By DE Editors
Millennium Research Group (MRG) has projected the global dental CAD/CAM system market will exceed $540 million by 2016. According to the company, the market will see particularly strong growth in its chairside segment, while Japan will see stronger growth overall than Europe or the United States.
MRG reports that the dental CAD/CAM system market was affected by the global economic slowdown, but is resuming strong growth as economies improve. These improvements are being seen in the United States and Japan now, while European countries, particularly the United Kingdom and Italy, are not expected to see improvements until 2014 or later.
The chairside segment, which permits dentists to have CAD/CAM functionality in their offices, will show the most significant growth worldwide. From around 50 percent of this market in 2010, chairside systems and intra-oral scanners will hold nearly 60 percent of a much larger market by 2016.
“The Japanese market will see the most dramatic growth through 2016,” said MRG analyst Brady Baker. “This market is extremely under penetrated, but at the same time has a large number of technologically savvy dentists who are seeking a marketable advantage in their practice. Because the ceramic dental restorations associated with CAD/CAM technology are not reimbursed by national health insurance, reimbursement cuts to competing traditional metal restorations will actually improve the relative cost of ceramics.”
For more information, visit Millennium Research Group.
Sources: Press materials received from the company and additional information gleaned from the company’s website.