The impending expansion of dental tourism is anticipated to openup the new avenue for Dentures Market

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The impending expansion of dental tourism is anticipated to openup the new avenue for Dentures Market
The Dentures Market is estimated to be valued at US$ 2975.19 Mn or 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 impending expansion of dental tourism is anticipated to openup the new avenue for Dentures Market

Market Overview:
Dentures refers to any dental prosthesis that replaces missing natural teeth and parts of adjacent tissues. There are two main types of dentures - removable and fixed. Removable dentures include complete or partial dentures which can be removed or inserted by the user. Fixed dentures are permanently attached to existing dentition. They are further classified into implant-supported fixed dentures and conventional fixed dentures. Dentures are commonly used in dental prosthetics and are made from acrylic or plastic materials. They help improve functionality, confidence, appearance and speech of patients.

Market Dynamics:
The dentures market is primarily driven by the high prevalence of edentulism globally. According to the National Institutes of Health (NIH), approximately 30 million Americans are missing all their upper or lower teeth. In addition, World Health Organization (WHO) estimates that around 3.9 billion people around the world have oral diseases and lack access to prevention and treatment. This represents a significant patient pool demanding dentures for replacement of missing teeth, thereby fueling market growth.

Another major driver is the growing trend of dental tourism in developing countries. Countries like India, Thailand, South Korea, Philippines and Mexico have become popular destinations for dental care and surgeries owing to affordable costs and advanced facilities. This is boosting the number of dental procedures including those requiring dentures. Moreover, rising awareness about oral health maintenance and increasing disposable incomes are also augmenting the demand for dentures worldwide.
Segment Analysis
The global Dentures market can be segmented based on product type and material type. The main product types in the dentures market include complete dentures and partial dentures. Among these, the partial dentures segment accounts for the largest market share owing to the high demand for partial dentures over complete dentures, as partial dentures have a more natural look and feel. In terms of material type, the market is dominated by the acrylic dentures segment due to their affordability and easy process of fabrication.

PEST Analysis
Political: The regulations around dental services are becoming more stringent regarding the safety and biocompatibility of denture material used. This is positively impacting the adoption of advanced denture material.
Economic: Rising disposable income in emerging economies is fueling the demand for cosmetic and aesthetically appealing dental solutions like dentures.
Social: Growing cultural acceptance of dental aesthetics is driving more people to opt for dentures for replacing missing or decayed teeth.
Technological: New technologies for digitization in dentistry like CAD/CAM systems are helping produce dentures faster and more accurately using 3D scanning and 3D printing, which is improving the dentures market.

Key Takeaways
The Global Dentures Market Demand
is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing geriatric population suffering from tooth loss issues. The global market size for dentures was valued at US$ 2975.19 Mn in 2023 and is projected to reach over US$ 4500 Mn by 2030.

Regional analysis North America dominates the global dentures market owing to advanced dental healthcare infrastructure and presence of leading players in the region. Asia Pacific exhibits the fastest growth in the adoption of dentures driven by large patient population and improving dental awareness in emerging countries like China and India.

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. These leading players are adopting strategies like new product launches, collaborations and acquisitions to strengthen their business presence and expand geographically.

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