South Korea Dental 3d Printing Market Size & Outlook
South Korea dental 3d printing market, 2018-2030 (US$M)
Related Markets
South Korea dental 3d printing market highlights
- The South Korea dental 3d printing market generated a revenue of USD 26.5 million in 2023 and is expected to reach USD 136.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 26.4% from 2024 to 2030.
- In terms of segment, orthodontics was the largest revenue generating application in 2023.
- Prosthodontics is the most lucrative application segment registering the fastest growth during the forecast period.
Dental 3d printing market data book summary
| Market revenue in 2023 | USD 26.5 million |
| Market revenue in 2030 | USD 136.8 million |
| Growth rate | 26.4% (CAGR from 2023 to 2030) |
| Largest segment | Orthodontics |
| Fastest growing segment | Prosthodontics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Orthodontics, Prosthodontics, Implantology |
| Key market players worldwide | SLM Corp, Desktop Metal Inc Ordinary Shares - Class A, Dentsply Sirona Inc, Straumann Holding AG, Prodways Group SA, Planmeca, 3D Systems Corp, Stratasys Ltd, Renishaw PLC, Roland DG Corp, Formlabs |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.8% of the global dental 3d printing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan dental 3d printing market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 139.4 million by 2030.
Orthodontics was the largest segment with a revenue share of 38.11% in 2023. Horizon Databook has segmented the South Korea dental 3d printing market based on orthodontics, prosthodontics, implantology covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is actively investing in R&D of 3D printing technology, which can help in creating a better future. However, the technology is still in the development stage in the country, as it is mainly used and developed by knowledge institutes and still needs some time to be commercialized in the market.
In January 2020, the ICT’s National Radio Research Agency and Ministry of Science of Korea submitted two standard proposals that describe the procedure for developing customized 3D-printed prosthetics based on patient requirements. Korean experts are undertaking initiatives for international standardization of 3D printing in the medical field by collaborating with foreign professionals.
This might also help in forming a proposal on a global level by 2022. The establishment of this proposal will smoothen the manufacturing process of patient-specific 3D-printed medical products in Korea, which in turn, may drive the market growth during the forecast period.
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Dental 3D Printing Market Scope
Dental 3D Printing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea dental 3d printing market size, by application, 2018-2030 (US$M)
South Korea Dental 3D Printing Market Outlook Share, 2023 & 2030 (US$M)
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