Industry Update

January - December 2024

Fellow Dental Professionals,

As 2025 charges full steam ahead, the dental lab industry presents a mix of challenges and opportunities. While overall lab volumes have remained steady, the distribution of work is shifting in interesting ways. Here’s your guide to staying competitive and prepared this year.

Monthly Revenue Insights (US, CAN, UK)

Key Highlights:

• March, June, August, November, and December saw notable activity dips suggesting new seasonality patterns in patient behavior.
• Strong Recoveries in April, July, and October highlighted opportunities for strategic scheduling.
• UK and US large labs showed continued growth while smaller labs face increasing pressure.
• The Canadian market experienced the sharpest regional decline.

Regional Insights:

United States

• Large labs saw on average 2-3% growth, driven by rapid technology adoption
• Mid-sized labs grew roughly 1% with gradual automations
• Small labs saw 1-2% growth amid rising costs.

Key Insight:

Labs using AI-powered tools like EviSmart reported 20-30% efficiency gains on average, saving 100+ production hours per month.

Canada

• Large labs experienced 4-5% growth, driven by digital process automations
• Mid-sized labs saw a 1% revenue drop with limited production flexibility
• Small labs experienced a 7-12% revenue decline as resources stretch thin.

Key Insight:

EviSmart adoption and automations helped reduce operating costs for Canadian labs by 25%.

United Kingdom

• Large labs grew on average by 10-11% by pioneering early tech integrations.
• Mid-sized labs grew 2-3% through strategic investments in digital technology and AI
• Small Labs saw a 3-6% decline in revenue as they struggled with market pressures

Key Insight:

Advanced tech adopters saw a 10% higher client retention, helping them sustain month-on-month growth.

What This Means For You:

The data shows technology investment in mapping information flow and connecting all your equipment to one workflow is the key differentiator between growth and decline. Our new EviSmart Solution helps labs capture this advantage in an evolving market.

Ready to future-proof your lab?

Subscribe to the Evident Industry Update for exclusive insights and strategies that keep you ahead of the curve.

From all of us at Evident, we wish you all a successful year!