The stainless steel crowns market comprises of protective dental crowns made from stainless steel which are placed over the primary teeth of children. Stainless steel crowns offers superior strength and are corrosion resistant as compared to other materials like amalgam or composite. These crowns completely caps the tooth structure which prevents further tooth decay and restores the function and esthetics of the decayed tooth. It is often used for restoring severely decayed or broken-down primary back teeth in children. The Global stainless steel 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 steel crowns 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 rising incidence of dental caries worldwide due to changing dietary habits and lifestyle is anticipated to propel the demand for Stainless Crowns Market over the forecast period. Advancements in material technology have led to the development of esthetic crowns made of zirconium and lithium disilicate which offers enhanced durability and strength for primary teeth restoration in children.

Technological advancements in the field of 3D printing and computer aided design has enabled the development of customized stainless steel crowns with improved fit and shape which minimizes problems associated with excess cementation and irritation of soft tissues. The growing popularity of digital dentistry solutions is expected to offer new opportunities for market players over the forecast period.

Market Trends

One of the key trends witnessed in the stainless steel crowns market is the increasing adoption of CAD/CAM or 3D printing technology for manufacturing customized stainless steel crowns with enhanced fit and esthetics. Another trend is the growing popularity of zirconia or lithium disilicate based esthetic crowns as an alternative to traditional stainless steel crowns owing to its translucent appearance similar to natural tooth structure.

Market Opportunities

The rising disposable income and medical tourism in developing regions of Asia Pacific and Latin America is anticipated to offer lucrative growth opportunities for players in the stainless steel crowns market. Additionally, development of novel aesthetic crowns made of composite resins, polymers or modified acrylic which offers tooth colored restorations for primary teeth and enhanced longevity presents a major opportunity for manufacturers over the forecast period.

Impact of COVID-19 on Stainless Crowns Market Growth

The COVID-19 pandemic has significantly impacted the growth of the stainless crowns market. During the initial stages of the pandemic when lockdowns were imposed globally, the production and supply chain of stainless crowns were disrupted significantly. This led to shortage of stainless crowns products across the world. With dental clinics operating only for emergency cases, the demand for stainless crowns also declined sharply. The sales revenue of key players declined by over 20% in 2020 compared to the previous year.

However, as restrictions are being lifted now, the stainless crowns market is recovering gradually. While footfalls in dental clinics are still lower than the pre-COVID levels, more people are now visiting for routine checkups and treatments. This has helped boost the demand from the post-COVID period. The market is projected to witness faster growth during the forecast period with vaccination drives increasing confidence levels.

Manufacturers are focusing on expanding production capacities and streamlining supply chains to cope with future uncertainties. They are also investing in advanced sterilization technologies to ensure safety of both patients and dentists. Dental clinics are taking necessary safety precautions like sanitization, social distancing and personal protective gear to restore patient trust. With these measures, the stainless crowns market is expected to rebound and achieve higher growth rates than the pre-pandemic levels in the coming years.

Regions with Highest Demand for Stainless Crowns

North America has been the largest and fastest growing regional market for stainless crowns in terms of value. Factors such as high healthcare expenditure, technological advancements, favourable reimbursement policies and growing prevalence of dental diseases have been driving the demand in the United States and Canada. Europe is another major regional market benefitting from rising dental awareness and availability of state-of-the-art dental infrastructure and services.

However, the Asia Pacific region is projected to surpass both North America and Europe markets in terms of stainless crowns demand during the forecast period. Rapidly developing healthcare industry, extensive unmet needs, improving access and rising disposable incomes are supporting the growth in Asia Pacific countries like China and India. Government initiatives to promote oral healthcare will further aid market expansion across the Asia Pacific geography.

Get more insights on Stainless Crowns Market