Robotic Dentistry Market by Product and Services (Standalone Robots, Robot Assisted Systems, Software, Services), Application (Implantology, Endodontics), End User (Dental Hospitals, Clinics, Dental Academic, Research Institute) & Region - Global Forecast to 2028
The global robotic dentistry market in terms of revenue was estimated to be worth $0.4 billion in 2023 and is poised to reach $1.0 billion in 2028, growing at a CAGR of 17.3% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
The incidence of dental problems such as dental caries and the growing market for dental tourism in developing countries, rising incidences of oral health disorders, benefits of using robot systems and adoption of advanced technologies are major key drivers for the market. However, the high cost of standalone robot is the factor which impede the market growth.
In this report, the robotic dentistry market is segmented into –products and services, applications, end user and region.
Attractive Opportunities in the Robotic dentistry Market
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Robotic Dentistry Market Dynamics
Driver: Technological advancements in robotic dentistry
The Robot assisted system and software can be used in detection and objective monitoring of oral diseases such as periodontal diseases and implant placements. Recent technological advancements includes use of standalone robots. In implantology the robotic dentistrys can be used for guided surgery, which can be used for the precise placement of implant roots.
Restraint: High cost of robotic dentistry and dental procedures
The average cost of one robotic system can go up to USD 1,50,000. Due to this, most small and medium sized dental businesses are unable to invest in robotic systems.
Additionally, most dental procedures are offered at a high cost especially in developed countries. For instance, most of the insurance providers in developed regions across North America and Europe consider dental implants a cosmetic product. Hence, they provide minimal or no reimbursements for dental implants. Therefore, patients must bear the major portion of the cost, with little support from insurance coverage. Because of this, patients decision to opt for treatment largely depends on their ability to afford it. This is a major factor restricting the adoption of technologically advanced solutions in developed countries leading to become a retraint for the adoption of robotic dentistry due to high cost.
Opportunity: Potential for growth in emerging countries
China, Japan, the Middle East, Australia, and India are the some of the emerging markets for robotic dentistry systems. In most of these geographies, the market is in a primitive stage.
The high growth potential of these markets can be attributed to their expanding middle-class population and increasing income levels. The expeditious increase in the incidences of oral health disorders, developing oral healthcare infrastructure, willingness to spend on dental treatments due to an increase in disposable incomes, and increase in the awareness of oral hygiene are expected to spur the demand for robotic dentistry.
Challenge: Dearth of trained dental practitioners
The dearth of the dental professionals in countries potrays a significant challenge as the dental disorders amongst the population is increasing. There is an increase in the incidences of dental diseases and dental problems. According to National Health Resources and Services Administration, US will face a shortage of over 4,000 general dentists in 2030.
Robotic Dentistry Market Ecosystem
The top key players of the market include well-established, financially stable manufacturers of robotic dentistry. These companies have a divergent product portfolio, strong sales network globally, and state-of-the-art technologies.
Some key market players include Planmeca Oy (Finland), Align Technology Inc. (US), Intutive surgical Inc,(US), DENTSPLY SIRONA Inc. (US) and Envista Holdings Inc. (US).
Among end users, Dental Hospitals and Clinics occupy the largest share of the robotic dentistry industry in 2022.
The dental hospitals and clinics, occupy the largest share of the robotic dentistry market. This can be attributed to increasing number of dental practices, rising dental expenditure and growing patient population. Dental tourism is a growing and emerging phenomenon which is becoming more attractive due to its potential for decreased expenses, increased convenience, and immediacy of treatment.
Among products and services, robot-assisted systems and software occupy the largest share of the robotic dentistry industry in 2022.
Robot-assisted systems & software includes the tools and software to enhance and carry out dental treatment and planning smoothly without any errors. These systems and software support the robotic systems for better treatment and diagnosis. Additionally, the location and angulation detection of software and systems is much more accurate Therefore, it is anticipated that the increased output provided by these systems will accelerate the segment’s expansion.
Among Applications, Implantology occupy the largest share of the robotic dentistry industry in 2022.
A primary factor in the use and growth implantology application is immediate solution, which allows an implant to be placed immediately in a tooth extraction socket or for a prosthesis to be mounted on an implant immediately after its placement. This allows for fewer dentist visits and faster treatment times. The positioning of the drill incorrectly might result in extensive bleeding, nerve injury, and other complcations. Due to the accuracy of the robot-assisted systems and software robots it is anticipated to produce dental implants that are more dependable and successful.
North America was the largest market in the world for robotic dentistry industry in 2022.
In 2022, the The north America occupies largest share in the robotic dentistry market globally. The growth of this market can mostly be attributed to availability of reimbursements and support from the government support. There is also an increase in number of hospitals which can attribute to the growth of the robotic dentistry market. The region's growth is attributed to technological advancements, and the presence of key players is expected to boost the market in the forecast period.
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The key players in the robotic dentistry market include DENTSPLY SIRONA Inc, (US), Align Technology Inc. (US), Envista Holdings Corporation (US), Intutuive Surgical Inc,(US), and Planmeca Oy.(Finland) .
