The Orthodontic Supplies Market is characterized by the presence of many global, regional, and local vendors. Developments in the healthcare industry and growing research and development make the Orthodontic Supplies market lucrative. To expand their reach and optimize their operational costs, the major players focus on obtaining regulatory authorizations from government agencies for their products and emphasize acquisitions and product launches to gain a substantial market share. The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reached across the globe with diverse product portfolios.
Companies such as Boehringer Ingelheim (Ingelheim am Rhein, Germany), Vetoquinol (Lure, France), Ceva Animal Health, LLC (Libourne, France), Chanelle Pharma (Galway, Ireland), Elanco (Indiana, US) dominate the Global Orthodontic Supplies Market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development.
Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base. One of the primary business strategies adopted by manufacturers in the global Orthodontic Supplies industry to benefit clients and expand the clear aligners market sector is to manufacture locally to reduce operating costs.
Henry Schein, Inc. (Henry Schein) is a provider of healthcare services & products and offers management solutions for office-based healthcare practitioners. The company provides dental implants, diagnostic tests, infection-control products, preventatives, aesthetics, impression materials, surgical products, X-ray products, vaccines, and other medical equipment. In addition, it is a provider of dental imaging software, repair, and financing services. Henry Schein operates through two business segments: healthcare distribution and technology. Value-added services include Practice Management Systems, Computer Hardware, Digital Sensors, Digital Diagnostics, Lab Communications, and Multi-site Solutions software.
With more than 3,400 field sales consultants (including equipment sales specialists), around 2,100 telesales agents, and more than 170 equipment sales and service centres worldwide, Henry Schein offers a sales and marketing strategy that is exceptionally integrated. It is active in 190 different nations worldwide. For instance, In April 2023, Henry Schein, Inc, (US) and the French company Biotech Dental Group (France) have formed a strategic alliance. As part of the transaction, Henry Schein, and Biotech Dental to offer a best-in-class, comprehensive set of orthodontic solutions to its combined customer base, including software, aligners, and traditional orthodontic appliances.
The COVID-19 outbreak is anticipated to have a negative impact on the growth of the orthodontics supplies market. Most of the clinics are not operating due to COVID-19 and the ongoing lockdowns in many countries. Most of the dental surgeries are either canceled or postponed avoiding the spread of COVID-19 virus.