Name: Dental lab market growth
Location: , ,
The global dental laboratories market is forecast to reach USD$43.08 billion by 2022 from USD$32.56 billion in 2017 at a CAGR of 5.8% during (2017-2022) driven by the increasing edentulous, rapid rise in oral diseases, growing dental tourism in emerging countries, and the increased outsourcing of dental prosthetic manufacturing to dental labs says a newest report at ReportsnReports.com.
The prominent players in the dental laboratories devices market include DENTSPLY SIRONA (US), Danaher Corporation (US), 3M Company (US), Zimmer Biomet (US), Ultradent Products (US), GC Corporation (Japan), Mitsui Chemicals (Japan), Planmeca (Finland), BEGO (Germany), Septodont Holding (France), Ivoclar Vivadent (Liechtenstein), VOCO (Germany), VITA Zahnfabrik (Germany), Kuraray Noritake Dental (Japan), and Shofu (Japan).
Geographically, the global dental laboratories market is broadly segmented into five major geographies namely North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East & Africa. APAC witness the highest growth during the forecast period. In 2016, Europe commanded a major share of the global dental laboratories market.
However, APAC is expected to witness the highest growth during the forecast period. The significant growth of the APAC market is mainly attributed to the rising geriatric population, growing dental tourism, increase in the number of dental laboratories, and increasing outsourcing of various manufacturing services in the region.
The milling equipment dominated the dental laboratories equipment market in 2016. By equipment, the dental laboratories market is segmented into articulators, furnaces, scanners and milling equipment. In 2016, the milling equipment segment accounted for the major share of the global dental laboratories market, a trend that is likely to continue during the forecast period.
This is primarily due to increasing use of digital manufacturing processes in dentistry and the increasing demand for fabricating or customizing restoration models in a cost-effective manner.
By indirect restorative material, the global dental laboratories market is segmented into metal ceramics, ceramics and other indirect restorative materials, such as cast-gold (high noble) alloys and base metal (non-noble) alloys.
The ceramics segment is expected to grow at the fastest rate during the forecast period. The ceramics segment is expected to register the highest CAGR during the forecast period as the color and translucency of ceramics mimic the natural tooth appearance. This quality is expected to increase its adoption during the forecast period.
On the basis of 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 its advantages such as improved mastication or chewing ability, better esthetics by providing a natural appearance to the face, and improved pronunciation by replacing missing teeth.