These companies adopted strategies such as partnerships, acquisitions, and collaborations to strengthen their presence in the robotic dentistry market.
Scope of the Robotic Dentistry Industry:
|
Report Metric |
Details |
|
Market Revenue in 2023 |
$0.4 billion |
|
Projected Revenue by 2028 |
$1.0 billion |
|
Revenue Rate |
Poised to Grow at a CAGR of 17.3% |
|
Market Driver |
Technological advancements in robotic dentistry |
|
Market Opportunity |
Potential for growth in emerging countries |
The study categorizes the robotic dentistry market to forecast revenue and analyze trends in each of the following submarkets:
By Product & service
- Standalone robot
- Robot-assisted system and software
- Services
By Applications
- Implantology
- Endodontics
- Others
By End User
- Dental Hospitals and Clinics
- Dental Academic and research institutes
By Region
-
North America
- US
- Canada
-
Europe
- France
- Germany
- UK
- Italy
- Spain
- Rest of Europe
-
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Middle East and Africa
Recent Developments of Robotic Dentistry Industry
- In November 2022, Neocis announced its FDA approval for the product Yomi Robot, which will now enable dental professionals to perform robot-guided alveoloplasty of the mandible and/or maxilla (often referred to as bone reduction).
- In October 2022, Intutive Surgicals, Inc.(US) were joined by Neocis’ existing partners,with an investment of USD 40 million bringing total investment in the Miami-based business
- In May 2022,DENTSPLY SIRONA Inc. launched a primeprint 3D printer which has a robotic arm
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the global robotic dentistry market?
The global robotic dentistry market boasts a total revenue value of $1.0 billion in 2028.
What is the estimated growth rate (CAGR) of the global robotic dentistry market?
The global robotic dentistry market has an estimated compound annual growth rate (CAGR) of 17.3% and a revenue size in the region of $0.4 billion in 2023.
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This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, key players, competitive landscape, key market dynamics, and key player strategies.
Secondary Research
The secondary research process involved the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the robotic dentistry market. It was also used to obtain important information about the key players and market classification and segmentation according to industry trends to the bottom-most level and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations operating in the robotic dentistry market. The primary sources from the demand side included industry experts, purchase & sales managers, doctors, and personnel from research organizations. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends and key market dynamics.
A breakdown of the primary respondents for the robotic dentistry market is provided below:
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Tiers are defined based on a company’s total revenue. As of 2022: Tier 1= >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3= <USD 500 million.
Market Size Estimation
The total size of the robotic dentistry market was determined after data triangulation from four approaches, as mentioned below. After each approach, the weighted average of the three approaches was taken based on the level of assumptions used in each approach.
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Global Robotic Dentistry Market Size
Approach to calculating the revenue of different players in the robotic dentistry market
The size of the global robotic dentistry market was obtained from annual reports, SEC filings, online publications, and extensive primary interviews. A percentage split was applied to arrive at the size of market segments. Further splits were applied to arrive at the size for each sub-segment. These percentage splits were validated by primary participants. The country-level market sizes obtained from the annual reports, SEC filings, online publications, and extensive primary interviews were added up to reach the total market size for regions. By adding up the market sizes for all the regions, the global robotic dentistry market was derived.
Approach to derive the market size and estimate market growth
The market size and market growth were estimated through primary interviews on a regional and global level. All responses were collated, and a weighted average was taken to derive a probabilistic estimate of the market size and growth rate.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Robotic dentistry refers to the automatically controlled programs that perform minimally invasive dental procedures. Robots are machines that perform automatic manual tasks programmed by a computer. Robotic dentistry uses robotic technology to carry out dental treatments with extreme efficiency and precision. The market is fueled by rising demand for minimally invasive procedures and the rising use of innovative dental technologies. These systems and software are mostly used for implant placements. Standalone robots are machines that perform all the treatments and manual tasks automatically programmed by a computer. These carry out the whole end-to-end dental treatments/Procedures/diagnostics. The services include the integration of systems or software, annual maintenance, and troubleshooting.
Key Stakeholders
- Manufacturers and distributors of medical devices
- Robotic dentistry manufacturers
- Contract manufacturers of robotic dentistry
- Distributors of robotic dentistry
- Research and consulting firms
- Raw material suppliers of robotic dentistry
- Dental hospitals and clinics
- Dental laboratories and associations
- Dental practitioners
- Dental laboratory technicians
- Healthcare institutions
- Diagnostic laboratories
- Hospitals and clinics
- Academic institutions
- Research institutions
- Government associations
- Market research and consulting firms
- Venture capitalists and investors
Report Objectives
- To define, describe, segment, and forecast the robotic dentistry market by type, application, end-user, and region/country
- To provide detailed information about the factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the robotic dentistry market in Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
- To strategically profile key players in the robotic dentistry market and comprehensively analyze their core competencies2
- To track and analyze competitive developments, such as acquisitions, product launches, partnerships, and collaborations
- To analyze the impact of the recession on the robotic dentistry market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
- Additional country-level analysis of the robotic dentistry market
- Profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Robotic Dentistry Market