Global Dental Laboratories Market: Overview
The global market for dental laboratories is undergoing a widespread transformation. The rising prevalence of oral disorders, coupled with the growing awareness regarding oral care and hygiene, is driving this market substantially. In addition to this, the increase in cosmetic surgeries of teeth, fueled by the surging interest of consumers towards personality grooming, is expected to support this market considerably over the forecast period.
According to Transparency Market Research (TMR), the global market for dental laboratories stood at US$12.9 bn in 2014. Rising at a CAGR of 4.90% during the period from 2015 to 2023, the market is likely to reach US$20.2 bn by the end of 2023.
In this research report, the worldwide market for dental laboratories has been studied with a microscopic view in an attempts to provide a detailed market assessment on the basis of its past performance and its present status. The recent prominent trends and the lucrative growth opportunities within this market have also been examined thoroughly to identify its future status in this research study.
Global Dental Laboratories Market: Trends and Opportunities
The rise in the aesthetic consciousness of consumers across the world is having a significant influence on the global market for dental laboratories. The substantial rise in the disposable income of people has boosted their spending power, fueling their interest in facial beauty, especially in their dental care. This, as a result, is adding considerably to the worldwide dental laboratories market.
Global Dental Laboratories Market: Geographical Analysis
On the basis of geography, the global market for dental laboratories is spread across North America, Asia Pacific, Europe, and the Rest of the World. The U.S. and Canada are the key domestic markets for dental laboratories in North America. The Europe market for dental laboratories stretches across Italy, the U.K., France, Germany, Spain, and the Rest of Europe. Japan, China, and the Rest of Asia Pacific drives the Asia Pacific market while Latin America and the Middle East and Africa are the main regional markets in the Rest of the World.
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Europe has acquired the leading position in this market and is closely followed by North America. The increasing number of community-based oral health programs, conducted across Europe, which focus on delivering preventive treatments, increasing awareness, and improving patient education about various dental procedures and artificial products, has contributed significantly to the growth of the Europe market for dental laboratories. Researchers expect this regional market to remain on top over the next few years.
Asia Pacific, on the other hand, is expected to present attractive growth opportunities to market players in the years to come. The increasing trend of dental tourism and the substantial surge in the export demand for periodontics, orthodontic, bridges, crowns, and implants in emerging economies, such as India and China, are projected to propel the Asia Pacific dental laboratories market in the next few years.
Companies Mentioned in the Research Report
Sirona Dental Systems, Henry Schein Inc., Patterson Companies Inc., 3M Health Care, Keating Dental Arts, Modern Dental Laboratory Co. Ltd., Institut Straumann AG, Shofu Inc., National Dentex Corp., Danaher Corp., Yenadent Ltd. Sti., Dentcare Dental Lab, and Zimmer Biomet Holdings Inc. are some of the leading players in the global market for dental laboratories.