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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