Dental labs fabricate custom dental prosthetics such as crowns, bridges, and dentures. These labs utilize advanced technologies and skilled technicians to ensure the precision and quality of dental restorations, contributing to optimal patient outcomes. The collaboration between dental labs and clinicians is essential for providing patients with accurate, comfortable, and aesthetically pleasing dental solutions. The dental labs support innovation by adapting to evolving materials and techniques, ultimately enhancing the overall effectiveness of dental treatments.
According to Data Bridge Market Research analyses the Global Dental Lab Market will grow at a CAGR of 12.4% during the forecast period of 2022 to 2029.
"Rise in research and development boosts the market growth"
The rise in research and development activity within the dental implants industry has spurred significant innovation, leading to a surge in local and regional players developing similar products at a lower cost. This influx of competition, due to pricing pressure, has reshaped the core dynamics of the global dental lab market. The heightened focus on cost-effective solutions and increased product diversity is a key driver, fostering a more dynamic and competitive landscape in the industry.
What restraints the growth of the global dental lab market?
“High cost of dental equipment and materials hampers the market growth”
The high cost of dental equipment and materials serves as a significant restraint in the global dental lab market. This financial barrier limits the accessibility of advanced technologies and quality materials for dental laboratories, hindering smaller establishments from investing in state-of-the-art equipment. The elevated initial capital requirements also pose challenges for market entry and expansion, impacting the overall growth potential of the dental lab industry.
Segmentation: Global Dental Lab Market
The global dental lab market is segmented on the basis of products.
- On the basis of products, the global dental lab market is segmented into general and diagnostic devices, treatment-based devices, and others
Regional Insights: North America is expected to dominate the global dental lab market
North America is expected to dominate the dental market, driven by a surge in cases of periodontal disorders and the increasing trend of medical tourism for dental treatments across the global region. The region's proactive approach to oral health, coupled with a higher prevalence of periodontal issues, positions it at the forefront of market leadership.
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Recent Developments in Global Dental Lab Market
- In November, Young Innovations, Inc. successfully completed the acquisition of Preat Corporation, headquartered in Santa Maria, California. This strategic move positioned Preat as a prominent supplier of dental implant components, attachments, and tools. The acquisition not only broadened Young Innovations' dental implant prosthetic product portfolio but also led to a substantial increase in revenue, underscoring the company's commitment to enhancing its market presence and meeting the evolving needs of the dental industry
The Prominent Key Players Operating in the Global Dental Lab Market Include:
- Ultradent Products Inc. (U.S.)
- Young Innovations, Inc. (U.S.)
- Adec Inc. (U.S.)
- BioHorizons (U.S.)
- Dentatus (Sweden)
- Carestream Health (U.S.)
- Roland DGA Corporation (U.S.)
- 3Shape A/S (Denmark)
- Formlabs (U.S.)
- PLANMECA OY (Finland)
- Septodont (France)
- VOCO GmbH (Germany)
- 3M (U.S.)
- Henry Schein, Inc. (U.S.)
- GC Corporation (Japan)
- BIOLASE, Inc. (U.S.)
- Dentsply Sirona (U.S.)
- Envista (A subsidiary of Danaher Corporation) (U.S.)
- Kulzer GmbH (subsidiary of Mitsui Chemicals, Inc) (Germany)
- BEGO GmbH & Co. KG (Germany)
- Osstem U.K. (U.K.)
- Bicon, LLC (U.S.)
- CAMLOG Biotechnologies GmbH (Switzerland)
- Pindan Dental Laboratory (Australia)
- Zimvie Inc. (A subsidiary of Zimmer Biomet) (U.S.)
- Institut Straumann AG (Switzerland)
Above are the key players covered in the report, to know about more and exhaustive list of global dental lab market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Dental Lab Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
