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"it's estimated that" is a correct and usable phrase in written English.
You can use it when you want to describe a number or statistic that has been estimated or calculated. For example, "It's estimated that 3 out of 4 Americans own a smartphone."
Exact(60)
It's estimated that well over five hundred protesters have been killed in Syria.
"It's estimated that could cost £20m to replace those habitats.
Under the president's strategy, it's estimated that emissions will actually increase over the next decade.
It's estimated, that by 2012, India's spending on health care could exceed $44.9 billion.
It's estimated that about 80 percent of Haiti's professionals live outside Haiti.
It's estimated that 1% of the world's population is asexual, although research is limited.
It's estimated that up to 10percentnt of a home's electric consumption is standby power.
It's estimated that bribes account for 25% of Afghanistan's GDP.
It's estimated that 70 percent of Pinterest users are female.
It's estimated that it will reach £158m by 2012.
"It's estimated that there are now more than 500 T.N.R. colonies in Austin alone".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com