Dental Veneers Market
Number of pages: 100 | Report Format: PDF | Published date: March 20, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 2.27 billion |
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Revenue Forecast in 2031 |
US$ 4.57 billion |
|
CAGR |
8.1% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments Covered |
Product Type, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global dental veneers market was valued at US$ 2.27 billion in 2022 and is expected to register a revenue CAGR of 8.1% to reach US$ 4.57 billion by 2031.
Dental Veneers Market Fundamentals
Dental veneers (also known as porcelain veneers or dental porcelain laminates) are wafer-thin, custom-made shells of tooth-colored materials that cover the front surface of teeth to improve the look. These shells are glued to the front of the teeth and can change the color, form, size, or length of the teeth. Dental veneers help to enhance a person’s teeth look. They can be useful for persons looking for a long-term solution to chronic aesthetic issues, particularly those that do not respond to conventional dental procedures, such as tooth whitening, braces, or retainers. During installation, a dentist will normally remove a small portion of enamel, the thin protective outer surface of the teeth. As a result, once the dentist places the veneers, they cannot be removed or replaced. They are usually made of ceramic or resin composite materials and are permanently attached to the teeth.
Veneers can repair many aesthetic issues, including chipped, cracked, discolored, or smaller-than-average teeth. Some people may only require one veneer when a tooth is broken or chipped, but many need five to eight veneers to get a uniform, symmetrical smile. The top eight front teeth are the most often veneered. Dental veneers require substantial preparation and are constantly made of porcelain or composite resin. On the other hand, no-prep veneers are available and require a different application procedure. When conventional dental veneers are applied, the tooth structure is often ground down, sometimes past the enamel. This allows for precise installation and is a permanent operation usually involving local anesthetic.
Since the 1980s, porcelain veneers have been widely employed for the conservative repair of unsightly anterior teeth. Many investigations have revealed that it has a good therapeutic performance, maintains suitable aesthetics with more patient satisfaction, and has less detrimental effects on gingiva and periodontium. Failure rates were generally low, with certain contributing factors, including suboptimal occlusion and articulation, considerable dental structure loss, incorrect usage of luting agents, and underprepared or unprepared teeth. Despite this, porcelain is thought to be more durable than direct composite veneers.
Many factors can influence the color of a dental veneer, including the color it is bonded with and the substance used to do it. A dentist must carefully analyze these parameters to ensure that a patient’s veneers complement the teeth surrounding them. They must also ensure that the veneer edges do not become discolored. Discoloration may occur if moisture is present during the sealing process. When veneers are not properly positioned, they can cause tooth decay as well as veneers chipping at the margins.
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Dental Veneers Market Dynamics
The rapid increase in demand for cosmetic dental operations substantially influences the need for dental procedures for aesthetic reasons. Traditional therapy uses surgical abilities to assist patients with their dental/oral issues. The media’s frequent coverage of radical makeovers suggests that the dentistry community fully accepts this new era of cosmetic dental operations. Dental professionals can provide aesthetically effective results by applying the aesthetic component of dentistry alongside technical expertise.
According to Cosmetic Surgery Solicitors, a leading cosmetic surgery firm in Brazil and the United States each completed 1.5 million cosmetic operations. Non-surgical operations were performed on more than three times as many persons in the United States as in Brazil, with 2.8 million cosmetic procedures performed compared to 769,000 in Brazil. ISAPS’s annual study shows that non-invasive therapies will rise by 10.2% globally in 2020. The different deals and discounts made by dentists may help the dental veneers industry climb the growth ladder.
Governments and corporations have launched several measures to combat oral illnesses. For instance, the Indian Dental Association’s National Oral Health Initiative aims to improve oral healthcare by distributing general and oral health services cooperatively and equitably and coordinating with the public and commercial sectors. Such efforts assist in raising awareness, which in turn helps to drive demand for dental equipment and supplies. Smile repair and presence enhancements have grown in significance. The baby boomer generation is becoming a larger consumer of cosmetic dentistry.
The availability of novel biomaterials and procedures has led to the development of newer approaches to treating dental problems. The cutting-edge procedures are gentle on fragile oral tissues. Aesthetic dentistry has changed patients’ attitudes toward dental care. Cosmetic procedures, such as dental veneers, are becoming increasingly popular as people realize they are painless and provide good outcomes. The pursuit of a superior face look has become synonymous with cosmetic surgery. As a result, the demand for dental veneers is rapidly increasing.
