09 September 2022

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GVR: dental veneer market to surpass $4B

Katherine E. Pfaff

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The global market for dental veneers is forecast to attain a value of $4.3 billion, according to a report by market analysts, Grand View Research, Inc. The growth across the forecast period of 2022 to 2030 is projected at 8.3%. 

Growth was expected based on the increasing rates of oral health diseases and conditions as well as higher rates of disposable income and increase in interest in aesthetic dental treatments. During the COVID-19 pandemic, the dentistry industry was severely impacted and elective procedures or treatments were put on hold. 

Since that time, cosmetic dental care has been on the rise attributed in part to the increase in innovative techniques and materials that can be used to manage dental issues. At the same time, demand for dental veneers and similar treatments that can improve aesthetics have increased. Aging patients have also added to the demand for dental veneers.

In the 2021 market, the segment for porcelain veneers led the market by revenue at 59.5% share. Though the treatment is among the most costly, the treatment is expected to last about 20 years. However, composite veneers, which are less expensive, are expected to grow at the fastest rate in the forecast period. 

Also in 2021, the segment for end users included the forecast that dental clinics would garner the largest share of revenue. The growth is based on the high number of dental practices and clinics. 

By geographical segment, the largest share was linked to North America at 48.7% in 2021 based on advancements in technology. 

Source: https://www.prnewswire.com/news-releases/dental-veneers-market-worth-4-3-billion-by-2030-at-cagr-of-8-3---grand-view-research-inc-301611529.html