Global Dental Laboratories Market, by Product (Restorative, Implant, Oral Care, Orthodontic, Endodontic, and Others), by Equipment (Milling Equipment, Dental Scanners, Furnaces, Articulators, Dental Lasers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 38.4 Bn in 2021 and is expected to exhibit a CAGR of 5.5% during the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
Rising R&D and innovations in dental equipment is expected to propel the global dental laboratories market growth over the forecast period. For instance, in October 2020, according to International Journal of Innovative Science and Research Technology, three-dimensional imaging has established as advanced technological tool in dentistry. Cone beam computed tomography is a 3-D imaging and modelling technology with the introduction of advanced imaging techniques such as Computer-aided Design (CAD) and Computer-aided Design (CAM). These techniques have facilitated planning and handling of complicated dental procedures.
Global Dental Laboratories Market– Impact of Coronavirus (COVID-19) Pandemic
The dental laboratories market has been greatly impacted due to the coronavirus epidemic. Following the announcement of the lockdown in March 2020, several dental practices either shuttered altogether or limited their services to the bare minimum. The pandemic had tremendous issues related to dental operations with negative impact on dental labs.
COVID-19 had a detrimental influence on the dentistry sector by reducing number of patients and dental spending. The capital equipment and materials markets was impacted by the decreased cash flow in dental offices as well as decreased demand for dental prosthetics. Overall, the pandemic's impact on the digital dentistry market is projected to hamper the global dental laboratories market growth.
Browse 32 Market Data Tables and 35 Figures spread through 312 Pages and in-depth TOC on “Global Dental Laboratories Market”- Forecast to 2028, Global Dental Laboratories Market, by Product (Restorative, Implant, Oral Care, Orthodontic, Endodontic, and Others), by Equipment (Milling Equipment, Dental Scanners, Furnaces, Articulators, Dental Lasers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Increasing use of bone morphogenic enzymes for treatment of dental diseases is anticipated to drive the global dental laboratories market growth during the forecast period. The use of bone morphogenic enzymes as implants has resulted in faster healing and shorter procedure times. For instance, according to the Multidisciplinary Digital Publishing Institute, in August 2019, the complementary use of bone morphogenic protein 2 (BMP-2) became clinically available to recover bone regeneration and generate expectable results in difficult cases in dental treatment.
Key Takeaways of the Global Dental Laboratories Market:
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