Global Dentures Market, By Product Type (Complete Dentures and Partial Dentures), By Manufacturing Process (Conventional Denture and 3D-Printed Denture), By Usage (Fixed and Removable), By End User (Hospitals, Dental Clinics, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 2.98 Billion in 2023, and is expected to exhibit a CAGR of 6.5% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Increasing oral health diseases such as cavities and gum disease are the leading factors for growth of the dentures market across the globe. The factors leading to oral health issue include unhealthy diet, tobacco use, excess alcohol consumption, and poor oral hygiene. For instance, according to the data published in January 2021, by Centers for Disease Control and Prevention, on average, 34 million school hours are lost each year because of unplanned (emergency) dental care, and over US$ 45 billion in U.S. resources is lost each year due to untreated dental disease.
Global Dentures Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems regarding transportation of things from one place to another.
Global dentures market, like many other sectors, had a negative impact due to COVID-19, which disrupted numerous industries. Healthcare organizations redirected most of their resources towards combating COVID-19, potentially hindering the dentures market's growth. The pandemic strained global healthcare systems, leading to the reorganization of clinics and hospitals to accommodate COVID-19 patients. According to the report published in February 2021 by Oral Health Group, there had been 46% decline in dentistry revenue and practice during the pandemic. Nevertheless, this is anticipated to be temporary, with expectations of market recovery in the future.
Global Dentures Market: Key Developments
In October 2022, Ivoclar, a company that provides integrated solutions for high-quality dental applications, launched the Ivotion Denture System, a groundbreaking system that introduced a complete digital workflow for making high-quality dentures from a single monolithic disc in just one milling cycle. This innovative system, which has won multiple awards, changed the way dentures are made for dentists and dental technicians.
On April 10, 2023, VITA Zahnfabrik, world's leading manufacturer of dental materials and Stratasys, an American-Israeli manufacturer of 3D printers, software, and materials announced that both companies plan to offer VITA’s certified tooth shades and prosthetic expertise within Stratasys’ TrueDent monolithic 3D-printed denture solutions. The combination would provide dental laboratories with an upgraded digital colour workflow, and promote higher efficiency in creating digital dental appliances.
In March 2020, Ivoclar Vivadent, a leading international dental company, launched Ivotion, a monolithic, single-disc milling solution, at the 2020 Chicago Midwinter Meeting. Ivotion is a single, bicolor disc that blends premium tooth and denture base materials. It offers a reliable, efficient, monolithic milling solution for digital laboratories.
On January 23, 2023, Ageless Dental, a full-service general dentistry, cosmetic dental, and orals surgery company signed agreement with American Development Partners, the developers of single-tenant rental properties, for the construction and leasing of up to 750 dental facilities over the next 10 years for US$ 2.25 billion. The development of each Ageless Dental facility is projected to require an estimated US$ 3 million in investment. There are announcements to construct two tenant buildings in collaboration with their sister company, Neuragenex, wherever it is deemed practical. This commitment to establish 750 units involves a capital outlay of US$2.25 billion. There is also the potential for an extra 250 units, and the associated investment for these is valued at US$ 750 million.
Browse 44 Market Data Tables and 33 Figures spread through 189 Pages and in-depth ToC on “Dentures Market”- Global Forecast to 2030, By Product Type (Complete Dentures and Partial Dentures), By Manufacturing Process (Conventional Denture and 3D-Printed Denture), by Usage (Fixed and Removable), By End User (Hospitals, Dental Clinics, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/dentures-market-4361
Key Takeaways of the Global Dentures Market:
- The global dentures market is expected to exhibit a CAGR of 6.5% over the forecast period, owing to increasing inorganic growth strategies such as joint venture. For instance, in September 2019, Modern Dental Group Limited, a dental solution company, announced joint venture with Peak Dental Solutions Hong Kong Ltd., a dental product manufacturing company, for its product distributions in the dental communities in Hong Kong and Macau.
- Among product type, partial dentures segment is estimated to account for the largest market share in 2021. The growth of the segment is attributed to increasing product launches.
- Key players operating in the global dentures market include 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.
