Global Market Rise in Dental Tourism Benefits Dental Laboratories, Set to Expand at 5.7% CAGR 2015-2023

The global dental laboratories market is likely to expand at a 5.7% CAGR from 2015 to 2023, according to a report added to the massive database of Market Research Reports Search Engine (MRRSE). This 110-page report, published by Transparency Market Research, is titled “Dental Laboratories Market (Geography - North America, Europe, Asia Pacific and Rest of the World) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.”

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Based on the findings of the report, the dental laboratories market is poised to increase from a value of US$12.9 bn in 2014 to US$20.2 bn by 2023 fueled by the advancements in technology, the rise in dental tourism, and recent outsourcing trends in the dental laboratories market.

The report offers a detailed assessment of the worldwide market for dental laboratories by studying the various regional segments. This section forms the focus of the entire study. By geography, the dental laboratories market has been divided into Europe, North America, Asia Pacific, and Rest of the World (RoW). Each geographical segment has been further broken down to comprise prominent countries and regions. North America comprises Canada and the US; Asia Pacific is segregated into Japan, China, and Rest of Asia Pacific; Europe is fragmented into the UK, France, Italy, Germany, Spain, and Rest of Europe; the RoW comprises the Middle East and Africa and Latin America.

Europe has emerged as the leading regional market for dental laboratories, driven single-handedly by an increase in community-based oral health programs that focus on increasing awareness among the population, delivering preventive treatment, and improving overall patient education regarding artificial dental products and procedures. North America was the second largest market for dental laboratories in 2014.

However, Asia Pacific is anticipated to emerge as the dark horse; surpassing both the aforementioned developed markets, APAC is likely to become the dominant regional segment in the global dental laboratories market. By 2023, the Asia Pacific market is expected to make the most of several favorable factors, including the growing trend of dental tourism in the region, the rise in the demand for periodontics, orthodontics, bridges, crowns, and implants, the improvement in healthcare conditions in APAC, and the surging number of laboratories established in recent years.

The RoW market for dental laboratories faces several challenges owing to the present healthcare conditions in Africa, Latin America, and the Middle East. The burden of underdevelopment and poverty, coupled with insufficient primary healthcare delivery, shortage of technical and financial resources, and the dearth of trained healthcare professionals, has greatly hampered the dental laboratories market in Africa.

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Modern Dental Laboratory Co., Ltd., Shofu Inc., Keating Dental Arts, Henry Schein, Inc., Yenadent Ltd. Sti., Danaher Corporation, Sirona Dental Systems, Patterson Companies, Inc., Dentcare Dental Lab, Zimmer Biomet Holdings, Inc., 3M Health Care, Institut Straumann AG, and National Dentex Corporation are some of the leading vendors in the dental laboratories market.

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