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According to the latest research by Persistence Market Research, robotic dentistry market is set to witness 17% growth during the forecast period from 2021 to 2031. This robust growth will be experienced due to the technological advancement in the field of healthcare. Therefore, robotic dentistry market is expected to grow at a high CAGR.
Robotic surgery is gaining popularity in various medical fields including dentistry department. This popularity is due to the wide range of application, functionality, and accuracy. The chances of human error are negligible in case of robotic dentistry. The healthcare expenditure has increased in many developing countries along with developed countries that also play a vital role in increasing the demand of robotic dentistry.
Also, dental diseases have become very common and its incidences are rising globally. For instance, according to WHO, approximately 3.5 billion people suffered from oral diseases in 2017, globally. These factors are expected to drive the sales of robotic dentistry.
Furthermore, the advancement in technology plays an important role in increasing the demand for the robotic dentistry. Innovative technologies used for the treatment of dental issues like robotic surgery. These above factors enhance the demand for robotic dentistry.
U.S. and Canada will remain the leading players in the robotic dentistry market worldwide. This is anticipated due to the presence of key players and technological advancement in the region. For instance, New York University in March 2021 declared that it has become the first dental school to use robot-assisted dental implant surgery in world.
Also, the prevalence of dental diseases is rising in U.S. For instance, according to CDC, approximately 25% and 13% adults and children suffered from dental caries in U.S. at the end of 2018. These factors will help in increasing the sales of robotic dentistry during the forecast period from 2021 to 2031.
The EU keeps expanding its healthcare sector to meet the demand of the increasing population. Oral and dental issues increased with age. Older adults were more prone to dental issues and Europe has highest geriatric population. According to WHO, 20% of Europe’s population comprised of 65 and above age individuals in 2020 that is approximately equal to 91 million.
Also, Europe is expanding its medical sector by including innovative technologies in the region. Therefore, the robotic dentistry sale will increase in the region during the forecast period from 2021 to 2031.
Some of the key players of robotic dentistry are
The manufacturer in the market follow certain strategies like merger & acquisition, new product launch and collaboration to gain good position in market. For instance, in 2020, Medtronic acquired Medicrea, company known for artificial intelligence driven surgeries.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
