Forecast studies conducted by IndustryARC (Analytics. Research. Consulting), SPER Market Research, Grand View Research, and Precedence Research focus on the market from the period 2021-2027.  ​WHAT ARE DENTAL LABORATORIES?Dental labs are facilities where dental technicians fabricate custom dental restorations. While labs can vary in size, many have similar equipment and carry out similar processes. Some are more digitally equipped than others, however. Many now have CAD/CAM software to enable digital design and creation, while others still conventionally build up restorations by hand. The industry is composed of technicians that manufacture restorative appliances, such as dentures, crowns, bridges, and orthodontic products. The appliances are prescribed by licensed dentists, and then brought to life by the lab. Each appliance is customized and individualized for the specific case and patient. Most restorative devices are fabricated using ceramics, porcelain, and metal. ​DENTAL LAB PRODUCTS AND SERVICES:
 DENTAL LAB WORKFLOWFirst, dentists take impressions of the patients’ mouths–either traditionally with an alginate putty-like substance or a digital intraoral scanner. Bite impressions or digital scans are then sent over to the lab via mail or digital portal where a technician will assess the impressions. Typically, a physical model is created from the impressions to get a better visual. Dental labs equipped with CAD/CAM can virtually design the restoration before the fabrication process even begins. Then, the prostheses are either milled, 3d printed, or handcrafted before being sent back to the dentist office for fittings. ​FORECAST OVERVIEW FOR THE GLOBAL DENTAL LAB MARKETThe global market for dental laboratories covers market size, value, and compound annual growth rate for the forecast period of 2021-2030. In 2021, it was reported that the market size was valued at around $30 billion USD, according to Grand View Research and Precedence Research. The estimated registered compound annual growth rate varies between research groups, ranging from 5.4% (Grand View Research) to 7.72% (Precedence Research) during the forecast period. By 2030, the market value is estimated to reach around $57 billion ( SPER Market Research, Precedence Research).  ​MAJOR Dental Laboratory INDUSTRY SEGMENTS:The global dental laboratories market is segmented by product, prosthetics, equipment type, material, and region. Product Insights:
Reports showed that in 2021, the oral care segment dominated the market, but was closely followed by the restorative segment in terms of revenue share. Oral care accounted for 25% of the market, owing to increased awareness regarding oral hygiene and the growing adoption of dentures. Fueling the restorative market growth is mainly advancements in technology. For instance, in areas such as CAD/CAM (computer-aided design and manufacturing), digital radiography, intraoral imaging, and caries detection. Prosthetics Insight:
With around 42% of the market, crowns accounted for the largest share in 2021, followed by bridges. Due to the increasing edentulous and geriatric populations, the demand for crowns has heightened drastically. Equipment Type Insights:
Dominating the equipment segment in 2021 was systems and parts, accounting for over 40% of the market. This type of supporting equipment consists of milling equipment, scanners, furnaces, and articulators. According to Grand Review, milling equipment had a share of 45.5% in 2021. Additionally, the laser segment is predicted to register the fastest CAGR during the forecast period at 8.1%. Because dental lasers have a wide range of applications in diagnostic and surgical procedures, increased use of CAD/CAM systems, laser welding, and laser sintering is expected to augment segment growth.  Materials Insights:
In 2021, the highest market share belonged to the metal ceramics segment. Metal ceramics covered approximately 46%, most likely owing to its superior biocompatibility compared to other restorative materials. Moreover, this material is highly sought-after due to its strength, durability, and resistance to fracture. Regional Insights:
Due to its well-established healthcare infrastructure, high healthcare expenditure, and high awareness regarding oral health, North America held a revenue share of over 35.0% in 2021. With 30.2%, The Asia Pacific region was the second-most dominated region in 2021. Fueled by the increasing geriatric population, disposable income, and awareness, The Asia Pacific market is predicted to have the highest CAGR for the forecast period as well. Also, the European market is forecasted to experience major growth in the upcoming years, too. Europe has a growing number of oral health programs that focus on increasing awareness, delivering preventive treatments, and enhancing patient education related to oral care.  Growth Factors for Dental LabsThere are many factors that contribute to the massive market of dental laboratories, including increases in initiatives to improve oral health, technological advancements, dental practitioners, rise in oral disorders, disposable income, cosmetic dentistry, and growth in geriatric populations. Oral Healthcare Investments Organizations all over the world are investing in efforts to increase awareness in regard to oral healthcare. In many of the more developed countries, such as the United States, their government has been actively increasing awareness. Programs such as the American Dental Association (ADA) promote oral health care and oral disease prevention, leading people to be more inclined to take care of their teeth than they were before. Collaborating with key market players to raise awareness of dental products, potential diseases, and damages, the American government has progressively been launching pro-dental care campaigns. They have also been pushing towards reimbursements for dental treatment reimbursements and federal funding for Medicare and Medicaid. Additionally, organizations, like The World Health Organization (WHO) and many members of the United Nations (UN) are increasingly establishing political declarations that support healthcare infrastructure. Rising investments of the top market players in the research and development of advanced orthodontics products and equipment are resulting in more and more product approvals for dentistry. Technological Advancements One of the results of the rising expenditure is significant developments in medical technology. Investments in digital equipment and strict regulations for consumer safety are major drivers for the dental lab market. Breakthroughs in medical imaging, CAD/CAM systems, and manufacturing devices have enabled dental professionals to achieve better solutions through efficient devices that require less time to operate and perform, resulting in improved quality of treatment. Three-dimensional (3D) scanners, virtual imaging, the Internet of Things (IoT), wireless connectivity, and artificial intelligence (AI) in manufacturing tools and diagnostic devices are used to visualize, customize, and communicate treatment plans designed to achieve predictable outcomes. Overall, many of the technological advancements have reduced chair time and promoted predictable results with faster healing time, through painless procedures.  Increase in Dentists Additionally, increased expenditures in the market has also led to a growth in the number of dental practitioners. In America, for example, nearly 201,927 registered dentists were practicing in 2021, according to the ADA. Dental clinics and orthodontists worldwide are working to expand dental tourism, providing diagnosis and treatment for oral diseases. Expanding Dental Disorders Moreover, despite the endeavors of the ADA and other promotional groups, dental hygiene and disease prevention are not typically considered to be healthcare concerns. Globally, poor oral health is still on the rise, and the increase in dental disorders is one of the many fueling factors augmenting the surging dental lab market. According to the WHO, it is estimated that oral diseases affected nearly 3.5 billion of the worldwide population in 2020 with 10% enduring severe gum disorders that can lead to tooth loss. Diseases such as dental caries, oro-dental trauma, oral cancer, and gum disease, among others, pose a major health burden all over the world. The primary causes are ignorance of oral issues and increased sugar consumption. With this, the demand for dental imaging has increased to address the rising number of tooth decay cases.  Per capita disposable income Furthermore, the rise of disposable income per capita is a significant driver of unhealthy lifestyles and cosmetic procedures. The millennial generation’s unhealthy lifestyle has drastically influenced the sugar consumption rate worldwide. One of the most prominent causes of dental cavities is high sugar intake. The growth in sedentary lifestyles and rising expenditure has led to high consumption of confectionery items. Packaged foods and desserts are becoming increasingly popular because of the steady growth of disposable income. Highly processed and sugary foods are linked to an increase in staining, cavities, decay, and tooth loss. Another item that is highly consumed is tobacco, which owes to teeth staining and poor hygiene. Especially in underdeveloped countries, tobacco users are more prone to dental disease. On the other hand, there is an increasing number of surgeries and treatments to address physical deformities, promoting orthodontics and oral maxillo-facial corrections. Increasing incidences of malpositioned teeth, malocclusion, musculoskeletal disorders, and complete edentulism greatly impact the demand for orthodontic treatments. Underbite and overbite due to crooked teeth are one of the most common facial distortions globally. The increasing adoption of dental braces paired with the rapidly growing penetration of clear or invisible aligners is a key player in shifting the focus toward cosmetic dentistry. Many celebrities and social media influencers are partly responsible for the growing emphasis on dental aesthetics. The American Academy of Cosmetic Dentistry reports that 99.7% of people believe the smile is a vital social asset, which is driving up demand for operations like implants, crowns, bonding, bridges, orthodontic therapy, inlays, on-lays, and veneers. On a related note, global incidences of road traffic accidents are increasingly being reported. Especially in developing and underdeveloped markets, there is a significant growth of accidents affecting the mouth and oral structures. The World Health Organization reported that approximately 93% of road traffic accidents occur in low and middle-income countries. In turn, cosmetic demand has increased to address these accident-caused deformities. Growth in Geriatric Populations Worldwide, the number of adults aged 65 and older is escalating rapidly. According to World Population Aging and the UN, there were nearly 727 million people aged 65 or over in 2020, globally, and the number of aged people is anticipated to double to 1.5 billion by 2050. This is anticipated to propel the growth of the market in the coming years. Because elderly people are more susceptible to dental disorders, the increasing population plays a crucial role in the demand. For dental laboratories. Edentulism is a major oral health concern among the elderly. The Who reported in 2020 that 19% of individuals between 65 and 74 years, globally, were edentulous.  ​CHALLENGES DENTAL LABSWhile CAD/CAM systems have positively impacted the dental market, their high cost and heavy maintenance have become hindrances to some laboratories. Many dentists and labs suffer from a lack of financial resources, preventing them from being able to advance as quickly as others. Especially, in poor countries, practitioners prefer not to install such high-priced equipment. KEY COMPANIES OF THE MARKETSome prominent players in the global dental laboratories market include:
 Expectations for the dental lab market's futureThe dental laboratory industry is constantly evolving and changing. A major trend is seeing the industry more towards digitalization, with more implementation of computers and other machines. As technology becomes more affordable, the industry is likely to see more digital adaptations. Secondly, the industry is moving more towards outsourcing. More and more offices are choosing to send their work to larger laboratories that work with higher volumes. Dental Lab Near MeLooking for local dental labs that specialize in dental and denture services? The Dental Lab is a leading denture dental lab in the United States. We deliver all over the nation with our fast and reliable shipping services, making us a dental laboratory near you--no matter where you are. Contact us today to get started. Sources: Dental Laboratories Market size is estimated to reach $32.8 billion by 2027 - IndustryARC Global Dental Laboratories Market is projected to be worth USD 56.63 billion by 2030 Global Dental Laboratory Market Report By Market.Us Predicts 4.9% CAGR Dental Laboratories Market Size, Share & Trends Analysis Report Dental Laboratories Market Keywords:
Dental lab, dental laboratories, healthcare, The Dental Lab, Bridges, Crowns, Veneers, Dentures, Clear Aligners, CAD/CAM, dental labs
0 Comments
Leave a Reply. |
