South Korea Dental Laboratories Market Size & Outlook
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South Korea dental laboratories market highlights
- The South Korea dental laboratories market generated a revenue of USD 168.8 million in 2023 and is expected to reach USD 279.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, oral care was the largest revenue generating product in 2023.
- Orthodontic is the most lucrative product segment registering the fastest growth during the forecast period.
Dental laboratories market data book summary
| Market revenue in 2023 | USD 168.8 million |
| Market revenue in 2030 | USD 279.8 million |
| Growth rate | 7.5% (CAGR from 2024 to 2030) |
| Largest segment | Oral care |
| Fastest growing segment | Orthodontic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Endodontic, Orthodontic, Oral care, Implant, Restorative |
| Key market players worldwide | Envista Holdings Corp Ordinary Shares, Dentsply Sirona Inc, A-Dec, Straumann Holding AG, Henry Schein Inc, Knight Therapeutics Inc, National Dentex Labs, 3M Co, Apex Dental Laboratory, Dental Services Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.8% of the global dental laboratories market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan dental laboratories market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 279.8 million by 2030.
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Dental Laboratories Market Scope
Dental Laboratories Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Dental Services Group | View profile | 501-1000 | Minneapolis, Minnesota, United States, North America | http://www.dentalservices.net/ |
| Apex Dental Laboratory | View profile | 251-500 | Eau Claire, Wisconsin, United States, North America | https://www.apexlabgroup.com |
| A-Dec | View profile | 1001-5000 | Newberg, Oregon, United States, North America | http://www.a-dec.com |
| National Dentex Labs | View profile | 1001-5000 | Palm Beach Gardens, Florida, United States, North America | https://nationaldentex.com |
| Knight Therapeutics Inc | View profile | 725 | 3400 De Maisonneuve West, Suite 1055, Montreal, QC, Canada, H3Z 3B8 | https://www.gud-knight.com |
| Envista Holdings Corp Ordinary Shares | View profile | 12800 | 200 S. Kraemer Boulevard, Building E, Brea, CA, United States, 92821 | https://www.envistaco.com |
| Henry Schein Inc | View profile | 25000 | 135 Duryea Road, Melville, NY, United States, 11747 | https://www.henryschein.com |
| Straumann Holding AG | View profile | 11109 | Peter Merian-Weg 12, Basel, Switzerland, 4002 | https://www.straumann-group.com |
| Dentsply Sirona Inc | View profile | 15000 | 13320 Ballantyne Corporate Place, Charlotte, NC, United States, 28277-3607 | https://www.dentsplysirona.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
South Korea dental laboratories market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dental laboratories market will help companies and investors design strategic landscapes.
Oral care was the largest segment with a revenue share of 27.61% in 2023. Horizon Databook has segmented the South Korea dental laboratories market based on endodontic, orthodontic, oral care, implant, restorative covering the revenue growth of each sub-segment from 2018 to 2030.
The country largely benefits from primary and secondary dental care by National Health Insurance and the cost for dental treatment is covered, except for prosthetic and esthetic dental care. Various factors such as rising dental disease burden, increasing geriatric population, and favorable government initiatives are among factors likely to propel growth of dental laboratories market in the country.
The Korean National Health Insurance Service (NHIS) has now started to provide insurance for oral reconstruction procedures, including full and removable dentures as well as dental implants. This has resulted in increased adoption of dental procedures.
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Our clientele includes a mix of dental laboratories market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea dental laboratories market , including forecasts for subscribers. This country databook contains high-level insights into South Korea dental laboratories market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea dental laboratories market size, by product, 2018-2030 (US$M)
South Korea Dental Laboratories Market Outlook Share, 2023 & 2030 (US$M)
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