RoboInd market brief: Robotic Dentistry Market Growth, Drivers, and Opportunities Market is projected to grow at a stated CAGR of 17.3%.
Market snapshot
Stated compound annual growth rate: 17.3%.
Market overview
The global robotic dentistry market, valued at US$0.3 billion in 2022, stood at US$0.4 billion in 2023 and is projected to advance at a resilient CAGR of 17.3% from 2023 to 2028, culminating in a forecasted valuation of US$1.0 billion by the end of the period. 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.
Market drivers and constraints
- 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.
- 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.
- 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.
- 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.
Reading the figures: Values follow the market definition and forecast period stated in the source report. Estimates using different scopes should not be combined without normalization.