Dentures Market is Estimated to Witness High Growth Owing to Increasing tooth decay incidences
The Global Dentures Market is estimated to be valued at US$ 3.5 Billion in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024-2032.
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The global dentures market encompasses the manufacturing and distribution of artificial teeth that are placed in the mouth after losing natural tooth/teeth, which restore functions of chewing and speaking. Dentures are available in two types - partial dentures, which are used when some natural teeth remain in the mouth; and complete dentures, which are used when all teeth are missing in one dental arch. Dentures are fabricated using acrylic resins, which are durable, long-lasting and provide comfort after implant. They help in improving facial aesthetics by filling gaps left by missing teeth.
The Global Dentures Market is estimated to be valued at US$ 3.5 Billion in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024-2032.
Surging prevalence of dental caries and other periodontal diseases globally is a key factor bolstering the demand for dentures in recent years. According to WHO, oral diseases affect nearly 3.5 billion people worldwide, with caries of permanent teeth being the most prevalent condition. Rise in number of edentulous population who have lost all natural teeth also requires dentures for chewing purpose. Moreover, growing focus on dental aesthetics and appearance among people is encouraging the market growth. Availability of advanced dentures that closely resemble natural gum tissues and teeth further aids the market expansion.
Key Takeaways
Key players operating in the Dentures Market are Dentsply Sirona, Ivoclar Vivadent, Mitsui Chemicals, GC Corporation, Modern Dental Group Limited, Jiahua Dental, Vita Zahnfabrik and Huge Dental.
Growing focus on dental aesthetics and appearance among individuals to properly chew food and speak clearly is driving the demand for dentures globally. The geriatric population widely uses dentures as tooth loss increases with age, which is fueling the market growth.
All major players are focusing on expanding their geographical presence through partnerships and acquisitions with regional players. For instance, in 2023, GC Corporation partnered with Pearl Dental Solution to expand business of dental implant systems and dentures in Southeast Asia.
Market Key Trends
Digital dentistry are gaining prominence in Dentures Market Trends. Manufacturers are incorporating CAD/CAM (computer-aided design and computer-aided manufacturing) technology to design and fabricate dentures digitally using 3D printed molds and scanners for highly customized fit and aesthetic appeal. This helps in reducing production time and improving accuracy of dentures. 3D printing further allows mass customization of dentures as per patient's oral anatomy. The technology is expected to transform denture production workflow in the coming years.
Porter's Analysis
Threat of new entrants: Low capital requirements but presence of major players creates barriers of economies of scale and brand loyalty.
Bargaining power of buyers: High degree of product differentiation makes switching costs high and buyers less price sensitive.
Bargaining power of suppliers:raw material suppliers have moderate bargaining position due to availability of substitute materials like PMMA and aluminum.
Threat of new substitutes: Technological advances like implants and bridges pose moderate threat but dentures are still more affordable for the masses.
Competitive rivalry: Intense as the market is dominated by few large players and competition is primarily based on product innovation, quality and customer service.
Geographical Regions
North America accounts for around 40% value share of the global market due to high edentulism rate and availability of favorable reimbursement policies.
Western Europe is another major revenue generating region in dentures market. Growing geriatric population suffering from oral health issues and improving access to dental care services are factors fueling the regional market growth.
Asia Pacific is poised to witness fastest growth during the forecast period of 2019-2029. Increasing healthcare expenditure of developing countries like India and China will encourage adoption of dentures for treatment of tooth loss.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
