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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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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SOURCE Technavio

DALLAS, Nov. 19, 2024 /PRNewswire/ — Solidion Technology, Inc. (NASDAQ: STI), an advanced silicon anode and battery technology materials provider (the “Company” or “Solidion”), today announced its operational and financial results for the third quarter of 2024.

Previously Announced Recent Business Highlights   

Technological Advancements:

Developed and secured a newly granted U.S. patent for technology enabling 5-minute charging of lithium batteries across all climates, overcoming a key barrier to electric vehicle (“EV”) adoption by ensuring fast, safe, and weather-independent charging. This innovation leverages a graphene-based heat spreader for optimal battery temperature control, positioning Solidion as a leader in advancing EV infrastructure and addressing consumer range anxiety.Expansion of the Company’s industry-leading intellectual property portfolio1 with 20 new U.S. patents granted this year. The portfolio offers patents for a diverse range of advanced anode materials, spanning from sustainable graphite to silicon oxide (SiOx), silicon (Si), and protected lithium metal anode, delivering specific capacities ranging from 300 to an extraordinary 3,500+ mAh/g (milliamp-hour per gram). The intellectual property also features non-silane gas based and graphene-enhanced versions for automakers and other energy storage applications.Achieved third-party validation for the Company’s innovative, cost-effective process that eliminates the need for toxic silane gas and CVD techniques. This milestone positions Solidion to become a key North American supplier in the rapidly growing energy storage battery market, offering materials that enhance energy density, and seamlessly integrate with existing battery manufacturing processes.

Business Development and Corporate Updates:

Signing of the strategic Memorandum of Understanding with Bluestar Materials Company on November 8, 2024 to accelerate the commercialization of Solidion’s groundbreaking silicon-based anode technology. This collaboration strengthens Solidion’s position in the U.S. market, leveraging its extensive patent portfolio to drive advancements in battery efficiency, energy density, and domestic manufacturing opportunities.Bitcoin purchases are now part of the Company’s corporate treasury strategy, which includes allocating 60% of excess cash reserves, interest earnings, and a portion of future capital raises, reflecting confidence in Bitcoin as a store of value, inflation hedge and compelling investment. The Company will continue to explore opportunities to evolve its allocation to Bitcoin and enhance shareholder value.The inclusion into the Russell 3000® Index, enhancing Solidion’s visibility among institutional investors and positions the Company to attract broader market interest and capital.

CEO Statement:

“Solidion is well positioned for the rapidly changing political landscape as a low-cost U.S. manufacturer,” said Jaymes Winters, CEO of Solidion Technology.  “We have achieved several milestones that several competitors have yet to achieve, despite spending exponentially more than Solidion”.

Third Quarter 2024 Financial Highlights

$4.2 million loss from continuing operations, including increased spending on third-party validation testing for automakers.Net Loss of $6,636,679, with EPS of –$0.07, including a non-cash loss of $9,654,799 on issuance of PIPE common stock and warrants.

See below for additional information on Solidion’s operational results:

Summary of Statements of Operations

Operating Expenses

Operating expenses increased by $2,753,106 for the three months ended September 30, 2024. This increase was primarily driven by third party validation testing of our proprietary silicon anode, professional fees, stock-based compensation, insurance, and other administrative costs associated with the Company operating as a public entity as of February 2, 2024.

Other Income (expense)

Other expense increased by $2,444,764 for the three months ended September 30, 2024. This increase was largely driven by a gain of $7,232,835 due to a change in the fair value of derivative liabilities related to the Forward Purchase Agreement, and warrants related to the Private Placement financing. Additionally, there was a loss of $9,654,799 from the issuance of common stock and warrants related to the August Private Placement financing.

The unaudited condensed consolidated financial statements of Solidion and additional information can be found in the Company’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on November 18, 2024 (the “Form 10Q”). This earnings release should be read together with the information contained in the Form 10-Q.

About Solidion

Headquartered in Dallas, Texas with pilot production facilities in Dayton, Ohio, Solidion’s (NASDAQ: STI) core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems and electric vehicles for ground, air, and sea transportation. Solidion holds a portfolio of over 550 patents, covering innovations such as high-capacity, non-silane gas and graphene-enabled silicon anodes, biomass-based graphite, advanced lithium-sulfur and lithium-metal technologies.

