Dental Simulator Market is Set to Hit a Revenue of US$ 345 Mn in 2022 and is Estimated to Earn Worth of US$ 750 Million by Clocking a CAGR of 8% During Forecast Period of 2022-32 – Future Market Insights, Inc.

Growing Need to Implement Simulation-Based Training in Dental Practises to Bring Lucrative Prospects for the Market with Valuation of US$ 750 Million by 2032: FMI Study. The Asia Pacific is expected to grow at a CAGR of 7% for dental simulator in the assessment period 2022-2032

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NEWARK, Del, Nov. 30, 2022 (GLOBE NEWSWIRE) -- A recently published study by FMI expects the global dental simulator market to augment at an 8% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 750 Million is expected for the market. From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 6% and closing at US$ 325 Million.  

The growing need to implement simulation-based training in dental practises such as surgery, thereby reducing the cost spent on cadavers and other study models, and rising awareness about human-like texture dental simulators with haptic feedback responses in dental schools in developing countries are some of the key factors contributing to the industry's growth. Furthermore, breakthroughs in dental treatment results offered by smile simulators are propelling business expansion. 

Virtual reality has been widely used in dentistry to supplement dental education and to replace traditional teaching techniques in preclinical settings. Dentistry has steadily been coupled with cloud computing, deep learning technology, and 5G to provide students with improved learning aid and different training modules as technical and scientific advancements have occurred.  

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Patient simulators that demonstrate symptoms of dental illnesses and respond to therapy, displaying simulated emotions, are also included in simulation units. This function assists dental training practitioners in honing their patient-handling abilities. Hence, all these factors propel the demand for the dental simulator market. 

Key Takeaways from the Market Study 

  • FMI projects the global dental simulator market to expand at an 8% value CAGR by 2032 
  • The global dental simulator market is estimated at a market value of US$ 345 Million 
  • The global dental simulator market is expected to garner a market value of US$ 750 Million 
  • As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 7% for dental simulator in the assessment period 2022-2032. 
  • North America is expected to grow at a CAGR of 7.5% for dental simulator market during the forecast period. 
  • The hardware segment is expected to spike at a CAGR of 7.9% market share for dental simulator in the forecast period 2022-2032.  

The software segment is gaining traction owing to its convenience and low cost, an increasing number of people are adopting dental training and treatment simulation software, which is expected to fuel the market growth over the forecast period.” Says an analyst at FMI 

Market Competition 

Dentsply Sirona, Nissin Dental Products Inc., KaVo Dental, HRV Simulation, Navadha Enterprises, VOXEL-MAN, Image Navigation, Tangshan UMG Medical Instrument Co., Ltd., Dental Art S.p.A. and 3Shape A/S are some prominent dental simulator manufacturers. 

In January 2022, Dentsply Sirona announced collaboration with the University of Toulouse in France to promote the company's simulation units as preclinical laboratory equipment. 

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More Insights Available 

Future Market Insights, in its new offering, presents an unbiased analysis of the global Dental Simulator market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032. 

The study reveals essential insights on the basis of Component (Hardware and Software), Application (Dental Training & Education and Treatment Planning), End Use (Dental Schools and Hospitals & Clinics), across five major regions (North America, Europe, Asia Pacific, Latin America and Middle East & Africa).  

About the Healthcare Division at Future Market Insights 

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts. 

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Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations

2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations

3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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