The Prospect of Growing Geriatric Population to Boost the Growth of Dentures Market

 
Dentures Market

Market Overview:

Dentures are artificial teeth sets that are placed in the mouth of individuals who have lost some or all of their natural teeth. They are either partial dentures, which replace just a few missing teeth, or complete dentures, which are used when all teeth in an arch are missing. Completely removable acrylic dentures are the most inexpensive and widely used type of dentures. However, overdenture implants are also available which incorporate small titanium implants to provide better stability and retention for dentures. The growing geriatric population worldwide and increasing incidence of edentulism are key factors driving the growth of dentures market. Furthermore, growing aesthetic consciousness and rising disposable incomes in developing countries are expected to boost market growth over the forecast period.

Market key trends:
One of the key trends in the dentures market is the rising demand for dental implants and implant retained dentures. Dental implants provide stronger retention and support for dentures as compared to conventional dentures. They help improve chewing ability, speech, and self-confidence in edentulous patients. Various companies in the market are focusing on developing innovative implants technologies such as All-on-4 dental implants method, which helps place four dental implants and retain an entire upper or lower arch complete denture in only one dental visit. Furthermore, growing adoption of CAD/CAM technology for fabricating dentures is also gaining popularity. This technology helps produce highly accurate dentures in less time and reduces laboratory costs. The growing demand forcosmetic and customized dentures from both developed and emerging markets is expected to drive the dentures market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: The Global Dentures Market Demand requires high initial capital investments and strong distribution networks. This poses medium threat of new entrants.
Bargaining power of buyers: Individual buyers have low bargaining power as dentures market offers range of products at different price points. However, large healthcare institutions can negotiate on prices.
Bargaining power of suppliers: Global dentures market has medium consolidation with few large players controlling majority of market share. This gives suppliers moderate bargaining power.
Threat of new substitutes: Alternatives like implants and bridges pose low threat currently due to their high costs and complex procedures.
Competitive rivalry: Global dentures market witnesses high competition due to differentiation in pricing, innovation, and strong brand positioning by key players.

Key Takeaways
The global dentures market is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing prevalence of tooth loss globally. North America dominated the dentures market in 2023, owing to rising dental expenditure and presence of key players in the region.

The global dentures market size was valued at US$ 2975.19 Mn in 2023. The market is driven by rising geriatric population, increasing utilization of dental services, and growing awareness about oral health. Factors like growth of the dental tourism industry and adoption of customized 3D printed dentures will provide opportunities for market growth during the forecast period.

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. Dentsply Sirona dominates the global market, owing to its strong brand positioning and wide distribution network across different regions.

Read More:

https://www.dailyprbulletin.com/the-global-dentures-market-share-and-value-analysis/

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