The Dental Laboratories Market is estimated to be valued at US$ 54.10 Bn in 2031

A newly published report by Coherent Market Insights reveals a sustainable growth opportunity in the dental laboratories market. Coherent Market Insights’ analyst projected the dental laboratories market to be valued at US$ 54.10 Bn in 2031. It and is expected to exhibit a CAGR of 5.9 % over the forecast period 2024-2031.

Rising demand for dental implants and crowns drives market growth. According to the Centers for Disease Control and Prevention, in the US around 64 million people suffer from some degree of periodontal disease, which results in the need for dental implants and crowns.

Furthermore, increasing occurrence of dental issues, coupled with the rising aging population, are also contributing to the growth of the market. The geriatric population is more prone to tooth loss and other dental problems. Additionally, technological advancements in dental equipment and rising dental tourism in developing countries also fuelling the market growth.

Key market trends include CAD/CAM technology: The increasing popularity of CAD/CAM technology is a major trend gaining popularity in the dental laboratories market. Computer-aided design (CAD) and computer-aided manufacturing (CAM) help dental laboratories streamline and optimize workflows while improving accuracy. In addition, CAD/CAM technologies help reduce turnaround times and improve efficiency. This has resulted in their rising adoption by dental laboratories.

Dental 3D printing– Rising adoption of dental 3D printing is another trend witnessed in the market. 3D printing technology helps reduce errors, minimize wastage of materials, improve fit, and enhances esthetics. It also enables mass customization by fabricating dental products according to an individual’s anatomical structures. 3D printing has applications in orthodontics, prosthodontics, and implant dentistry and is expected to gain further traction.

Dental Laboratories Market Opportunities: By product type -The crowns and bridges segment held the largest market share in 2023, accounting for around 35% of the overall dental laboratories market. Crowns and bridges are commonly used dental restorations for treating broken, cracked, or missing teeth. They are durable, long-lasting solutions that can restore proper chewing function and improve aesthetics. Growing awareness about oral healthcare and availability of dental insurance are also supporting segment growth.

Dental implants are anticipated to be the fastest growing segment during the forecast period. They offer a reliable solution for replacing missing teeth and restoring facial symmetry. Factors such as the rising number of edentulous patients, introduction of innovative implant designs, and growing medical tourism for affordable dental treatment are fueling demand for implants. Rising spends on dental cosmetic treatments are also bolstering interest in dental implants.

Key Market Takeaways: The global dental laboratories market is anticipated to witness a CAGR of 5.9% during the forecast period 2023-2030. This is owing to rapid urbanization, rising disposable incomes, and growing prevalence of oral diseases.

On the basis of product type, the crowns and bridges segment is expected to hold a dominant position, accounting for over 30% of the market by 2030. This is due to high usage of these restorations for treating dental disorders.

On the basis of equipment, milling equipment is projected to lead the market. This is owing to wide application in fabricating crowns, bridges, and implants.

North America is expected to hold a dominant position over the forecast period. This is due to the presence of advanced dental infrastructure, rising healthcare spends, and growing demand for cosmetic dentistry in the region.

Competitor Insights: Key players operating in the dental laboratories market include Dentsply Sirona Inc., Ivoclar Vivadent AG, 3M Company, Dental Services Group, Henry Schein, Inc., Straumann Group. These companies are focusing on new product launches, acquisitions, and expansions to strengthen their market position.

Recent Developments: In July 2023, Corpus Partners purchased a substantial stake in Hallmark Dental Laboratory, the biggest dental lab in Atlantic Canada, through its Canadian Dental Laboratories Limited Partnership. This purchase enhances Canadian Dental Labs’ visibility and is a significant step toward building a top-tier dental laboratory network across the country. More information in full report