Solidion offers two lines of battery products: (i) advanced anode materials (ready for production expansion); and (ii) three classes of solid-state batteries, including Silicon-rich all-solid-state lithium-ion cells (Gen 1), anode less lithium metal cells (Gen 2), and lithium-sulfur cells (Gen 3), all featuring an advanced polymer- or polymer/inorganic composite-based solid electrolyte that is process-friendly. Solidion’s solid-state batteries can be manufactured at scale using current lithium-ion cell production facilities. Solidion batteries are designed to deliver extended EV range, improved battery safety, lower cost per KWh, and next-gen cathodes (potential to replace expensive nickel and cobalt with sulfur (S) and other more abundant elements).

For more information, please visit www.solidiontech.com or contact Investor Relations.

Forward-Looking Statements 

This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of Solidion’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause Solidion’s actual results to differ materially from those described in the forward-looking statements can be found in Solidion’s Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, which have been filed with the Securities and Exchange Commission and are available on Solidion’s website, and on the Securities and Exchange Commission’s website (www.sec.gov). Solidion does not undertake to update any forward-looking statements.

1 Source: Silicon Anode for Li-ion Batteries – Patent Landscape 2022 – FLYER (knowmade.com)

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SOURCE Solidion Technology, Inc.

NEW YORK, Nov. 19, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The vehicle leasing market in europe  size is estimated to grow by USD 12.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.5%  during the forecast period. Cost-effective ways of obtaining vehicle is driving market growth, with a trend towards rise in demand for leasing evs to optimize vehicle performance and reduce emissions globally. However, challenge posed by on-demand taxi operators  poses a challenge.Key market players include ALD SA, Allane SE, Arval Service Lease, Bayerische Motoren Werke AG, Central Contract S.O.T Ltd., Central UK Vehicle Leasing Ltd., Deutsche Leasing AG, ExpatRide International Inc., Groupe BPCE, King and Mayr GmbH and Co. KG, LocautoRent S.p.A., Mercedes Benz Group AG, Millennium Leasing sp zoo, PKO Bank Polski, Porsche Automobil Holding SE, PSA Automobiles SA, Rivervale Cars Ltd., Sofina SA, and Stellantis NV.

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Key Market Trends Fueling Growth

The European vehicle leasing market is experiencing significant trends, with electric vehicles (EVs) leading the charge. E-commerce platforms are transforming the way people lease cars, enabling easy access to leasing companies and their offerings. Big data and IoT technology are revolutionizing the industry, providing real-time diagnostic data for efficient vehicle management. Blockchain technology ensures secure and verified data exchange between sellers and buyers. Customer service is a priority, with automobile leasing companies focusing on providing excellent service to meet the needs of the tourism industry, smart cities, and corporate fleets. Utility trailers, commuter cars, buses, recreational vehicles, and even lease contracts for car equipment rental are available. Finance leasing, mobility solutions, and long-term leasing are popular options. Awareness among consumers about the benefits of EVs, hybrid electric vehicles, and low maintenance vehicles is growing. Rapid urbanization, busy lifestyles, and population demand call for efficient transportation systems to combat traffic congestion. Lease cars without driver facilities are on-demand, reducing traveling time and air pollution. Emission norms and carbon emissions are crucial concerns, with IoT technology and machine learning helping to monitor and reduce them. Additional fees, such as gap insurance, are common considerations in the leasing process. The used car industry is also adapting to these trends, with e-commerce platforms and finance leasing options available. The future of vehicle leasing is bright, with a focus on sustainability, convenience, and cost-effectiveness. 

The European vehicle leasing market is witnessing significant growth due to the increasing popularity of Electric Vehicles (EVs). EVs utilize an electric motor, which features only one moving part, leading to reduced maintenance costs compared to Internal Combustion Engine (ICE) vehicles. The compact electric motor also contributes to the vehicle’s weight reduction, allowing for additional features. The efficiency of the electric motor, with its absence of multiple moving parts, delivers instant torque and high performance. Regenerative braking further enhances the vehicle’s range. Air pollution is a pressing concern in political and economic circles, making the environmental benefits of EVs an attractive proposition for businesses leasing vehicles. 

