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| Global Dental Veneers Market |
The global dental veneers market enjoys tremendous growth opportunities owing to the rising preference for aesthetic and restorative dental procedures among individuals worldwide. Dental veneers offer a durable solution for discolored, misshapen, chipped, or uneven teeth as they can dramatically improve their appearance without substantial removal of tooth structure.
The Global
Dental Veneers Market is estimated to be valued at US$ 2.36 Bn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period
from 2024 to 2031.
Key Takeaways
Key players operating in the global dental veneers market are Dentsply Sirona,
Kuraray America, Inc., Ivoclar Vivadent, SHOFU Dental GmbH, STOMADENT LLC.,
Dental Art Innovations, edelweiss dentistry products gmbh, MicroDental
Laboratories, 3M, Den-Mat Holdings, LLC, VITA Zahnfabrik, Ultradent, COLTENE
Group, Glidewell, Align Technology, Inc., da Vinci, and PLANMECA OY. The key
players are focusing on new product launches and strategic collaborations to
expand their share in the global market.
The growing demand for aesthetically appealing dental restorations is a major
factor driving the growth of the Global
Dental Veneers Market Trends Patients are increasingly opting for
high-quality restorative and cosmetic dental treatments to enhance their
smiles. This, along with the rising disposable income and awareness about
advanced dental care options, has boosted the sales of dental veneers across
geographies.
Advancements in materials science and technology have enabled the development
of durable veneers that replicate natural tooth appearance for long-lasting
solutions. Leading manufacturers are expanding their presence in developing
markets through tie-ups with regional and local players. The growing medical
tourism industry in countries like India and Hungary is also facilitating the
global expansion of the dental veneers market.
Market Key Trends
Porcelain veneers are currently the most popular material type owing to their
ability to seamlessly blend with the adjacent teeth. The introduction of
CAD/CAM systems has revolutionized the fabrication of precision-fitted and
customized porcelain veneers. The rising popularity of minimally invasive
dentistry has boosted the demand for ultra-thin veneers as an alternative to
traditional veneers and crowns. Leading players are focusing on developing new product
variants like Lumineers, veneers for primary teeth, andChairside veneers for
instant aesthetic smiles. Growing medical tourism, increasing spending on oral
healthcare, and rising focus on preventive dental care are some key trends
fueling the future growth prospects of the global dental veneers market.
Porter's
Analysis
Threat of new entrants: The threat of new entrants in the global dental veneers
market is moderate as it requires large investments and technological
capabilities to manufacture quality dental veneers. There is also a
well-established value chain of raw material suppliers, manufacturers and
distributors in this market.
Bargaining power of buyers: The bargaining power of buyers in the global dental
veneers market is moderate. Buyers have the option to choose from a wide range
of dental veneers from global as well as local manufacturers.
Bargaining power of suppliers: The bargaining power of suppliers is low to
moderate due to the availability of substitutes and dependence on a limited
number of raw material suppliers globally.
Threat of new substitutes: The threat of new substitutes is low as dental
veneers have characteristics and applications that are difficult to replicate
by alternative products.
Competitive rivalry: The global dental veneers market witnesses intense
competition due to the presence of numerous global and regional players.
Players compete based on product innovation, quality and price.
Geographical Regions
North America dominates the global dental veneers market in terms of value
owing to the availability of advanced technological facilities, rising
healthcare expenditure and growing demand for cosmetic dentistry.
Asia Pacific is expected to exhibit the fastest growth during the forecast
period due to improving healthcare infrastructure, increasing medical tourism,
rising disposable income and growing awareness about oral healthcare and
aesthetics. Countries such as China and India are likely to boost the Asia
Pacific dental veneers market.
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