As per the American Association of Oral and Maxillofacial Surgeons, every year, approximately 69% adults aging from 35 years to 44 years lose a permanent tooth due to an accident, tooth decay, and failed root canal. Over the past few years, there has been an increase in the number of people wearing a full or partial denture. The number is expected to grow further in the near future, thus indicating the growing need for dental labs. The growing number of people facing different dental issues is expected to propel the global dental market in the near future. Less waiting period, easy access, and enhanced treatment for patients have propelled the demand for private dental clinics.
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The growth of the global dental laboratories market will be facilitated by many full-service dental labs focusing on introducing new dental devices and serving small-scale clinics. Many small-scale dental clinics are outsourcing their lab tasks to foreign dental laboratories, especially in Asia Pacific. Dental implant procedures are commonly outsourced by small-scale dental clinics to the full-service labs.
Mergers and acquisitions are expected to propel the global dental laboratories market in the near future. Dentsply Sirona Inc., recently announced the completion of merger of DENTSPLY International Inc. and Sirona Dental Systems, Inc. This merger of two big companies is expected to create the world’s most diversified manufacturer of dental technologies and products. The resulting company will engage in developing and supplying end-to-end clinical solutions with advance patient care.
Europe to be Largest Market owing to Increasing Occurrence of Periodontal Diseases
Dental laboratories have always been an important part of the global dental care market. The global dental laboratories market is set for a rapid transformation in the years to come. The implementation of the Affordable Care Act has changed the entire healthcare delivery system. The global dental laboratories market is spread across North America, Asia Pacific, Europe, and Rest of the World. In terms of revenue, Europe dominates the global dental laboratories market owing to the increasing number of people suffering from periodontal diseases.
Cost of Dental Procedures in Labs to Challenge Global Market
The global dental laboratories market is expected to face certain growth challenges in the years to come. Dental treatments are considered to be one of the most expensive treatments in the medical sector. The cost of dental procedures is expected to increase further in the years to come, thus posing the biggest challenge for the market’s growth. Despite the rising government funding, increasing aging population, and favorable government rules, there has been a fall in the number of dental labs. However, the increasing spending of people on dental hygiene is expected to boost the global dental laboratories market in the near future. Moreover, the services of overseas dental laboratories are expected to be used more than ever before, thus propelling the global market. Mergers will help clinics to offer dental treatments at an affordable rate.
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3M Health Care, Dentcare Dental Lab, Institut Straumann AG, Modern Dental Laboratory Co., Ltd., Patterson Companies, Inc., Sirona Dental Systems, Danaher Corporation, Henry Schein, Inc., Keating Dental Arts, National Dentex Corporation, Shofu Inc., and Yenadent Ltd. Sti are some of the leading companies operating in the global dental laboratories market.