. The Lack of reimbursement for dental procedures

Opportunities:

  1. Consolidation of dental practices and rising DSO activity

Challenges:

  1. 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:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/digital-dentistry-market.asp
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Blockchain Press Releases

Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications

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NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.

About Webb

Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.

The Challenge and Our Solution

Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.

Why Tangle Network?

Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:

  • Proof Generation: Delegate computational tasks to our validators.
  • Trusted Setups: Tangle Network manages complex ceremonies for you.
  • Secure Signing: Utilize our threshold signing for cross-chain operations.

By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.

Noteworthy Features

  • Unparalleled speed, security, and scalability via Substrate.
  • Decentralized control through Distributed Key Generation (DKG).
  • Advanced protocols for zero-knowledge applications.
  • Cross-chain compatibility with IBC and XCM.
  • Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
  • Smooth, forkless upgrades.

What’s Next?

The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.

Testnet Quick Links

Get Involved

  • Developers: Start building on Tangle today. Learn More
  • Validators and Relayers: Help secure and maintain the network. Learn More
  • Join the Community: Follow us on Twitter or join our Discord.

Contact Us
For media inquiries, partnerships, or more information, email us at [email protected] 

Visit our website

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Blockchain Press Releases

ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets

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SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”

The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).

Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.

Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.

Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges.  ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.

For detailed insights into ChainUp’s innovative solutions, please visit: https://www.chainup.com?channel=pr&type=article

About ChainUp
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.

CONTACT: Jacelynn Pang, [email protected] 

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Blockchain Press Releases

BingX Collaborates with WunderTrading to Elevate Crypto Automated Trading

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SINGAPORE, Sept. 27, 2023 /PRNewswire/ — BingX, a leading global cryptocurrency exchange, is thrilled to announce its integration with WunderTrading, a cutting-edge platform that allows users to trade and invest crypto seamlessly using automated trading bots. This strategic partnership is aimed at enhancing the automated trading experience for BingX users and introducing a new level of convenience and innovation.

WunderTrading is a cloud-based cryptocurrency trading platform that simplifies cryptocurrency trading experience for beginners. Users can easily copy strategies of renowned traders or create their own. The platform offers an advanced trading terminal and automated bots integrated with TradingView, allowing users to manage portfolios efficiently within a single app. WunderTrading stands out by consolidating trading tools, enhancing user experience, and introducing unique features like the Spread-trading Terminal.

The integration of BingX and WunderTrading offers BingX users a significant advantage. With access to TradingView integration and the innovative Spread-trading Terminal, users can automate their trading strategies and diversify their portfolios with minimal risk. The Spread-trading terminal enables BingX users to choose assets for constructing a spread and will execute buy and sell orders simultaneously for the selected pairs. This integration empowers BingX users to create and fine-tune crypto trading bots swiftly, providing a unique opportunity to optimize their trading while minimizing market volatility risks.

Megan Nyvold, Head of Branding at BingX, expressed her excitement about the collaboration, saying, “BingX is always striving to offer our users the most innovative and user-friendly tools to navigate the crypto market with efficiency and greater ease. Our partnership with WunderTrading is a significant step forward. With this integration, we empower our users to trade smarter, diversify their portfolios, and navigate the crypto market with newfound confidence. We’re excited to see our users leverage the power of automated trading through WunderTrading and make the most of this enhanced trading experience.”

As BingX and WunderTrading join forces, users can look forward to an enhanced trading journey filled with innovative tools and features designed to optimize their trading strategies.

About BingX

BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Please visit https://bingx.com to learn about BingX.

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