06 December 2023

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Dental Milling Machine Market to Reach $4.6 Billion, Globally, by 2032 at 8.5% CAGR: Allied Market Research

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According to the report, the global dental milling machine industry generated $2.1 billion in 2022 and is anticipated to generate $4.6 billion by 2032, witnessing a CAGR of 8.5% from 2023 to 2032.

Prime determinants of growth

Rise in prevalence of dental diseases, surge in demand for dental milling machine, increase in geriatric population, and rise in awareness regarding oral health and digital dentistry drive the growth of the global dental milling machine market. However, the high cost of dental milling machine is hampering the dental milling machine market growth. On the contrary, the increase in product launch is expected to offer remunerative opportunities for expansion of the dental milling machine market during the forecast period.

Economic Downturn Analysis: Impact of Recession in 2023 on the Dental Milling Machine Market 

During a recession, dental practices and laboratories may tighten their budgets and delay or reduce capital expenditures, which could include the purchase of new dental milling machines.

Thus, the recession is expected to temporarily impact the growth and investment in the dental milling machine market, whereas the long-term potential for the growth of dental milling machine market remains insignificant.

The in-lab milling machines segment to maintain its leadership status throughout the forecast period

By type, the in-lab milling machines segment held the highest market share in 2022, accounting for nearly three-fifths of the global dental milling machine market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to increase in number of dental laboratories which uses in-lab milling machines, and the high cost of in-lab milling machines. The in-office milling machines segment is projected to manifest the highest CAGR of 10.0% from 2023 to 2032, owing to reduced costs and greater flexibility. It also provides same-day restorations, reducing the need for multiple appointments and temporary restorations.

The 5-axis segment to maintain its leadership status throughout the forecast period

By axis, the 5-axis segment held the highest market share in 2022, accounting for more than two-thirds of the global dental milling machine market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to high use of 5-axis dental milling machine in dental laboratories and the wider availability of 5-axis dental milling machine. The 4-axis segment is projected to manifest the highest CAGR of 10.0% from 2023 to 2032, owing to its lower complexity & greater flexibility and low cost of the 4-axis dental milling machine.

The tabletop and benchtop segment to maintain its leadership status throughout the forecast period

By size, the tabletop and benchtop segment held the highest market share in 2022, accounting for nearly three-fifths of the global dental milling machine market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to high adoption of tabletop and benchtop dental milling machines, and technological advancement in tabletop and benchtop dental milling machines. The same segment is projected to manifest the highest CAGR of 9.4% from 2023 to 2032, owing to various advantages such as suitable for smaller dental practices or clinics with limited space. For instance, in February 2023 vhf camfacture AG launched compact milling machine E4, a highly innovative machine for wet and dry machining of blocks.

Source: https://www.alliedmarketresearch.com