The technological shift and innovation is revolutionizing the world and new avenues for growth are opening up at a fast pace. The constant transformation has pushed the industries to embrace the technology for creating a better and sustainable world. Orthodontists across the globe have been generally fond of the traditional methods for conducting treatment procedures. However, the new stream of Orthodontists are preferring to work with Digital techniques because they are cost-effective and time saving. The use of Intraoral Scanners and Intraoral Cameras has increased significantly since the past decade across hospitals and clinics. Table of Contents and Insights
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The Intraoral Scanners work on the principle of white light or laser to create a 3D image. The scanned data points re-create the entire oral structure digitally. The Intraoral Cameras perform in a similar manner as Intraoral Scanners. However the major difference lies in the precision and dimension of granularity. The Intraoral Cameras are affordable and easy to handle also compared to the intraoral scanners alone. 3D Printers are also helping dentists currently to develop braces, crowns and bridges. The CAD/CAM software which is integrated with the 3D Printer helps develop dental crowns as per the design.
According to a report by IndustryARC, the Digital Orthodontics market generated revenue of around $1.35 billion in 2014, which is estimated to grow at CAGR of 18% during the forecast period of 2014-2020. The total value of the market will be $3.6 billion by 2020.
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Asia Pacific region is the most promising geographic region for future growth of the market. The continuous improvement in healthcare infrastructure, rising per capita income and flexible government regulations are the key drivers for the market. The most dominant market in terms of geography is Americas followed by Europe. The technology adoption rate is the major factor behind sustained growth of the market.
The Digital Orthodontics market serves four main end users; Hospitals, Clinics, Labs and Research Institutes. The Hospitals have the highest adoption rate with countries such as the US, where it is 95% currently. The Hospitals treat multiple Orthodontic problems at one location which increases the adoption rate. The Clinics are also making use of Digital Technology in an increasing manner with new Orthodontic professionals embracing the change.
Digital Orthodontics market is a niche category and it is in expansion stage. Hence the market is witnessing New Product Launches which acts as the driving force. The cost of technology and slow implementation rate is acting as the challenges for the market.
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