Dental Lab Market to Observe Utmost CAGR of 12.4% by 2029
Market share analysis as well as key trend analysis is the key accomplishing factors in Global Dental Lab Market report. Two of the major tools of market analysis employed here are SWOT analysis and Porter’s Five Forces Analysis. Insights covered in this market document enable the buyer of the report to achieve a telescopic view of the competitive landscape and plan the business strategies accordingly to thrive in the market. Likewise, the trends in consumer and supply chain dynamics are also acknowledged and then accordingly strategies about marketing, promotion and sales are interpreted for an extreme success.
The global dental lab is supportive and aims to reduce the severity of the symptoms. Data Bridge Market Research analyses that the dental lab market will grow at a CAGR of 12.4% during the forecast period of 2022 to 2029.
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A dental laboratory primary role is to provide restorative dentistry is to perfectly copy all of the functional and aesthetic parameters that have been defined by the dentist into a restorative solution. Throughout the entire restorative process, from the initial patient consultation, diagnosis, and treatment planning to final restoration placement, the communication routes between the dentist and the laboratory technician now can provide a complete transfer of information. Functional components, occlusal parameters, phonetics, and aesthetic requirements are just some of the essential types of information that are necessary for technicians to complete the fabrication of successful, functional, and aesthetic restorations. Today, as in the past, the communication tools between the dentist and the technician include photography, written documentation, and impressions of the patient’s existing dentition.
Drivers
- Rise In Research And Development Activity In Dental Industries
The pricing pressure has resulted in changes in the core dynamics of the dental implant industry. The innovations have created a substantial increase in the number of local and regional players involved in the creation of similar products and offering them at a lower cost.
For instance,
- In 2018, Young Innovations (U.S.) announced the acquisition of Johnson-Promidet (U.S.). The company focuses on high-quality dental handpiece solutions. This acquisition will result in delivering innovative, high-quality products and solutions to clinicians and their patients and also enhance their portfolio of brands and products through organic growth and acquisitions.
- In 2018, Danaher (U.S.) announced its agreement with General Electric Company (U.S.) for the acquisition of the Biopharma business of GE Life Sciences for the cash price of USD 21.4 Billion. The business will be established as a stand-alone operating company within Danaher.
The increase in research and development activities has made the companies more active in extending their services in the market targeting more customers in the market leading to a growth in the global dental lab market.
- Rapid Growth In The Geriatric Population
Oral health and hygiene are not very different from general health and unlike any other problem old age makes it difficult to maintain or keep check of the problem, so it becomes difficult to maintain oral health at an older age. According to the World Health Organization (WHO), from 2015 to 2050, the proportion of the world’s population over 60 years will nearly double from 12% to 22%. The elderly population, majorly suffers from chronic dental disorders, due to the elderly population, being disabled, homebound, or institutionalized (e.g., seniors who live in nursing homes). These factors increase the risk of oral health, among the elderly population.
For instance,
- In 2021, according to data by the Division of Oral Health, National Center for Chronic Disease Prevention and Health Promotion, nearly all adults (96%) aged 65 years or older have had a cavity; 1 in 5 have untreated tooth decay
- In 2021, according to data by the Division of Oral Health, National Center for Chronic Disease Prevention and Health Promotion, nearly all adults (96%) aged 65 years or older have had a cavity; 1 in 5 have untreated tooth decay
Recent Development
- In November, Young Innovations, Inc. acquired Preat Corporation, based in Santa Maria, California. Preat was a leading provider of dental implant components, attachments and tools. The acquisition, resulted in expansion of dental implant prosthetic product range and rise in revenue
Key Market Competitors Covered in the report
- Henry Schein, Inc.
- Dentsply Sirona
- Danaher
- PLANMECA OY
- 3M
- Zimmer Biomet
- 3Shape A/S
- A-dec Inc.
- BioHorizons
- BIOLASE, Inc.
- Core3dcentres
- Carestream Health
- Dentatus
- GC Corporation
- KaVo Dental
- Gnatus Medical-Dental Equipments
- Formlabs
- Mitsui Chemicals, Inc.
- Roland DGA Corporation
- SCHEU DENTAL GmbH
- Septodont, Inc.
- Ultradent Products Inc.
- VOCO GmbH
- Young Innovations, Inc.
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Report Coverage:
• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Dental lab Market Regional Analysis/Insights
The global dental lab market is analysed and market size insights and trends are provided by regions, product as referenced above.
The countries covered in the dental lab market report are the U.S., Canada and Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe., China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, Brazil, Argentina, Peru and Rest of South America. South Africa, Saudi Arabia, UAE, Egypt, Israel and Rest of Middle East and Africa.
North America is expected to dominate the market due to rise in cases of periodontal disorders, rise in medical tourism about dental treatment in global region.
This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
- How will the major segments of this international market develop over the next few years?
- Who are the major players that will dominate the market in the future?
- When it comes to this industry, who are the top suppliers and producers?
- How have the most successful companies in the industry planned for future growth and expansion?
- In what sectors might we expect to see the greatest increase in demand over the coming years?
- How many distinct subsets of buyers make up this market?
- Which regional powerhouse do you foresee as becoming the largest player in the international market?
- Does a new coronavirus pandemic have any consequences?
- In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
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Investing in this study would grant you access to valuable information, including:
- Comprehensive coverage of the Industry, both globally and broken down by region.
- Regional-level breakdowns of the market, including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
- Country-specific market size splits for the most important countries with major market shares.
- Market share and revenue/sales data for the industry’s leading players.
- Analysis of market trends such as emerging technologies, products, and start-ups, as well as PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, and more.
- Detailed market size data, including breakdowns by application/industry verticals.
- Projections and forecasts for the market’s future growth and development.
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