The market size of the Orthodontics Market is valued at USD 5,285.10 Million in 2021 and is projected to reach a value of USD 13,213.30 Million by 2028 at a Compound Annual Growth Rate (CAGR) of 16.5% over the forecast period. Orthodontics is a field in dental science that specializes in the diagnosis, prevention, and correction of mal-positioned teeth and jaws, and misaligned bite patterns.
The growing demand to maintain good dental hygiene and oral health is increasing, which will drive the market for Orthodontics procedures rapidly in coming years. Along with this, increasing incidence of malocclusion, raise in common dental diseases, the elderly population’s increased use of dental care and rising demand for cosmetic dentistry operations will fuel the growth of market in the forthcoming years. The implementation and development of latest imaging technology, usage of technology and oral healthcare in the endodontics and Orthodontics industry and treatment planning software are anticipated to increase the number and quality of Orthodontics treatments which in turn will contribute in the growth of market in future. Moreover, the demand for Orthodontics treatment is also increasing due to the aesthetic appeal that this treatment option offers and the treatment being considered as minimally invasive in nature ensuring safety will boost the market growth in the forecast period. With technological developments like 3D printing technology, that is used to create personalized dental devices, use of advanced imaging technology in oral healthcare and treatment planning software in the Orthodontics industry, these developments are expected to drive the market in upcoming years.
Based on Product type, Supplies is Growing at a Significant Rate
The supplies category in the product type segment is anticipated to witness rapid growth due to braces, which help improve the ability to chew food, speech impairment mitigation, ease of cleaning/brushing, decreased periodontal disease & cavities, decrease teeth chipping & grinding, and reduced injury risk from protruding teeth.
The removable braces category is estimated to grow at the substantial CAGR during the forecast period. The large share and high growth rate are mainly due to the growing adoption of invisible braces in developed countries and a growing number of Orthodontics treatments in emerging countries. Along with this, a decrease in cost of clear aligner is further expected to drive the adoption of removable braces, especially in emerging countries
The Targeted Expertise in Dental Clinics Boost Orthodontics Market
Dental clinics provide expertise and possess a wide range of technologically advanced instruments and consumables for carrying out any Orthodontics procedure and meet various consumer demands. The technological advancements in dental clinics for treatment procedures for better oral disease diagnosis is responsible for a high segment share in the market. Also, a rise in private practices carried out by orthodontists is causing of the high market share of dental clinics in Orthodontics Market. Endodontic and Orthodontics solutions are becoming more popular as a result, improved result and advance technology in the field of dental restorations along with increased patient flow to dental clinics and laboratories.
North America Region Dominates the Global Orthodontics Market
The North America region is expected to develop in the projected duration because of elements consisting of rise within side the U.S. population, especially the elderly, tremendous technical improvements in dentistry, and accelerated coverage insurance through third-celebration companies.
Asia-Pacific region is predicted to develop at a fast rate because of elements like improving financial conditions, technological improvements in clinical sciences, an increase in the wide variety of low-priced dental services, an excessive percentage of the younger population, developing incidence of malocclusion, and an incremental emergence of dental exercise in the region.
The increase for the European Orthodontics Market is due to the upward thrust with inside the ageing population and growing incidences of oral illnesses including dental caries, periodontal illnesses, teeth decay, and malocclusion. The oral illnesses are growing because of the lack of right oral hygiene and tobacco use will boost the growth of market in future.
The Middle East and Africa marketplace is displaying capable increase during the forecast period. Orthodontics treatments are increasing because of the aesthetic appearance in addition to the treatment being taken into consideration as minimally invasive in nature which has fueled the growth of Middle East & Africa Orthodontics supplies marketplace.
Competitive Landscape:
In the Global Orthodontics Market, key players are adopting different strategies such as product development, mergers & acquisitions, partnerships, collaborations, and others. Some of the major key players in the market are DB Orthodontics, G&H Orthodontics, Henry Schein Inc., Danaher Corporation, 3M, Unitek, Align Technology Inc., Rocky Mountain Orthodontics, American Orthodontics, and DENTSPLY International
Orthodontics Market is Segmented as Follows:
Post time: Feb-27-2023