According to the new market research report “Orthodontic Supplies Market by Product (Removable, Fixed Braces (Brackets (Self Ligating, Lingual), Archwire (Ni-Ti, Stainless Steel), Anchorage (Buccal Tube, Band), Ligature (Elastomeric, Wire)), Retainers), Patient, and Region – Global Forecast“, published by MarketsandMarkets™.
Revenue Growth Opportunities & Drivers:
Orthodontic Supplies Market is expected to reach USD 6.63 Billion by 2023 from USD 4.32 Billion in 2018, at a CAGR of 8.9%
Driver: Growing number of patients with malocclusions, jaw diseases, tooth decay/tooth loss, and jaw pain
Orthodontic products are used to straighten and align teeth, correct abnormal bite patterns, and close unsightly gaps. Orthodontic devices such as fixed and removable braces are widely adopted by people with malocclusions and jaw diseases.
With rapid growth in the number of people suffering from these conditions across the globe, the demand for orthodontic braces is expected to increase in the coming years. Studies show that there is a high prevalence of malocclusion and jaw deformities (such as cross bite, open bite, spacing problems, deep bite, crowding issues, and teeth rotation problems) across several regions. The prevalence of these dental conditions is also high in both adolescents as well as adults.
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Market Segmentation in-Detailed:-
On the basis of products, the market is categorized into fixed braces, removable braces/aligners, adhesives, and accessories. The fixed braces segment is expected to account for the largest share of the global market in 2018. Factors such as better affordability as compared to removable braces, effective outcomes, and the huge demand for these braces in emerging countries such as India, China, and Brazil are propelling growth in this segment.
On the basis of patients, the market is segmented into children and teenagers and adults. The adults patient segment is estimated to witness the highest growth during the forecast period. The growth in this segment is driven by the huge adult population base, growing concern of facial aesthetics, availability of advanced orthodontic products, such as aesthetic braces and invisible braces, and increasing disposable incomes in various parts of the world.
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Worldwide Geographical Segmentation in-detailed:
The Orthodontic Supplies therapy market is segmented into four regional segments, namely, North America, Europe, the Asia Pacific, and the Rest of the World. In 2018, the global orthodontic supplies market is expected to be dominated by North America, followed by Europe.
Leading Key Players in the Worldwide Industry:
The Major Players Operating in the Orthodontic Supplies Market are Align Technology, Inc. (US), 3M Company (US), and Danaher Corporation (US), Henry Schien, Inc. (US), American Orthodontics (US), DENTSPLY SIRONA, Inc. (US), Rocky Mountain Orthodontics (US), G&H Orthodontics (US), DENTAURUM GmbH & Co. (Germany).