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(Health-NewsWire.Net, July 25, 2020 ) The major factors driving the growth of the orthodontic supplies market include the growing number of patients with malocclusions, and jaw disorders; increasing disposable incomes and the expanding middle-class population in developing countries; increasing awareness about the availability of advanced orthodontic treatments; and ongoing research and technological advancements related to orthodontic products.
How the Market Growth looks like and Industry Segmentation?
The Global Orthodontic Supplies Market is expected to reach USD 6.63 billion, growing at a CAGR of 8.9%
The orthodontic supplies market is segmented on the basis of products into fixed braces, removable braces, adhesives, and accessories. The fixed braces products segment is expected to command the largest share of the global orthodontic supplies market in 2018. Factors such as affordability (compared to removable braces), increasing adoption of fixed braces among adolescents as well as adults, effective outcomes, and the huge demand for these braces in emerging countries such as India, China, and Brazil are propelling growth in this segment.
By patient, the market is segmented into children and teenagers and adults. The children and teenagers patient segment is expected to account for the largest share of the orthodontic supplies market in 2018. The large market share of this segment can be attributed to the high prevalence of malocclusions and jaw disorders coupled with the increased adoption of fixed braces among adolescent children and teenagers.
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Recent Developments:
- In 2018, 3M and 3Shape (US) entered into partnership to provide advanced orthodontic products integrated with 3Shape’s digital services and solutions
- In 2017, DENTSPLY SIRONA introduced its new product - the BioForce PLUS archwires.
- In 2017, Align Technology introduced clear aligner, Invisalign Teen with mandibular advancement, for Class II correction. The newly launched product helped the company to broaden its product offerings in the orthodontic supplies market
- In 2017, Align Technology acquired Align Technology Do Brasil LTDA (Brazil) to focus on direct commercialization and marketing of its products and to cater to the operational needs of doctors and potential patients in Brazil
Major Market Growth Drivers:
- Growing Number of Patients With Malocclusions, Jaw Diseases, Tooth Decay/Tooth Loss, and Jaw Pain
- Increasing Disposable Incomes and Expanding Middle-Class Population in Developing Countries
- Increasing Awareness About Advanced Orthodontic Treatments
- Ongoing Research and Technological Advancements in Orthodontic Products
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Geographical Regions Mapped in Report:
Geographically, the market is segmented into North America (the US and Canada), Europe (Germany, the UK, France, and the Rest of Europe), Asia Pacific (Japan, China, India, and the Rest of APAC), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East and Africa. North America is expected to account for the largest share of the global orthodontic supplies market in 2018. The dominant share of North America can be accounted to the growing acceptance of orthodontic treatment among children as well as adults, rising per capita disposable income, growing focus on appearance enhancement and aesthetics, and the presence of major orthodontic product manufacturers in North America.
Major Key Players Mapped in Research Report:
The major players operating in the orthodontic supplies market include Align Technology, Inc. (US), 3M Company (US), Danaher Corporation (US), Henry Schien, Inc. (US), DENTSPLY SIRONA, Inc. (US), American Orthodontics (US), Rocky Mountain Orthodontics (US), G&H Orthodontics (US), DENTAURUM GmbH & Co. (Germany), TP Orthodontics, Inc. (US), ClearCorrect (a subsidiary of Straumann Holding AG, Switzerland), Ultradent Products, Inc. (US), Great Lakes Orthodontics, Ltd. (US), DB Orthodontics (UK), and Dental Morelli Ltda. (Brazil), among others.
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Mr. Aashish Mehra
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raviraj.tak@marketsandmarkets.com
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