The dental laboratories market size reached $30 billion in 2021 and is expected to register a CAGR of 5.4% during the forecast period, according to the latest analysis by Emergen Research. Increasing prevalence of dental cavities and periodontal diseases, rising awareness of oral health, increasing demand and adoption of modern devices and technology in dental laboratories are some of the key factors driving the market revenue growth.
Rising awareness of oral health is increasing the revenue growth of this market, the company said in a news release. According to oral health data from the Centers for Disease Control and Prevention, 26% of adults in the U.S. have untreated dental cavities. In addition, 13% of children between the ages of five and 19 have untreated tooth decay, and 46% of adults aged 30 and aged people have signs of gum disease. According to a new World Health Organization report on oral health, severe gum disease affects about one billion people worldwide, and untreated dental caries affects more than two billion people globally.
Leading companies are launching new technology and products, which are increasing the demand for this market. For instance, in May 2020, the Straumann Group announced a novel zygomatic implant solution that it will bring to market in conjunction with Southern Implants as part of its aim to lead in the field of implant immediacy. The innovative solution combines the benefits of Straumann's BLX and BLT implant prosthesis range for fixed overdentures with established implant design characteristics.
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