The Global Market for Dental Laboratories is Projected to Reach US$14.7 Billion by 2020
Rising Edentulous Population & Emphasis on Oral
Care Drive the Global Dental Laboratories Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Dental Laboratories market. The
global market for Dental Laboratories is projected to reach US$14.7 billion by
2020, driven by the growing number of edentulous people, rising dental
procedural volumes, and growing awareness over the importance of dental care.
Dental laboratories are
primarily involved in the manufacture of dental prostheses including full or
partial dentures, crowns, veneers that enhance esthetics of patients and
orthodontic appliances or splints to aid in straightening or protection of
teeth. The global market for dental laboratories is driven by the growth in
number of dental procedures requiring placement of missing teeth or restoration
of original size and shape of teeth. In addition to expanding geriatric
population, rising awareness about oral healthcare, strong demand for cosmetic
dentistry and increasing incidence of dental deformations are set to drive the
dental laboratories market. Increasing use of laboratory-fabricated
provisionals to reduce chair time represents another major factor driving
growth in the market.
Dental
implants are well positioned to capture the growing tooth replacement
market. With over 250 million people in need of dentures in the industrialized
countries alone, the sector is poised to record high growth in the coming
years. The untapped potential in this sector remains huge given the fact that
only 10% to 12% of people in this target group are provided with dental
implants. Also, shortage of skilled lab personnel is encouraging the automation
and digitalization trend in laboratories as a means to transform workflow.
Against the backdrop of challenges such as offshore competition, chairside
CAD/CAM and industry consolidation, dental laboratories are evolving and are increasingly
realizing the need to embrace new technologies to counter competition. To
address the growing number of dental procedures and increasing demand for
esthetic restorations, dental laboratories are making use of 3D imaging and the
CAD/CAM technologies for enhancing productivity.
As stated by the new
market research report on Dental
Laboratories, the United States represents the largest market worldwide.
Asia-Pacific ranks as the fastest growing market displaying a CAGR of 11.6%
over the analysis period. Increasing income levels, rising standards of living,
improving healthcare services, changing demographics, and establishment of new
dental clinics, are fostering growth in the region.
Major players in the
market include 3M ESPE, A Plus Dental Laboratory, ADL Dental Laboratories,
Asteto Dent Labs, Champlain Dental Laboratory Inc., Dental Services Group,
DENTSPLY International, Inc., Elysee Dental Solutions BV, Flemming Dental
Service GmbH, Glidewell Laboratories, Institut Straumann AG, Iverson Dental
Laboratories, Knight Dental Design, Lord's Dental Studio, Inc., MicroDental
Laboratories Inc., Modern Dental Laboratory USA, National Dentex Corp., Nobel
Biocare Holding AG, Patriot Dental Laboratory, Shofu Inc., Southern Craft
Dental Laboratory, Inc., Swift Dental Laboratory Ltd., Utah Valley Dental Lab, and
Zimmer Biomet Holdings, Inc.
The research report titled
“Dental
Laboratories: A Global Strategic Business Report” announced by Global
Industry Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, and other strategic industry
activities of global companies. The report provides market estimates and
projections for all major geographic markets including the US, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe),
Asia-Pacific (China and Rest of Asia-Pacific), Latin America and Rest of World.
Global Industry Analysts, Inc. 6150 Hellyer
Ave., San Jose CA 95138, USA, All Rights Reserved.
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