Dental Laboratories

Industry Profile Report

Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters

Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.

Call Preparation Call Prep Questions, Industry Terms, and Weblinks.

Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.

Industry Profile Excerpts

Industry Overview

The 4,750 dental labs in the US design and fabricate custom dental prosthetic appliances, such as dentures, crowns, and bridges, for dentist offices and practices. Primary products include fixed and removable prosthetic devices, cosmetic devices, and orthodontic devices. Other products include sports guards and anti-snoring devices.

Foreign Competition

Domestic dental labs compete with foreign labs in China, Mexico, and India, which have specialized in offering low-priced partial frames and traditional crowns, especially zirconia-based restorations.

Competition from In-Office Technology

Advances in technology allow dentists to produce certain dental appliances in-office, replacing services from dental labs with their internal operations.

Industry size & Structure

The average dental lab operates out of single location, employs 9 workers, and generates about $1 million annually.

    • The dental lab industry consists of about 4,750 firms that employ 45,200 workers and generates about $6.4 billion annually.
    • The industry is somewhat concentrated, as the top 50 companies account for over 43% of industry revenue.
    • Large firms include Glidewell Laboratories, Modern Dental Labs, Dental Services Group, and National Dentex.
                            Industry Forecast
                            Dental Laboratories Industry Growth
                            Source: Vertical IQ and Inforum

                            Recent Developments

                            May 15, 2024 - Weak Sales Growth Expected
                            • Dental laboratory industry sales are forecast to grow at a 3.43% compounded annual rate from 2024 to 2028, slower than the growth of the overall economy, according to Inforum and the Interindustry Economic Research Fund, Inc. Dental laboratory industry employment decreased slightly during the first quarter of 2024 while average wages for nonsupervisory employees were unchanged, according to the US Bureau of Labor Statistics.
                            • Disposable personal income, an indicator of demand for dental services and custom dental prosthetic appliances, increased 0.5% month over month in March 2024 while consumer spending increased 0.8%, according to the US Commerce Department's Bureau of Economic Analysis (BEA). Real disposable personal income, what Americans make after adjusting for inflation and taxes, was unchanged during the period. Consumer spending growth was 2.5% annualized in Q1 2024 (down from 3.3% in Q4 2023). Most of the quarterly strength came from spending on services.
                            • The US dental prosthetics market achieved a valuation of $10.2 billion in 2023, according to Research and Markets. The industry has an expected growth rate of 1.7% from 2024 through 2030, with an expected valuation of $11.5 billion in 2030. Continually improving dental health is the primary factor restraining the growth of the US dental prosthetics market. An increasing portion of the population can maintain their natural teeth, resulting in a decrease in the number of individuals experiencing complete tooth loss. The market for full dentures and dental bridges is adversely affected as a result, while more cost-effective segments of dental prosthetics, such as crowns and partial dentures, experience growth.
                            • New networked technology allows dental laboratories to expand their reach directly into dental practices, according to additive manufacturing technology firm Desktop Metal. Networked scanners, for example, allow dentists to scan patients and use the digital data to directly order restoration services from a dental laboratory, or print-ready digital files from laboratories can be sent from a laboratory to the practice, where products can be printed chairside in the dental practice on networked 3D printers. Dentists can order a full range of simple to complex restorations, removables, and appliances including bite guards, crowns, veneers, dentures, and more.
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