PUBLISHER: 360iResearch | PRODUCT CODE: 1499457
PUBLISHER: 360iResearch | PRODUCT CODE: 1499457
[189 Pages Report] The Dental Laboratories Market size was estimated at USD 34.73 billion in 2023 and expected to reach USD 36.87 billion in 2024, at a CAGR 6.46% to reach USD 53.83 billion by 2030.
Dental laboratories are specialized facilities where dental products such as crowns, bridges, dentures, and other dental prosthetics are crafted. These labs play a crucial role in the dental care industry by working closely with dentists to customize dental appliances to individual patient needs based on detailed prescriptions and molds. The growing prevalence of dental disorders especially among the aging population is expanding the need for dental laboratories. Additionally, continuous technological advancements in dental products and fabrication techniques are driving the growth of the dental laboratories market. The high cost of dental products and equipment and the limited skilled technicians who can work precisely with complex materials and technologies limit dental lab capabilities and efficiency, hampering the market growth. Rising investments in automation and computer-aided design/computer-aided manufacturing (CAD/CAM) systems which help reduce labor costs and improve production efficiency and accuracy are expected to create opportunities for market growth. The increasing demand for cosmetic dentistry and customizable dental products is anticipated to provide a significant boost to the dental laboratory market. Moreover, innovations such as 3D printing and biocompatible materials open new opportunities for more efficient production and potential growth in eco-friendly and technologically advanced dental solutions. As awareness and affordability increase, the global outreach of dental laboratories is set to expand, creating a broader market and more access to dental care solutions.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 34.73 billion |
Estimated Year [2024] | USD 36.87 billion |
Forecast Year [2030] | USD 53.83 billion |
CAGR (%) | 6.46% |
Regional Insights
In the Americas, the dental laboratories market is continuously expanding due to advanced healthcare infrastructure, a strong emphasis on aesthetic dentistry, and a high incidence of dental disorders linked to lifestyle diseases such as diabetes and cardiovascular issues. Furthermore, the region sees a substantial adoption of digital technologies in dental practices, including digital imaging and CAD/CAM systems, which streamline the operations of dental laboratories. The Asia-Pacific region is witnessing rapid growth in the dental laboratories market, largely fuelled by increasing healthcare expenditure, rising awareness about dental health, and growing middle-class populations in countries including, China and India. These factors and aging populations, particularly in Japan and South Korea, contribute to an increasing demand for dental prosthetics and restorations. Advanced economies such as Japan, South Korea, and Australia are at the forefront of integrating digital technologies, whereas emerging economies are progressively catching up, driven by economic growth and gradual enhancements in healthcare infrastructure. Europe represents a growing landscape for the global dental laboratories market, characterized by high healthcare standards, stringent regulatory policies for medical devices, and widespread technological adoption. The demand in European countries is supported by an aging population, a high focus on cosmetic dentistry, and favorable healthcare policies. The Middle East and Africa are emerging regions with potential for growth driven primarily by urbanization, increased medical tourism, particularly in the Gulf Cooperation Council (GCC) countries, and efforts to enhance healthcare facilities.
Market Insights
The market dynamics represent an ever-changing landscape of the Dental Laboratories Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Dental Laboratories Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Dental Laboratories Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
3D Systems Launches Multi-material Denture Solution an Innovative Advancement in Dental Technology
3D Systems unveiled a first-to-market solution for jetted, monolithic (one-piece) dentures that utilizes multiple materials to deliver a durable, long-wear, aesthetically beautiful prosthetic to the patient. This new development aims to revolutionize denture manufacturing by enabling the simultaneous printing of rigid and soft materials in a single production step. Such an innovation enhances the efficiency of the denture creation process and significantly improves the overall fit, comfort, and aesthetics of the final product. [Published On: 2024-02-21]
EMZ Partners Acquires Majority Stake in Dental Technology Innovator imes-icore GmbH
EMZ Partners acquired a majority share in imes-icore GmbH, a major company in the production of dental milling and grinding machines. This strategic move by EMZ Partners emphasizes their commitment to advancing technological innovation in the dental industry. This acquisition aims to enhance imes-icore GmbH's market presence and enable them to leverage EMZ Partners' resources to further their technological developments. [Published On: 2023-11-13]
Enhancing Dental Care Through Expanded Digital Workflow Integrations by Dentsply Sirona and 3Shape
Dentsply Sirona and 3Shape announced the expansion of their workflow integrations to create a more streamlined and efficient experience for dental professionals. This collaboration aims to enhance the scope of digital dental practice by integrating 3Shape's CAD software with Dentsply Sirona's imaging systems and milling machines. This advancement allows dental professionals to operate with greater flexibility and precision, offering patients improved diagnostic capabilities and more tailored treatment options. [Published On: 2023-09-21]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Dental Laboratories Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Dental Laboratories Market, highlighting leading vendors and their innovative profiles. These include 3D Systems, Inc., 3M Company, A-dec Inc., Amann Girrbach AG, BEGO Company Group, COLTENE Group, Dental Wings Inc., DENTSPLY SIRONA Inc., Envista Holdings Corporation, Formlabs Inc., GC Corporation, Institut Straumann AG, Ivoclar Vivadent AG, Kuraray Co., Ltd., Mitsui Chemicals, Inc., Osstem Implant Co., Ltd., Planmeca OY, Roland DG Corporation, Shofu Inc., and Straumann Group.
Market Segmentation & Coverage