Dental Laboratories Market to Expand by US$ 22.5 Billion by 2032, Fueled by Digital Workflows
The global Dental
Laboratories Market, valued at US$ 31.2 billion in 2022, is projected to
reach US$ 53.7 billion by 2032, expanding at a CAGR of 5.6%. Driven by rising
demand for cosmetic dentistry, technological advancements, and increasing
dental tourism, this market is pivotal for oral healthcare. This press release
explores the key drivers, projections, and opportunities shaping this dynamic
industry.
Why Is the Market Growing?
Growing demand for cosmetic dentistry, with 15% of adults
seeking aesthetic procedures in 2024, drives the need for dental laboratories.
Technological advancements, like 3D printing and CAD/CAM systems, improve
precision and reduce production time by 20%. Dental tourism, particularly in
Asia-Pacific with a 12% rise in 2024, boosts demand for crowns and implants.
Innovations, such as Dentsply Sirona’s 2024 3D-printed prosthetics, enhance
efficiency. Regulatory support, like EU’s dental care funding, fuels growth,
while high costs, averaging US$ 500 per crown, are mitigated by digital
workflows and outsourcing.
What Are the Key Market Projections?
The market is set to create a US$ 22.5 billion opportunity
by 2032, growing from US$ 31.2 billion in 2022 to US$ 53.7 billion at a 5.6%
CAGR. The oral care segment, holding a 60% share in 2022, is projected to grow
at a 5.8% CAGR, creating a US$ 13.5 billion opportunity. North America, with a
35% share in 2022, and Asia-Pacific lead due to dental tourism and healthcare
spending. Historical growth from 2017 to 2021 was at a 5.4% CAGR. Short-term
growth (2022–2025) focuses on cosmetic restorations, while long-term trends
(2028–2032) emphasize digital dentistry.
How Can Stakeholders Leverage Opportunities?
Stakeholders in dental and healthcare sectors can capitalize
by investing in 3D printing and AI-driven CAD/CAM systems, like Straumann’s
2024 digital workflow solutions. Partnerships, such as Henry Schein’s 2023
collaboration with labs, enhance distribution. Targeting Asia-Pacific, with a
US$ 10 billion market by 2030, and North America offers significant potential.
Direct sales and digital platforms, accounting for 25% of sales in 2022, ensure
scalability. Compliance with FDA and ISO 13485 standards boosts market trust
and competitiveness.
What Does the Report Cover?
FactMR’s report combines primary research across 30+
countries and secondary analysis, covering segments by product (restorative,
orthodontic, endodontic, implant), equipment (CAD/CAM systems, 3D printing),
and region (North America, Latin America, Europe, East Asia, South Asia &
Oceania, Middle East & Africa). It highlights trends like digital
dentistry, 3D printing, and cosmetic procedures, providing actionable insights.
Who Are the Market Leaders?
Key players include Dentsply Sirona, Straumann Group, Henry
Schein, and 3M. Dentsply Sirona’s 2024 3D-printed prosthetic launch improved
production speed, while Straumann expanded its digital lab portfolio in 2023.
These companies, holding over 40% of the market, drive innovation through
R&D and partnerships with dental clinics.
What Are the Latest Market Developments?
In 2024, cosmetic dentistry procedures grew by 15%, boosting
lab demand. 3D printing, adopted by 25% of labs, reduced costs by 20%. North
America’s 35% share reflects high cosmetic spending, while Asia-Pacific’s
growth is driven by dental tourism in Thailand and India. Regulatory
advancements, like EU’s dental funding, increased adoption by 10%. Developments
such as 3M’s 2024 AI-driven restorations enhanced precision and market
expansion.
What Challenges and Solutions Exist?
High production costs, averaging US$ 500 per crown, and
skilled labor shortages, affecting 20% of labs, pose challenges. Solutions
include digital workflows, reducing costs by 25%, and outsourcing to
Asia-Pacific, saving 15%. Localized production, adopted by 10% of
manufacturers, mitigates supply chain risks. Compliance with global standards
ensures market resilience and consumer confidence.
Conclusion
The Global Dental Laboratories Market is set to reach
US$ 53.7 billion by 2032, driven by a 5.6% CAGR. With applications in
restorative and cosmetic dentistry, and supported by digital and 3D printing
innovations, the market offers transformative opportunities. Stakeholders can
leverage FactMR’s insights to target high-growth regions, invest in advanced
solutions, and address cost and labor challenges to thrive in this vital
healthcare industry.
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