The rising technological advancements across the dental sector are increasing the growth prospects of the dental laboratories market to a great extent.
The rising technological advancements across the dental sector are increasing the growth prospects of the dental laboratories market to a great extent. The expanding demand for dental procedures and the growing geriatric population will serve as a prominent growth indicator for the dental laboratories market during the forecast period of 2020-2030.
Digital radiography, caries diagnosis, CAD/CAM implant dentistry, intraoral imaging, and others are some technologies that have made advancements across dental laboratories. The prostheses related to teeth-related issues have experienced a turnaround over the years. Thus, based on all these aspects, the growth of the dental laboratories market is expected to experience an upward trajectory.
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Dental laboratories are used for manufacturing and designing of products such as caps, crowns, bridges, veneers, and others to straighten and protect the teeth from harm. It exactly copies all the functional and esthetic parameters of the teeth. Thus, these factors bode well for the growth of the dental laboratories market.
The rising prevalence of dental diseases and the growing geriatric population will serve as prominent factors that will shape the growth of the dental laboratories market between 2020 and 2030. According to the statistics from the FDI World Dental Federation, nearly 2.3 Bn people suffer from dental caries or tooth decay. Furthermore, oral diseases affect more than 3.4 Bn people around the world. Thus, these statistics shed light on the rising need to control these diseases. Based on these aspects, the dental laboratories market will observe promising growth.
On the basis of product, the dental laboratories market can be segmented into orthodontic, restorative, implant, oral care, and endodontic. The equipment used in dental laboratories is hygiene maintenance devices, dental radiology equipment, systems and parts, and others.
Dental Laboratories Market: Competitive Insights
The dental laboratories market has numerous players vying to capture a large consumer base. The players are involved in new product launches and focus on research and development activities for increasing their consumer base.
Mergers and acquisitions also form an important part of the growth trajectory of the dental laboratories market. The players indulge in these activities for strengthening their influence across the dental laboratories market. For instance, Keystone Dental Inc., one of the largest dental implant companies in the world recently announced the acquisition of Osteon Medical, a digital solutions provider for dental laboratories and clinicians. Such developments add value to the growth trajectory of the dental laboratories market.
Some well-entrenched players in the dental laboratories market are Champlain Dental Laboratory, Inc., Straumann AG, National Dentex Corporation, Dental Services Group, Henry Schein, Inc., and 3M Health Care.
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Dental Laboratories Market: Key Trends
CAD/CAM Technology to Gather Momentum
The use of CAD/CAM technology was limited to the manufacturing sector before some years. As the years passed, CAD/CAM is also emerging as a popular option for producing onlays, veneers, inlays, milled ceramic crowns, and bridges as it helps save a lot of time.
The influence of digitalization has increased extensively across the dental laboratories market. A decade ago, not much of the dental laboratories implied digitalization. Due to the rising advancements, digital workflows have observed consistent developments. Thus, all these factors churn promising growth for the dental laboratories market.
Dental Laboratories Market: Regional Aspects
North America’s dental laboratories market is estimated to observe a dominating streak during the forecast period of 2020-2030. A well-established healthcare infrastructure and growing awareness about oral health presents a plethora of growth opportunities.
Asia Pacific is also estimated to gain good growth opportunities for the dental laboratories market due to the rising disposable income of the individuals and the presence of a large geriatric population.
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