The dental laboratories market provides dental restoration products and services for dental practices. Dental laboratories design and manufacture dental prosthetics such as dentures, crowns, bridges, orthodontic and dental implant appliances. The growing dental disorders and conditions are boosting demand for dental restoration services in the market. Advancements in digital imaging and 3D printing technologies have enabled dental labs to create highly customized and aesthetically precise dental products for patients.
The Global dental laboratories market is estimated to be valued at US$ 47.58 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the dental laboratories market are Envista Holdings Corporation, Dentsply Sirona, A-dec Inc., Straumann AG, Zimmer Biomet, GC Corporation, Ultradent Products Inc., Biohorizons Implants System, Inc., Biolase Technology, Inc. The major players are focusing on developing innovative dental restoration solutions leveraging digital technologies like CAD/CAM and 3D printing.
The widespread adoption of digital dental technologies and CAD/CAM systems among dental practitioners present key opportunities for dental labs to collaborate with dentists and improve productivity. Advancements like ceramic materials, polymer materials and laser sintering in 3D printing enable dental labs to precisely manufacture dental crowns, bridges and dentures with superior aesthetics.
Market drivers
Dental Laboratories Market Challenges and Opportunities arise as rising awareness about oral healthcare and public dental health campaigns increase demand for advanced dental treatments and volumes for dental labs. An ageing population and higher life expectancy also contribute to growth. Social media influences consumers’ preference for cosmetic and aesthetic dental treatments.
Challenges in Dental Laboratories Market
The dental laboratories market is facing various challenges which are restricting its growth. One of the major challenges is shortage of skilled dental technicians. Demand for dental technicians has been increasing continuously due to growing demand for dental services and products. However, availability of skilled dental technicians is limited. This mismatch is creating hindrance in timely delivery of dental services and products to patients. Another challenge is high equipment and material cost. Dental laboratories require high-end dental equipment and biomaterials for fabrication of dental restorations, dental prosthetics, and other products. The cost of these equipment and materials is quite high which increases the
operating cost for dental laboratories. This high operating cost further leads to increased treatment cost for patients. Regulatory requirements are also posing challenges. Dental laboratories have to adhere to stringent regulations regarding processing, storage and sterilization of dental materials and products. Complying with these regulations requires significant investments and resources. These regulatory challenges are restricting expansion of small and medium sized dental laboratories.
SWOT Analysis
Strength: Growing geriatric population and increasing cases of tooth decay and gum diseases creates constant demand for dental restoration and rehabilitation services.
Weakness: Shortage of skilled dental technicians and professionals.
Opportunity: Emergence of CAD/CAM technology has opened new expansion opportunities by increasing productivity and reducing errors.
Threats: Stiff competition from insurance companies and discount dental plans which forces laboratories to reduce profit margins.
Geographical Regions
North America region currently accounts for the largest share in the global dental laboratories market in terms of value. This is attributed to factors like presence of large number of dental laboratories, growing geriatric population requiring dental care, availability of advanced dental technologies, and favorable reimbursement policies. Asia Pacific region is expected to witness the fastest growth during the forecast period owing to rapidly growing middle class population, increasing medical tourism, and rising healthcare expenditure in major countries like China and India.
Fastest Growing Region
Asia Pacific region is projected to be the fastest growing region for dental laboratories market during the forecast period from 2024 to 2031. Growing medical tourism industry along with rising dental tourism in countries like India, Thailand, Malaysia and Indonesia is widening service opportunities for dental laboratories in the region. Rapid economic development, rising disposable income, growing health awareness, expanding middle class population and evolving healthcare infrastructure are some of the key factors fueling the growth of dental services industry in Asia Pacific. This in turn is generating high demand for dental restorations, implants, crowns and bridges, driving the growth of dental laboratories market in Asia Pacific region.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile