The Global Orthodontic Supplies Market accounted for USD 942.8 Million in 2017. The market is expected to reach USD 1232.2 million by 2022, growing at a CAGR of 5.5% during the forecast period.
The cosmetic industry is booming at present and people tend to undergo various procedures and therapies in order improve their appearance. Teenagers nowadays are availing a lot of such dental procedures, which include corrective measures such as braces and arch wires.
Drivers and Restraints
The increasing prevalence of dental and oral disorders, continuous advancements in technology, and the rising demand among teenagers to treat their dental malformations and disorders are expected to help the orthodontic supplies market grow. The presence of a high DMFT index in developing countries is also a market driver. The complications, however, that come during or after such procedures, and the poor reimbursement policies, are a hindrance to the market growth.
The market has a new key audience in the developing countries due to the increased demand for orthodontic procedures as well as the rising demand for invisible braces in teenagers.
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Global Orthodontic Supplies Market Segmentation
The Global Orthodontic Supplies Market is Segmented by the type of products into:
Fixed braces include various kinds of brackets (conventional, self-ligating, and lingual), archwires (beta titanium, nickel titanium, and stainless steel archwires), anchorage appliances (mini screws, bands, and buccal tubes), and ligatures (elastomeric and wire ligatures).
The global orthodontic supplies market is segmented by the type of patients into:
Children and teenagers
The fixed braces segment occupies the largest market share. Children and teenagers cover a major portion of the patient type segmentation. The market has been geographically segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America has the largest share, followed by Europe. This can be attributed to the higher per capita income and the presence of supporting funds for the dental industry. Asia-Pacific is expected to record the highest growth due to its large population base. The region is facing an increased number of orthodontic cases and with the rising awareness in people, the demand for orthodontic supplies is expected to boost.
Some of the largest players in the orthodontic supplies market are:
3M Unitek Corp.
Align Technology, Inc.
BioMers Pte Ltd.
DB Orthodontics Ltd.
Dentsply Sirona, Inc.
G&H Orthodontics, Inc.
Great Lakes Orthodontics, Ltd.
Ortho Organizers, Inc.
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Market analysis for the orthodontic supplies, with region-specific assessments and competition analysis.
Market definition along with the identification of key drivers, restraints opportunities and challenges.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with company profiles of key players with the analysis of their current strategic interests and key financial information.
Identification and analysis of the macro and micro factors that affect the global orthodontic supplies market.
Insights of the market in the regions that have the highest potential for growth and to also identify the markets that are still untapped.
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