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Intraoral Scanners Market to Grow by USD 915.75 Million (2024-2028), Driven by Enhanced Accuracy and Productivity with Advanced Technologies, AI Impacting Market Trends – Technavio

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NEW YORK, Nov. 19, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global intraoral scanners market size is estimated to grow by USD 915.75 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 11.68% during the forecast period. Increasing accuracy and productivity of intraoral scanners with advanced technologies and features is driving market growth, with a trend towards increasing prevalence of dental conditions using 3d dental scanners as advanced methods. However, high-cost burden poses a challenge.Key market players include 3M Co., 3Shape AS, 8853 Spa, Align Technology Inc., densys Ltd., Denterprise International Inc., Dentsply Sirona Inc., Durr Dental SE, Envista Holdings Corp., GC Corp., Glidewell, Guangdong Launca Medical Device Technology Co. Ltd., Henry Schein Inc., Institut Straumann AG, Intelliscan 3D, Midmark Corp., Owandy Radiology, Planmeca Oy, Shining 3D Tech Co. Ltd., and Vatech Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Dental clinics, Hospitals, and Others), Type (Powder free and Powder based), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

3M Co., 3Shape AS, 8853 Spa, Align Technology Inc., densys Ltd., Denterprise International Inc., Dentsply Sirona Inc., Durr Dental SE, Envista Holdings Corp., GC Corp., Glidewell, Guangdong Launca Medical Device Technology Co. Ltd., Henry Schein Inc., Institut Straumann AG, Intelliscan 3D, Midmark Corp., Owandy Radiology, Planmeca Oy, Shining 3D Tech Co. Ltd., and Vatech Co. Ltd.

Key Market Trends Fueling Growth

Intraoral scanners (IOS), also known as 3D scanners, are increasingly popular in dentistry due to their ability to create digital impressions of dental arches. IOS use imaging sensors and scanning software to generate point clouds and 3D surface models of teeth. This technology benefits orthodontists in diagnosing and treating conditions like edentulism, tooth loss, periodontal disease, dental caries, and gum issues, which are prevalent among the geriatric population and those with unhealthy lifestyles. Skilled professionals, including dentists and dental technicians, use IOS for various dental procedures, such as clear aligners, same-day dentistry, and dental implants. Brands like Cadent iTero, CEREC, E4D, TRIOS, CS, and I Series dominate the market. Hospitals and dental clinics invest in these systems for their advanced capabilities and opportunities for dental tourism. However, the high cost of IOS is a challenge for insurance providers and middle-class populations with lower income levels and disposable incomes. The dental disease burden, especially in emerging countries, presents an opportunity for growth. Dental practices and orthodontic laboratories are end users of these systems, contributing significantly to dental expenditure and patient population growth. 

Intraoral scanners, specifically 3D dental scanners, are revolutionizing the diagnostic process in dentistry. These advanced tools are increasingly being adopted for diagnosing dental and orthodontic conditions. The global prevalence of such conditions is on the rise, leading in demand for diagnostic imaging products like 3D dental scanners. These scanners are utilized extensively in various dental fields, including orthodontics, endodontics, oral surgery, periodontics, and implant treatment planning. In the US alone, over 63% of adults aged 18 and above had a dental visit in 2020. This growing need for dental care is fueling the expansion of the global intraoral scanners market. 

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Market Challenges

Intraoral scanners (IOS), a type of 3D scanner used in dentistry, have revolutionized dental procedures by digitizing dental arches, eliminating the need for traditional impressions. IOS market growth is driven by the increasing prevalence of dental diseases such as periodontal disease, dental caries, edentulism, and tooth loss, particularly among the geriatric population and those with unhealthy lifestyles. However, challenges include the high cost of intraoral scanner systems, limited reimbursements from insurance providers, and the need for skilled professionals to operate these technologically advanced solutions. Brand segmentation includes Cadent iTero, CEREC, E4D, TRIOS, CS, and I Series. End users include hospitals, dental clinics, orthodontists, and dental practices. Opportunities exist in emerging countries with large patient populations and increasing dental disease burden. Clear aligners and same-day dentistry are gaining popularity, driving demand for IOS in orthodontics and dental implants. Middle-class populations in developing countries with rising income levels and disposable incomes represent a significant market opportunity. Dental expenditure is expected to increase, making IOS an essential investment for dental practices.Intraoral scanners represent innovative technology in the dental industry, enabling more accurate and efficient dental treatments. These devices scan the oral anatomy to provide better options for prostheses or oral supporting structures. However, the high cost of these scanners and the additional expenses for the scanning procedure can be a barrier for many patients. Unfortunately, dental insurance often does not cover diagnostic procedures for dental conditions. This, coupled with the fact that some American families cannot afford dental care, may result in delayed or skipped dental visits. Despite these challenges, the use of intraoral scanners offers significant benefits for improving oral health and treating various dental issues.

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Segment Overview

This intraoral scanners market report extensively covers market segmentation by

End-user1.1 Dental clinics1.2 Hospitals1.3 OthersType2.1 Powder free2.2 Powder basedGeography3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Dental clinics- Dental clinics have become a significant contributor to the global intraoral scanners market due to their collaboration with insurance companies for complete dental coverage and increasing numbers. The demand for personalized care and modern IT solutions in dental clinics fuels market growth. Advanced imaging technologies enable customized therapeutic products, such as dental aligners, with minimal manual operation. Mobile dental clinics, like MobiDent, offer cost-effective treatment and are expanding their reach. MobiDent’s portable dental chair and partnerships with corporations and hospitals increase revenue. These factors make dental clinics the largest market segment, with mobile dental clinics driving growth in the intraoral scanners market.

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Research Analysis

Intraoral scanners (IOS), also known as 3D dental scanners, are advanced technological devices used in dentistry to digitally capture the shape and structure of dental arches. These scanners utilize imaging sensors and scanning software to create point clouds and generate precise 3D surface models of teeth and gums. IOS have revolutionized the dental industry, enabling dentists and orthodontists to diagnose and treat various oral health disorders such as edentulism, tooth loss, periodontal disease, dental caries, and unhealthy lifestyle-induced issues. The aging population and the rising prevalence of oral health disorders further fuel the market growth. Skilled professionals use IOS from brands like Cadent iTero, CEREC, E4D, TRIOS, CS, and I Series to cater to the end users, including hospitals and dental clinics, with high-quality, efficient, and accurate dental solutions.

Market Research Overview

Intraoral scanners (IOS), also known as 3D scanners, are technologically advanced solutions revolutionizing dentistry by digitizing dental arches, replacing traditional impression methods. IOS uses imaging sensors and scanning software to create point clouds and 3D surface models of dental structures. Orthodontists, dentists, and skilled professionals use these scanners for various dental procedures, including edentulism, tooth loss, gum issues, periodontal disease, dental caries, and oral health disorders. The geriatric population, middle-class population, and unhealthy lifestyle choices contribute to the increasing demand for IOS. Dental practices, hospitals, and dental clinics are significant end-users, while clear aligners, same-day dentistry, dental implants, and dental tourism are growing applications. However, high cost and insurance reimbursements are challenges. IOS market share includes brands like Cadent iTero, CEREC, E4D, TRIOS, CS, I Series, and others. The market is expected to grow due to the opportunity presented by the aging population, dental disease burden, and increasing dental expenditure.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userDental ClinicsHospitalsOthersTypePowder FreePowder BasedGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Benzinga Announces Winners for the 2024 Global Fintech Awards

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November 20, 2024

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NEW YORK, Nov. 19, 2024 /PRNewswire/ — Benzinga, the leading financial media platform for next-generation investors, is thrilled to announce the winners and runners-up of its 10th annual Benzinga Global Fintech Awards. The prestigious event, held at Convene Brookfield Place in New York City, celebrated innovation, excellence, and outstanding achievements across over 25 categories, recognizing companies and individuals who are shaping the future of financial technology.

“This year’s finalists and winners embody the transformative power of fintech innovation,” said Jason Raznick, Founder of Benzinga. “We are proud to honor the brightest minds and most innovative companies in the fintech industry. Their contributions are driving significant advancements and shaping the future of finance.”

Lifetime Achievement Award

Winner: Anthony Pompliano

Best of Awards

Best Alternative Investments Platform

Winner: Arrived HomesRunner-Up: Groundfloor: Fractionalized Retail Investing

Best API Solution

Winner: Polygon.ioRunner-Up: DriveWealth

Best Automated Trading Software

Winner: TickblazeRunner-Up: AlgoBulls

Best Broker for Sophisticated Traders

Winner: AlpacaRunner-Up: TradeStation

Best Brokerage App

Winner: WebullRunner-Up: TradeStation

Best Brokerage for Beginners

Winner: StashRunner-Up: eToro

Best Brokerage for Day Trading

Winner: TradeUpRunner-Up: Moomoo

Best Brokerage for Forex in the US

Winner: Trading.comRunner-Up: IBKR

Best Brokerage for Options Trading

Winner: IBKRRunner-Up: Firstrade

Best Brokerage for Short Selling

Winner: TradeZero Holding Corp.Runner-Up: IBKR

Best Brokerage for Trading Futures

Winner: EdgeClearRunner-Up: NinjaTrader

Best Canadian Brokerage

Winner: QuestradeRunner-Up: Qtrade Direct Investing

Best Data Analysis Tool

Winner: Northern Trust Investment Data Science – Equity Data ScienceRunner-Up: PitchBook

