Dental Laboratories Market Global Analysis, Share, Trends, Application Analysis and Forecast To 2027
Dental laboratories market is anticipated to reach US$ 54,008.10 Mn in 2027 from US$ 33,264.24 Mn in 2018. The market is expected to grow with a CAGR of 5.7% from 2019-2027. Major factors boosting the growth of market include rising prevalence of tooth loss, advantages of cad/cam dentistry and rising demand for cosmetic dentistry. However, high cost of equipment and installation and the dearth of skilled professionals in dental laboratories is hampering the growth of the market. The dental laboratories market majorly consists of players such as Dentsply Sirona, Danaher, Zimmer Biomet, 3M, BEGO GmbH & Co. KG, Ultradent Products Inc, GC Corporation, Mitsui Chemicals, Inc., PLANMECA OY and Ivoclar Vivadent AG. For instance, in March 2019, BEGO has launched the Mediloy milling blanks, made of cobalt-chrome or titanium that offers a wide range of applications for digital dental technology. The global dental laboratories market, based on the equipment, was se...