Dental News - Global lab revenues projected to exceed US$14.5 billion by 2015

Fred Michmershuizen, DTA

Wed. 30 June 2010

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Increasing numbers of elderly people and more demand for high-quality dental esthetics are cited among reasons for an increase in global demand for the services of dental laboratories. According to a new report, the world market for dental laboratories is projected to exceed US$14.5 billion by the year 2015.

The report, by Global Industry Analysts, a publisher of market research, states that dental laboratories are witnessing a significant increase in demand for dental prosthetics as well as other restoratives. The report also cites the increasing purchasing power of the baby boom generation as another factor driving the dental laboratory market.

The United States represents the largest market for dental laboratories worldwide, according to the report. The scarcity of technicians and availability of modern restorative technologies and systems are driving dental laboratories to deliver quality dental restorations to dentists on time. Outsourcing is a key element in the U.S. dental laboratory industry.

The report, titled Dental Laboratories: A Global Strategic Business Report, provides a comprehensive review of dental laboratories, market trends, recent industry activity, and focus on market participants. The study analyzes market data and analytics in terms of value sales for regions, including The United States, Canada, Japan, Europe, Asia-Pacific, Latin America and the rest of the world.

Key players profiled in the report include 1st Dental Laboratories, Attenborough Dental, Champlain Dental Laboratory, Dental Services Group, iDent Dental Lab, Lord’s Dental Studio, Knight Dental Design, National Dentex Corp., Southern Craft Dental Laboratory, Utah Valley Dental Lab and others.

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