ID: MRFR/HC/5895-HCR | 90 Pages | Published By Kinjoll Dey on March 2023
The global orthodontic supplies market size is projected to reach USD 5.12 billion at a CAGR of 8% during the forecast period 2022-2030
$5.12 Billion
8%
North America
2022-2030
Orthodontic Supplies Market overview
It is expected that the Orthodontic Supplies Market will have a value of USD 5.12 billion by 2030 to grow at a CAGR of 8% during the forecast period 2022-2030. Orthodontics is a treatment that deals with improving the alignment and assignment of crooked and protruding teeth and correcting problems with the bite of the teeth. People have been using this treatment for years to treat the misalignment of the teeth. Several braces are available, and invisible beaches are a popular choice for adults dreaming of the perfect lined teeth. The treatment includes dental displacement, modification of facial growth with aesthetic ceramic materials, and stainless steel braces. There are several needs for orthodontic supplies. Sports injuries and road accidents are some reasons for using this treatment, which increases orthopaedic supplies. The rising key players are one of the major factors for the market. Several other growth factors are also there that impact the market size. The factors include increasing awareness about advanced treatments, technological advancements, the growing popularity of dental tourism, and growing disposable income are the major factors for the market growth.
Segmentation
The global orthodontic supplies market is segmented based on product, patient, end user, and region.
The global market for orthodontic supplies, by product is segmented into fixed braces, removable braces, adhesives, and accessories.The fixed braces segment is further classified as brackets, archwires, anchorage appliances, and ligatures. The brackets segment includes conventional brackets, self-ligating brackets, and lingual brackets. The archwires segment includes beta titanium archwires, nickel titanium archwires, and stainless steel archwires. The anchorage appliances segment includes bands and buccal tubes, and miniscrews. The ligatures segment includes elastomeric ligatures, and wire ligatures.
Based on patient type, the orthodontic supplies market is segmented into children and teenagers, and adults.
Based on end user, the orthodontic supplies market is segmented into hospitals, clinics, and others.
In the current scope of the study, the above-mentioned segments are covered into the four global regions, namely the Americas, Europe, Asia-Pacific and the Middle East & African region.
The orthodontic supplies market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European orthodontic supplies market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.ย The orthodontic supplies global market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The orthodontic supplies market in the Middle East & Africa has been segmented into the Middle East and Africa.
Regional Market Summary
The Americas dominated the global market for orthodontic supplies owing to the presence of major market players, and improvement in the reimbursement scenario within the region. According to the orthodontic services billing guide suggested by Washington State Healthcare Authority in 2018, orthodontic treatment and orthodontic-related services coverage are provided for severe malocclusions cases. It is also reported that only patients with age 20 and younger can avail coverage for such services.
In 2017, it was estimated that Europe stood second in the orthodontic supplies globalย market. This can be attributed to the increasing technological advancements, and rising research and development investments.
Asia Pacific was projected to be the fastest growing region in 2017. Increasing awareness about dental tourism drives the regional markets of the Asia Pacific region. Due to low prices for dental care, Thailand is becoming a trending location for dental tourism among the international dental tourists. For instance, dental veneers can cost around USD 1800 in the US with the same procedure costing about USD 250 in Thailand.
On the other hand, the Middle East and Africa held least share in the global orthodontic supplies market due to the low economic development, especially within the African region.
Research Methodology
Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analysing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.
Extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the Orthodontic Supplies. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization of chemical manufacturers, some paid databases, and many others.Recent Development
April 2022
The team members and patients at Simply Dental Management and its affiliate practices have been fortunate to experience the power of a smile. They launched their 22 in 2022 Initiative earlier this year, and the goal was simple. Simply Dental Management would sponsor or work with deserving charities or organisations that need the help of a network of 40 dental practices, 300 team members, and 64,000 patients.
The incoming president of the VCU Student Chapter of the American Dental Hygienists Association (SCADA) was not something Samantha Smith had in mind when she was accepted into the Dental Hygiene program at VCU School of Dentistry in 2020.
ย Intended Audience
Segmentation and Key Players
Orthodontic Supplies Market, by Product
Orthodontic Supplies Market, by Patient
Orthodontic Supplies Market, by End User
Orthodontic Supplies Global Market, by Key Players
Report Attribute/Metric | Details |
---|---|
Market Size | USD 5.12 Billion |
CAGR | 8% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product, Patient, End user |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | 3M, Align Technology, American Orthodontics, Danaher, DB Orthodontics, Dental Morelli, Dentaurum, Dentsply Sirona, G&H Orthodontics, Great Lakes Orthodontics, Henry Schein, Rocky Mountain Orthodontics, Straumann Holding AG, TP Orthodontics, Ultradent Products |
Key Market Opportunities | Rising participation of market players |
Key Market Drivers |
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Leading players in the global orthodontic supplies market include 3M, Align Technology, American Orthodontics, Danaher, DB Orthodontics, Dental Morelli, Dentaurum, Dentsply Sirona, Great Lakes Orthodontics, Henry Schein, and Straumann Holding, among others.
The global orthodontic supplies market is expected to exhibit a strong 8% CAGR over the forecast period from 2022-2030.
Increasing participation by market players, including new product launches, is likely to be a major driver for the orthodontic supplies market, along with the growing awareness about dental hygiene.
The Americas hold a dominant share in the global orthodontic supplies market, due to the strong presence of major players in the region.