(Health-NewsWire.Net, October 12, 2017 ) The Global Orthodontic Supplies Market is estimated to be growing from 3.21 billion in 2016 at a CAGR of 8.1%, to reach USD 4.75 billion by 2021.
The market is showcasing substantial growth potential in the mentioned period and will continue to show high CAGR in the future years with the recent developments in the medical sector.
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Orthodontia is the field of dentistry which involves dealing with abnormalities in the teeth or jaw. Orthodontic supplies include the devices, like braces, in order to align the teeth, rectify issues related to bite and fill gaps between teeth. Mostly, the main receivers of orthodontic supplies are kids, but there are braces for adults as well. In kids, orthodontic supplies may promote appropriate jaw growth which can assist in the proper growth of permanent teeth as properly aligned permanent teeth can avoid tooth issues later on.
Increasing pool of patients with jaw misalignment, tooth decay or loss, jaw pain, growing disposable income, rising awareness of consumers regarding advanced orthodontic technologies; and advancement in the orthodontic products technology are the major driving factors for the growth of the global market. However, unsuitable reimbursement scenarios, restricted insurance policies for orthodontic treatments, and complexities associated with such treatments are constraining the market growth.
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The Global Orthodontic Supplies market size is broadly categorized on the basis of Product into Fixed Supplies, Removable Supplies and Adhesives and on the basis of Patients into Children and Adolescents, and Adults. The Fixed braces market is sub-segmented into Brackets, Archwires, Anchorage Appliances and Ligatures. The Brackets market is further segmented into Conventional Brackets, Self-ligating Brackets, Lingual Brackets, Metal Brackets and Ceramic Brackets; the Archwires market into Nickel Titanium, Beta Titanium and Stainless Steel; the Anchorage Appliances market into Bands and Miniscrews; and the Ligatures market into Elastomeric Ligatures and Wire Ligatures. The fixed braces segment has the largest share in the global orthodontic supplies market as of 2016 owing to better affordability. On the basis of patients, the children and adolescents patient segment holds the largest share globally.
On the basis of region the global market is segmented into North America, Asia-Pacific, Europe, Latin America and Middle-East and Africa. North America is predicted to be leading the global orthodontic supplies market as of 2016, followed by Europe. But, the Asia-Pacific is expected to show the highest CAGR in the forecast period.
Some of the major competitors dominating the global Orthodontic Supplies market are Align Technology Inc, Danaher Corporation, Henry Schein Inc, DENTSPLY International Inc, Dentaurum GmbH & Co. KG, and TP Orthodontics Inc. are some of the other key players in this market.
Market Segmentation :
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