Stainless crowns are commonly used in dentistry as an esthetic alternative to traditional ceramic and tooth-colored crowns. Made from a stainless steel alloy, stainless crowns provide strength and longevity while closely mimicking the appearance of natural teeth. They are particularly suitable for restoring heavily decayed or fractured back teeth in children and teenagers. Stainless crowns offer an affordable and durable solution that can withstand years of chewing force.
The global stainless crowns market is estimated to be valued at US$ 1.3 billion in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The growing demand for esthetic dental treatments is expected to offer significant growth opportunities for the stainless crowns market over the forecast period. With rising cosmetic dental consciousness, consumers are increasingly seeking dental treatments and products that can help restore natural beauty. Stainless crowns are an attractive solution as they offer both function and aesthetic appeal at an affordable cost. Manufacturers are further enhancing the esthetic properties of stainless crowns through improvements in design and surface finish. The growing emphasis on appearance and smile makeover is estimated to drive the uptake of stainless crowns in the coming years.
Porter’s Analysis
Threat of new entrants: The Stainless Crowns market has moderate threat of new entrants due to the requirement of high capital investment and rigid regulatory framework for new players.
Bargaining power of buyers: The bargaining power of buyers is moderate given the availability of alternative technologically advanced dental restoration products.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are a few raw material suppliers and the switching cost from one supplier to another is low.
Threat of new substitutes: The threat of new substitutes is moderate as technologically advanced dental restoration procedures like dental implants are gaining popularity.
Competitive rivalry: Intense competitive rivalry among existing players.
SWOT Analysis
Strength: Stainless crowns offer better strength, durability and aesthetics compared to dental amalgam or composite materials.Growing awareness regarding oral healthcare and dental aesthetics.
Weakness: Requires more time for placement compared to direct restorative materials.Higher cost compared to commonly used direct restorative materials.
Opportunity: Rising geriatric population and subsequent increase in tooth loss cases. Increasing demand for minimally invasive and durable dental restorations.
Threats: Strong presence of alternative dental restoration procedures like dental implants, veneers, etc. High price sensitivity in price sensitive developing regions.
Key Takeaways
The Global Stainless Crowns Market Share is expected to witness high growth during the forecast period. North America is expected to dominate the market owing to favorable reimbursement policies, availability of advanced dental treatment procedures and growing dental tourism in countries like U.S. and Canada. Asia Pacific is expected to witness fastest growth rate during the forecast period supported by rising awareness, improving healthcare infrastructure and growing medical tourism industry in countries like India, Thailand and China.
Key players operating in the Stainless Crowns market are Dentsply Sirona, Ivoclar Vivadent, Modern Dental, 3M, Glidewell, Danaher, Zirkonzahn, Amann Girrbach, Coltene, Pritidenta. Dentsply Sirona and Ivoclar Vivadent are the market leaders owing to their robust product portfolio and global presence. Other prominent players are expanding their international footprint with strategic mergers and acquisitions.
For more insights, read- https://www.rapidwebwire.com/demand-for-aesthetic-and-long-lasting-dental-treatments-growth
Confused whether ceramic crowns are right for you or not?
Here in this blog, we have discussed several factors to help you decide.
