Dental Lab Market Size and Growth Rate:
Dental Lab Market Was Valued 32.51 Billion USD in 2017 and this value predicted to reach 43.02 Billion USD by 2022 growing at a significant CAGR of 5.5% during 2018 to 2022.
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Dental Lab Market Overview:
The dental lab market is promising to have steady pace during the forecast period. Dental laboratories are established for the provision of oral health care by a licensed dentist with variety of customized products. Dentist may use crowns, bridges, dentures and other products for therapy. These products are regulated as medical devices by FDA and are subjected to manufacture with quality systems. Dental labs need a certificate to organize the therapies by a dentist. The technicians working in the labs will follow the prescription by the doctor and ensures the effective way of treatment. The good quality management by the practitioners develops the standards for the lab.
Dental Lab Market Growth Drivers and Restraints:
The growing prevalence to maintain healthy dental and also rising geriatric population around the world are major attributes for the tremendous growth of the dental lab market. The rise in dental camps with good medical devices is further propelling the growth of the market.
However, fluctuations in the price of the final products of medical devices due to rapid changes in the manufacturing procedures are hampering the growth of the market. The challenging factor in this market is lack of skilled technicians to follow the prescriptions by the dentist in an effective way.
Emerging of advanced technology in manufacturing the quality medical devices, which are ensuring good results from the patients is lucratively showing the growth opportunities for the market. Another chance for the market lies in the development of painless techniques and also computer aided design.
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Dental Lab Market Segmentation Analysis:
Based on the equipment, the dental lab market is segmented into milling equipment, scanners, furnaces and articulators. The milling equipment segment is most popular among all due to wide range of applicability.
On the basis of indirect restorative materials, the market is bifurcated into metal ceramics, ceramics and resins & non-ceramics. Metal ceramics are esteemed to have a fastest growth rate during the forecast period.
Geographical Analysis of Dental Lab Market:
Regionally, the market is led by North America owing to quick adoption of the advanced technology and also implementing with high quality medical devices. Asia Pacific and Europe are following North America in leading the highest shares of the market with the increased geriatric population and also rise in awareness programs.
Key Players of Dental Lab Market:
Some of the leading market players of Dental Lab Market are Delaval, GEA, Afimilk, Boumatic, Fullwood, SCR, Dairymaster, Lely, VAS and more.
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