Dental Lab Market is expected to reach US$ 54,008.10 Million by 2027

Dental Lab Market: Key Insights

According to our new research study on “Dental Lab Market Forecast to 2027 – Global Analysis – by Material, Equipment, Prosthetics, Application, and Geography,” the global Dental Lab Market size is expected to reach US$ 54,008.10 million by 2027 from US$ 33,264.24 million in 2018; it is estimated to grow at a CAGR of 5.7% during 2019–2027. The report highlights trends prevailing in the market and factors driving its growth. The Dental Lab Market growth is attributed owing to rising demand for cosmetic dentistry, rapid technological advancements in dental laboratories, such as the use of bone morphogenic proteins and hydroxyapatite coatings as implant materials resulting in reduced chair time, faster healing, and painless procedures. However, the high installation and maintenance cost of dental equipment may hinder the growth of market.

North America accounted for the largest share in 2018 and is expected to continue with a similar trend over the forecast period. The North America Dental Lab Market is segmented into the US, Canada, and Mexico. The market for dental laboratories in the US is expected to grow owing to rising number of dental laboratories, increasing production of dental devices, and escalating cases of dental problems, among others. In addition, the country has a well-developed technological landscape. Developments in the field of dental science have led to the adoption of computer-aided design and computer-aided manufacturing systems. The use of technologies enables dentists to achieve improved efficiency and flexibility, which helps them showcase the best results or outcomes for patients suffering from dental problems.  Thus, owing to the factors mentioned, it is expected that penetration of start-up companies, rising employment for dental laboratories, and others are likely to propel the growth of the market in the coming years.

Rising Demand for Cosmetic Dentistry Fueling Dental Lab Market Growth

The dental cosmetic industry has gained substantial traction and fame over a period. The cosmetic dentistry aims to improve the appearance of gums, teeth, and bites. Cosmetic implant dentistry is also being induced through surgeries that involve smile correction and other aesthetic procedures. Millennials and baby boomers are primarily responsible for the growth of cosmetic dentistry. The increasing demand for cosmetic dentistry has thus fueled the need for prosthetic dental products and their accessories. Advances in dental materials and computer technology have helped CADCAM-fabricated restorations not just possible in dentistry but plentiful. When using CAD/CAM systems, operators are able to fabricate restorations from several materials, including ceramics, metal alloys, and various composites. In addition, dental service consumers are becoming more demanding in terms of aesthetics. CAD/CAM technology for milling of these prostheses in dental laboratories, as well as dental offices, has helped to fulfill the demand of cosmetic dentistry users. Such factors have aided the global Dental Lab Market in the recent past and are expected to continue with a similar trend over the forecast period.

Dental Lab Market: Segmental Overview

Material-Based Insights

The global Dental Lab Market, based on material, is segmented into metal-ceramics, ceramics, and others. The metal-ceramics segment accounted for the largest share in the Dental Lab Market in 2018 and is expected to grow owing to its adequate strength. However, the ceramics segment is expected to witness the fastest growth during 2019 to 2027.

Equipment-Based Insights

The global Dental Lab Market, based on equipment, is segmented into dental milling equipment, dental articulators, furnaces, and dental scanners. The dental milling equipment segment accounted for the largest share in 2018 and is expected to witness the fastest growth during 2019 to 2027.

Prosthetics-Based Insights

The global Dental Lab Market, based on prosthetics, is segmented into dental bridges, dental crowns, and dentures. The dental crowns segment was the largest among the prosthetics subsegment in 2018 and is expected to witness considerable growth during 2019 to 2027.

Application-Based Insights

The global Dental Lab Market, based on application, is segmented into restorative, oral care, endodontic implants, orthodontic, and prosthetics. The restorative segment was the largest among the application subsegments in 2018 and is expected to witness significant growth during 2019 to 2027.

Dental Lab Market: Competitive Landscape and Key Developments

Dentsply Sirona; Danaher; Zimmer Biomet; Sun Dental Labs; 3M; BEGO GmbH & Co. KG; Illusion Dental Laboratory Pv. Ltd.; Ultradent Products Inc.; GC Corporation; Mitsui Chemicals, Inc.; Planmeca OY; DDS Dental Lab; Modern Dental USA Official; and Ivoclar Vivadent AG are among the leading companies in the Dental Lab Market. The Dental Lab Market share is anticipated to flourish with the development of new innovative products by market players.

• In July 2018, Danaher Corporation revealed its intention to spin off its dental segment into a separate, publicly traded company (DentalCo). The transaction is expected to be completed in the second half of 2019.
• In March 2020, Coherent who is a manufacturer of laser-based technologies, and exocad, a CAD/CAM software developer and supplier for dental applications, have announced a collaboration aimed to improve the digital workflow for dental laboratories. This will result in increased efficiency with simplified workflows that ensure better outcomes for dental patients.

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