Dental Laboratories Market to See Booming Growth 2023-2030 with Boosted Revenue, Business Experts, Market Value Analysis, Size, Share, Growth | Straumann AG, Zimmer Biomet, GC Corporation
Dental laboratories create dental prostheses like crowns, dentures, bridges, implants, etc. based on dentists' prescriptions or impressions. They play a crucial role in dental care by providing high-quality, customized dental devices and restorations.
The growth of the dental laboratories market is majorly driven by the rising prevalence of dental diseases worldwide. As per the US Centers for Disease Control and Prevention, dental caries (tooth decay) is one of the most common chronic diseases among children and adults. Nearly 92% of adults aged 20 to 64 have dental caries in permanent teeth. Increasing cases of periodontal diseases are also driving the need for dental procedures and restorations, thereby fueling market growth. Furthermore, technological advancements in the field of dental materials, equipment, and digital solutions are supporting dental labs' efficiency and workflow. The introduction of dental 3D printers, milling machines, and CAD/CAM systems has streamlined the process of manufacturing dental prosthetics.
The report offers a '110+ Pages' thorough expert analysis of the present state of the keyword market. Among the market data evaluated and re-validated in the study are CAGR, gross margin, revenue, price, production growth rate, volume, value, market share, and year-over-year growth. The most up-to-date primary and secondary research approaches were used to construct this comprehensive Dental Laboratories Market report.
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𝐔𝐩𝐝𝐚𝐭𝐞𝐝 𝐕𝐞𝐫𝐬𝐢𝐨𝐧 𝐎𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟑 𝐈𝐧𝐜𝐥𝐮𝐝𝐞𝐬:
🠺 Brief Introduction to the research report.
🠺 Table of Contents (Scope covered as a part of the study)
🠺 Top players in the market
🠺 Research framework (structure of the report)
🠺 Research methodology adopted by Coherent Market Insights
Major companies in Dental Laboratories Market are:
Envista Holdings Corporation, Dentsply Sirona, A-dec Inc., Straumann AG, Zimmer Biomet, GC Corporation, Ultradent Products Inc., Biohorizons Implants System, Inc., Biolase Technology, Inc., Dentatus Ab, Dentsply International, Inc., Gendex Ltd, Roland, Mitsui Chemicals, Inc., Planmeca, Septodont Holding, and Voco Gmbh.
Increasing Number of Dental Practices is a Key Driver for Dental Laboratories Market Growth
The rising number of dental practices across the globe has significantly contributed to the growth of the dental laboratories market. According to various studies, the number of dentists and dental clinics has witnessed substantial growth over the past few years owing to the rising awareness about oral healthcare. With more dental practices established, the demand for dental prosthetics, implants, crowns, dentures, and other dental restorations have increased significantly. Dental laboratories play a crucial role in manufacturing these dental products and solutions as per the specifications and requirements of dentists. They work closely with dentists and dental surgeons to deliver customized restorative solutions for patients. The proliferation of dental practices worldwide has augmented the business of dental labs and boosted their revenues.
Growing Demand for Advanced Cosmetic Dentistry is Fueling Market Growth
Advanced cosmetic dental procedures such as teeth whitening, veneers, dental bonding have gained immense popularity in recent years. More people are opting for aesthetic dental treatments to improve their smile and enhance facial appearance. This growing demand for aesthetic and cosmetic dentistry has positively impacted the dental laboratories industry. These labs work with dentists and dental specialists to produce customized dental restorations, implants, and prosthetics required for various cosmetic dental procedures. The rising preference towards beauty dental treatments and procedures among individuals is driving significant growth for dental laboratories engaged in manufacturing solutions for aesthetic and restorative dentistry.
High Cost of Equipment and Infrastructure Poses a Major Challenge
Setting up a dental laboratory requires heavy investments in high-end equipment, technology infrastructure, and hiring skilled technicians. Equipment required for designing, fabricating and testing dental prosthetics such as dental mills, 3D printers, furnaces, die trimmer, dental cameras involve high capital expenditures. Additionally, dental labs need to continually upgrade their machinery and technologies to integrate latest advancements. This makes the initial setup and operations of a dental lab a costly affair. Being a highly technological domain, maintaining dental lab infrastructure and equipment is also an expensive process. The high fixed costs associated with equipment, facilities, and skilled workforce pose a major challenge for small and mid-sized laboratories. It restricts new entrants and threatens profitability of existing players operating with limited financial resources.
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Advancements in Technology Open Avenues for Growth
Technological innovations have opened new growth opportunities for players in the dental laboratories industry. Advancements such as CAD/CAM systems, 3D printing, digital scanners have automated and streamlined core manufacturing processes of dental labs. Integrating emerging technologies enables dental labs to produce high-quality customized restorations at faster turnaround times. It also enhances productivity, reduces manual errors, and improves collaboration between dentists and labs. The application of robotics, AI, and IoT offers promising prospects with potential to transform traditional lab workflows. Adoption of augmented reality and tele dentistry also holds potential to disrupt conventional practices. Leveraging latest technological breakthroughs enables dental labs to expand service offerings, gain competitive edge, and appeal to both dentists as well as patients.
Consolidation is a Key Trend Gaining Momentum in the Industry
Increasingly, bigger players in the dental laboratories sector are acquiring smaller labs to consolidate their market position and geographical footprint. Manufacturers are engaging in mergers and acquisitions to amass capabilities, boost production capacity, and leverage combined research expertise. It allows companies to achieve economies of scale, strengthen distribution networks, and standardize operations on a larger scale. Regional and international expansion is another motive driving the acquisition strategy of larger lab chains. The trend of consolidation is expected to intensify competition but benefit large, well-established brands. It will help them gain bargaining power with equipment vendors and dental professionals. Meanwhile, independent small dental labs may find it difficult to withstand pricing pressures in a consolidated market landscape.
By Product: Restorative, Implant, Oral Care, Orthodontic, Endodontic, Others
By Equipment: Milling Equipment, Dental Scanners, Furnaces, Articulators, Dental Lasers, Others
🠺 North America (United States, Canada and Mexico)
🠺 Europe (Germany, France, UK, Russia and Italy)
🠺 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
🠺 Latin America (Brazil, Argentina, Colombia etc.)
🠺 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The Dental Laboratories Market report compiles data from Primary sources involves conducting extensive interviews with industry experts and key opinion leaders, such as CEOs, marketing executives, experienced front-line staff, downstream distributors, and end-users. On the other hand, secondary sources involve analysing annual and financial reports of top companies, public files, news journals, and other relevant sources. Additionally, we collaborate with third-party databases to ensure comprehensive and accurate data.
These are the Reasons to Invest in this Report:
✔ Dental Laboratories Market provides an analysis of the changing competitive environment
✔ Analytical data and strategic planning methods are involved to help businesses make informed decisions.
✔ Few year assessment for Dental Laboratories Market.
✔ It allows you to understand the key product segments.
✔ Our team shed light on market dynamics such as drivers and restraints, trebds and opportunities.
✔ It provides a regional analysis of the Dental Laboratories Market as well as business profiles for several stakeholders.
✔ It provides massive data on trending factors that can influence the development of the Dental Laboratories Market.
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Expanding the Market:
The Dental Laboratories market has strategically focused on expanding its market presence and customer base. By partnering with technology leaders, they aim to tap into new markets and extend their influence globally. This collaborative approach allows the Dental Laboratories industry to combine their resources, knowledge, and networks, resulting in mutually beneficial outcomes for all stakeholders involved
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