Crown jewel: The burgeoning elderly population will drive industry demand

Technological changes in the Dental Laboratories industry, specifically computer-aided design and computer-aided manufacturing (CAD/CAM) systems, improved the overall quality of products and services offered by industry operators over the five years to 2018. New and innovative technologies improved efficiency and provided flexibility to industry operators, however, a transforming competitive landscape presented new challenges. These changes in technology improved services provided by the industry. Industry operators attracted customers with customizable products. Also, as healthcare reform expands coverage for pediatric individuals, out-of-pocket dental costs will likely decline for these patients, bolstering the number of dental visits and spurring demand for dental laboratories...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
-1.0%
Forecast Growth 18-23
Profit
Employment
50,936
Businesses
12,830
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The rising elderly population will drive demand for dentures, bolstering industry revenue
  • The burgeoning elderly population provides the industry with both challenges and new revenue streams
  • Strong demand for affordable and esthetic dental restorative solutions will drive industry growth
  • Industry Report - Industry SWOT Analysis Chapter

    The Dentists Laboratories industry is in the decline stage of its life cycle. Over the 10 years to 2023, industry value added (IVA), which measures the industry's contribution to the overall economy, is anticipated to rise at an annualized rate of 1.6%. Comparatively, GDP is expected to grow at an annualized rate of 2.2% during the same period. The industry is currently in the decline stage of its life cycle, which can be partly attributed to the industry consolidating. During the 10-year period, the number of industry enterprises is expected to grow at a mere annualized rate of 0.2% to 13,214 companies. Ove...purchase to read more.

    Additional Insights for the Dental Laboratories Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dental Laboratories Industry are

  • Having a good technical knowledge of the product
  • Economies of scale
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance and Per capita disposable income in the Dental Laboratories industry impact industry performance..

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    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of people with private health insurance
  • Per capita disposable income
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Price of nonferrous metals

  • Current Performance
  • The aging population
  • Technological changes
  • Chart: Revenue Growth

  • Industry Outlook
  • Technology fosters growth
  • Enterprises and employment
  • Table: Dental Laboratories Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dental Laboratories Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health & Medical Insurance
  • Third-Party Administrators & Insurance Claims Adjusters
  • Health & Welfare Funds
  • Workers' Compensation & Other Insurance Funds
  • Dentists

  • Key Selling Industries
  • Intellectual Property Licensing
  • IT Consulting
  • Medical Supplies Wholesaling
  • Nonferrous Metal Rolling & Alloying
  • Plastic & Resin Manufacturing

  • Products & Services
  • Inlays, onlays and veneers
  • Crowns, bridges and dentures
  • Implants
  • Chart: Dental Laboratories Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Patients aged 40 to 59
  • Patients aged 19 and younger
  • Patients aged 60 and older
  • Patients aged 20 to 39
  • Chart: Major Market Segmentation for the Dental Laboratories Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchases and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Dental Laboratories

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dental Laboratories Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Dental Laboratories Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Dental Laboratories Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of people with private health insurance (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Crown
  • An artificial substitute for the natural crown of a tooth, which is the part of a tooth that is covered by enamel and projects beyond the gum line.
  • Denture
  • A partial or complete set of artificial teeth for the upper or lower jaw. Dentures are also known as dental plates.
  • Infection Control
  • The process of preventing the spread of infectious diseases.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Dental Laboratories contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Dental Laboratories:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Dental Laboratories market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Dental Laboratories, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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