February 19, 2023 19:30 ET | Source: MarketsandMarkets Research Pvt. Ltd. MarketsandMarkets Research Pvt. Ltd.
Chicago, Feb. 19, 2023 (GLOBE NEWSWIRE) -- The dental laboratories industry is expected to grow over the next few years, driven by the increasing demand for dental services and the increasing availability of technology to improve dental procedures. With the aging population, the demand for cosmetic dentistry is also on the rise, leading to an increase in demand for dental laboratories. Additionally, the development of digital dentistry will likely have a positive impact on the industry, as it reduces the time and cost associated with traditional dental laboratory processes. Furthermore, advances in 3D printing technology are also expected to drive growth in the industry. As the technology continues to improve, the cost of production will decrease and the number of dental applications that can be produced using 3D printing will increase. The increasing demand for dental procedures is expected to create more opportunities for dental laboratories over the next few years. Denture Making Supplies
Dental Laboratories market in terms of revenue was estimated to be worth $35 Billion in 2022 and is poised to reach $46.5 billion by 2027, growing at a CAGR of 5.9% from 2022 to 2027 according to a latest report published by MarketsandMarkets™. The growth of this market is primarily driven by factors such as rapid growth in the geriatric population and the associated increase in the prevalence of edentulism, development of technologically advanced solutions, growing dental tourism in the emerging markets, rising incidence of dental caries and other periodontal diseases, increasing outsourcing of customization, and the increasing number of dental laboratories investing in CAD/CAM technologies.
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Notable Dental Laboratories mergers and acquisitions for 2021 – 2022 include:
Growth Drivers of Dental Laboratories Market from macro to micro.
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Hypothetic challenges of Dental Laboratories market in near future:
Top 3 use cases of Dental Laboratories market:
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