The global dental laboratories market is growing at an impressive rate; by 2024, it is expected to be valued US$ 58,616.6 million. According to projections, the industry is expected to grow further and reach an estimated US$ 99,300 million by 2034. This increase is ascribed to the dentistry subset’s increased aesthetic appeal as well as the creation of novel dental technology strategies.
The government’s efforts to pay dental treatment and the growing public awareness of oral health care are the main drivers of the business, which is predicted to grow at a compound annual growth rate (CAGR) of 5.4% between 2024 and 2034.
Due to their ability to produce orthodontic appliances, fabricate prosthetics, and perform dental restorations, dentistry laboratories play a vital role in the dental industry. It is anticipated that there would be a significant need for high-quality dental laboratory services as the need for dental services grows on a global scale as a result of factors like population growth, aging populations, and rising oral health awareness.
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Dental Laboratories Market- Competitive Landscape:
Given the extreme fragmentation of the dental laboratory sector, significant acquisitions and mergers involving joint ventures between private equity companies and sizable dental service providers are anticipated to spur market expansion.
It is anticipated that these acquisitions and mergers would lead to market consolidation, enabling large corporations to share in the gains from white space acquisitions.
For instance:
- Dentsply Sirona unveiled upgrades on its CEREC system in February 2021, which offers improved processes in terms of materials, the convenience of use, and performance.
- In September 2021, Planmeca Group announced plans to purchase the KaVo Treatment Unit & Instrument Company, bolstering its position as a leading provider of advanced dental solutions.
Key Market Players:
- Envista Holdings Corporation
- Dentsply Sirona
- A-dec Inc.
- Straumann AG
- Danaher Corporation
- Zimmer Biomet Holdings, Inc.
- Ultradent Products, Inc.
- GC Corporation
- Mitsui Chemicals, Inc.
- Planmeca OY
- Bego GmbH & Co. Kg
- Septodont Holding
- Ivoclar Vivadent AG
- Henry Schein, Inc.
- Champlain Dental Laboratory, Inc.
- Knight dental design
- National Dentex Corporation
- 3M Health Care
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Key Market Segments Covered In Dental Laboratories Industry Research
By Equipment:
- Dental Radiology Equipment
- Dental Lasers
- Systems & Parts
- Laboratory Machines
- Hygiene Maintenance Device
- Others
By Product:
- Restorative
- Orthodontic
- Endodontic
- Implant
- Oral Care
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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