Orthodontic treatment is generally used to augment the physical appearance and alignment of protruding and crooked teeth and to correct other dental problems with the bite of the teeth. Orthodontic brackets have been in use for years to treat the misalignment of teeth. The global orthodontic supplies market is expected to witness an 8.75% CAGR over the forecast period, as per the analysis conducted by Market Research Future (MRFR).
The rising popularity of dental tourism is one of the primary factors driving the global orthodontic supplies market. Apart from that, increasing demand for premium services from consumers is observed, thanks to a rise in the disposable income, contributing to the mounting orthodontic supplies market. For example, Ormoc Corporation, in 2018, introduced a line of premium orthodontic instruments used to assist specialists in all dental procedures.
Additionally, favorable reimbursement for dental procedures, technological advancements, and a magnified prevalence of orthodontic conditions can also be attributed as viable factors for the surging witnessed by the global orthodontic supplies market. However, various risks are associated with orthodontic treatments, which is likely to hinder the market growth during the forecast period. Also, upscaling cost of orthodontic treatment in some countries is expected to restrain growth in respective regions in the foreseeable future.
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Market Segmentation
The global orthodontic supplies market report by Market Research Future (MRFR) has been studied for different orthodontic products and end-users of such products. Different products studied in the report include removable braces, fixed braces, adhesives, and accessories. Types of fixed braces include brackets, anchorage appliances, archwires, and ligatures. Various types of brackets are studied in the report, including conventional brackets, lingual brackets, and self-ligating brackets. Different archwires included in the report include nickel-titanium archwires, beta-titanium archwires, and stainless steel archwires. Anchorage appliances used for orthodontic treatments include bands, buccal tubes, and miniscrews, whereas, ligatures used include elastomeric ligatures and wire ligatures.
Orthodontic treatments are conducted on children, teenagers, as well as adults. The highest consumption of orthodontic supplies is done by hospitals and clinics, among all other end-users.
Detailed Regional Analysis
The global orthodontic supplies market is studied for various regional segments such as the Americas, Asia Pacific, Europe, and the Middle East & Africa. The Americas dominated the global orthodontic supplies market at the beginning of the forecast period. This market dictation can be owed to the presence of many significant market players in the region and the augmentation of the reimbursement procedures in the region.
Europe held the second-largest share in the global orthodontic supplies market in the base year. Growth in the region can be causative to the fast-paced technological advancements and rising investments in the research and development activities.
Asia Pacific is expected to witness the fastest growth during the forecast period. Mounting awareness about dental tourism is anticipated to drive the orthodontic supplies market in Asia Pacific. Owing to the lower prices of dental care in the region, Thailand is observed to be a trending location for dental tourism for many international dental tourists. For instance, dental veneers can cost around USD 180 in the US, which costs around USD 250 in Thailand.
The Middle East & Africa is expected to hold the smallest share in the global orthodontic supplies market during the assessment period. This can be accredited to the poor economic development, especially in Africa.
Key Players
The global orthodontic supplies market is highly driven by several strategies adopted by different market vendors during the forecast period. Some of these noteworthy market players, as profiled in the MRFR report, include 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, and Ultradent Products.
Industry Update
April 2019: Engineers, dentists, and biologists from the University of Pennsylvania came together to develop microscopic robots that are capable of cleaning tooth plaque. Two types of robotic systems are designed. One to work on the surfaces and one to operate inside confined spaces. These microscopic robots can easily destroy biofilms and bacteria, reducing the risk of tooth decay.
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