The global dental laboratories market is predicted to reach an outstanding growth rate of USD 58,616.6 million by 2024. Projections indicate that by 2034, the industry will have grown to an estimated USD 99,300 million. The improved aesthetic appeal of the dentistry sector and the development of innovative dental technology methods are credited with this increase.
The business is expected to increase at a compound annual growth rate (CAGR) of 5.4% between 2024 and 2034. The primary drivers of the industry are the government’s initiatives to pay for dental treatment and the rising public awareness of oral health care.
Due to their ability to produce orthodontic appliances, fabricate prosthetics, and perform dental restorations, dentistry laboratories play a vital role in the dental industry. It is anticipated that there would be a significant need for high-quality dental laboratory services as the need for dental services grows on a global scale as a result of factors like population growth, aging populations, and rising oral health awareness.
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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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