“The orthodontics market is expected to grow significantly during the forecast period, owing to surge in dental tourism. As dental treatment is expensive in developed countries, patients opt for dental treatment in countries such as India, Philippines, Thailand, Mexico, Turkey, Poland, and Costa Rica, which provide low-cost, affordable, and quality treatment”
The report study provides extensive competitive analysis and profiles of key market players such as 3M Company, Align Technology, Inc., American Orthodontics, Danaher Corporation, Dentaurum GmbH & Co. KG, DENTSPLY International, Inc., G&H Orthodontics, Inc., Henry Schein, Inc., Rocky Mountain Orthodontics, Inc., and TP Orthodontics, Inc. The other players in the value chain (not included in the report) include TOC Dental, Lancer Orthodontics, DB Orthodontics, and Ostertag Orthodontics LLC.
The Global Orthodontics Market was valued at $1,493 million in 2016 and is estimated to reach $2,597 million by 2023, registering a CAGR of 8.2% from 2017 to 2023. Orthodontics is a form of dental treatment, which is used to improve the alignment, appearance, and improvement of protruding, crowded, or crooked teeth, and to correct problems associated with the bite of the teeth.
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Increase in aging population and surge in prevalence of dental diseases boost the growth of the global orthodontics market. Furthermore, rise in awareness towards oral hygiene & dental aesthetics and surge in dental tourism drive the market growth. However, limited reimbursement policies associated with orthodontics and risks associated with orthodontic procedures impede the market growth. On the contrary, untapped potential of the emerging markets is anticipated to provide lucrative opportunities to the key players operating in the industry.
Orthodontics is a form of dental treatment opted to treat malocclusion and improper teeth & jaw positioning. Crowded, protruded, and crooked teeth along with problems associated with the bite of the teeth can be treated using orthodontics. A pleasing smile and properly positioned teeth are some of the benefits associated with orthodontics treatment.
The orthodontics market is anticipated to grow considerably in the near future, owing to different factors such as rise in prevalence of dental diseases & malocclusions, a surge in geriatric population who are prone to tooth loss, increase in awareness towards oral health, and rise in dental tourism. However, risks associated with orthodontics and limited reimbursement policies are expected to restrain market growth. On the contrary, the huge untapped market potential in the emerging countries, such as China and India, and high adoption of orthodontic procedures are expected to provide lucrative opportunities to the market players
By type, the brackets segment accounted for the maximum share of the global orthodontics market in 2016 and is projected to exhibit prominent growth rate, owing to the high applicability and demand for brackets in various orthodontic treatments. The upsurge in prevalence of musculoskeletal disorders & diseases drives the growth of the orthodontics market for brackets.
In the orthodontics market, the adults segment occupied more than three-fifths share of the in 2016, highest amongst all age groups, and is anticipated to continue this trend, due to rise in prevalence of malocclusion in adults. By region, North America generated the highest revenue in the global orthodontics market in 2016.
Key Findings of the Orthodontics Market:
- Brackets accounted for more than three-fourths share of the orthodontics market in 2016.
- The adult’s segment is anticipated to grow with the highest CAGR throughout the forecast period.
- North America accounted for more than two-fifths share of the global orthodontics market in 2016.
- The Asia-Pacific region is anticipated to grow at the highest rate in the orthodontics market during the analysis period.
Rise in focus of vendors on emerging markets, such as Asia-Pacific and LAMEA, is expected to boost the market growth. LAMEA is projected to witness significant growth in the near future, owing to increase in incidence of dental disorders, rise in geriatric population, and government support to spread awareness about oral hygiene. Moreover, high demand for improving aesthetic appearance and surge in awareness about orthodontics supplies are expected to propel the market growth.
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