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| Dentures Market Growth |
The global Dentures Market is estimated to be valued at US$ 2975.19 Mn 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 teeth and gums that replace missing teeth and are worn
in the mouth. They are an affordable and cost-effective alternative to dental
implants or bridges for people missing some or all of their teeth. Partial
dentures are used when some natural teeth remain, while complete dentures are
utilized when all teeth are missing. Dentures are made from acrylic resin or
various composites that closely resemble the color of gums. They help improve
chewing ability and speech. Dentures can restore confidence and improve
appearance compared to being without teeth.
Market key trends:
One of the key trends in the Dentures
Market Growth is the rising edentulous population globally. According
to the U.S. National Institutes of Health, about 145 million Americans are
missing all their teeth in one or both jaws. Growing number of elderlies across
the world are primary factor driving this trend. By 2030, approximately 1.5
billion people aged between 60-79 years are projected globally, according to
United Nations data. With advancing age comes higher risks of chronic
conditions affecting teeth and jaws. Another notable trend is technological
advancements in dentures materials and manufacturing processes. 3D printing and
CAD/CAM technologies are increasingly being adopted to fabricate dentures with
precise fitting and lifelike aesthetics. Resins infused with medical-grade
ceramics and memory polymers allow for superior strength, color stability, and
comfort in dentures.
Porter’s Analysis
Threat of new entrants: Low capital requirement but significant cost and time
associated with gaining brand recognition in this industry pose high barriers
for new entrants.
Bargaining power of buyers: Buyers have moderate bargaining power as dentures
market has several manufacturers with differentiated products. However, pricing
pressure exists from large retailers and pharmacy chains.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to
availability of substitute raw materials and outsourcing opportunities.
However, continuous innovation and customization by manufacturers keeps supplier
power in check.
Threat of new substitutes: Threat is moderate as various novel biomaterials and
3D printing-based solutions are emerging but need more clinical validation and
acceptance before replacing traditional dentures.
Competitive rivalry: High as the market has many global and regional players
competing on the basis of product quality, pricing, innovation, and brand
image. Focus is on manufacturing standards, design expertise, and servicing
network.
Key Takeaways
The global dentures market size is expected to exhibit a CAGR of 6.5% over the forecast period, due to increasing prevalence
of dental issues among geriatric population and rising awareness about advanced
denture solutions.
North America dominates the dentures market, owing to rising healthcare
expenditure and presence of major players in the region. However, Asia Pacific
is projected to witness the fastest growth during the analysis period owing to
growing medical tourism, rapidly improving healthcare infrastructure, and rising
dental issue burden in developing economies.
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. Major players are focusing on product portfolio expansion through mergers,
acquisitions, and partnerships for geographic expansion.