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.
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 laboratory 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 laboratory 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
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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By equipment, the milling equipment segment is expected to hold the largest share of the market during the forecast period
Based on equipment, the global dental laboratories market is segmented into milling equipment, scanners, furnaces, and articulators. In 2016, the milling equipment segment accounted for the largest share of the dental laboratories market, this trend is also expected to continue during the forecast period. The growth of this segment can be attributed the increasing use of milling equipment in dental restoration to obtain high precision and accuracy, increasing use of digital manufacturing processes in dentistry, and the increasing demand for fabricating or customizing restoration models in a cost-effective manner.
Years considered for this report:
# 2016 – Base Year
# 2017 – Estimated Year
# 2022 – Projected Year
Europe dominated the market in 2016
Europe accounted for the largest share of the dental laboratories devices market in 2016, followed by North America. The rising geriatric population, increasing dental tourism, growth in the number of dental laboratories, growing government expenditure on oral healthcare across Europe, and presence of higher reimbursement rates for dental procedures in Europe as compared to other regions are the key factors driving the growth of the dental laboratories market in Europe.
Target Audience:
# Dental product manufacturers & distributors
# Dental equipment manufacturers & distributors
# Dental laboratories
# Government associations and dental practitioners
# Market research and consulting firms
# Venture capitalists and investors
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Players in the global dental laboratories market, such as DENTSPLY SIRONA Inc. (US), Planmeca Oy (Finland), Ivoclar Vivadent AG (Liechtenstein), VOCO GmbH (Germany), Danaher Corporation (US) are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies.
Zimmer Biomet Holdings, Inc. (US), Mitsui Chemicals, Inc. (Japan), Septodont Holding (France) are players focusing on organic growth strategies like product launches to enhance their market presence.
