Dental Laboratories Market Overview
Dental Laboratories Market size is $33.54Bn in 2019, growing at a CAGR of 5.2% during the forecast period 2020-2025. Dental laboratories are a mixture of art, science, and technology required for designing and manufacturing of products such as crowns, bridges, caps, veneers, and other orthodontic splints and appliances essential to protect and straighten teeth. The primary role of a dental laboratory in restorative dentistry is to exact copying all of the esthetic and functional parameters of the tooth, which is defined by the licensed dentist into a restorative solution. Dental labs involves licensed dentists who can produce dental prostheses such as removable or fixed dentures, bridges, crowns, orthodontic appliances, dental restorations and many other components that helps in treating patients teeth related issues. The increasing popularity of cosmetic dentistry resulting from the rising prevalence of dental diseases which is leading to edentulism, and the growing awareness about oral health is driving the growth of the dental laboratories market.
The increasing number of dental procedures, rise in the aging population, growing incidences of dental deformations is likely to be the major driving factor for the market’s growth.
The increasing prevalence of dental diseases and ongoing awareness programs to maintain oral health is set to propel the growth of the market.
North America region is estimated to record the fastest growth rate during the forecast period 2020-2025.
Dental Laboratories Market Segment Analysis – By Product Type
In 2019, Orthodontics Appliances segment dominated the Dental Laboratories Market in terms of revenue is estimated to grow at a CAGR of 6.3% owing towards a healthier mouth, a more pleasing appearance and teeth that are more likely to last a lifetime. Orthodontics is a dental specialty that uses braces, and other dental devices to treat misalignment of teeth. An orthodontic appliance is simply a dental device that is fabricated specifically for treatment of a dental condition. It helps in the correction of teeth and jaws that are positioned improperly. The different types of appliances, both fixed and removable, are used to help move teeth, retrain muscles and affect the growth of the jaws. These appliances work by placing gentle pressure on the teeth and jaws abetting towards the growth of the market.
Dental Laboratories Market Segment Analysis – By Geography
In 2019, the Europe region dominated Dental Laboratories Market in terms of revenue with a market share of more than 34% owing towards number of community-based oral health programs being conducted across the European Union that focus on delivery of preventive treatment, increasing awareness, and enhance patient education. Also, the rapidly increasing trend of dental tourism and increase in the number of laboratories established in last five years aids to the market’s growth. Government has taken initiatives to promote technological advancements in this region are key factors in the growth of the Dental Laboratories market. North America is estimated to record the fastest growth rate during the forecast period 2020-2025.
Dental Laboratories Market Drivers
Increasing Awareness Among People
The increasing awareness about oral healthcare with the government efforts are leading to recover dental problems by providing reimbursement schemes for a dental treatment is the prime growth drivers of dental laboratories market. The rising number of technologically advanced dental implants and their solutions used for restorative dentistry is also driving the market’s growth. According to the World Health Organization, the Global Burden of Disease Study 2017 estimated that oral diseases affected 3.5Bn people with dental caries (tooth decay) in permanent teeth being the most prevalent condition assessed.
Dental Laboratories Market Segment Analysis Challenges
High Capital Investments
The high capital investments for equipment and strict regulations for the consumer safety are restraining the growth of the market. The lack of proficient organization for Dental Laboratories system and growing stringent government policy and regulation toward market growth is restraining growth of the market. Also, lack of proper reimbursement, high operational cost, intense competition and limited geographical reach are the key restraints for dental laboratories market.
Dental Laboratories Industry Outlook
Product Launches was the key strategy of the players in the Dental Laboratories Industry. Dental Laboratories top 10 companies include Keating Dental Arts, Modern Dental Laboratory Co., Ltd., National Dentex Corporation, 3M Health Care, Danaher Corporation, Dentcare Dental Lab, Henry Schein, Inc., Institut Straumann AG, Patterson Companies, Inc. and Shofu, Inc.
In October 2019, 3M Health Care acquired Acelity, Inc. and its KCI subsidiaries worldwide from a consortium comprised of funds. This acquisition helped company by driving its growth across multiple categories and in reaching more consumers.
In July 2018, National Dentex Corporation entered into partnership with Silicon Valley-based digital 3D Manufacturing company Carbon into a multi-year agreement to help NDX’s labs across the country add technology through Carbon’s complete dental solution.