Global Dental Lab Market Overview:
Global dental laboratories have experienced robust technological advancements as well as continues research & development which will ultimately generate significant demand for dental products. In addition to this, the increasing geriatric population across the globe & increasing prevalence of numerous dental diseases such as Edentulism. The American Academy of Cosmetic Dentistry, around 99% of the population significantly cares for their smile & oral care and approximately 84% of individuals have opted orthodontic treatments which will generate robust demand dental care across the globe. However, the demand might be stagnated due to the expensive solutions and the dominance of prominent vendors. Some of the key players profiled in the study are 3M Company (United States), Henry Schein Inc. (United States), Straumann AG (Switzerland), Keating Dental Arts (United States), Modern Dental Laboratory Co., Ltd. (Hong Kong), National Dentex Corporation (United States), Patterson Companies, Inc. (United States), Shofu Inc. (Japan), Sirona Dental Systems Inc. (Germany) and Yenadent Ltd. Sti. (Turkey). According to Market Analyst at AMA, the Global Dental Lab market may see a growth rate of 5.62% and would reach the market size of USD44.53 Billion by 2024.
On the basis of geography, the market of Dental Lab has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2017. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Material, the sub-segment i.e. Metal Ceramic will boost the Dental Lab market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Equipment Type, the sub-segment i.e. Lasers will boost the Dental Lab market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Prostetics, the sub-segment i.e. Bridge will boost the Dental Lab market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Geriatric Population across the Globe
- Rising Prevalence of various Dental Problems such as Edentulism
- Continues Technological Advancements in Dental Care as well as Growing Dental Tourism
- Introduction to New and Differentiating Dental Care Products
- Comparatively Higher Costs of Associated with Dental Product Raw Materials
- Highly Oligopolistic Competition leading to Markup Pricing
- Growing Adoption of 3D printing and CAD/CAM software
- Increasing Demand from the Emerging Economies
- Stringent Government Regulations with respect to Oral Care Product Development
Major Market Developments:
May 16, 2019, Henry Schein, Inc. has expanded a membership value club for dental professionals that combines, for the first time ever, the Company's expansive portfolio of business, clinical, technology, supply chain solutions, and enhanced service experience at exclusive member pricing. In addition to new solutions, Thrive by Henry Schein offers members additional benefits such as premium product discounts, educational opportunities, and more tools in a single solutions package designed to improve workflow efficiencies so they can focus on delivering quality patient care.
Target Audience:Dental Lab Service Providers, Dental Equipment Manufacturers, Dental Equipment Distributors and Traders, Healthcare Industry Associations, Government Agencies, Research and Development Institutes and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Dental Lab market on the basis of product [Restorative, Implant and Oral Care] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Dental Lab market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Dental Lab industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Dentcare Dental Lab (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Dental Lab market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.