Dental Market Watch - February 2024

Welcome to our February edition of Dental Market Watch. This month, we're delighted to present a rich array of updates, spanning from pivotal market trends and significant technological advancements to insightful studies that are shaping the future of dentistry.

February has been an exciting and action-packed month for the world of dentistry (and for us, too!) with the spotlight on two major events: AEEDC Dubai, the Middle East's premier dental trade show, and the Chicago Dental Society's Midwinter Meeting in the USA. These events have been the stage for numerous companies to unveil their latest products and innovations, as eagerly anticipated, alongside new partnerships and integrations. 

Moreover, most of the leading publicly traded companies have announced their financial results – stay tuned for a dedicated article on these financial updates. Additionally, given the high volume of market updates and notable announcements, we will be releasing another article focused exclusively on dental 3D printing. 

Undoubtedly, digital dentistry is flourishing, with the Intraoral Scanners (IOS) segment and the 3D printing market drawing the lion's share of attention. We're witnessing a surge of new intraoral scanners entering the market, alongside remarkable advancements in 3D printing materials - truly, "the chemistry of dentistry" coming to life. Additionally, Artificial Intelligence, software integrations, and the development of comprehensive platform ecosystems are enhancing digital dentistry, driving innovation across various facets of the dental market. Join us as we dive deep into these exciting developments!

Market Trends & Key Updates

• Comprehensive Outlook on Digital Dentistry: The Institute of Digital Dentistry, Dental Market Insights, and the Senior Vice President of 3Shape sheds light on 2024 pivotal dental market trends. Key factors include technological advancements, changing workforce demographics, cybersecurity, and the growth of Dental Service Organizations (DSOs). The adoption of generative AI, intraoral scanners, and 3D printing technologies is revolutionizing dental care towards efficiency, security, and patient-centricity.

• Envista Holdings CEO Succession Plan: Envista Holdings has initiated the search for a new CEO to succeed Amir Aghdaei, marking a significant transition focused on digital innovation, market expansion, and portfolio enhancement.

• Subscribili's $4.3 Million Seed Funding: Subscribili, pioneering a subscription-based dental care model, has secured $4.3 million in seed funding, aimed at boosting growth, technological development, and strategic partnerships. This investment highlights the potential for innovative care models to enhance affordability and accessibility in dental services.

• ZimVie Inc.'s Pure Play Dental Focus: Following its 2023 financial outcomes, ZimVie Inc. announces its strategic pivot to concentrate solely on the dental market, reinforcing its commitment to growth and innovation in the sector.

• Middle East Dental Market Resurgence: The Middle Eastern dental industry is projected to reach US$1.6 billion by 2029, driven by advancements in dental prostheses, digital dentistry, and implants, indicating a strong recovery and growth post-COVID-19.

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Intraoral Scanner Updates

• Launch of iTero Lumina: Align Technology unveils the iTero Lumina, featuring Multi-Direct Capture Technology for advanced scanning efficiency and accuracy. This lightweight scanner enhances ergonomics without compromising detail, setting a new standard in intraoral scanning technology. Pricing details remain undisclosed, adding anticipation to its market debut.

• PANDA P4: Panda Scanner introduces the PANDA P4, a lightweight and wireless intraoral scanner designed for convenience and high performance in dental practices.

• Ori Scan 2.0 - Subscription Model: Ori presents the Ori Scan 2.0 through a subscription model, offering an affordable entry into digital dentistry with its lightweight design and ongoing software development.

• BLZ Dental's INO200 IOS: BLZ Dental adds the INO200 to its intraoral scanner lineup, focusing on quick scans and improved patient comfort with its compact scanner tips.

• 3DMakerpro Medical at AEEDC Dubai 2024: Showcasing advancements in dental 3D scanning technology, 3DMakerpro Medical introduces the JMO1 intraoral 3D scanner, emphasizing user experience and cost-efficiency.

Diagnostics

• Dent.AI's AI-Based Diagnostic Tool: Enhancing the accuracy of dental X-ray analysis, Dent.AI introduces an AI-driven diagnostic tool, complemented by Denti.AI Voice for streamlined periodontal charting.

• DEXIS's DEXassist AI Feature: Integrating AI capabilities, DEXassist aids in detecting dental pathologies in 2D X-ray images, improving diagnostic accuracy and clinical workflows.

Digital Ecosystems & Integrations

• DEXIS's Digital Implant Ecosystem: A groundbreaking digital ecosystem for implant dentistry, incorporating AI to streamline the implant workflow, from diagnostics to treatment planning.

• Carestream Dental and iTero Scanner Integration: Enhancing workflow efficiency, Carestream Dental integrates iTero intraoral scanners with its imaging software, streamlining data management and case acceptance.

CBCT & X-Ray

• Planmeca's Viso G3: Expanding its CBCT lineup, Planmeca introduces the Viso G3, tailored for endodontics and implantology, with features aimed at improving diagnostics and patient safety.

• Carestream Dental's CS 8200 3D Access: A versatile imaging system combining CBCT, panoramic imaging, and more, designed to facilitate the integration of advanced diagnostics into dental practices.

• Mid America Dental's X4 Handheld X-Ray Device: Featuring Carbon Nano Tube technology, the X4 Handheld X-ray device offers a lightweight, efficient solution for dental diagnostics.

DSO Highlights

• Heartland Dental's Expansion: Marking a year of significant growth, Heartland Dental adds new practices and operatories, emphasizing its commitment to education and technological advancement.

• MB2 Dental's $2.344 Billion Financing: Securing substantial funding to fuel expansion, MB2 Dental emphasizes its innovative partnership model, reinforcing its position as a leading DPO.

• Smile Doctors' Network Growth: Demonstrating remarkable expansion, Smile Doctors extends its reach with new affiliations and locations, highlighting its collaborative community approach.

Study Insights

• Accuracy of Intraoral Scanners: A study reveals the superior accuracy of intra-oral scanners over conventional impressions for implant-supported prostheses, advocating for a shift towards digital methodologies.

• Invisalign Mandibular Advancement Appliances Study: Highlighting the inefficacy of Invisalign MAAs in treating class II malocclusion in tweens, this study calls for further research to address treatment outcome discrepancies.

In conclusion, this edition of Dental Market Watch encapsulates the significant trends and developments that are currently defining the dental industry. It showcases the continuous innovation and strategic initiatives that are shaping the future of dental care and manufacturing. The flourishing state of digital dentistry, highlighted by advancements in the Intraoral Scanners (IOS) segment, 3D printing technologies, and the integration of Artificial Intelligence, underscores a transformative period in dental market history. Stay tuned for our next edition as we continue to explore the evolving dental landscape.