Why 50% of Dental Labs Disappeared in the Past 16 Years and How to Thrive in the Face of Change
Posted Jan 15, 2023
The dental industry has undergone significant changes in the past 16 years, with nearly 50% of dental labs disappearing due to market consolidation, a 20% decrease in dental lab technicians, and major economic shifts. These changes can be intimidating, but there are steps that dental labs can take to prepare for and thrive in the face of change.
Steps to prepare for change
One of the best ways to prepare for change is to digitize your business. The COVID-19 pandemic has only accelerated the digitization of dental offices, so if you haven't already, now is the time to embrace digital tools and processes.
Another way to prepare for change is to diversify your product and service offering. This can help your business withstand increased competition from market consolidation and position you for success in the long term. One area...