Best Day Trading Software

Winner: IBKRRunner-Up: Tickblaze

Best ETF Launch

Winner: iShares Bitcoin TrustRunner-Up: Xtrackers U.S. National Critical Technologies ETF (CRTC)

Best Financial Literacy Tool

Winner: Financial FinesseRunner-Up: MoneyLion Digital Financial Ecosystem

Best Financial Planning Software

Winner: Asset-MapRunner-Up: Origin

Best Financial Research Company

Winner: Toggle AIRunner-Up: EPSMomentum

Best in Financial Education

Winner: Options Industry CouncilRunner-Up: TradeStation

Best Insurtech Company

Winner: infineoRunner-Up: Mylo

Best Investment Research Tech

Winner: Trading CentralRunner-Up: Outprfrm

Best Lending Solution

Winner: Pagaya TechnologiesRunner-Up: Prosper

Best Matching Engine

Winner: Devexperts’ DXmatchRunner-Up: EP3 by Connamara Technologies

Best New Product

Winner: FrecRunner-Up: SoFi Alternative Investments

Best Paper Trading Platform

Winner: TradeZero Holding Corp.Runner-Up: Charles Schwab

Best Payments Solution

Winner: Modern TreasuryRunner-Up: Aeropay

Best Portfolio Tracker

Winner: Delta Investment TrackerRunner-Up: TradeZella

Best Prop Trading Platform

Winner: IBKR

Best RegTech

Winner: Green CheckRunner-Up: Kore

Best Robo-Advisor

Winner: WealthfrontRunner-Up: Titan

Best Social Investing Platform

Winner: Parrot FinanceRunner-Up: Traderverse

Best Software for Longterm Cryptocurrency Investments

Winner: Path CryptoRunner-Up: iTrustCapital

Best Software for Swing Trading

Winner: Autochartist Automatic Trade IdentificationRunner-Up: WealthCharts

Best Software for Trading Cryptocurrency

Winner: Devexperts’ DXtrade

Best Trading Technology

Winner: GTNRunner-Up: Tickblaze

Best Venture Capital Firm

Winner: Tribe CapitalRunner-Up: BankTech Ventures

Breaking Barriers

Winner: GotradeRunner-Up: Apex Trader Funding

Emerging InsurTech

Winner: AspidaRunner-Up: TruStage Payment Guard

Institutional Innovation

Winner: Tipigo InsightsRunner-Up: Quinn

Most Innovative ETF Company

Winner: StockSnips

Most Innovative in Capital Markets

Winner: GTNRunner-Up: OpenYield

Most Impactful Fintech Executive

Winner: Anthony Denier

Peoples Choice

Winner: NVSTly: Social Investing

Chairman’s Awards

Chairman’s Awards: Best AI Analysis Tool

Winner: True Trading Group

Chairman’s Awards: Best AI Chat API

Winner: FinChat

Chairman’s Awards: Best AI Finance Start-up

Winner: WNSTN.ai

Chairman’s Awards: Best AI Research Platform

Winner: Quasar Markets

Chairman’s Awards: Best AI Tool for Software Performance

Winner: TurinTech AI

Chairman’s Awards: Best Backtesting Software

Winner: FX Replay

Chairman’s Awards: Best Fraud Prevention Solution

Winner: ID Dataweb

Chairman’s Awards: Best Gold Broker

Winner: MultiBank Group

Chairman’s Awards: Best Hybrid Trading Solution

Winner: Tickblaze

Chairman’s Awards: Best In Customer Loyalty

Winner: Kartera

Chairman’s Awards: Best Shareholder Engagement Platform

Winner: Tiicker

Chairman’s Awards: Best Stock Scanner

Winner: WealthCharts

Chairman’s Awards: Excellence in Democratizing Options Trading

Winner: SensaMarket

Chairman’s Awards: Excellence in Futures Education

Winner: NinjaTrader

Chairman’s Awards: Excellence in Futures Prop Trading

Winner: Apex Trader Funding

Chairman’s Awards: Excellence in Holistic Trading Education

Winner: Piranha Profits

Chairman’s Awards: Most Innovative Leveraged Issuer

Winner: Microsectors

Chairman’s Awards: Most Innovative Options Brokerage

Winner: Tradier

Chairman’s Awards: Most Innovative Prop Trading Firm 2024

Winner: For Traders

Chairman’s Awards: Best Software for Trading Futures

Winner: Optimus Futures

About Benzinga Fintech Deal Day & Awards 2024:

The Benzinga Fintech Deal Day & Awards celebrate excellence across the fintech industry, honoring the companies, executives, and platforms that are shaping the future of finance. With networking opportunities, panel discussions, and a prestigious awards ceremony, the event provides an unparalleled platform for deal-making and collaboration.

