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The global dentures market size is estimated to reach USD 3.82 billion by 2027 owing to the increasing number of dental issues worldwide and the advent of digital dentures. Dentures are artificial teeth and gums that are used for replacing those teeth that may be removed naturally or unnaturally. A recent report by Fortune Business Insights™ titled, “Dentures Market Size, Share & Industry Analysis, By Type (Complete and Partial), By Usage (Removable and Fixed), By End User (Dental Hospitals & Clinics, Dental Laboratories, and Others), and Regional Forecast, 2020-2027,” offers a qualitative and quantitative analysis of the market. As per the report, the value of the market was USD 2.33 billion in 2019 and will exhibit a CAGR of 6.4% between 2020 and 2027.
Carbon and AvaDent entered into Collaboration to Provide Validated Workflow for Digital Denture Solution
The advent of 3D printing in the dental community has not only proved to be successful but has also helped in earning high revenue for the overall dental department. A new and validated digital denture solution was launched by Carbon and AvaDent in September 2018. The latter is well-known for digital denture innovations. The CEO and President of AvaDent states, “This joint venture will offer design services to those dental professionals who opt for 3D printing in their workflows. This innovative technology will emerge as the leader of removable prosthetics and offer advanced dentists and improved patient care. This joint venture will help us align our strengths and shared mission to bring printing solutions to the dental industry.” Such innovations are anticipated to aid in the expansion of the market in the coming years.
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Increasing Popularity of CAD/CDM Technology will Add Impetus to Market
The increasing geriatric population and the rising prevalence of dental caries are the key factors promoting the dentures market growth. Besides this, the growing number of dental care systems and professionals are also expected to aid in the expansion of the market. Additionally, the increasing adoption of CAD/CAM technology (computer-aided design/computer-aided manufacturing), coupled with the government support to construct dental prostheses, namely, overdenture bridges, crowns, partial & full dentures, and other dental restorations are likely to create lucrative growth opportunities for the market in the coming years.
Mergers and Acquisition Strategies will Help Players Attain Remarkable Positions
Companies are engaging in expanding the businesses to all geographies for earning the lion’s share in the market. Apart from this, they are engaging in collaborative efforts such as joint ventures, mergers and acquisitions, contracts, and agreements for attracting high revenue in the market. They are also investing heavily in customized dentures for out-doing their competitors and gaining a competitive edge in the market in the coming years.
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Further Report Findings
The Global Market is segmented into:
Value (USD billion)