Analyst Viewpoint:
Robotic Dentistry Market size is predicted to experience significant growth in the coming decades, driven by several factors such as the increasing demand for minimally invasive dental procedures, advancements in robotic technology, rising prevalence of dental disorders and diseases, and growing awareness about oral health and hygiene. Additionally, the shorter treatment time and faster recovery for patients, reduced risk of errors and complications during dental procedures, and rising adoption of dental implants and orthodontics are also expected to contribute to the growth of the market. However, the high cost of robotic dental equipment and procedures, lack of skilled professionals, limited reimbursement policies, and regulatory hurdles are some of the factors that could hinder the growth of the market.
Market Overview:
Robotic dentistry market size reached over USD XX Billion in 2022 and is projected to grow at more than 16.5% CAGR through 2023 - 2032. By the end of the forecast period, the market is expected to reach a valuation of around USD XX Billion.
Robotic dentistry is a field of dentistry that involves the use of robots and advanced technology to perform various dental procedures. The concept of robotic dentistry is based on the idea that robots can perform certain dental procedures with greater precision, accuracy, and speed than human dentists. Robotic dentistry has the potential to revolutionize the way dental procedures are performed. For example, robots can perform complex dental surgeries with greater accuracy and precision, reducing the risk of complications and improving patient outcomes. Additionally, robots can work continuously without getting tired, which can lead to shorter procedure times and increased efficiency in dental clinics.
Despite the potential benefits of robotic dentistry, it is still in the early stages of development, and there are many technical and regulatory challenges that need to be overcome. However, as technology continues to advance, it is likely that we will see more widespread use of robots in dentistry in the coming years.
Drivers:
- Increasing demand for minimally invasive dental procedures
- Advancements in robotic technology
- Rising prevalence of dental disorders and diseases
Restraints:
- High cost of robotic dental equipment and procedures
- Lack of skilled professionals to operate and maintain robotic dental systems
Increasing demand for minimally invasive dental procedures is the prominent factor boost the industry growth
Rising demand for minimally invasive dental procedures is one of the major driving factors for the growth of the robotic dentistry market. With the growing awareness among patients about the benefits of minimally invasive procedures, such as reduced pain, faster recovery, and less scarring, there has been a shift in preference towards such procedures. Robotic dentistry offers a minimally invasive approach that utilizes advanced technology to perform dental procedures with precision and accuracy.
This reduces the need for large incisions, which results in less pain, reduced healing time, and lower risk of complications. Robotic dentistry also offers the potential for greater accuracy and precision, which can result in better treatment outcomes for patients. Therefore, the increasing demand for minimally invasive dental procedures is slated to drive the adoption of robotic dentistry during the forecast timeframe.
Regional Overview:
North America is the largest regional market for robotic dentistry, owing to the high adoption rate of advanced technologies, increasing demand for minimally invasive procedures, and a rising prevalence of dental disorders. The US is the primary contributor to the growth of the North American market, with the presence of major manufacturers, significant investment in R&D, and favorable reimbursement policies.
The Asia Pacific region is anticipated to be the fastest emerging region in the robotic dentistry market over the forecasted years, on account of the rising demand for dental procedures, increasing disposable income, and growing awareness about oral health and hygiene. China and India are the primary contributors to the growth of the APAC market, with a large patient pool and improving healthcare infrastructure.
Recent Development:
- In December 2021, Auris Health Inc. declared that a MONARCH Robotic-Assisted Bronchoscopy procedure was executed in Hong Kong this week, which is the first MONARCH procedure to occur outside the United States.
- In March 2017, Neocis Inc. has announced that it has received 510(k) clearance from the US Food and Drug Administration (FDA) to market Yomi, a robotic guidance system for dental implant procedures. Yomi is a computerised navigation system designed to aid in both the planning (pre-operative) and surgical (intra-operative) phases of dental implantation surgery. The system includes software for preoperatively planning dental implant procedures as well as navigational guidance for surgical instruments.
Leading manufacturers include in the global robotic dentistry market are:
- Auris Health Inc.
- Dentsply Sirona
- Neocis Inc.
- Dentsply Sirona
- Hocoma AG
- Medtronic
- Tmsuk co. ltd
- Omnicell Inc.
- Smith & Nephew
- Stryker Corporation Omnicell Inc.
- Theranautilus
- BD Rowa
- J. MORITA CORP
In-depth analysis of robotic dentistry market along with industry coverage and forecasting for the following segments:
Market Revenue, By Offering
- Systems
- Services
Market Revenue, By Applications
- Dental Nanobots
- Scanning
- Dental Patient Robots
- Others
Market Revenue, By End Users
- Dental Clinics
- Hospitals
- Academic And Research Institutes
Market Revenue, By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America