The global dental laboratories market is At a predicted Compound Annual Growth Rate (CAGR) of 5.6% from 2022 to 2032, the company is expected to experience substantial growth. The market value is anticipated to soar from approximately US$29.24 billion in 2021 to even higher levels by 2032 as a result of this boom..
Technological Advancements Driving Market Expansion
The dental laboratories market is experiencing a period of exciting growth, fueled by several key factors:
- Emergence of Automation and Data Interchange: The integration of automation and data interchange technologies is revolutionizing dentistry. This trend is significantly increasing demand for dental laboratory services throughout the forecast period.
- Rapid Dental Innovations: Rapid advancements in the field of dentistry are having a substantial impact on the market. These advancements necessitate the expertise and services provided by dental laboratories.
Systems and Parts Segment Leads the Charge:
Within the dental laboratories equipment market, the systems and parts segment is expected to maintain its leading position. This segment, holding a projected share of around 35.1% in 2021, encompasses a wide range of equipment crucial for dental laboratory operations.
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Dental Laboratories Market- Competitive Landscape:
Given the extreme fragmentation of the dental laboratory sector, significant acquisitions and mergers involving joint ventures between private equity companies and sizable dental service providers are anticipated to spur market expansion.
It is anticipated that these acquisitions and mergers would lead to market consolidation, enabling large corporations to share in the gains from white space acquisitions.
For instance:
- Dentsply Sirona unveiled upgrades on its CEREC system in February 2021, which offers improved processes in terms of materials, the convenience of use, and performance.
- In September 2021, Planmeca Group announced plans to purchase the KaVo Treatment Unit & Instrument Company, bolstering its position as a leading provider of advanced dental solutions.
Key Market Players:
- Envista Holdings Corporation
- Dentsply Sirona
- A-dec Inc.
- Straumann AG
- Danaher Corporation
- Zimmer Biomet Holdings, Inc.
- Ultradent Products, Inc.
- GC Corporation
- Mitsui Chemicals, Inc.
- Planmeca OY
- Bego GmbH & Co. Kg
- Septodont Holding
- Ivoclar Vivadent AG
- Henry Schein, Inc.
- Champlain Dental Laboratory, Inc.
- Knight dental design
- National Dentex Corporation
- 3M Health Care
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Key Market Segments Covered In Dental Laboratories Industry Research
By Equipment:
- Dental Radiology Equipment
- Dental Lasers
- Systems & Parts
- Laboratory Machines
- Hygiene Maintenance Device
- Others
By Product:
- Restorative
- Orthodontic
- Endodontic
- Implant
- Oral Care
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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