The global dental lab market is projected to reach USD 43.08 Billion by 2022 from USD 32.56 Billion in 2017, at a CAGR of 5.8% from 2017 to 2022. The growth in this market is primarily attributed to the rapid growth in the geriatric population and the associated increase in the prevalence of edentulism and increasing outsourcing to dental laboratories for customized prosthetic solutions.
The report analyzes the global dental laboratory market by material, equipment, prosthetic type, and region. Based on indirect restorative material, the global market is segmented into metal ceramics, ceramics, and other indirect restorative materials, such as cast-gold (high noble) alloys and base metal (non-noble) alloys. In 2016, the metal ceramics segment accounted for the largest share of global dental laboratories market mainly due to its strength, durability, resistance to fracture, and high biocompatibility as compared to ceramics and other indirect restorative materials.
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Based on equipment, the global dental laboratory market is segmented into articulators, furnaces, scanners, and milling equipment. The milling equipment segment accounted for the largest share of the global dental laboratory market in 2016. The scanners segment is expected to grow at the highest CAGR during the forecast period. The rising focus on digital dental products, increasing efforts towards delivering faster dental treatment, increased development and penetration of computer-aided drawing, and Computer-Aided Manufacturing in dentistry are expected to drive the uptake of dental scanners.
On the basis of prosthetic type, the dental lab market is segmented into crowns, dentures and bridges. In 2016, the crowns segment dominated the market. The large share of this segment is mainly attributed to the large number of single tooth implant restoration procedures.
Geographically, the global dental lab 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.
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The global market is characterized by a large number of players. The prominent players in dental lab 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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