Reports and Data's latest report states that the Global Dental Laboratory Market was worth USD 3.86 billion in 2022 and is projected to grow at a CAGR of 6% over the forecast period. The rising prevalence of dental disorders, such as cavities, periodontitis, and oral cancer, is one of the key factors contributing to the growth of market revenue. According to the World Health Organization (WHO), 3.5 billion people worldwide suffer from oral disorders, and the elderly population has a higher incidence of dental problems, leading to increased demand for dental laboratory services.
Another factor fueling the growth of the dental laboratory market is the adoption of CAD/CAM and digital dentistry technology, which has revolutionized the way dental services are delivered. The use of digital dentistry in dental labs has made dental restorations more precise and faster, aiding in patient recovery. Additionally, advancements in 3D printing technology have enabled dental laboratories to produce dental prostheses more quickly and accurately. The rising popularity of cosmetic dentistry, which requires dental laboratories for procedures such as veneers, dental implants, and tooth whitening, is also driving market revenue growth as patients become more aware of dental aesthetics.
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The market is expected to grow in terms of revenue due to the increasing use of personalized medicine, which involves developing individual treatment plans based on patient-specific data in dental customized medicine. This approach is expected to drive demand for dental laboratory services as dental prostheses and restorations are tailored to meet each patient's unique needs. Furthermore, increasing awareness of oral health and rising disposable income in emerging markets are driving demand for dental services, leading to a boost in market revenue growth.
Major companies and the competitive landscape:
The global dental laboratory market is highly competitive and comprises several players, both large and small, that operate globally. The major players in the market are engaged in various strategies such as mergers and acquisitions, partnerships, product launches, and collaborations to expand their market presence and enhance their product portfolio. Some of the major companies in the global dental laboratory market are:
- DENTSPLY SIRONA Inc.
- Danaher Corporation
- 3M Company
- Zimmer Biomet Holdings Inc.
- Ivoclar Vivadent AG
- National Dentex Corporation
- Henry Schein, Inc.
- Modern Dental Group Limited
- Straumann Group
- Shofu Inc.
The dental laboratory market is being driven by several factors, including:
- Rising prevalence of dental disorders: The increasing prevalence of dental issues such as cavities, periodontitis, and oral cancer is driving up the demand for dental laboratory services worldwide.
- Adoption of CAD/CAM and digital dentistry technology: The use of CAD/CAM and digital dentistry technology has transformed the way dental services are delivered. This technology has made dental restorations more precise, rapid, and efficient, leading to a surge in demand for dental laboratory services.
- Popularity of cosmetic dentistry: With increasing patient awareness of dental aesthetics, the demand for cosmetic dentistry procedures such as veneers, dental implants, and tooth whitening is on the rise. Dental laboratories are necessary for such procedures, contributing to the growth of the dental laboratory market.
- Growing aging population: The elderly population has a higher incidence of dental issues, leading to increased demand for dental laboratory services.
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There are also several restraints that are impacting the growth of the dental laboratory market. These include:
- High costs: Dental laboratory services can be expensive, which can make them unaffordable for some patients. This can limit the growth of the market, especially in regions where healthcare costs are a significant concern.
- Limited reimbursement policies: Some insurance policies do not cover dental laboratory services, which can make them inaccessible for patients who cannot afford to pay out of pocket.
- Lack of skilled technicians: The availability of skilled technicians is limited in some areas, which can lead to delays in service and decreased quality of care.
- Stringent regulatory requirements: The dental laboratory market is subject to strict regulations that can make it difficult for companies to enter the market or expand their operations.
The dental laboratory market has seen several notable innovations in recent years. Some of these include:
- Digital dentistry: The use of digital technologies such as CAD/CAM software, 3D printing, and intraoral scanners has revolutionized the dental laboratory market, allowing for faster, more accurate, and more efficient production of dental prosthetics.
- Implant-supported dentures: Implant-supported dentures are a significant innovation in dental prosthetics. These dentures attach to dental implants rather than resting on the gums, providing greater stability, comfort, and functionality.
- Zirconia crowns: Zirconia crowns are a type of dental crown that is made from a strong, durable material that is resistant to chipping, cracking, and wear. These crowns are often used in cosmetic dentistry because they closely resemble natural teeth.
- Metal-free dental implants: Metal-free dental implants, made from materials such as zirconia or ceramics, are an alternative to traditional titanium implants. These implants are more biocompatible and aesthetic, making them an attractive option for some patients.
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