Dental 3D printing has become an essential part of digital technologies in oral.
SprintRay Co. (Chinese: 迅实科技) obtained more than USD 100 million in a Series D financing round. Softbank Vision Fund II led this round, followed by Yiheng Capital (Chinese: 毅恒资本) and Zhongwei Capital (Chinese: 众为资本). The existing shareholders Chende Capital (Chinese: 辰德资本) and Yuanyi Capital (Chinese: 远毅资本), continued to invest.
Founded in 2013, SprintRay provides digital chairside solutions for dental institutes. It covers more than 50% of the dental 3D printing market share in the United States, with a compound annual growth rate of nearly 80% in five years.
As one of the most mature market segment applications of 3D printing technology, dentistry has gradually entered our daily life. Given each patient's different characteristics, the personalized dental care requirements perfectly match the technical features of 3D printing. From the early DLP (digital light processing) technology to today's easy-to-use chairside systems, 3D printing is helping the dental industry complete the digital transformation, penetrating multiple applications such as dental implants, invisible orthodontics, and surgical guides.
According to Smart Tech, the global dental 3D printing market reached USD 3.5 billion in 2021 and is expected to reach 6.6 billion in 2025 at a compound growth rate of 15%.
The company's competitors include Prismlab (Chinese: 普利生)， Shining 3D (Chinese: 先临三维), HeyGears (Chinese: 黑格科技) and LuxCreo (Chinese: 清锋科技).