Dental lab industry poised for growth: 5 key notes

The dental lab industry is estimated to grow by $10.7 billion from 2020 to 2024, according to a Sept. 23 report from global technology research company Technavio.

Five key details from the report:

  1. The industry's compound annual growth rate is predicted to be almost 6 percent during that time.

  2. The market's year-over-year growth for 2020 is estimated to be 5.76 percent.

  3. Computer-aided design and computer-aided manufacturing technology are the major factors driving the market's growth.

  4. The North American region is estimated to account for 41 percent of the market share.

  5. Dentsply Sirona, 3M, Envista, Ivoclar Vivadent, Planmeca, Septodont, Shofu, Straumann, Ultradent Products and Zimmer Biomet are the market's leading participants.

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