Denture Adhesive Market is anticipated to grow at a CAGR of 6.01% exponentially to reach USD 2,424.3 Million during the forecast period 2022-2030.
The denture adhesive market is expected to gain a market value of USD 2,424.3 Million by 2030 at a CAGR of 6.1% from 2022-2030.
Denture adhesive is known as non-toxic but water-soluble material applied to gums. Also, the traditional adhesives are swapped for new denture adhesives. Denture adhesives have several benefits. It can keep dentures intact. Problems of dry mouth and denture slipping are preventable through dentures. Cosmetic density is gaining traction in many regions. It is another factor that boosts the growth of the denture adhesive market.
With the prevalence of oral diseases across the globe, the demand for dental restorations and cosmetic dentistry is increasing. The advancements in science and technology behind dental materials are expected to push the market far more over the forecast period. Moreover, according to the FDI World Dental Federation, dental caries is one of the most widespread oral diseases globally. It accounts for nearly 10% of the healthcare budget of most developed states. Thus, the high incidence of dental caries coupled with the need to curb healthcare costs is predicted to fuel the demand for preventive dentistry, thereby driving the market growth.
The impact of coronavirus is changing the dynamics of global markets. In the healthcare sector, front-line facilities for Covid-19 have massive demand. However, there was a weakening in denture adhesive during this period. The number of individuals visiting dental clinics is dropping during this period. The production of denture adhesive is slowing down in many areas.
The increasing awareness of oral hygiene is driving the demand for the market. In many countries, regular denture checkups are encouraged. The awareness about proper food to protect oral hygiene is high. The increasing intake of high sugar content foods is the primary cause of dental problems. It can lead to gum problems, tooth decay and cavities. The awareness about oral health is more in schools, educational institutes and offices. In many regions, there are free dental checkups for children and working adults. It encourages most of the population to give importance to dental health.
Also, it leads to more demand for the denture adhesive market. Further, the prevalence of the geriatric population is another driver for this market. Geriatric is a condition of dry mouth. With denture adhesive, this condition is manageable. The use of traditional denture procedures leads to more dryness. However, the denture adhesive prevents dryness of the mouth and is much more comfortable than other adhesives. All these factors increase the usage of denture adhesive in many regions. The ease and satisfaction of using denture adhesive are higher among users. All denture adhesive market key trends will lead to high profit rate.
The extreme oral disease such as periodontitis is increasing the growth opportunities for the market. For these conditions, the denture adhesive is more suitable than traditional adhesives. The prevalence of xerostomia and periodontitis provides more scope for denture adhesives. The production of the adhesives is expected to grow immensely due to these factors. Also, the investments in the research and development of denture adhesive are increasing.
Many countries are allocating millions of investments to the dental industry. It will open new development possibilities in the market. The development of advanced denture adhesive will increase the demand. Also, the market expansion rate will continually surge in the upcoming years. The advancements in the market will attract more end-users in the forecast period. All these factors will have a positive impact on the denture adhesive market. The overall growth opportunities for the market are promising.
The high cost of denture treatment is the restraining factor of the market. Today, dental treatments are getting expensive with every new development. Cosmetic dentistry is one of the expensive treatments in the industry. The demand for denture adhesives is high.
However, high costs can hamper the overall demand for this market. Further, the periodontist treatment is also higher. The high cost reduces the adoption rate of the market. Most of the population ignores dental treatment mainly due to high costs. It is a serious restraint in the market as it can have impacts on the revenue rate.
The alternative treatment for denture adhesive is high in the market. With high development in the dental industry, there are plenty of alternatives. Also, due to the high cost of denture adhesive customers are inclined to choose low-cost alternatives. It leads to plenty of inconsistencies in the market.
The alternatives in the denture industry are a challenge for this market. As per denture adhesive market forecast it hampers the growth. Also, the growth opportunities for the market keep reducing due to these factors. The entry of new alternatives can affect the revenue and profitability of the market.
The denture adhesive market growth trend is steady in the forecast period. The crucial drivers such as awareness about oral hygiene and treatments are driving the demand in this region. Further, the growth of the geriatric population is another factor driving the denture adhesive market growth. Need for advanced oral treatment is necessary for the dentistry industry. It is leading to more development opportunities for the market. Further, new advancements in the market will attract plenty of end-users during the forecast period. The high cost of denture treatment is a drawback in this market. Also, the growth of alternatives can have a declining effect on this market. However, the overall growth rate of the market is surging.
North America holds more than 31% of the denture adhesive market share. The availability of products to carry denture adhesive procedures is high in this region. Additionally, the presence of advanced technologies is another reason for immense market growth. The free dental programs in this region are higher. The government takes initiatives to offer free dental sealants programs. It creates more awareness about dental hygiene for children and adults. All these factors contribute to the high growth of the denture adhesive market in North America.
By dental adhesive market
The competency of the market is increasing due to the entry of new key players. There is going to be massive investments in the competitive landscape. North America and Europe are allocating billion-dollar investments for the market. Also, market acquisitions, partnerships and expansions are the key strategies of the competitive landscape.
The denture-adhesive market is fragmented into three major regions Asia Pacific, North America and Europe. The Asia Pacific will dominate the market. Also, North America leads the denture-adhesive market with the highest market shares. The awareness about dental hygiene and treatment is higher in this region. Also, there are constant technological advancements those tract moiré end users.
North America will witness the highest demand rate in the denture-adhesive market. Further, the growth rate is expected to be exceptional for the forecast period. Europe is another large denture adhesive market. The increasing use of denture adhesives in hospitals, clinics and institutes is driving more demand. The rate of dental-adhesive in this region is high. Asia Pacific region will witness the fastest growth of denture adhesives.
The key players of the denture-adhesive market are
|Market Size||USD 2,424.3 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Type of Ingredients, Application, Etching Technique and End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Abbott Laboratories, Valeant Pharmaceuticals International, Novartis AG, Janssen Biotech, Inc., Alkem Laboratories Limited, AbbVie, Inc., UCB Inc, Takeda Pharmaceutical Company Limited, Biogen Inc., Pfizer Inc., Allergan plc|
|Key Market Opportunities||Increasing dental tourism in emerging markets|
|Key Market Drivers||
Denture adhesives are adhesives used to hold dentures in place. Due to their sensitive placement, denture adhesives need to be completely nontoxic to humans.
The Denture Adhesive Market is expected to exhibit a strong 6% CAGR over the forecast period from 2016 to 2021.
The growing dental tourism industry in developing countries is likely to be a major driver for the Denture Adhesive Market.
The Americas is the global leader in the Denture Adhesive Market.
Leading players in the Denture Adhesive Market include Abbott, Novartis, and AbbVie, among others.