Global Dental Lab Market - Emerging Trends & Future Forecasts
Summary
- Increasing Popularity of CAD/CAM Technology.
- Growing Focus of Companies on Emerging Markets.
Growth Boosters for Global Dental Laboratory Industry:
The rapid growth in the geriatric population and the associated increase in the prevalence of edentulism, growing dental tourism in emerging markets, rising incidence of dental caries and other periodontal diseases, and the increased outsourcing of certain manufacturing functions to dental laboratories.
Research Methodology Followed:
Top-down and bottom-up approaches were used to validate the size of the global dental laboratory market and estimate the size of various other dependent submarkets. Major players in the market were identified through secondary research and their market revenues were determined through primary and secondary research. Secondary research included the study of the annual and financial reports of top market players, whereas primary research included extensive interviews with the key opinion leaders such as CEOs, directors, and marketing executives.
The percentage splits, shares, and breakdowns of the product markets were determined using secondary sources and verified through primary sources. This data was consolidated and added to detailed inputs and analysis from MarketsandMarkets and presented in this report. Some of the secondary resources we referred to are the Canadian Dental Association, American Dental Association, British Dental Association, World Health Organization, Indian Dental Association, and Japan Dental Association.
Target Audience:
# Dental product manufacturers & distributors
# Dental equipment manufacturers & distributors
# Dental laboratories
# Government associations and dental practitioners
# Market research and consulting firms
# Venture capitalists and investors
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Expected Revenue Growth, Globally:
The global dental lab market is projected to reach USD 43.08 Billion by 2022 from USD 32.56 Billion in 2017, at a CAGR of 5.8% from 2017 to 2022.
Geographical Growth Scenario:
Europe dominated the market in 2016
Europe accounted for the largest share of the dental laboratories devices market in 2016, followed by North America. The rising geriatric population, increasing dental tourism, growth in the number of dental laboratories, growing government expenditure on oral healthcare across Europe, and presence of higher reimbursement rates for dental procedures in Europe as compared to other regions are the key factors driving the growth of the dental laboratories market in Europe.
Years Considered for this Report:
2016 – Base Year
2017 – Estimated Year
2022 – Projected Year
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