Market Trends of Global Dental Labs Industry
This section covers the major market trends shaping the Dental Labs Market according to our research experts:
3D Printing System segment is Expected to Witness Significant Growth Over the Forecast Period
3D Printing system is used with a faster turnaround time and increased accuracy in preparing dental models, oral devices, and restorative products among others. Dental 3D printing provides better patient fit along with simplified in-house production in dental labs. Hence, owing to the advantages offered by 3D Dental Printing, the adoption of these products is likely to increase among the target population, ultimately driving the market growth.
Furthermore, a continuous collaboration by major players in the market is positively affecting the growth of the segment. For instance, in Feb 2022, 3D Systems and Saremco Dental AG announced a strategic partnership to accelerate innovation in digital dentistry, enabling dental laboratories and clinics to address a variety of indications with unparalleled accuracy, repeatability, productivity, and lower total cost. Further, in December 2021, Stratasys Ltd. introduced the newest printer of 3D printing solutions for the dental industry, the Stratasys Origin One Dental. The Stratasys Origin One Dental and the recently introduced Stratasys J5 DentaJet 3D printer provide dental labs with comprehensive additive manufacturing solutions to meet the needs of the growing dental customer base.
North America is Expected to Dominate the Dental Labs Market
North America is expected to dominate the market owing to factors such as the easy availability of technologically advanced products, and high awareness among consumers about the cosmetic dental procedure in the region. According to the American Dental Association 2020, more than 5 million US seniors aged 65 to 74 have complete tooth loss, with nearly 3 million edentulous. Also, An increase in the establishment of Dental Labs for rapid and effective results in the United States is among the key factors which contribute to the growth of the studied market in North America. Currently, In 2022, there are 9,422 dental labs in United states.
Key product launches, high concentration of market players, or manufacturer's presence in the United States are some of the factors driving the growth of the Dental Labs market in the country. For instance, In January 2022 Formlabs, the leading 3D printing company, announced the launch of the Form 3+ and Form 3B+ printers. Therefore, owing to the aforesaid factors the growth of the studied market is anticipated in the North America Region.
