Global Dental Laboratory Market - WishTree Insight

Global Dental Laboratory Market by Equipment Type (Dental Lasers, Systems & Parts), Product (Restorative and Oral Care), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Dental Laboratory market size was valued at USD 29.26 billion in 2021 and is expected to surpass USD XX billion by 2031, expanding at a CAGR of 5.5 % during the forecast period, 2021–2031. The market's growth is attributed to the increasing demand for cosmetic dental procedures and the growing senior population.

INTRODUCTION

In recent years the market of dental laboratories has seen markable growth. The increasing demand for cosmetic dental procedures awareness among people regarding oral hygiene, the growing geriatric population, and other factors are anticipated to fuel the market growth. Meanwhile, the market for dental laboratories was adversely affected by the COVID-19 pandemic.

Rapid technological advancements such as bone morphogenic proteins and hydroxyapatite coatings as implant material in dental laboratories have faster healing, reduced chair time, and painless procedures.

Market Trends, Drivers, Restraints, and Opportunities

• Rapid technological advancement in dental laboratories have anticipated fueling the market growth.
• Introduction of advanced imaging techniques such as computer-aided design (CAD) and Computer-aided manufacturing (CAM) is driving the market.
• The increasing number of celebrities and social media influencers showcasing their perfect smile on social media platforms is propelling the market.
• Presence of digital impression techniques in dental laboratories aids in improved patient compliance and has increased market growth.
• Development of an automated inventory management system promotes the efficiency of production within the dental laboratories has expected to increase the global dental laboratory market.
• Availability of software-assisted modeling and digital designing of prostheses is anticipated to fuel the market growth.
• The advent of data encryption and safety is a restraining factor in the market growth.

Scope of the Report

Market Segment Insights

The systems & parts segment is projected to register a considerable CAGR of 4.1%

Based on equipment type, the dental laboratory market is divided into dental lasers, systems & parts. The system & parts segment is expected to expand at a rapid pace during the forecast period. The dental system & parts are the supporting equipment that carries out dental laboratory procedures. However, the laser segment is anticipated to hold a key share of the market in the coming years owing to the growing adoption of computer-aided manufacturing, laser welding, laser sintering, and computer-aided design.

The oral care segment is expected to expand at a rapid pace

Based on product, the dental laboratory market is divided into restorative and oral care. The oral care segment is expected to expand at a fast pace during the forecast period. The growth of the segment is attributed to the increase in awareness regarding oral hygiene and the growing adoption of dentures. However, the restorative segment is anticipated to hold a key share of the market in the coming years owing to technological advancements such as CAD/CAM implant dentistry, intraoral imaging, digital radiography, and caries diagnosis.

The North American region is anticipated to constitute a key market share of 35.1%

In terms of regions, the dental laboratory market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the North American region is expected to constitute a key share of the market during the projected period. The growth in the region is attributed to the established healthcare infrastructure, increase in the prevalence of dental disease, high healthcare expenditure, awareness regarding oral health, and surge in the number of dental procedures. However, the market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the lower cost of dental laboratory work, growing dental tourism, and awareness of oral health & hygiene in the region.

Competitive Landscape

Key players competing in the Dental Laboratory market are Dentsply Sirona (U.S.); A-dec Inc. (U.S.); 3M Health Care (U.S.); Dental Service Group (U.S.); Henry Schein, Inc. (U.S.); Straumann AG (Switzerland).

FAQs

Mention the market size of the Dental Laboratory in 2021.

The market size of the Dental Laboratory in 2021 was USD 29.26 billion.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 5.5%.

What are the key drivers of the market?

The market's growth is attributed to the increasing demand for cosmetic dental procedures and the growing geriatric population.

What segments are covered in the Dental Laboratory report?

The segments covered in the report are equipment type (dental lasers, systems & parts), and product (restorative and oral care).

Mention the key players in the market.

Dentsply Sirona (U.S.); A-dec Inc. (U.S.); 3M Health Care (U.S.); Dental Service Group (U.S.); Henry Schein, Inc. (U.S.); Straumann AG (Switzerland).