The rapid growth in the geriatric population and the associated increase in the prevalence of edentulism, growing dental tourism in emerging markets, rising incidence of dental caries and other periodontal diseases, and the increased outsourcing of certain manufacturing functions to dental laboratories.
The dental laboratories market is expected to reach USD 43.08 Billion by 2022 from an estimated USD 32.56 Billion in 2017, at a CAGR of 5.8% during the forecast period.
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Years considered for this report
# 2016 – Base Year
# 2017 – Estimated Year
# 2022 – Projected Year
Objectives of the Study
- To define, describe, and forecast the global dental laboratories devices market by material, equipment, prosthetic type, and region.
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market players
- To forecast the size of the dental laboratories market, in five main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa
- To profile key players in the global dental laboratories market and comprehensively analyze their core competencies and market shares
- To track and analyze competitive developments such as research and development activities; joint ventures, alliances, mergers and acquisitions; new product/technology developments; and agreements, partnerships, and other developments of key players in the market
Geographically, the global dental laboratories market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa. Europe holds the largest share of this market. However, the APAC region is expected to witness the highest CAGR during the forecast period of 2017 to 2022.
The growth of this segment can be attributed to the rising geriatric population, growing dental tourism, increase in the number of dental laboratories, and increasing outsourcing of various manufacturing services to the region are driving the growth of dental laboratories in APAC. However, the high cost of the dental equipment and materials is expected to hinder the growth of this market to a certain extent.
The global dental laboratories market is characterized by a large number of players. The prominent players in this market are DENTSPLY SIRONA Inc. (U.S.), Danaher Corporation (U.S.), 3M Company (U.S.), Ivoclar Vivadent AG (Liechtenstein), GC Corporation (Japan), Planmeca Group (Finland), VITA Zahnfabrik H. Rauter GmbH & Co. KG (Germany), Shofu Inc. (Japan), BEGO GmbH & Co. KG (Germany), VOCO GmbH (Germany), Ultradent Products, Inc. (U.S.), Septodont Holding (France), Planmeca Oy (Finland), and Kuraray Noritake Dental Inc. (Japan).
These companies are pursuing several organic and inorganic growth strategies such as mergers, acquisitions, partnerships, agreements, expansions, and product launches to maintain their position in the market.
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