The global dentures market was valued at $981.5 million in 2020 and is projected to reach $1,585.70 million by 2028, registering a CAGR of 6.5%.
Dentures Market Analysis:
Increasing prevalence of dental issues like tooth decay and toot loss among people, especially old age people is expected to drive the dentures market size growth in the forecast time period. Dental issues among people have increased at a rapid rate across the world owing to many factors such as lack of dental hygiene and unhealthy food eating habits. For instance, according to a research paper ‘Prevalence of Dental Caries, Periodontal Diseases, and Periapical Pathoses among Patients attending a Tertiary Dental Care Center in Central Gujarat: A Hospital-based Cross-sectional Study’, in 2016, approximately 60% to 65% of Indian population suffer from dental caries, every year. Dentures is widely preferred by healthcare professionals to replace missing set of teeth in the patients. Such factors are likely to flourish the dentures market share growth in the next few years.
However, high cost of the dentures and their high maintenance cost are likely to restrain dentures market size growth. Also, lack of reimbursement facilities for dentures in the developing countries is further likely to impede dentures market share growth in the next few years.
Due to growing demand for advanced and more reliable treatment options for dental diseases, many companies in the market have got opportunities to launch new dental care devices like dentures or false teeth in the market. For instance, according to a news published in Bio Spectrum, a global biology and healthcare news and articles channel, on November 25, 2020, GSK Consumer Healthcare, a global healthcare company, launched a new denture care brand named Polident in India. Polident is the global leader in denture care market and offers various high quality products to improve hygiene & oral health of denture wearers. Such factors are likely to boost the dentures market size growth in future.
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Dentures Market Segmentation
The dentures market is segmented based on product type, product implant, end-user, and region.
Product type:
The global dentures market by type is segmented into complete and partial dentures. The complete dentures sub-segment is predicted to have the highest revenue in the global market and register a revenue of $1,113.00 million during the forecast period. The growth is attributed to rapidly growing geriatric population and associated teeth loss with aging. Also, rising demand for healthy looking teeth set in entertainment and cosmetic industry is further likely to boost dentures market share growth in future.
Product Implant:
The global dentures market by product is segmented into fixed and removable dentures. Removable dentures sub-segment is anticipated to have the fastest market growth and generate a revenue of $1,248.30 million in 2028. The sub-segment growth is attributed to the growing demand for removable dentures among people with tooth loss issues as removable dentures are easy to wear and clean from time to time.
End-user
The global dentures market by end-user is segmented into hospitals and dental hospitals & clinics. The dental hospitals & clinics sub-segment is predicted to have the highest market share in the global market and register a revenue of $994.1 million during the forecast period. The sub-segment growth is due to the presence of large number of dental hospitals and clinics across the world. Also, patients prefer to visit dental hospitals for their treatment as they are equipped with all advanced medical devices and technologies for performing surgeries and treatments.
Region:
The Asia-Pacific dentures market is expected to observe fastest growth and register a revenue of $255.3 million in the predicted time span. The regional growth is attributed to presence of well-established medical device key players of the market and their constant effort to develop and launch new products. Also, growing prevalence of dental related issues such as dental caries and tooth decay among people due to lack of proper dental hygiene is further estimated to increase the market growth of dentures in the future.
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COVID-19 Impact on the Dentures Market
During the prevalence of COVID-19 pandemic, the dentures market observed a negative growth. Due to high rate of corona virus transmission, and fear of infection, many patients avoided their regular dental visits and health checkup. Also, due to growing number of infection cases, many private dental clinics were closed which further restricted normal patients with other disease to see any healthcare professional. These factors are likely to hamper the dentures market share growth in the pandemic time period.
Key Players in the Dentures Market
The companies involved in the dentures market are
- Dentsply Sirona Inc
- Coltene Holding AG
- Ivoclar Vivadent AG
- Modern Dental Group Ltd.
- Zimmer Biomet Holdings Inc.
- Thommen Medical AG
- GC dental
- Amann Girrbach AG
- Avadent Digital Dentures
- Straumann Group.
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