Global Dentures Market, by Type (Complete Dentures and Partial Dentures), by Usage (Removable and Fixed), by End User (Dental Hospitals & Clinics, Dental Laboratories, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 2,472.1 million in 2020 and is expected to exhibit a CAGR of 6.5% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
Launch of new products is expected to drive the market growth
Key players operating in the global dentures market are developing novel products which is expected to boost the global dentures market growth. For instance, in August 2020, Ivoclar Vivadent AG, a dental company with a range of products and systems for dentists and dental technicians, launched Ivotion Denture System, a complete processing chain for the digital production of removable dentures. The system combines coordinated processing components with high-quality materials and perfected technologies to be manufactured in a single milling procedure.
Global Dentures Market – Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus disease (COVID-19) has resulted in over 75.11 million infected individuals worldwide as of December 20, 2020.
COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channel, and by its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of raw materials from one place to another.
Browse 38 Market Data Tables and 35 Figures spread through 195 Pages and in-depth TOC on “Dentures Market – by Type (Complete Dentures and Partial Dentures), by Usage (Removable and Fixed), by End User (Dental Hospitals & Clinics, Dental Laboratories, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027”
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Key players in the market are focusing on strategic partnerships to expand their business. For instance, in September 2019, Dentsply Sirona, a manufacturer of professional dental products and technologies and Carbon, a leading digital manufacturing company launched of Lucitone, a digital print denture workflow and material system, which is optimized for the Carbon M-Series printers. This partnership brought the first digitally produced dentures with Dentsply Sirona material and Crafted by Carbon.
Key Takeaways of the Global Dentures Market:
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