Market Trends of Global Dental Labs Industry
3D Printing System Segment is Expected to Witness Significant Growth During the Forecast Period
- A 3D printing system is used because of its faster turnaround time and increased accuracy in preparing dental models, oral devices, and restorative products. Dental 3D printing provides better patient fit and simplified in-house production in dental labs. Hence, owing to the advantages offered by 3D dental printing, its adoption is expected to increase among the target population, ultimately driving market growth.
- Furthermore, continuous collaboration by significant players in the market is positively affecting the segment's growth. For instance, in November 2023, B9 Creations launched its new digital 3D printers and materials, dubbed B9 Dent XL 3D printer, which was incorporated with dental-specific CAM software. It helps automate the processes, thus helping dentists speed up quickly and improve efficiency. Similarly, in February 2022, 3D Systems and Saremco Dental AG announced a strategic partnership to accelerate innovation in digital dentistry, enabling dental laboratories and clinics to address a variety of indications with unparalleled accuracy, repeatability, productivity, and lower total cost.
- Thus, significant advantages provided by 3D printing solutions to improve efficiency in dental labs and technological advancements are expected to boost market growth.
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North America is Expected to Dominate the Dental Labs Market
- North America is anticipated to hold the largest market share due to factors such as the availability of technologically advanced products and high awareness among consumers about cosmetic dental procedures in the region. Moreover, growing dental expenditure in the region is anticipated to fuel market growth. According to the report published by the American Dental Association in January 2023, three out of four dentists planned to raise their fees, which was expected to result in an increase in dental expenditures.
- An increase in the establishment of dental labs in the United States for rapid and effective results is among the key factors that contribute to the growth of the market studied in North America. In 2023, there were 9,259 dental labs in the United States.
- Key product launches, the presence of key players in the region, or the manufacturer's presence in the United States are some of the factors driving the growth of the dental labs market in the country. For instance, in January 2022, Formlabs, the leading 3D printing company, announced the launch of the Form 3+ and Form 3B+ printers.
- Therefore, owing to the aforementioned factors, the market studied is anticipated to grow in North America.
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