For more information about the winners or to learn more about future events, visit Benzinga Events.

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SOURCE Benzinga

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Plug and Play announces expansion into Seattle along with Partnership with SBI Holdings and SNBL and Future Participation as co-GP in SBI US Gateway Fund

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November 20, 2024

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The partnership comprises the establishment of Plug and Play Seattle with SBI Holdings and SNBL as the Founding Anchor partners and Plug and Play’s future participation as co-GP in the $40M SBI US Gateway Fund

Plug and Play expands presence to Seattle, Washington, in strategic collaboration with SBI Holdings and SNBL to foster innovation and early-stage investment

SEATTLE, Nov. 19, 2024 /PRNewswire/ — Plug and Play, the world’s leading innovation platform based in Silicon Valley that connects startups, corporations, venture capital firms, universities, and government agencies, announced today a strategic collaboration with SBI Holdings, Inc., and SNBL to establish Plug and Play’s first presence in the Greater Seattle Region. The expansion includes two new offices in the region, with locations at the SNBL Global Gateway (SGG) business incubation facility in Everett, WA, and at CoMotion Labs technology incubator on the University of Washington’s (UW) Seattle campus, aiming to drive regional innovation and support early-stage startup growth.

This collaboration not only marks Plug and Play’s entry into the Seattle area but also includes Plug and Play’s participation as co-General Partner (co-GP) for the newly launched SBI US Gateway Fund. The $40 million fund established by SBI and SNBL focuses on early-stage startups in North America with promising advancements in sectors such as artificial intelligence, advanced manufacturing, climate technology, supply chain, and healthcare, including biotechnology and drug research and development. Through its co-GP role, Plug and Play will leverage its extensive global network and innovation expertise to guide and support portfolio companies, providing strategic growth opportunities and strengthening investment outcomes.

Strengthening the U.S.-Japan Innovation Pipeline
The launch of the SBI US Gateway Fund is a significant step in connecting North American startups with key investment and partnership opportunities from Japan. With this partnership, Plug and Play, SBI, and SNBL aim to create synergies between the U.S. startup ecosystem and Japanese investors, fostering long-term growth and sustainability in cutting-edge fields. The fund’s operations will benefit from Plug and Play’s expansive reach across five continents and its experience in corporate innovation and startup acceleration.

“We are thrilled to bring Plug and Play’s innovation platform to Seattle in partnership with SBI Holdings, SNBL, and the University of Washington,” said Saeed Amidi, Founder & CEO at Plug and Play. “The Pacific Northwest is home to a dynamic and rapidly growing tech ecosystem, and we are excited to contribute to this community by supporting the next generation of innovative companies.”

Yoshitaka Kitao, Representative Director, Chairman, President & CEO from SBI Holdings, stated, “This collaboration with Plug and Play and SNBL represents a major milestone in our commitment to fostering innovation and supporting transformative startups. By connecting Japanese investment with North American innovation, we are creating a unique bridge that will empower startups with not only capital but also strategic guidance and industry connections. Together, we are shaping the future of technology and healthcare advancements.”

Ryoichi Nagata, Representative Chairman, President & CEO from SNBL stated, “We are excited to join forces with Plug and Play and SBI Holdings in this groundbreaking collaboration. Through the combined strengths of our organizations, we aim to build a robust platform that will enhance our ability to support startups and innovation utilizing the SNBL Global Gateway business incubation facility. This strategic alliance enables us to leverage our respective expertise and extensive networks, creating unparalleled opportunities for growth and advancement on a global scale.”

This new collaboration between Plug and Play, SBI, SNBL, and UW will provide startups with capital and access to a unique blend of corporate innovation resources, strategic advisory services, and a wide network of industry leaders across key sectors. These resources are expected to amplify the value and growth of portfolio companies in the SBI US Gateway Fund, setting a strong foundation for sustainable innovation and development.

Plug and Play x SNBL Global Gateway (SGG) (Everett, WA)
SBI has partnered with SNBL, the largest non-clinical contract research organization in Japan, to operate an accelerator program and SBI US Gateway Fund at SGG business incubation facility in Everett, WA. Plug and Play plans to use the SGG business incubation facility as a hub to operate their accelerator programs.

