Dental Veneers Market Key Participants, Trends, and SWOT Analysis
Global
dental
veneers market is expected to grow at a significant CAGR in
the upcoming period as the scope and its applications are rising enormously
across the globe. Dental veneers are thin shells of composite resin or
porcelain that are custom made to fit over teeth, giving an attractive and
natural look to teeth and improve their appearance. They are used to improve
the appearance of the smile by treating mild tooth misalignment, cracks, worn
tooth, chips, discoloration, and gaps. The treatment for every patient is
custom designed to meet the unique needs. The bonding of dental veneers is done
using resin cement.
The
factors that are playing a major role in the growth of dental veneers market
are the rising demand from the end-users, effective cosmetic dentistry
treatment, growing population that is suffering from several dental problems,
and the rising awareness among consumers regarding the benefits of dental
veneers. However, the presence of alternatives may restrain overall market
growth in the years to come. Market is segmented based on type, application,
and region.
Porcelain
veneers, composite veneers, and other types could be explored in dental veneers
market in the forecast period. Porcelain veneers are made in the laboratory,
whereas composite veneers are manufactured by the dentist and are applied
directly to the teeth. Porcelain veneers sector accounted for the substantial
market share of dental veneers in 2017 and is estimated to lead the overall
market in the years to come. The reason could be, it preserves slightly
translucent and bright appearance of natural teeth and is long lasting in
comparison to composite.
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The
market could be categorized based on applications like a hospital, dental
clinic, dental institutions, and others that could be explored in the forecast
period. Dental clinic sector accounted for the substantial share of dental
veneers industry and is estimated to lead the overall market in the years to
come. The reason behind the overall market growth could be the growing patients
suffering from dental diseases.
Europe
accounted for the substantial market share of dental veneers and is estimated
to lead the overall market in the years to come. The reason behind the overall
market growth could be the growing aging population suffering from dental
problems, government initiative by funding oral healthcare, and the rising
acceptance of dental cosmetic treatments.
North
America and the Asia Pacific are also estimated to have a positive influence on
future growth. North America is the second largest region with significant
market share. However, Asia Pacific is estimated to grow at the highest CAGR in
the forecast period. The developing countries like India and China are the
major consumers of dental veneers in this region.
The
key players of dental veneers market are Unilever, Colgate-Palmolive, P&G,
Zimmer, DenMat, Planmeca Oy, Ultradent Products, Biolase, Ultradent Products,
Align Technology, Lion, A-Dec, Henkel, Sirona Dental Systems, and Trident.
These players are concentrating on inorganic growth to sustain themselves
amidst fierce competition.
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