Dental materials and equipment are majorly used for designing and creating a wide range of products to provide efficient restoration and prosthesis. In the field of dentistry, rapidly evolving dental materials (ceramic, polymer, and metal) and equipment (milling machine, scanner, and CAD/CAM system) help dental professionals to provide better treatment options. Various dental materials and equipment are fabricated by dental manufacturing companies to develop innovative and clinically successful final products for a wide array of applications in dentistry.
The vendor evaluations are based on two broad categories — Product Offering and Business Strategy. Each category carries various criteria, based on which the vendors will be evaluated
Vendors who fall under this category receive high scores for most of the evaluation criteria. They have a strong and established product portfolio and market presence. They provide mature, innovative, and reputable dental laboratory products.
These are established vendors with very strong business strategies. However, they provide limited offerings and are less innovative.
Innovators are vendors who have demonstrated substantial product innovations as compared to their competitors. They have a strong product portfolio; however, do not have a strong business strategy for their overall business.
These are vendors with niche product offerings and are expected to gain a significant position in the market. They have not developed business strategies as compared to other established vendors. In addition, they might be new entrants in the market and may require some time before gaining traction in the market. The global dental laboratories market is segmented into five major regions—North America, Europe, Asia- Pacific, Latin America, and the Middle East and Africa. In 2016, Europe accounted for the largest share of of the global dental laboratories market, followed by North America ), Asia-Pacific ), Latin America , and the Middle East and Africa .The Asia-Pacific market is expected to grow at the highest CAGR during the forecast period, mainly due to the rapid growth in geriatric population, increased outsourcing of prosthesis manufacturing, rising disposable incomes, and growing dental tourism owing to the availability of low-cost treatment in the region.With the growth in geriatric population, the demand for dental products is expected to increase. In addition, the growing demand for better aesthetics is increasing the adoption of advanced dental technologies for the development of high-end dental products.