July 20, 2024
Dentures Market

Dentures Market Estimated To Witness High Growth Owing To Growing Geriatric Population

The 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.

The dentures market is gaining traction due to the growing geriatric population globally who are more susceptible to tooth loss problems. As per the National Institute of Dental and Craniofacial Research, about 36 million Americans are missing all of their teeth. Growing prevalence of dental disorders such as dental caries, periodontitis, and trauma is expected to drive the market growth over the forecast period.

Market Overview

The dentures market comprises products such as complete and partial dentures. Complete dentures are used when all teeth are missing from one dental arch, whereas partial dentures are used when some natural teeth remain in the dental arch. These dentures are made from materials such as acrylic, ceramic, others. They help improve appearance and ability to chew various food items.

Market Dynamics

Growing geriatric population: Rising geriatric population worldwide who is more prone to tooth loss issues is a major factor fueling the market growth. As per the United Nations, the aged population is projected to reach 1.5 billion by 2050 from 703 million in 2019.
Growing edentulism rate: Increasing incidence of tooth loss disorder known as edentulism is boosting the demand for dentures. As per the World Health Organization (WHO), nearly 30% of people aged 65-74 are edentulous. Such increasing prevalence of tooth loss drives the dentures market.

SWOT Analysis

Strength: Dentures provides patients with improved functionality and aesthetics. They can chew better and feel more confident. Manufacturing processes have improved quality and durability. Dentures are also more affordable compared to dental implants.

Weakness: Dentures are not a permanent solution and need to be replaced after several years of use as gums and bone recede over time. They also lack various sensory inputs compared to natural teeth. Wearers may also experience discomfort during speech and eating.

Opportunity: Advancements in materials and design allow for a more natural look, fit and feel. New adhesive technologies offer better retention without the use of messy pastes. The aging population will drive increased demand for denture solutions.

Threats: High costs of dental implants make them unaffordable for many. This stimulates growth of cheaper denture alternatives. However, implants continue gaining popularity due to their perceived greater benefits over traditional dentures.

Key Takeaways

The global Dentures Market Growth is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing prevalence of dental caries and periodontal diseases. Rising geriatric population also drives the need for denture solutions.

Regional analysis: North America dominates the dentures market currently. However, Asia Pacific is projected to experience the fastest growth owing to rapidly growing economies, rising healthcare standards, and huge patient bases in China and India.

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. They are focusing on new product launches and partnerships to strengthen their positions.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it