The 2022 global market size for Dental Laboratories Market amounted to USD 3.86 Billion and is projected to reach USD 55.52 Billion by 2032, with an anticipated revenue Compound Annual Growth Rate (CAGR) of 6% throughout the forecast period. Market revenue growth is primarily propelled by the aging population and an increasing prevalence of dental problems. Furthermore, the demand for dental laboratory services is being augmented by advancements in Computer-Aided Design and Computer-Aided Manufacturing (CAD/CAM) and the evolution of Digital dentistry.
One of the key drivers for the growth of market revenue is the escalating incidence of dental diseases such as cavities, periodontitis, and oral cancer. According to the World Health Organization (WHO), an estimated 3.5 billion people worldwide suffer from oral disorders. Additionally, dental problems are more prevalent in the elderly population, contributing to the growing demand for dental laboratory services.
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Major companies and the competitive landscape:
The global dental laboratory market is highly competitive and comprises several players, both large and small, that operate globally. The major players in the market are engaged in various strategies such as mergers and acquisitions, partnerships, product launches, and collaborations to expand their market presence and enhance their product portfolio.
Some of the major companies in the global dental laboratory market are:
- DENTSPLY SIRONA Inc.
- Danaher Corporation
- 3M Company
- Zimmer Biomet Holdings Inc.
- Ivoclar Vivadent AG
- National Dentex Corporation
- Henry Schein, Inc.
- Modern Dental Group Limited
- Straumann Group
- Shofu Inc.
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Growth Factors for the Dental Laboratory Market:
- Aging Population: The increasing aging population globally is a significant factor driving growth in the dental laboratory market. As individuals age, there is a higher likelihood of dental issues, leading to a greater demand for dental laboratory services.
- Prevalence of Dental Problems: The rising prevalence of dental problems, including cavities, periodontitis, and oral cancer, is a major growth factor for the dental laboratory market. The need for restorative and prosthetic dental solutions fuels the demand for laboratory services.
- Advancements in CAD/CAM and Digital Dentistry: Technological advancements, particularly in Computer-Aided Design and Computer-Aided Manufacturing (CAD/CAM) technologies, along with the evolution of Digital dentistry, are driving growth in the dental laboratory market. These innovations enhance precision and efficiency in dental prosthetics and restorations.
- Increasing Demand for Dental Restorations: The growing awareness of the importance of dental health and aesthetics has led to an increased demand for dental restorations. Patients are seeking solutions such as crowns, bridges, and dentures, contributing to the expansion of dental laboratory services.
- Rising Global Incidence of Oral Disorders: The increasing incidence of oral disorders worldwide, as highlighted by the World Health Organization (WHO) estimating 3.5 billion people affected, is a key growth driver. This higher prevalence underscores the need for dental laboratory services to address diverse oral health issues.
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