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:
- The industry's compound annual growth rate is predicted to be almost 6 percent during that time.
- The market's year-over-year growth for 2020 is estimated to be 5.76 percent.
- Computer-aided design and computer-aided manufacturing technology are the major factors driving the market's growth.
- The North American region is estimated to account for 41 percent of the market share.
- 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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