The Dentures Market is estimated to be valued at US$ 2975.19 Mn or in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dentures are artificial tooth replacements that are used for people who are missing some or all of their teeth. The two main types of dentures are - complete dentures, which replace all teeth in the upper or lower jaw, and partial dentures, which replace missing teeth and are attached to natural teeth or dental implants. Dentures help to restore proper chewing and speech functions. They also improve facial appearance and self-esteem. Various products available in the dentures market include complete dentures, partial dentures, overdentures and dental implant overdentures.
Market Dynamics:
Two major drivers contributing to the growth of dentures market are increasing prevalence of tooth loss and growing geriatric population. Tooth loss can occur due to various reasons such as gum disease, accidents, radiation therapy for head or neck cancer treatment or hereditary factors. According to WHO, around 3.5 billion people worldwide suffer from tooth decay of permanent teeth and around 230 million school children suffer from dental caries. This is expected to boost demand for dentures. Also, dental disorders increase with age. As life expectancy continues to rise globally, the geriatric population over 65 years of age is anticipated to reach 1.5 billion by 2050. This growing geriatric population base is more prone to tooth loss thereby driving sales of dentures. Some other factors such as rising dental tourism, increasing dental expenditure and technological advancements in dentistry will also support market growth over the forecast period. However, factors such as availability of alternative treatments like dental bridges and implants may hamper market growth to some extent.
Segment Analysis
The Dentures Market Growth is dominated by the complete dentures segment. Over 65% of the market share is attributed to complete dentures as they are generally more affordable than partial dentures as they restore the entire set of teeth together. Complete dentures are preferred for patients who have lost most or all of their natural teeth. The partial dentures segment holds around 35% market share and they are suitable for patients who have lost some teeth and want to restore functionality for selective areas. Partial dentures are more complicated to design and cost more as they must mesh and fit precisely with the remaining natural teeth.
PEST Analysis
Political: Regulations related to denture sterilization and material approvals vary across regions and countries. Stringent regulations ensure safe and high-quality dentures for patients.
Economic: The dentures market is impacted by rising disposable incomes, increasing dental tourism, and growing medical insurance coverage for dental services. However, recessions can negatively impact discretionary dental spending.
Social: With growing focus on aesthetics and appearance, many people opt for dentures for restoring tooth gaps and a youthful smile. However, social stigma still exists around complete denture usage.
Technological: Advancements in 3D printing, computer-aided design, and sophisticated polymers are improving denture quality, fit, reliability, and durability. New bio-compatible materials offer more natural looks and comfort.
Key Takeaways
The global dentures market is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period 2023 to 2030, due to increasing focus on dental aesthetics globally. The market size for 2023 is estimated to be US$ 2975.19 Mn.
Regional analysis: North America holds the largest share currently due to well-established healthcare systems and advanced dental technologies in countries like the USA. Asia Pacific is poised to grow the fastest in the forecast period led by China and India's large geriatric population and rapidly developing dental tourism industries.
Key players: Key players operating in the dentures market are Dentsply Sirona Inc., Ivoclar Vivadent Ag, GC America Inc., Kulzer GmbH (Mitsui Chemicals, Inc.), Modern Dental Group Limited, COLTENE Group, VITA Zahnfabrik, Amann Girrbach AG, Formlabs, DIO Corporation, Shofu Inc., and Lang Dental Manufacturing Company, Inc. These companies focus on continuous product innovations to manufacture customized, high-quality yet affordable dentures.
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