The global Stainless Crowns Market is estimated to be valued at US$ 1.3 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Stainless steel crowns are thin prefabricated crowns made of stainless steel alloy that are placed over primary (baby) teeth. They are used for restoring severely decayed posterior (back) primary teeth during childhood between the ages of 2-16 years. Stainless steel crowns adhere firmly to tooth structure, are durable, corrosion resistant and esthetically pleasing. They protect tooth structure, are easy to place and prevent further tooth decay. Their advantages over conventional dental fillings and composites include greater strength, lasting longer on teeth, protection against further decay and ability to restore severely damaged teeth. They are primarily used by pediatric dentists for restoring heavily decayed, badly broken down or fractured primary molars and premolars in children which are not amenable to conventional dental fillings or restorations.
Market Key Trends:
One of the key trends in the stainless crowns market is the growing demand for esthetically enhanced tooth-colored crowns. This is driven by increasing consumer awareness and focus on appearance of smile and esthetics. To address this, manufacturers are developing crowns made of zirconia, composite resins and veneers that better mimic the appearance of natural tooth structure and gum tissues compared to conventional steel crowns. They provide a more cosmetically pleasing and natural look. Another trend is the popularity of preformed crowns that reduce chair-side time and produce consistent, predictable restorations. Advancements in 3D printing and CAD/CAM technologies have enabled quick and easy manufacturing of highly customized preformed crowns with improvements like enhanced marginal fit, occlusion and esthetics. Further, manufacturers are focusing on improving material properties like strength, fracture resistance and biocompatibility of crowns through continuous research and development.
Porter’s Analysis
Threat of new entrants: Low capital requirements and established brands lower barriers to entry. However, existing players have significant economies of scale.
Bargaining power of buyers: High level of competition empowers buyers to demand lower prices and better product offerings.
Bargaining power of suppliers: Few global suppliers for key materials limits ability to influence prices. Supply chain disruptions increase buyer power.
Threat of new substitutes: Alternatives like all-ceramic crowns emerging but stainless steel remains popular for strength and affordability.
Competitive rivalry: Intense competition among large multinationals and regional players. Strong focus on innovation, marketing and acquisitions.
Key Takeaways
The Global Stainless Crowns Market Demand is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing demand for durable and affordable dental solutions. The North America Stainless Crowns market holds the largest share currently and is expected to maintain dominance over the forecast period due to rising dental expenditure and focus on oral hygiene in the region.
Regional analysis: The Asia Pacific region is expected to grow at the fastest pace during the forecast period owing to rising healthcare spending, growing middle class population and increased focus on aesthetics in countries like China and India.
Key players: Key players operating in the Stainless Crowns market are Dentsply Sirona, Ivoclar Vivadent, Modern Dental, 3M, Glidewell, Danaher, Zirkonzahn, Amann Girrbach, Coltene, Pritidenta. Manufacturers are focusing on new product launches and acquisition strategies to gain market share.
Read More:
https://www.marketwebjournal.com/stainless-crowns-market-demand-size-and-forecast/
Confused whether ceramic crowns are right for you or not?
Here in this blog, we have discussed several factors to help you decide.
