The Dental Laboratories Industry in the US showed a gradual increase in gross output from $5.9 billion in 2013 to $5.82 billion in 2023. After some fluctuations between 2013 and 2016, the industry started to stabilize, showing a modest growth trend. The year-on-year variation for 2023 stood at 0.9%, indicating a steady but slow increase in value. The compound annual growth rate (CAGR) over the last 5 years is 0.95%, reflecting a cautious yet consistent improvement over the later half of the period.
Looking ahead, the forecast data from 2024 to 2028 suggests a continuing upward trajectory, with an expected CAGR of 0.64% and an overall growth rate of 3.26% over these five years. By 2028, the industry's gross output is projected to reach $6.07 billion.
Future trends to watch for include advancements in dental technology, increasing consumer demand for aesthetic dental treatments, and the potential impact of regulatory changes in the healthcare sector. Additionally, demographic shifts and economic conditions will play significant roles in shaping the industry's direction.
