The Global Dental Laboratories Market is Projected to Reach US$14.8 Billion by 2024
Expanding Population with
Dental Deformations, Edentulism & Rising Awareness Over Oral Health Drive
Growth in the Global Dental Laboratories Market, According to 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 Dental
Laboratories market is projected to reach US$14.8 billion by 2024, driven by the continuous
rise in the number of dental procedures, increasing instances of dental
edentulism especially among the geriatric population, and the growing awareness
about dental healthcare.
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. Dental laboratory market worldwide is expected to maintain
its momentum and register a healthy growth over the near future, driven mainly
by the continuous increase in the number of dental procedures performed that
involve placement of missing teeth or restoration of original size and shape of
teeth.
The
global market for dental laboratories is being driven by factors such as an
expanding elderly population and the subsequent increase in prevalence of
edentulism and other dental problems such as caries and periodontal diseases.
Besides age-related dental problems, dental diseases or disorders caused by
unhealthy dietary habits and lack of dental hygiene are leading to a
significant increase in demand for various dental products and services, thus
presenting significant opportunity for the dental labs market. Rising awareness
about oral healthcare and increasing occurrence of dental deformations are set to drive the number
of dental procedures worldwide. The number of people exhibiting preference for
prosthetic treatments such as dentures, crowns and bridges also continues to
grow, presenting favorable outlook for the dental labs market.
The
growth in the dental labs market is also being propelled by the rising demand
for cosmetic dental treatments, owing to the increasing consumer focus on
maintaining and enhancing physical appearance. Rising disposable incomes of
people and their increasing spending power, and the growing awareness about
aesthetics is contributing to the escalating demand for dental products and
treatments, thus driving the dental labs market. In emerging
markets, the rapid growth of dental tourism presents opportunities for the
market. The trend towards outsourcing of prosthetic and restorative products
manufacturing as well as for customized products is another major growth driver
for the dental labs market. Market growth will be propelled further by the
adoption of innovative approaches and advanced implant materials along with
growing emphasis on aesthetics and accelerated healing among patients.
As
stated by the new market research report on Dental
Laboratories, the United States represents the largest regional market, worldwide. The
region benefits from the growing occurrence of dental problems especially
amongst the elderly and the presence of a well-established and advanced
healthcare and dental infrastructure in the country. Sustained increase in
spending on oral healthcare and the availability of reimbursement coverage for
dental procedures also augur well for the dental labs market. Asia-Pacific is
forecast to register the fastest CAGR of 10 % over the analysis period. The
region’s growth will be driven by factors such as rising dental needs of an
expanding geriatric population, increase in the number of dental labs in
operation, and rapidly growing dental tourism market. The market also benefits
from the steady advancements in dental healthcare and increasing awareness
about oral care, which is fueling demand for dental restorations and implant
procedures.
Major
players in the market include 3M ESPE, A Plus Dental Laboratory, ADL Dental
Laboratories, Asteto Dent Labs, Champlain Dental Laboratory Inc., Dentsply
Sirona, Elysee Dental Solutions BV, Glidewell Laboratories, Institut Straumann
AG, MicroDental Laboratories Inc., Modern Dental Laboratory USA, National
Dentex Corporation, Nobel Biocare Holding AG, Patriot Dental Laboratory, Shofu
Inc., Utah Valley Dental Lab, and Zimmer Biomet Holdings Inc., among others.
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, mergers, acquisitions and other strategic
industry activities of global companies. The report provides market estimates
and projections for all major geographic markets such as 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.
For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com
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