Dental Lab Market - Major Revenue Pockets & Global Industry Dynamics

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The dental laboratories market is expected to reach USD 43.08 Billion by 2022 from an estimated USD 32.56 Billion in 2017, at a CAGR of 5.8% during the forecast period.

(EMAILWIRE.COM, December 19, 2018 ) Factors such as rapid growth in the geriatric population and the associated increase in the prevalence of edentulism, growing dental tourism in emerging markets, rising incidence of dental caries and other periodontal diseases, and increasing outsourcing of customization and fabrication of restorative and prosthetic products to dental laboratories are driving the growth of the global Dental Lab Market.

In this report, the market is segmented by indirect restorative material, equipment, prosthetic type, and region. By indirect restorative material, the dental laboratories market is segmented into metal ceramics, ceramics, and other indirect restorative materials. The ceramics segment is expected to register the highest CAGR during the forecast period. The color and translucency of ceramics mimic the natural tooth appearance. This has ensured their greater adoption in the market.

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By equipment, the dental laboratories market is segmented into articulators, furnaces, scanners, and milling equipment. 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, and increased development, penetration of computer-aided drawing, and computer-aided manufacturing in dentistry are the factors expected to drive the growth of this segment.

Based on prosthetic type, the dental laboratories market is segmented into crowns, dentures and bridges. The dentures segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is primarily attributed to the advantages it offers such as improved mastication or chewing ability, better aesthetics by providing a natural appearance to the face, and improved pronunciation by replacing missing teeth.

The Asia-Pacific region is expected to register the highest growth rate in the dental laboratories market during the forecast period. The rising geriatric population, growing dental tourism, increase in the number of dental laboratories, and increasing outsourcing of various manufacturing services in the region are some of the factors fueling the growth of the dental laboratories market in this region.

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Prominent players in this market include DENTSPLY SIRONA Inc. (US), Institut Straumann AG (Switzerland), Danaher Corporation (US), 3M Company (US), GC Corporation (Japan), Planmeca Oy (Finland), Ivoclar Vivadent AG (Liechtenstein), VOCO GmbH (Germany), Shofu Inc. (Japan), Daegu Dental Inc. (South Korea), Zimmer Biomet Holdings, Inc. (US), Mitsui Chemicals, Inc. (Japan), and Septodont Holding (France). These companies are also focusing on developing new innovative technologies and products to their portfolio, which in turn helps them to strengthen their presence in the respective markets.

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