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Market Challenges

The European vehicle leasing market faces several challenges in the current business landscape. Electric vehicles are gaining popularity, requiring leasing companies to adapt to the changing technology and consumer preferences. E-commerce platforms are disrupting traditional sales models, necessitating innovative strategies. Big data and IoT technology are transforming the industry, offering opportunities for improved customer service and real-time vehicle diagnostics. The tourism industry, smart cities, and utility trailers present new markets for automobile leasing companies. However, challenges persist in sectors like commuter cars, buses, and recreational vehicles due to increasing competition and changing consumer behavior. Lease contracts, finance leasing, and mobility solutions continue to be key areas of focus. Awareness among consumers about electric cars, hybrid electric vehicles, and the used car industry is crucial. Rapid urbanization, busy lifestyles, and population demand call for efficient transportation systems to mitigate traffic congestion. Leasing companies must address challenges like residual value, gap insurance, long-term leasing, and additional fees. Carbon emissions and climate change are pressing concerns, with emission norms and verified data playing a significant role. Blockchain technology and machine learning can streamline processes and enhance transparency. Collaboration between sellers, buyers, and leasing companies is essential to meet the evolving needs of the market.In Europe, urban areas witness significant demand for on-demand taxi services due to the convenience they offer in terms of time and cost. Parking spaces are scarce in congested urban areas, making finding a parking spot a challenge. Traffic congestion further complicates driving in cities, making on-demand taxis an attractive alternative to car leasing. This trend is particularly noticeable in urban regions where car leasing services are readily available. As a result, the growing popularity of on-demand taxis is impacting the demand for car leasing in Europe.

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Segment Overview 

This vehicle leasing market in Europe report extensively covers market segmentation by

Type 1.1 Passenger cars1.2 Commercial vehiclesMode Of Booking2.1 Online2.2 OfflineGeography 3.1 Europe

1.1 Passenger cars-  The European vehicle leasing market is experiencing significant growth due to the cost-effective nature of leasing cars compared to buying them. Factors such as urbanization and increased Internet penetration are driving awareness about car leasing. Leasing offers customers the flexibility to upgrade to new models and purchase the vehicle at lease end. Car manufacturers, like AB Volvo with Care by Volvo, offer subscription-based leasing programs to boost revenue and brand penetration. The demand for SUVs, hatchbacks, and sedans in Europe is fueling growth in the passenger car segment. Customers’ preference for convenience, safety, and modern technologies in vehicles is driving the adoption of advanced features and electrification. These trends, coupled with industry advancements, encourage customers to lease cars, leading to market expansion in Europe’s passenger car segment during the forecast period.

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Research Analysis

The European vehicle leasing market is experiencing significant growth, driven by the shift towards electric and hybrid electric vehicles. E-commerce platforms are increasingly becoming popular channels for buyers to lease new cars, enabling a seamless and convenient experience. Big data and blockchain technology are transforming the industry by providing insights into customer preferences and streamlining lease contracts. The tourism industry and smart cities are major sectors adopting vehicle leasing for their fleet needs. Automobile leasing companies offer a range of options from commuter cars to buses, recreational vehicles, and utility trailers. Car equipment rental is another growing segment, allowing lessees to customize their vehicles. The residual value of leased vehicles is a key consideration for both sellers and buyers, making the role of a leasing company crucial in determining fair market value. Rapid urbanization and the need for new vehicles continue to fuel the demand for leasing solutions.

Market Research Overview

The European vehicle leasing market is experiencing significant growth, driven by various factors including the rise of electric vehicles, e-commerce, and smart cities. Electric cars and hybrid electric vehicles are becoming increasingly popular due to awareness among consumers about air pollution and emission norms. The tourism industry and commuters are embracing on-demand mobility solutions, leading to increased demand for lease cars. Big data, IoT technology, machine learning, and blockchain are transforming the industry by providing verified data in real-time, enabling predictive maintenance and efficient transportation systems. Leasing companies offer finance leasing, long-term leasing, and gap insurance to cater to the diverse needs of buyers. The market also includes utility trailers, buses, recreational vehicles, and car equipment rental. Rapid urbanization, busy lifestyles, and population demand have led to the adoption of efficient transportation systems and the reduction of traffic congestion. The used car industry is also benefiting from the growth of the leasing market. Additional fees, carbon emissions, and climate change are becoming important considerations for both sellers and buyers. Leasing companies are focusing on customer service, providing diagnostic services for vehicles, and leveraging technology to enhance the leasing experience. The future of the vehicle leasing market in Europe looks promising, with continued innovation and the integration of technology to meet the evolving needs of consumers.

Table of Contents:

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

TypePassenger CarsCommercial VehiclesMode Of BookingOnlineOfflineGeographyEurope

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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SOURCE Technavio