Thursday, 20 June 2024

Dental Laboratories Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

Dental Laboratories Market Growth & Trends

The global dental laboratories market size is expected to reach USD 33.16 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.3% from 2024 to 2030. This can be attributed to increasing cosmetic dental procedures, the geriatric population, and awareness regarding oral hygiene. In addition, technological advancements are expected to fuel growth. For instance, the digitalization of dental labs and the introduction of Computer Aided Manufacturing (CAM) and Computer Aided Design (CAD) technology have improved the accuracy of dental appliances.  

According to World Population Aging, there were nearly 727 million people aged 65 or over in 2020, globally, and the number of aged people is anticipated to double to 1.5 billion by 2050. The high incidence rate of the elderly population is anticipated to fuel the market growth as the geriatric population is highly susceptible to dental conditions such as xerostomia coronal & root caries and periodontitis. Furthermore, the adverse dental effects due to the frequent use of prescription or OTC drugs by the elderly population are anticipated to boost the market growth.

The market is highly fragmented and is anticipated to witness significant mergers & acquisitions from both large dental service organizations and private equity firms. These mergers and acquisitions are anticipated to lead to market consolidation and enable to leverage advantages of white space acquisition. For instance, in 2022, Henry Schein, Inc. acquired Midway Dental Supply. The Midway company is a dental distributor serving dental laboratories and dental offices across the U.S. This acquisition is anticipated to contribute to the company’s growth through the addition of a new product portfolio.

Request a free sample copy or view report summary: Dental Laboratories Market Report

Dental Laboratories Market Report Highlights

  • Oral care segment led the market and accounted for 27.67% of global revenue in 2023. It is also anticipated to witness lucrative growth over the forecast period owing to an increase in awareness regarding oral hygiene and the growing adoption of dentures.
  • Metal ceramics segment led the dental laboratories market and accounted for 56.59% of global revenue in 2023.
  • Crowns segment led the market and accounted for 35.53% of global revenue in 2023, due to their widespread use in restorative dentistry. Crowns are custom-made caps that cover a damaged or decayed tooth, restoring its shape, size, strength, and appearance.
  • North America region led the market and accounted for 38.04% of global revenue in 2023 owing to well-established healthcare infrastructure, high healthcare expenditure, an increase in the prevalence of dental diseases, a surge in the number of oral procedures in the region, and high awareness regarding oral health.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-dental-laboratories-market

Dental Laboratories Market Segmentation

Grand View Research has segmented the global dental laboratories market on the basis of product, material, equipment, prosthetic type, and region:

Dental Laboratories Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Restorative
  • Orthodontic
  • Endodontic
  • Oral care
  • Implant

Dental Laboratories Material Outlook (Revenue, USD Million, 2018 - 2030)

  • Metal Ceramics
  • Traditional All Ceramics
  • CAD/CAM Materials
  • Plastic
  • Metals

Dental Laboratories Equipment Outlook (Revenue, USD Million, 2018 - 2030)

  • Dental Radiology Equipment
  • Dental Lasers
  • System and Parts
    • 3D Printing Systems
    • Integrated CAD/CAM Systems
    • Other Systems and Parts
  • Laboratory Machines
    • Casting Machines
    • Milling Equipment
    • Furnaces
    • Articulators
    • Other Laboratory Machines
  • Dental Scanners
  • Others

Dental Laboratories Prosthetic Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Bridges
  • Crowns
  • Veneers
  • Dentures        
  • Clear Aligners

Dental Laboratories Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

List of Key Players of Dental Laboratories Market

  • Envista Holdings Corporation
  • Dentsply Sirona
  • A-dec Inc.
  • Straumann AG
  • Henry Schein, Inc.
  • Champlain Dental Laboratory, Inc.
  • Knight dental design
  • National Dentex Corporation
  • 3M Health Care
  • Dental Services Group

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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