Global dental laboratories market was valued at US$ 12,991.6 Mn in 2014 which is projected to expand at a CAGR of 4.9% from 2015 to 2023 to reach US$ 20,234.1 Mn in 2023
Oral health is essential to one’s quality of life and the focus on oral hygiene has increased of late owing to the growing prevalence of oral diseases and conditions, such as cavities, periodontal disease, oral cancer, oral bacterial, fungal, or viral infections, and oro-dental trauma. As indicated by the World Health Organization, public health solutions for oral diseases need to work in tandem with national public health programs to be most effective.
As a result, countries around the world are focusing on setting up dental laboratories to offer quality treatment and solutions. Dental laboratories are focused on the manufacture of various dental prostheses to support the protection and/or straightening of teeth.
The global market for dental laboratories offers a comprehensive overview of the many trends that define its performance worldwide. It presents an analytical assessment of the factors driving the growth of the dental laboratories market and those acting as impediments in its trajectory.
The current and projected growth of the various regional segments has been presented in the report with the help of various qualitative as well a quantitative tools.
Global Dental Laboratories Market: Drivers and Restraints
The worldwide market for dental laboratories is set to expand at a moderate yet steady pace during the forecast period, amounting to an estimated US$20 bn by 2023. This can be attributed to a host of factors, such as growing awareness about oral health, the rise in dental procedures to restore or replace teeth, an upsurge in the incidence of dental deformations, and increasing demand for cosmetic dentistry.
The advent of technologically advanced techniques such as computer aided manufacturing and computer aided design have supported the global market. There is major untapped potential in the dental laboratories market and the ongoing trend of automation and digitalization is sure to have a positive impact on its growth.
On the down side, however, the market is likely to be hampered by the dearth of skilled technicians, limited affordability of patients in several developing countries, and subpar healthcare infrastructure in many regions.
This exhaustive report includes a 360° view of the Dental Laboratories Market. Browse through this 185-page report to know what factors will shape the market during the period 2016-2024
Global Dental Laboratories Market: Regional Outlook
By way of geography, the global dental laboratories market can be fragmented into North America, Asia Pacific, Europe, and Rest of the World. Europe and North America both account for a major share in the dental laboratories market and are expected to hold on to their lead position in the years to come as well.
The number of oral healthcare centers and initiatives have been on the rise in these regions owing to growing awareness among the people regarding oral hygiene, greater education regarding the various advanced dental procedures presently available, the availability of well-equipped dental laboratories, and increased focus on providing patients quality treatment.
Asia Pacific is also expected to register strong growth through 2024, presenting a host of lucrative opportunities for players in the dental laboratories market. This can be attributed to the growth of dental tourism in a number of APAC countries and the resulting demand for dental equipment and consumables.
In addition to this, the Asia Pacific dental laboratories market is fueled by improving awareness about oral health, rising disposable income of the consumers, and improving healthcare infrastructure.
Companies mentioned in the report
Patterson Companies Inc., Modern Dental Laboratory Co. Ltd., Sirona Dental Systems, Shofu Inc., 3M Health Care, Danaher Corp., Zimmer Biomet Holdings Inc., National Dentex Corp., Yenadent Ltd.
Sti., Institut Straumann AG, Dentcare Dental Lab, Henry Schein Inc., and Keating Dental Arts are few of the leading players in the dental laboratories market. These players are looking to gain a larger share in the global market by focusing on product innovation, greater precision, and better patient services.
With dental procedures and laboratories evolving at a rapid pace in most developed countries, companies have to step up their game in order to counter the intense competition.
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