Market Size of Global Dental Labs Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.30 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Dental Labs Market Analysis
The Dental Labs market is expected to register a CAGR of 7.3% over the forecast period, 2022-2027.
COVID-19 pandemic had a substantial impact on the dental labs market, specifically for dental services. The strict lockdowns and government regulations intended to slow down the spread of COVID-19 resulted in a decrease in demand for products across all segments. In wake of COVID-19 outbreak, various organizations, such as, Medicare and Medicaid Services (CMS)17, American Dental Association (ADA)15 and the American Dental Hygienists' Association (ADHA)16 have recommended postponing all elective dental procedures and provision of noncritical dental care. As per the articles published in March 2022 titled 'Aerosols generated by high-speed handpiece and ultrasonic unit during endodontic coronal access alluding to the COVID-19 pandemic' in Springer Nature, there is a risk of transmission of acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which results in the COVID-19 disease, in dental practice carried by aerosol particles from blood, saliva, and other body fluids exposure of symptomatic and asymptomatic patients, combined with instruments that generate aerosols.
As per the articles published in May 2020 titled 'Impact of SARS-CoV2 (Covid-19) on dental practices: Economic analysis' in National Library of Medicine, mentioned that the longer Covid-19 mitigation/suppression measures are upheld, the greater the financial distress imposed onto dental clinics will be, affecting especially those with higher operational costs. Thus, the COVID-19 outbreak affected the market's growth adversely for dental labs market; however, the market is expected to gain traction due to the significant increase in the use of dental labs globally.
Further, an increase in the geriatric population, increasing cases of edentulism, and growing demand for cosmetic dental procedures are among the major factors driving the growth of the studied market. For instance, in June 2022 according to the United States Census Bureau, 65-and-older population grew by over a 34.2% during the past decade, and by 3.2% from 2018 to 2019. Dental labs provide customized dental solutions with advanced technological support, and presence of the latest equipment may support the growth in the future. Such factors are likely to boost the adoption of dental labs, thereby contributing to the studied market growth.
In addition, new product launches and strategic activities by major players in the market are positively affecting the growth of the studied market. For instance, in June 2022 ZimVie Inc. announced the joint launch of the new, FDA-cleared T3 PRO Tapered Implant and Encode Emergence Healing Abutment in the United States. Additionally, in July 2021, 3M Oral Care has introduced Clarity Aligners Flex + Force, a new aligner system that empowers orthodontists to choose from two unique aligner materials in one treatment design and gives patients a customized treatment experience. Thus, owing to the product launches the studied market is expected to have significant growth over the forecast period.
Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. However, the high cost of dental treatment is likely to impede market growth.
