The Global Dental Laboratories Market size is expected to reach $51.4 billion by 2027, rising at a market growth of 10.4% CAGR during the forecast period. Dental laboratories produce or customize the type of products that help in the provision of oral health care by an authorized dentist. These products involve bridges, dentures, crowns & other dental products. While manufacturing these products, the dental lab physicians follow the instructions given by an authorized dentist. The type of products manufactured is therapeutic devices (like orthodontic devices) and prosthetic devices (like denture teeth and implants).
The FDA controls and manages these products as medical devices thus, they are subject to FDA's quality system (QS) requirements and good manufacturing practice (GMP). But, in several cases, these products are exempted from the manufacturer registration policy. Commonly, refurbishments manufacturing involves dental implants, bridges, dentures, and crowns. Among these, dental implants are comparatively the latest dental technologies introduced in the field of dentistry.
The rising number of an aging population and surging demand for cosmetic dental procedures are some of the factors that are expected to upsurge the growth of the dental laboratories market. As stated by World Bank, there is an increase in the number of aging population from 8. 4% to 9.3% in the past few years. This is attributed to boost the growth of the market in the upcoming years.
The dental laboratories market was negatively impacted by the COVID-19, as patient volumes, and dental spending were decreased. Due to the pandemic, several nations closed their dental practices except for emergency visits. The decline in cash flow in dental clinics accompanied by reduced demand for dental prosthetics impacted the capital equipment and materials markets. In general, the effects of the pandemic on the dental laboratories market are anticipated to differ by market segment.
In addition, the COVID-19 pandemic has reduced the number of visits to the hospital and clinics for a dental health checkup, leading to a reducing the demand for dental laboratories. A significant downfall was observed in the revenue or net sales. However, this is anticipated to be a temporary downfall, and the market is estimated to resume growth in the upcoming years.
Various governments have taken different initiatives to make people aware of oral healthcare, which has resulted in faster recovery from dental problems. The governments have also presented reimbursement schemes for dental treatment, which has emerged as a primary factor driving the growth of the dental laboratories market. In addition, the growing number of technological advancements in dental implants and their solutions utilized for restorative dentistry has also driven the growth of the dental laboratories market.
There is an upsurge witnessed in the demand for restorative and cosmetic dentistry due to improvements in technology and materials, which has resulted in the huge demand for dental laboratory technicians. In addition, technicians have become independent due to advancements in technology as there is no need to work with close supervision. Technicians also often feel satisfied with the results of taking an entire project from start to finish.
The adoption of the latest technologies like computer-based design (CAD) and computer-based manufacturing (CAM) requires high capital investments. Also, the equipment and latest devices used while performing treatment are expensive. Thus, for the setup of a new dental laboratory, there is a need of spending a huge amount on purchasing materials, equipment, devices, and the latest technologies. In addition, the lack of proper reimbursement, intense competition in the market, stringent regulations for patient safety, and limited geographical reach are the major factors that may hinder the growth of the dental laboratories market.
Based on Product, the market is segmented into Oral care, Implants, Restorative, Orthodontic, and Endodontic. Oral care acquired the maximum revenue share in 2020. The factors such as the rising deployment rate of dentures and growing awareness related to oral hygiene are expected to offer lucrative growth opportunities to the dental laboratories market during the forecasting period.
Based on Equipment Type, the market is segmented into Systems & Parts, Laboratory Machines, Dental Radiology Equipment, Dental Lasers, Hygiene Maintenance Devices and Others. The dental lasers segment is anticipated to register the fastest growth rate during the forecasting period. The growth of this segment would witness a significant surge due to the rising deployment of computer-aided design, laser sintering, laser welding, and computer-aided manufacturing. In diagnostic and surgical procedures, dental lasers find their huge application.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 24.7 Billion |
| Market size forecast in 2027 | USD 51.4 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 10.4% from 2021 to 2027 |
| Number of Pages | 205 |
| Number of Tables | 313 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Equipment Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region in the dental laboratories market by obtaining the largest market share in 2020. This is attributed to factors such as rising awareness related to oral health, well-established healthcare infrastructure, and high healthcare expenditure.
Free Valuable Insights: Global Dental Laboratories Market size to reach USD 51.4 Billion by 2027
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; 3M Company is the major forerunners in the Dental Laboratories Market. Companies such as Dentsply Sirona, Inc., Henry Schein, Inc., Shofu Dental GmbH are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Modern Dental Group Limited, Dentsply Sirona, Inc., Envista Holdings Corporation, Institut Straumann AG, Henry Schein, Inc., 3M Company, DentCare Dental Lab Pvt. Ltd., Shofu Dental GmbH, GC Corporation and A-dec, Inc.
By Product
By Equipment Type
By Geography
The dental laboratories market size is projected to reach USD 51.4 billion by 2027.
Growing awareness among patients are driving the market in coming years, however, require huge investment limited the growth of the market.
Modern Dental Group Limited, Dentsply Sirona, Inc., Envista Holdings Corporation, Institut Straumann AG, Henry Schein, Inc., 3M Company, DentCare Dental Lab Pvt. Ltd., Shofu Dental GmbH, GC Corporation and A-dec, Inc.
The COVID-19 pandemic has reduced the number of visits to the hospital and clinics for a dental health checkup, leading to a reducing the demand for dental laboratories. However, this is anticipated to be a temporary downfall, and the market is estimated to resume growth in the upcoming years.
Asia-Pacific is anticipated to register the maximum growth rate during the forecasting period, owing to the increasing dental tourism, growing awareness related to oral health, and reduced cost of dental laboratory work.
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