From 2022 to 2027, worldwide demand for dental braces is projected to increase at a CAGR of 6.7%. At present, the global dental braces market accounts for a revenue of US$ 3.85 billion and is estimated to reach US$ 5.7 billion by the end of 2027.
Increasing focus on aesthetic awareness has led to rising demand for products that help consumers achieve that aesthetically pleasing look. Dental braces are used for this very purpose as they help in aligning the teeth and straightening them. Rising incidence of jaw disorders and malocclusion has also led to increased adoption of dental braces and is expected to drive substantial market growth over the coming years. Increasing awareness about dental hygiene is expected to further boost demand for dental braces over the coming years.
Dental brackets are defined as the devices used in Dental Braces to align and straighten the teeth. They act as handles to hold the arch wires and move the teeth. They are available in different sizes, shape, and forms. Growth in prevalence of musculoskeletal disorders & diseases and availability of orthopedic braces through e-commerce drive the Dental Braces market growth for Dental Braces brackets. Brackets are available in two types, fixed brackets and removable brackets.
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Dental brace manufacturers are focusing on expanding their business scope across geographies to increase their revenue generation capacity. Dental brace suppliers are also launching new products and expanding their product portfolios to bolster their stance in this competitive space.
- In February 2022, OraPharma, Bausch Health Companies Inc.’s oral healthcare business announced the launch of its new OraFit™ custom clear aligner system in the United States. It is a new aligner system that utilizes high-performance materials to correct malocclusions.
Key Takeaways from Market Study
- The global dental braces market is valued at US$ 3.85 billion in 2022.
- From 2022 to 2027, the dental braces market is anticipated to expand at a CAGR of 6.7%.
- Increasing focus on aesthetic appearance, rising availability of a wide variety of dental braces, increasing disposable income, and rising incidence of malocclusion are prime factors that will drive dental braces market growth through 2032.
- However, lack of reimbursement for dental products and procedures due to limited insurance coverage is anticipated to slow down dental brace sales.
- The China dental braces market is slated to reach US$ 1 billion by the end of 2027 while expanding at an impressive CAGR of 10%.
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The increase in oral disorders worldwide boosts the growth of Dental Braces market. In addition, increase in sedentary lifestyle and consumption of tobacco, drive the growth of the market. The tobacco consuming habit of people in underdeveloped countries, is more prone to dental disease. For instance, according to World Health Organization (WHO), it is estimated that oral diseases affect nearly 3.5 billion population in 2020.
Dental brace manufacturers are expected to employ various strategies such as partnerships, mergers, collaborations, and acquisitions to strengthen their foothold in the global marketplace over the years to come.
Increasing focus on dental health and oral hygiene is expected to provide a lucrative setting for dental brace manufacturers and will help them advance their sales potential across the forecast period.
Fact.MR, a market research and competitive intelligence provider, has compiled a detailed assessment of the competitive landscape in this new dental braces market study.
Competitive Landscape :
Dental brace providers are focusing on launching new products to expand their product portfolio and advance their revenue generation potential. Dental brace companies are expected to focus on the integration of new technologies to create novel products.
- In September 2021, Rejove Clinique, a renowned name in the healthcare industry, announced the launch of Rejove Aligners. The new clear dental aligners are available for the dental treatment of people across various age groups.
- In June 2021, DentalMonitoring, a leading dental virtual solution provider, announced the launch of AI-based virtual monitoring solutions for all aligners and braces of all brands.
Key Segments Covered in Dental Braces Industry Research
- By Product Type:
- Metal Braces/Traditional Braces
- Ceramic Braces
- By Position :
- External Braces
- Lingual Braces
- By End User:
- By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global dental braces market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2027.
The study divulges essential insights on the market on the basis of product type (metal braces/traditional braces, ceramic braces, invisalign), position (external braces, lingual braces), and end user (children, teenagers, adults), across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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