Denture Disinfectants Market Surges on the Back of Growing Edentulous Population as Opportunities Abound, Says Fact.MR
Moreover, the number of patients opting for implant supported overdentures are increasing exceptionally. For instance, 90% of edentulous people worldwide opt to have unanchored dentures and eventually want to upgrade to implant supported overdentures. Fact.MR in its newest study opines that these elements are expected to boost the growth of the global denture disinfectants market valued at US$ 300 Mn in 2019. The market is expected to exhibit a CAGR of 5% during the forecast period (2019 – 2029).
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Key Takeaways from Denture Disinfectants Market Study
Acceptance of effervescent denture disinfectants, awareness about oral health, improved product offerings and a larger population pool affected with edentulism are some of the key factors influencing the denture disinfectants market in developed countries.
Lack of effective oral health policy in several countries is negatively impacting the end-user decision to adopt denture disinfectants. To rework this problem, manufacturers are focusing on clinical trials and awareness programs to attract baby boomers and generation X through TV, print, and digital advertising.
Fact.MR reveals that Prestige Consumer Healthcare Inc. and GlaxoSmithKline plc. together hold a significant share of the consumable denture disinfectant market representing a strong brand presence.
Consumable denture disinfectants with added advantage such as portability and convenience over ultrasonic denture cleaners are expected to generate significant revenue.
According to Fact.MR, retail is expected to be the prominent distribution channel representing higher throughput during the forecast year.
“Companies are working on shelf placement strategy to increase the visibility of brands and grab eye level position. “Says the Fact Mr. Analyst.
Strategic Acquisitions by Key Players to Enhance Regional Presence
Companies in the denture disinfectants market are active in acquiring and expanding their product and services platforms. Many regional level players are acquired by global companies, leading to a more consolidated industry.
For instance, Colgate-Palmolive has made significant acquisitions since 2014 in Asia, the U.S. and China. In 2017, the company signed an agreement to acquire two skin care brands, PCA Skin and EltaMD to focus on high-margin oral care and personal care businesses.
In 2013, Colgate-Palmolive acquired SS Denture Disinfectants Pvt. Ltd., which currently operates as its fully-owned subsidiary. With these acquisitions, the company is focusing on business expansion in international markets.
In 2016, Prestige Consumer Healthcare Inc. completed the acquisition of DenTek, a manufacturer and distributor of specialty oral care products, in sync with the company’s strategy to grow its oral care and personal care business across international markets.
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The research study on denture disinfectants market by Fact.MR incorporates an unbiased assessment of key demand-driving factors and trends which have shaped the landscape of denture disinfectants over 2014 – 2018 and includes a detailed assessment of key parameters that are anticipated to exert influence over 2019 – 2029. Market statistics have been presented on the basis of product (ultrasonic denture cleaners, denture cleaning unit and consumables) and distribution channel (institutional sales, retail sales) across seven major regions.
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Fact.MR’s Domain Knowledge in Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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