A rise in the demand for cosmetic dental procedures coupled with expanding pool of geriatric population is expected to propel growth of the global dental laboratories market. In accordance to an article by the United Nations, nearly 13 % of the total population of the world is likely to fall under the category of elderly people. The article also mentioned that the elderly population will increase by 3 % every year. Such rise in the number of elderly population is estimated to boost the global dental laboratories market over the period of review, from 2015 to 2023.
Elderly people are often faced with poor cognitive health, which makes management of self-care, medication, and medical conditions difficult for them. This is likely to lead to the growth of the global dental laboratories market in the years to come.
The leading companies that have been profiled in the global dental laboratories market are Dentcare Dental Lab, Modern Dental Laboratory Co., Ltd, Sirona Dental Systems, National Dentex Corporation, Keating Dental Arts, and Institut Straumann AG.
The global dental laboratories market is likely to rise at a robust CAGR over the tenure of assessment, from 2015 to 2023.
High Prevalence of Dental Diseases to Bolster its Demand in the Market
Dental caries is considered one of the most widely prevailing chronic disease across the globe and it needs treatment. High prevalence of dental diseases is likely to drive the global dental laboratories market. Dental caries is multifactorial condition, which attacks countless people across the globe. The treatments for diseases such as this are done at dental clinics where devices and instruments available for the treatment of such diseases. Dental labs have licensed doctors who are capable of making dental prostheses such as dental restorations, orthodontic appliances, crowns, bridges, and fixed or removable dentures. These processes help in the treatment of patients suffering from teeth-related problems. Of late, efforts are made to develop biomolecular coatings to derive good osseointegration results.
An increased prevalence of various dental disorders such as tooth decay, periodontal diseases, and edentulism are estimated to support growth of the global dental laboratories market in years to come. Consumption of tobacco, poor eating habits, improper dental care, old age, and birth defects leads to various dental disorders. Increasing incidences of dental disorders are calling for treatments like tooth clean-ups, root-canal treatments, and dental prosthetic procedures. Procedures such as these are performed in dental laboratories or dental clinics. This factor is likely to widen the scope of growth for the global dental laboratories market in the years to come.
The global dental laboratories market is also driven by technological progress made in dental laboratory. Use of hydroxyapatite coatings and bone morphogenic proteins as implant materials leads to painless procedures, faster recovery, and diminished chair time.
In addition to that, introduction of advanced imaging techniques like Computer Aided Manufacturing (CAM) and Computer Aided Design (CAD) has further helped in the handling and planning of complex procedures. 3D imaging of dental implants like bridges, crowns, and implants results in better and clearer diagnosis of patients.
Growing Popularity of Dental Tourism Drives Asia Pacific Market
In the global dental laboratories market, Europe is estimated to account for a large chunk of the market. The Asia Pacific region is likely to observe a very high rate of growth over the period of review, from 2015 to 2023. The growth of Asia Pacific is expected to be driven by the growth of the ageing population who are suffering from some form of dental disease or the other.
In addition, countries like Thailand, India have emerged as a popular spot for dental tourism, which is likely to support growth of the dental laboratories market in Asia Pacific over the period of review. Rise in the number of dental laboratories together with increased outsourcing of different manufacturing services in the Asia Pacific is expected to widen scope growth for the regional market.
Oral health is essential to one’s quality of life and the focus on oral hygiene has increased of late owing to the growing prevalence of oral diseases and conditions, such as cavities, periodontal disease, oral cancer, oral bacterial, fungal, or viral infections, and oro-dental trauma. As indicated by the World Health Organization, public health solutions for oral diseases need to work in tandem with national public health programs to be most effective. As a result, countries around the world are focusing on setting up dental laboratories to offer quality treatment and solutions. Dental laboratories are focused on the manufacture of various dental prostheses to support the protection and/or straightening of teeth. The different dental prostheses include dentures, veneers, crowns, and other orthodontic appliances.
The global market for dental laboratories offers a comprehensive overview of the many trends that define its performance worldwide. It presents an analytical assessment of the factors driving the growth of the dental laboratories market and those acting as impediments in its trajectory. The current and projected growth of the various regional segments has been presented in the report with the help of various qualitative as well a quantitative tools.
Global Dental Laboratories Market: Drivers and Restraints
The worldwide market for dental laboratories is set to expand at a moderate yet steady pace during the forecast period, amounting to an estimated US$20 bn by 2023. This can be attributed to a host of factors, such as growing awareness about oral health, the rise in dental procedures to restore or replace teeth, an upsurge in the incidence of dental deformations, and increasing demand for cosmetic dentistry. The advent of technologically advanced techniques such as computer aided manufacturing and computer aided design have supported the global market. There is major untapped potential in the dental laboratories market and the ongoing trend of automation and digitalization is sure to have a positive impact on its growth. On the down side, however, the market is likely to be hampered by the dearth of skilled technicians, limited affordability of patients in several developing countries, and subpar healthcare infrastructure in many regions.
Global Dental Laboratories Market: Regional Outlook
By way of geography, the global dental laboratories market can be fragmented into North America, Asia Pacific, Europe, and Rest of the World. Europe and North America both account for a major share in the dental laboratories market and are expected to hold on to their lead position in the years to come as well. The number of oral healthcare centers and initiatives have been on the rise in these regions owing to growing awareness among the people regarding oral hygiene, greater education regarding the various advanced dental procedures presently available, the availability of well-equipped dental laboratories, and increased focus on providing patients quality treatment.
Asia Pacific is also expected to register strong growth through 2024, presenting a host of lucrative opportunities for players in the dental laboratories market. This can be attributed to the growth of dental tourism in a number of APAC countries and the resulting demand for dental equipment and consumables. In addition to this, the Asia Pacific dental laboratories market is fueled by improving awareness about oral health, rising disposable income of the consumers, and improving healthcare infrastructure.
Companies mentioned in the report
Patterson Companies Inc., Modern Dental Laboratory Co. Ltd., Sirona Dental Systems, Shofu Inc., 3M Health Care, Danaher Corp., Zimmer Biomet Holdings Inc., National Dentex Corp., Yenadent Ltd. Sti., Institut Straumann AG, Dentcare Dental Lab, Henry Schein Inc., and Keating Dental Arts are few of the leading players in the dental laboratories market. These players are looking to gain a larger share in the global market by focusing on product innovation, greater precision, and better patient services. With dental procedures and laboratories evolving at a rapid pace in most developed countries, companies have to step up their game in order to counter the intense competition.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments