03 May 2022

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Dental lab market to exceed $50B

Katherine E. Pfaff

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The market for dental laboratories is forecast to reach an absolute opportunity of $5.3 billion, according to a report by the market analysis firm, Fact.MR. The increase is based on a projected 2032 value of $53.7 billion for the market up from a $29.6 billion valuation in 2021. The increase across the forecast period is estimated at 5.6% CAGR.

Estimated growth is based on the rise in oral care as rates of periodontal disease and tooth decay increase as well as interest in cosmetic offerings. Dental laboratories are well placed to receive increased interest in dental segments as the facilities provide prosthetic and restorative devices; the growth in these areas is expected to offer a boon to the industry for a decade, according to the report.

The need for additional dental laboratory products such as dentures and dental implants is also expected to grow as patient populations age. Food and beverage choices like sweetened drinks, alcohol, high calorie and sugary diets, and smoking cigarettes are adding growth to the market as well as they degrade dental health for individuals as they require procedures to treat disease or implants.

On the other hand, social media has also contributed to a desire for dental cosmetic options, driving market growth in enhancing smiles. Technological changes in CT, digital x-ray, and CAD have also bolstered growth as the demand for advanced care increases. 

Dental lasers are expected to have the largest growth at 8.9% CAGR through 2032, when viewing the market by application segment. By geographical perspective, the US is forecast to lead the market for greatest share.

Source: https://www.prnewswire.com/news-releases/dental-laboratories-market-to-exceed-us-53-7-bn-as-demand-for-cosmetic-dentistry-grows-301530177.html