Global Leading Players Operating in the Global Dental Laboratories Market

Major Growth Boosting Factors:

The growth of dental laboratories 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.

Projected Revenue Growth:

The global dental laboratories market is estimated to grow at a CAGR of 5.9 % during the forecast period. The market is projected to reach USD 46.5 billion by 2027 from USD 35.0 billion in 2022.

Market Size Estimation:

Both top-down and bottom-up approaches have been used to estimate and validate the size of the dental laboratories market and other dependent submarkets.

Approach to calculate the revenue of different players in the Dental Laboratories market

In this report, the global dental laboratories market size was arrived at by using the revenue share analysis of leading players. For this purpose, major players in the market were identified, and their revenues from the dental laboratories business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key market players’ marketing executives.

Download PDF Brochure@
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=223694318

Approach to derive the market size and estimate market growth

The total size of the dental laboratories market was arrived at after data triangulation from three different approaches, as mentioned below. After each approach, the weighted average of the three approaches was taken based on the level of assumptions used in each approach.

Leading Companies Operating in the Global Market:

Prominent players in the dental laboratories market are Dentsply Sirona, Inc. (US), Envista Holdings Corporation (US), 3M Company (US), GC Corporation (Japan), Mitsui Chemicals (Japan), Planmeca Group (Finland), BEGO GmbH & Co, KG (Germany), Ivoclar Vivadent (Liechtenstein), VOCO GmbH (Germany), Shofu Dental Corporation (Japan), VITA Zahnfabrik H. Rauter GmbH & Co. KG (Germany), Kuraray Noritake Dental Inc. (Japan), Amann Girrbach AG (Austria), Schütz Dental GmbH (Germany), Nakanishi Inc. (Japan), COLTENE Holding AG (Switzerland), Institut Straumann AG (Switzerland), A-dec Inc. (US). Stratasys (US and Israel), 3D Systems (US), Formlabs (US), Roland DG Corporation (Japan), SHINING 3D (US), and Zirkonzahn (US).

Dentsply Sirona (US) held the leading position in the dental laboratories market in 2021. The merger of DENTSPLY International and Sirona Dental Systems is one of the major mergers in the dental industry. With Sirona completely dedicated to equipment and DENTSPLY majorly to dental consumables, the merger resulted in the formation of Dentsply Sirona, which operates in more than 40 countries. The broad dental equipment portfolio of the company includes CAD/CAM systems, materials, imaging systems, and dental specialty products for endodontics, orthodontics, and implants.

Envista Holdings Corporation (US) is the second leading company in the dental laboratories market. Envista manufactures dental products that enable dental professionals to deliver better quality services. The company’s Ormco Corporation division provides innovative aesthetic products, and the KavoKerr division has an extensive product portfolio for the dental laboratories market. The company emphasizes product development, product launches, and commercial investment. Investment in sales organizations, especially within the company’s implant business and emerging markets, has proved critical to the growth strategy.

Ivoclar Vivadent (Liechtenstein) is one of the leading players in the dental laboratories market. The company has a broad product portfolio in the indirect restorative materials and lab side equipment markets, an important factor for its future growth. The company primarily focuses on organic and inorganic strategies such as new product launches and partnerships to maintain its position in the market. For instance, in April 2021 and March 2018, the company launched Press and ceramic furnaces and Tetric CAD Composites Blocks respectively. In December 2019, the company partnered with Henry Schein Inc. (US) to distribute the new PrograMill One Milling System.

Request Sample Pages@
https://www.marketsandmarkets.com/requestsampleNew.asp?id=223694318

The APAC dental laboratories market is projected to grow at the highest rate during the forecast period.

In 2021, the Asia Pacific accounted for 30.2% of the global market. The growth of the APAC market is driven by several factors, such as the rising geriatric population, growing dental tourism, the increase in the number of dental laboratories, and the increased outsourcing of various manufacturing services to the region. UN estimates in 2020 showed ~727 million people aged 65 years or over worldwide. The global elderly population is projected to reach 1.5 billion by 2050. Since this population segment is more prone to tooth loss and conditions such as cavities and gum disease, demand for dental lab products can be expected to rise. The demand for better aesthetics and the adoption of advanced technologies also drive the market.

Share this post:

Related Posts

Comments are closed.