The American Dental Association (ADA) recommended deferring elective dental operations during the COVID-19 pandemic. According to the ADA, oral examinations, basic cleaning, aesthetic dental operations, radiography, and other orthodontic treatments had to be postponed. According to the ADA’s Health Policy Institute, dental services were halted due to the pandemic.
The market revenue growth is likely hampered by the high cost of dental imaging technology, the scarcity of insurance coverage for aesthetic treatments, and the higher risks and difficulties associated with orthodontic and dental bridge procedures.
Dental Veneers Market Ecosystem
The global dental veneers market has been analyzed from three perspectives: product type, end user, and region.
Dental Veneers Market by Product Type
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Based on product type, the global dental veneers market has been segmented into porcelain veneers, composite veneers, and others.
The porcelain veneers segment will likely dominate the market during the forecast period. Porcelain veneers are strong caps put on teeth to improve their appearance. They are more expensive than the other types of veneers. They can, however, live for a longer period. Thus, porcelain is widely used due to its durability. Porcelain veneers are thin, durable caps placed on the front and sides of teeth to improve their look. Porcelain veneers are often made of composite ceramic, which provides the teeth with a natural look.
The composite veneers segment is expected to show the fastest revenue growth during the forecast period. This segment is further sub-segmented into three types based on their crafting: direct, indirect, and created veneers. They are made of amalgamated resin components connected to the tooth’s front surface. Direct composite veneers are made by surgeons during operations and are glued directly to the teeth, whereas indirect composite veneers are created in dental labs. Because indirect composite veneers are made in laboratories, lab assistants can utilize more stiff plastic to make it far more durable than typical, giving it the appearance and feel of porcelain veneers. Incorporating artificial intelligence into cosmetic dentistry has also changed how treatments are delivered by allowing real-time impressions to be created quickly.
Dental Veneers Market by End User
Based on end user, the global dental veneers market has been segmented into hospitals, dental clinics, and others.
The dental clinic segment will likely dominate the market during the forecast period. Globally, the number of independent solo dentistry clinics or practices is growing. Most patients choose to visit independent dentist clinics rather than dental facilities. Independent consulting clinics are likely to develop in the next years since they are cost-effective, have sophisticated dental technology, and specialists are immediately accessible with little waiting time.
Dental Veneers Market by Region
Based on region, the global dental veneers market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America leads the market with the majority of revenue owing to the growing geriatric population. According to the American Academy of Cosmetic Dentistry survey, the age range of 40-49 accounts for 26.88% of aesthetic patients, followed by the 50+ group with 25.09%. According to reports, 71% of patients seeking cosmetic dentistry are female. Because of the excellent technology employed by dental specialists, the region’s popularity of cosmetic dental treatment is particularly high. Due to the shorter treatment duration, the market is rapidly increasing.
The market in Asia Pacific is expected to grow a significant revenue CAGR during the projected period, due to rising medical tourism, growing oral health awareness, and increasing R&D efforts. With the availability of new medical equipment, the medical care infrastructure in the Asia Pacific is growing. Due to an increase in service costs, a rise in the prevalence of dental infections, an improvement in discretionary cash flow, and growth in public awareness of dental issues in South Asia, the demand for dental veneers is expected to grow relatively quickly in terms of revenue growth during the forecast period. As a result, developing countries, such as India and China, are expected to grow in the coming years.
Dental Veneers Market Competitive Landscape
The major players are launching various activities to increase their market position. Several businesses are concentrating on the introduction of new items. Moreover, mergers, acquisitions, partnerships, and collaborations among corporations are popular techniques used by market participants.
The prominent players in the global dental veneers market include:
Dental Veneers Market Strategic Developments
Asia Pacific is the key revenue growth region in the global dental veneers market.
The rapidly increasing demand for cosmetic procedures in dentistry, the rising prevalence of dental ailments, and the growing demand for restorative dental procedures are prime driving factors for the market revenue growth.
The dental veneer industry is expected to be valued at 4.57 billion by 2031.
The dental veneers market is expected to register a revenue CAGR of 8.1% during the forecast period.
The porcelain veneers segment leads the global dental veneers market.
*Insights on financial performance are subject to the availability of information in the public domain