Product Description
Overall, the South Korean digital dentistry market was valued at $79.5 million in 2023. This is expected to increase over the forecast period at a CAGR of 7.2% to reach $129.5 million.
The full report suite on the South Korean market for digital dentistry includes computer-aided design/computer-aided manufacturing (CAD/CAM) devices, CAD/CAM materials, dental 3D printers, dental 3D printer materials and CAD/CAM software.
MARKET REPORT DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2030, and Historical Data to 2020
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
- Leading Competitors
SOUTH KOREA DIGITAL DENTISTRY MARKET TRENDS
- The expansion of the digital dentistry market faces constraints due to pricing competition, predominantly fueled by the presence of low-cost manufacturers of equipment and materials. This influence is notably pronounced in the zirconia segments of the material market, where foreign zirconia producers with competitive pricing strategies have instigated a downward trend in prices, resembling a “race to the bottom.” Moreover, this phenomenon is increasingly observable in the capital equipment domain, leading to a decline in Average Selling Prices (ASPs) across all CAD/CAM device segments. The dental 3D printer market has similarly witnessed an influx of competitors, intensifying pricing pressures within this segment. As a result, the prevailing pricing competition hampers the overall market value growth across the entire digital dentistry market.
- The South Korean market for CAD/CAM devices boasts a diverse range of prominent contenders, including 3Shape, Medit, Dentsply Sirona, Align Technology, Roland DG, DOF, Arum Dentistry, Ivoclar Vivadent, Planmeca, and Yenadent. It’s essential to note that this report does not assess competitors in the CAD/CAM material market or the dental 3D printer market.
- The competitive scenario in South Korea is witnessing a surge in participants. Local players like Medit and DOF have recently entered the digital dentistry arena, while pioneers like Dentsply Sirona and 3Shape have been established for a longer period. Presently, Chinese companies are actively pursuing opportunities to expand their presence in South Korea, intensifying competition, particularly in the affordable segment of the CAD/CAM device market.
MARKET SEGMENTATION SUMMARY
- CAD/CAM Device Market – The market analysis is further broken down into segments by:
- Device Type: CAD/CAM Milling Units, Laboratory Scanners, Chairside Systems, Intraoral Scanners.
- Configuration: Tabletop, Benchtop, and Standalone.
- CAD/CAM Materials Market – The market analysis is further broken down into segments by:
- Product Type: CAD/CAM Blocks, CAD/CAM Discs.
- Material Type: Zirconia, Metal, Lithium Disilicate, Other Ceramics.
- Dental 3D Printer Market – The market analysis is further broken down into segments by:
- Material Type: Metal/Other, Resin.
- Dental 3D Printer Materials Market – The market analysis is further broken down into segments by:
- Material Type: Metal/Other, Resin.
- CAD/CAM Software Market
Research Scope Summary
| Report Attribute | Details |
|---|---|
| Region | Asia Pacific (South Korea) |
| Base Year | 2023 |
| Forecast | 2024-2030 |
| Historical Data | 2020-2022 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
