April 20, 2024
Stainless Crowns

Stainless Crowns Market Is In Trends By Technological Advancements

Stainless crowns are placed on top of the remain tooth and provide a natural looking cosmetic restoration along with protection from further dental issues. Stainless crowns are durable and biocompatible alloy crowns used as an alternative for dental crowns at low-cost. They provide a customized fit and give the appearance of natural teeth. Growing preference for cosmetic dentistry and advantages offered over other crowns such as porcelain crowns are creating high demand for stainless crowns globally.

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 from 2024 to 2031.

Key Takeaways

Key Players
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.

Growing Demand

Rising awareness about dental aesthetics and advantages of stainless crowns over other crowns in terms of biocompatibility and cost-effectiveness are driving the growth of global stainless crowns market. Advancements in dental materials and techniques are further augmenting the demand.

Global Expansion
Major players in the market are focusing on geographical expansion strategies including collaborations, partnerships and strengthening their distribution channels in lucrative markets to meet the growing needs. For instance, in 2022 Infineon Technologies expanded its production capacities in Austria and Malaysia to cater to the rising global demand for semiconductor components.

Market Key Trends

Technological advancements are one of the key trends being witnessed in the stainless crowns market. Manufacturers are developing new formulation of alloys for crowns as well as introducing CAD/CAM techniques for stainless crown fabrication. This has resulted into improved aesthetics, greater flexibility during crown preparation and shorter production time leading to enhanced patient satisfaction.

Porter’s Analysis

Threat of new entrants: Low barriers for new companies to enter market with innovations and technology advancements.

Bargaining power of buyers: Dental clinics and hospitals have high bargaining powers due to availability of several alternatives in market to choose from.

Bargaining power of suppliers: Key raw material suppliers for stainless steel crowns have moderate powers due to limited availability of stainless steel alloy compositions ideal for crowns.

Threat of new substitutes: Alternatives like porcelain crowns, zirconia crowns pose substitution threat though stainless steel remains optimal for young kids due to strength and cost benefits.

Competitive rivalry: Intense competition between established market leaders to gain more share by investments in product development and regional expansions.

Geographical Regions

North America region accounts for over 35% of total market value currently due to strong demand from dental restorative procedures in US and Canada. Factors like growing focus on dental aesthetics and technical advancements drive regional market.

Asia Pacific expected to see highest CAGR during forecast years on back of increasing awareness, rising disposable incomes in developing nations and improving access to dental care across major countries. Growing medical tourism also supplements regional stainless crowns market growth.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.