Due to the emphasis on dental aesthetics in South Korea, many CAD/CAM companies have seen a potential market and promoted their systems with substantial discounts.
Vancouver, BC (PRWEB) June 10, 2015
In a recently published report on the Asia-Pacific dental prosthetic market by iData Research (http://www.idataresearch.com), the emphasis on dental aesthetics in South Korea has increased over the past few years. This has resulted in continued market growth at a steady rate, driven by patient demand, as well as low procedural cost. Over the forecast period, the South Korean dental prosthetic and CAD/CAM market is projected to reach a value of nearly $4 billion.
The South Korean market has relied on traditional methods and materials for the fabrication of prosthetics, such as porcelain-fused-to-metal crowns. Consequently, there was little investment in CAD/CAM systems compared to more developed markets, such as the U.S. and parts of Europe.
“Due to the emphasis on dental aesthetics in South Korea, many CAD/CAM companies have seen a potential market and promoted their systems with substantial discounts,” explains Dr. Kamran Zamanian, CEO of iData. “Therefore, the in-lab system market is approaching saturation, with a small percentage of dental labs remaining that can afford the systems.”
Prices for CAD/CAM systems and CAD/CAM blocks are expected to gradually decrease throughout the forecast period. As scanner and milling units become increasingly affordable, more laboratories and dental clinics will be able to invest in the technology. The increasing use of CAD/CAM systems in conjunction with decreasing block prices will drive growth in the CAD/CAM prosthetics market.
However, CAD/CAM block sales are contingent on CAD/CAM system unit sales and the current installed base. Whether or not dental laboratories and offices can afford to purchase the system is a limiting factor for the CAD/CAM block market. In addition to initial investment costs of purchasing the equipment, there are associated maintenance fees and possible activation fees. Although prices for CAD/CAM systems have been on the decline, it is nevertheless still a large investment, especially for smaller labs and dental clinics.
In 2014, Sirona Dental Systems Inc. was the market leader in the South Korean CAD/CAM system market with over 50% market share. Sirona’s success can be attributed to their “pay-per-unit” (PPU) initiative with their inLab® 3D CAD software product. The PPU option provides smaller labs with an affordable payment plan, as they would only be required to pay on a per-case basis. Larger labs with high throughput can purchase an unlimited-use version for an upfront price.
Other notable competitors in the South Korean market for dental prosthetics and CAD/CAM devices include 3M ESPE, 3Shape, E4D Technologies, KaVo, DENTSPLY, Wieland, Nobel Biocare, Dentaim, Roland DG, Kurray Noritake, Yenadent, Align Technology, Amann Girrbach, Dental Wings, GC Tech, Imes-icore, Shinning 3D, Straumann and Zfx among others.
For Further Information
More on the dental prosthetics and CAD/CAM market in South Korea can be found in the report published by iData entitled Asia-Pacific Markets for Dental Prosthetics and CAD/CAM Devices. This report covers Japan, South Korea, Australia, and China, and includes the following market segments: CAD/CAM prosthetics, crown and bridges, dentures, CAD/CAM systems, milling CAD/CAM systems, standalone CAD/CAM scanners and chairside systems.
The full iData series on the market for dental prosthetics and CAD/CAM devices covers the U.S., Brazil, Argentina, Mexico, China, Japan, South Korea, Australia, and 15 countries in Europe. Full reports provide a comprehensive analysis including units sold, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment.
Register online or email us at info(at)idataresearch(dot)net for an Asia-Pacific Markets for Dental Prosthetics and CAD/CAM Devices report brochure and synopsis.
About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Diabetes Drugs, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology and more.