The global stainless crowns market has been gaining significant traction over the past few years. Stainless crowns are essentially used as dental restorations to cover damaged, decayed, or missing teeth. Stainless crowns offer various advantages such as aesthetics compatibility, high strength, biocompatibility, and corrosion resistance. The rising prevalence of dental caries and periodontal diseases has generated high demand for cost-effective dental restorations. Moreover, growing consumer awareness regarding oral hygiene and the rising percentage of the geriatric population prone to dental issues are fueling the adoption of Stainless Crowns Market. The Global stainless crowns market is estimated to be valued at US$ 1.5 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the stainless crowns market are KIOXIA Corporation, Cypress Semiconductor Corporation (Infineon Technologies), SK Hynix Inc., SanDisk Corp. (Western Digital Technologies Inc.), Powerchip Technology Corporation, Samsung Electronics Co. Ltd., Intel Corporation, Yangtze Memory Technologies and Micron Technology Inc.
The market is anticipated to witness lucrative opportunities owing to the growing penetration of digital dentistry technologies and the emergence of minimally invasive dental restoration procedures. Manufacturers are increasingly focussing on producing aesthetically advanced crowns through 3D printing and CAD/CAM technologies.
There has been a significant rise in technological advancements pertaining to materials, designs and manufacturing processes in the dental crowns industry. Emerging technologies like CAD/CAM dentistry, 3D printing, laser scanning, and computer-guided implantation have promoted the development of customized crown structures with superior strength-to-weight ratios and aesthetic qualities.
Market drivers
Surging Geriatric Population: The global geriatric population, more prone to dental issues, is growing at an exponential rate. As per estimates, over 1.5 billion people will be aged 65 years and above by 2050. This expansion of the target demography will propel the demand for cost-effective dental restorations.
Rising Burden of Dental Diseases: Factors like changing lifestyles, consumption of cariogenic diets, and lack of oral healthcare are leading to significant rise in prevalence of dental caries and periodontal diseases worldwide. According to WHO, dental carries is the most common NCD affecting over 2.3 billion people globally. This growing disease burden will accelerate the uptake of dental restorations like stainless crowns in the long run.
Current challenges in Stainless Crowns Market:
The stainless crowns market is witnessing several challenges currently. A major challenge is the growing preference among consumers for dental veneers and implants over crowns. Veneers offer a more natural look and feel compared to stainless crowns. Implants do not require removal of significant tooth structure and are long-lasting. This is adversely impacting the demand for stainless crowns. Another challenge is the lack of reimbursements available for stainless crowns in many countries. This makes crowns unaffordable for large sections of population.
SWOT Analysis
Strength: Stainless crowns are affordable and offer durable coverage for damaged teeth. They allow preservation of more tooth structure compared to porcelain or zirconia crowns.
Weakness: Stainless crowns do not offer natural aesthetic look of teeth. They are less preferable for front teeth.
Opportunity: Growing geriatric population prone to dental issues presents an opportunity. Increasing awareness about oral hygiene in developing nations can boost sales.
Threats: Alternatives like veneers and dental implants threaten stainless crowns market share. Lack of insurance coverage is also a threat in price-sensitive regions.
Geographical regions of concentration
North America accounts for the largest share of the global stainless crowns market currently, in terms of value. This is attributed to factors such as rising health expenses, growing prevalence of dental diseases, and strategic presence of key manufacturers in the region. Europe is another major regional market, supported by well-established healthcare systems and availability of advanced dental technologies.
Fastest growing region
Asia Pacific market for stainless crowns is poised to witness the highest growth during the forecast period, owing to improvement in healthcare infrastructure, increasing dental tourism, growing disposable incomes, and rising awareness about oral healthcare. Furthermore, expansion of international players into emerging nations of the region will accelerate the APAC market for stainless crowns in the coming years.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.