Global Dental Laboratory Industry is Expecting Major Revenue Surge in Near Future


Posted October 19, 2020 by mmvaidya

The dental laboratory market is expected to reach USD 43.08 Billion by 2022 from an estimated USD 32.56 Billion in 2017.
 
Years considered for this report:

2016 – Base Year
2017 – Estimated Year
2022 – Projected Year

[241 Pages Report] The global Dental Laboratory Market is projected to reach USD 43.08 Billion by 2022 from USD 32.56 Billion in 2017, at a CAGR of 5.8% from 2017 to 2022. The growth in this market is primarily attributed to the rapid growth in the geriatric population and the associated increase in the prevalence of edentulism and increasing outsourcing to dental laboratories for customized prosthetic solutions.

Target Audience:

# Dental product manufacturers & distributors
# Dental equipment manufacturers & distributors
# Dental laboratories
# Government associations and dental practitioners
# Market research and consulting firms
# Venture capitalists and investors

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Industry Segmentation:

By equipment, the milling equipment segment is expected to hold the largest share of the market during the forecast period

Based on equipment, the global dental lab market is segmented into milling equipment, scanners, furnaces, and articulators. In 2016, the milling equipment segment accounted for the largest share of the dental laboratories market, this trend is also expected to continue during the forecast period. The growth of this segment can be attributed the increasing use of milling equipment in dental restoration to obtain high precision and accuracy, increasing use of digital manufacturing processes in dentistry, and the increasing demand for fabricating or customizing restoration models in a cost-effective manner.

The metal-ceramics segment accounted for the largest share of the indirect restorative material market in 2016

On the basis of indirect restorative materials, the Dental Laboratory Market is segmented into metal-ceramics, ceramics, and other indirect restorative materials. In 2016, the metal ceramics segment accounted for the largest share of the market. The large share of this segment can be attributed to its strength, durability, resistance to fracture, and high biocompatibility as compared to ceramics and other indirect restorative materials.

Geographically, the global dental lab market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa. Europe holds the largest share of this market. However, the APAC region is expected to witness the highest CAGR during the forecast period of 2017 to 2022. The growth of this segment can be attributed to the rising geriatric population, growing dental tourism, increase in the number of dental laboratories, and increasing outsourcing of various manufacturing services to the region are driving the growth of dental laboratories in APAC. However, the high cost of the dental equipment and materials is expected to hinder the growth of this market to a certain extent.

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The major players in the dental laboratory market are DENTSPLY SIRONA Inc. (US), Danaher Corporation (US), 3M Company (US), Ivoclar Vivadent AG (Liechtenstein), GC Corporation (Japan), Planmeca Oy (Finland), VITA Zahnfabrik H. Rauter GmbH & Co. KG (Germany), Zimmer Biomet Holdings, Inc. (US), Mitsui Chemicals, Inc. (Japan), Septodont Holding (France), and Shofu Inc. (Japan).

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Issued By Makraand Vaidya
Country United States
Categories Industry , Medical , News
Tags dental laboratory , dental laboratory market
Last Updated October 19, 2020