Dental Lab
Market Size and Growth Rate:
Dental Lab Market Was Valued 32.51 Billion USD
in 2017 and this value predicted to reach 43.02 Billion USD by 2022 growing at
a significant CAGR of 5.5% during 2018 to 2022.
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Dental Lab
Market Overview:
The dental lab market is promising to have
steady pace during the forecast period. Dental laboratories are established for
the provision of oral health care by a licensed dentist with variety of
customized products. Dentist may use crowns, bridges, dentures and other
products for therapy. These products are regulated as medical devices by FDA
and are subjected to manufacture with quality systems. Dental labs need a
certificate to organize the therapies by a dentist. The technicians working in
the labs will follow the prescription by the doctor and ensures the effective
way of treatment. The good quality management by the practitioners develops the
standards for the lab.
Dental Lab
Market Growth Drivers and Restraints:
The growing prevalence to maintain healthy
dental and also rising geriatric population around the world are major
attributes for the tremendous growth of the dental lab market. The rise in
dental camps with good medical devices is further propelling the growth of the
market.
However, fluctuations in the price of the
final products of medical devices due to rapid changes in the manufacturing
procedures are hampering the growth of the market. The challenging factor in
this market is lack of skilled technicians to follow the prescriptions by the
dentist in an effective way.
Emerging of advanced technology in
manufacturing the quality medical devices, which are ensuring good results from
the patients is lucratively showing the growth opportunities for the market. Another
chance for the market lies in the development of painless techniques and also
computer aided design.
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Dental Lab
Market Segmentation Analysis:
Based on the equipment, the dental lab market
is segmented into milling equipment, scanners, furnaces and articulators. The
milling equipment segment is most popular among all due to wide range of
applicability.
On the basis of indirect restorative
materials, the market is bifurcated into metal ceramics, ceramics and resins
& non-ceramics. Metal ceramics are esteemed to have a fastest growth rate
during the forecast period.
Geographical
Analysis of Dental Lab Market:
Regionally, the market is led by North America
owing to quick adoption of the advanced technology and also implementing with
high quality medical devices. Asia Pacific and Europe are following North
America in leading the highest shares of the market with the increased
geriatric population and also rise in awareness programs.
Key
Players of Dental Lab Market:
Some of the leading market players of Dental
Lab Market are Delaval, GEA, Afimilk, Boumatic, Fullwood, SCR, Dairymaster,
Lely, VAS and more.
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