14 June 2022

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Dentures market to surpass $1,500M

Katherine E. Pfaff

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The global market for dentures is forecast to reach a value of $1,585.70 million by 2028, according to market analysts, Research Dive. The market is expected to grow by a CAGR of 6.5% across the forecast period in the report, 2021 to 2028. 

The primary growth driver in the market is expected to be the high and increasing rates of tooth decay in both young and older dental patients. Also bolstering the market, is the trend toward cosmetic dental options that improve smile aesthetics, and the advancing technologies in dentures, including computer aided design which lets companies create specialized dentures in shorter turnround time. 

 Among the segments in the market, partial dentures were expected to grow at the fastest rate, reaching a 2028 revenue of $472 million. The uptick in this segment is anticipated as it can be used to replace some missing teeth and at a faster turnaround and a lower cost compared to full dentures. 

The end-user segment likely to have the greatest share of the market revenue was forecast to be dental clinics and hospitals. The segment was projected to reach a 2028 value of $994.1 million. Like other aspects of the overall market, increased rates of dental disease, particularly in older patients, is driving up demand. In addition, there are a large number of dental care professionals who are able to perform dental surgery and place implants are highly accessible in dental clinics and hospitals.

Source: https://www.prnewswire.com/news-releases/global-dentures-market-estimated-to-hit-1-585-70-million-by-2028-and-grow-at-6-5-cagr-in-the-2021-2028-forecast-timeframe-170-pages--proclaimed-by-research-dive-301559885.html