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 4,900 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 4,900 firms that employ 44,800 workers and generates about $5 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

                            Jan 3, 2024 - Weak Sales Growth Expected
                            • Dental lab industry sales are forecast to grow at a 3.6% compounded annual rate from 2022 to 2027, slower than the growth of the overall economy, according to Inforum and the Interindustry Economic Research Fund, Inc. Industry labor costs increased during the first 11 months of 2023 as employment and average wages for nonsupervisory employees increased moderately.
                            • 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.
                            • The Biden administration has named 31 regions spanning 32 states and Puerto Rico as technology hubs. The move is intended to spur private investment and create jobs in the clean energy, biotechnology, and semiconductor industries. The creation of the tech hubs was authorized through the CHIPS and Science Act, which Biden signed into in 2022. The tech hub program is expected to disperse $500 million in grants.
                            • 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.
                            Get A Demo

                            Vertical IQ’s Industry Intelligence Platform

                            See for yourself why over 60,000 users trust Vertical IQ for their industry research and call preparation needs. Our easy-to-digest industry insights save call preparation time and help differentiate you from the competition.

                            Build valuable, lasting relationships by having smarter conversations -
                            check out Vertical IQ today.

                            Request A Demo