Plug and Play x CoMotion Labs (Seattle, WA)
Plug and Play, SBI, and SNBL have agreed to partner with the University of Washington’s CoMotion Labs to help foster the startup ecosystem in the Seattle area and on campus. CoMotion Labs provides a multi-industry incubation environment for early-stage startups. While preference is given to UW spinoffs, CoMotion Labs also accepts startups from outside the UW community. From critical infrastructure to learning, mentoring, and networking, CoMotion Labs nurtures and enables success and helps startups grow without taking equity or IP.

To learn more about Plug and Play Seattle, visit https://www.plugandplaytechcenter.com/locations/seattle.

About Plug and Play
Plug and Play is the leading innovation platform connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and manage over $1 billion in AUM across our funds, driving innovation across multiple industries where we’ve invested in hundreds of successful companies, including Dropbox, PayPal, Guardant Health, Honey, N26, Rappi, Turing, and more. For more information, visit https://www.plugandplaytechcenter.com/.

About SBI Holdings
Established in 1999 as a pioneer of Internet-based financial services in Japan, the SBI Group is a comprehensive Internet financial group that operates globally, encompassing five core businesses: “Financial Services Business,” such as securities, banking and insurance businesses; “Investment Business,” which is engaged in private equity investment including venture capital investment; “Asset Management Business,” that provides various asset management related services; “Crypto-asset Business,” which operates crypto asset trading and exchange services; and “Non-financial Business,” which includes business activities related to biotechnology, healthcare and medical informatics, Web3, and new overseas markets. For more information, please visit https://www.sbigroup.co.jp/english/.

About SNBL
Shin Nippon Biomedical Laboratories, Ltd. (SNBL) is the largest and the oldest non-clinical contract research organization in Japan, with a strong focus on supporting the growth and development of the global biotechnology and drug discovery ecosystem. Founded in 1957, SNBL provides comprehensive services ranging from translational research (TR) to contract research and Medipolis, a unique blend of biomedical facilities. Headquartered in Kagoshima, Japan, SNBL is dedicated to advancing innovation in biotechnology and healthcare through its partnerships, research, and support of new and groundbreaking therapies. For more information, visit https://en.snbl.com/.

Media Contacts

Plug and Play Media Relations
Jacky Tsang
press@pnptc.com

SBI Holdings, Inc. Corporate Communications Dept.
Tel: +81 3 6229-0126

SNBL IR & Corporate Communications
ir@snbl.com

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Invitation to Tecsys’ Conference Call on December 5, 2024, Covering Second Quarter FY2025 Results

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November 20, 2024

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MONTREAL, Nov. 19, 2024 /CNW/ — Tecsys Inc. (TSX: TCS) will release its financial results for the second quarter of fiscal year 2025 ended October 31, 2024, on December 4, 2024, after the markets close. Tecsys President and CEO Peter Brereton, and CFO Mark J. Bentler, will host a conference call on December 5, 2024, at 8:30 a.m. ET to present and discuss the results with the analysts.

Subject: Q2 FY2025 Financial Results Conference Call
Date: December 5
Time: 8:30 a.m. ET
Phone number: 1-800-836-8184 or 1-646-357-8785

The call can be replayed until December 12, 2024, by calling 1-888-660-6345 or 1-646-517-4150 (access code: 91117 #).

About Tecsys

Tecsys is a global provider of advanced supply chain solutions. With a commitment to innovation and customer success, the company equips organizations with the essential software, technology and expertise needed for operational excellence and competitive advantage. Its cloud solutions serve a diverse range of industries, including healthcare, distribution and converging commerce, across multiple complex, regulated and high-volume markets. Built on the Itopia® low-code application platform, Tecsys’ offerings include enterprise resource planning, warehouse management, consolidated service management, distribution and transportation management, supply management at the point of use and order management solutions. Tecsys provides critical data insights and control across the supply chain, ensuring that organizations are agile, responsive and scalable.

Tecsys is publicly traded on the Toronto Stock Exchange under the ticker symbol TCS. For more about Tecsys and its solutions, please visit www.tecsys.com.

Forward Looking Statements

The statements in this news release relating to matters that are not historical fact are forward-looking statements that are based on management’s beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that Tecsys Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of Tecsys Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with Tecsys Inc.’s business can be found in the MD&A section of the Company’s annual report and the most recently filed annual information form. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR+ (www.sedarplus.ca).

Copyright © Tecsys Inc. 2024. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

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