The global orthodontic supplies market is projected to grow at a CAGR of 8.9% in the next five years
The global orthodontic supplies market is projected to reach USD 6.63 billion by 2023 from USD 4.32 billion in 2018, growing at a CAGR of 8.9% from 2018 to 2023. Key factors driving the growth of this market include the growing number of patients with malocclusions, jaw diseases, tooth decay/tooth loss, and jaw pain; expanding middleclass population in developing countries coupled with increasing disposable incomes; and ongoing research and technological advancements in orthodontic products. However, factors such as unfavorable reimbursement policies and limited insurance coverage for orthodontic treatments, the risks and complications associated with orthodontic treatments, and the high cost of advanced orthodontic treatments in some nations are restraining the growth of this market to a certain extent.
The removable braces segment is expected to grow at the fastest rate during the forecast period.
By product, the orthodontic supplies market is classified into fixed braces, removable brace, adhesives, and accessories headgear and retainer. In 2018, the fixed braces product segment accounted for the largest share of the market, however, the removable braces product segment is expected to grow at the highest CAGR during the forecast period. The growth of the removable braces segment can be attributed to the increasing demand for invisible braces among teens and adults due to their aesthetic appeal.
The adults segment is expected to grow at the highest CAGR during the forecast period.
By patient, the orthodontic supplies market is categorized into children and teenagers and adults. The adults segment is expected to witness the highest growth during the forecast period due to increasing demand for invisible braces among adults due to aesthetic concerns, huge adult population base, availability of advanced orthodontic products, and increasing disposable incomes.
Asia Pacific to witness the highest growth during the forecast period 20182023
North America is expected to hold the largest share of the global orthodontic supplies market in 2018, however, Asia Pacific is expected to grow at the fastest rate during the forecast period. Factors such as the rising disposable income of the middleclass population, increasing public and private efforts to increase awareness about orthodontic treatments, and rising healthcare expenditure are influencing the positive growth of the Asia Pacific orthodontic supplies market.
Breakup of primary participants was as mentioned below:
By Company Type Tier 133%, Tier 246% and Tier 321%
By Designation Director Level20%, Clevel26%, Others54%
By Region North America33%, Europe29%, Asia Pacific24%, RoW14%
Note: RoW includes Latin America and the Middle East Africa
Some of the major market players in the orthodontic supplies market are Align Technology, Inc. US, 3M Company US, and Danaher Corporation US, Henry Schien, Inc. US, DENTSPLY SIRONA, Inc. US, American Orthodontics US, Rocky Mountain Orthodontics US, GH 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.
Research Coverage:
This report studies the orthodontic supplies market based on product, patient, and region. The report also studies factors such as drivers, restraints, opportunities, and trends which affect market growth. It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for key players. The report forecasts the revenue of the market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The orthodontic supplies market report profiles key players who are involved in the manufacturing and commercialization of orthodontic products and analyzes their core competencies. The report also tracks and analyzes competitive developments in the market such as product launches and enhancements; mergers and acquisitions; partnerships and collaborations; and expansions.
Reasons to Buy the Report:
From an insight perspective, this research report focuses on various levels of analysis. It provides the market share analysis of the top players and company profiles, which together comprise and discuss basic views on the competitive landscape; emerging and highgrowth segments of the orthodontic supplies market; and highgrowth regions and their respective drivers, restraints, trends, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help players capture larger market shares. Firms purchasing the report could use any one or a combination of the belowmentioned strategies to strengthen their position in the market.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the top 15 players in the orthodontic supplies market. The report analyzes the orthodontic supplies market by product, patient, and region
Product Development/Innovation: Detailed insights on research and development activities and new product launches in the orthodontic supplies market
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various orthodontic products across five geographies North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
Competitive Assessment: Assessment of market shares, strategies, distribution networks, and manufacturing capabilities of the leading players in the orthodontic supplies market