Dental Laboratories Market 2023 Global Share, Key Country Analysis and Forecasts 2027

Dental Laboratories market in terms of revenue was estimated to be worth $35 Billion in 2022 and is poised to reach $46.5 billion by 2027, growing at a CAGR of 5.9% from 2022 to 2027 according to a latest report published by MarketsandMarkets™. The growth of this market is primarily driven by factors such as rapid growth in the geriatric population and the associated increase in the prevalence of edentulism, development of technologically advanced solutions, growing dental tourism in the emerging markets, rising incidence of dental caries and other periodontal diseases, increasing outsourcing of customization, and the increasing number of dental laboratories investing in CAD/CAM technologies.

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The dental laboratories industry is expected to grow over the next few years, driven by the increasing demand for dental services and the increasing availability of technology to improve dental procedures. With the aging population, the demand for cosmetic dentistry is also on the rise, leading to an increase in demand for dental laboratories. Additionally, the development of digital dentistry will likely have a positive impact on the industry, as it reduces the time and cost associated with traditional dental laboratory processes. Furthermore, advances in 3D printing technology are also expected to drive growth in the industry. As the technology continues to improve, the cost of production will decrease and the number of dental applications that can be produced using 3D printing will increase. The increasing demand for dental procedures is expected to create more opportunities for dental laboratories over the next few years.

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Hypothetic challenges of Dental Laboratories market in near future:

Increasing pressure to reduce costs: Dental laboratories will face increasing pressure from both dentists and patients to reduce costs and increase efficiency. This will require dental laboratories to keep up with the latest technologies and materials in order to remain competitive.

Increased competition from new technologies: New technologies such as 3D printing and CAD/CAM systems will create more competition in the dental laboratory market. This will likely lead to a decrease in prices, as well as a decrease in the quality of dental prosthetics.

Shortage of skilled technicians: With the retirement of experienced technicians, it will become increasingly difficult to find skilled technicians to keep up with the demands of dental laboratories.

Changes in regulations: New regulations and standards imposed by governments and other bodies will place additional pressure on dental laboratories to keep up with the latest standards and regulations.

Increased demand for digital dentistry: As digital dentistry becomes more popular, dental laboratories will need to invest in new technologies and processes to keep up with the demand. This will require a significant investment in training and equipment.

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This release was published on openPR.