Global Orthodontic Supplies Market Overview
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, Ormco Corporation, in 2018, introduced a line of premium orthodontic instruments used to assist specialists in all dental procedures.
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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.
Market 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 market is segmented into children and teenagers, and adults.
Based on end user, the market is segmented into hospitals, clinics, and others. The hospitals segment is anticipated to hold the largest market share owing to the increasing cases of orthodontic conditions.
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.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Macroeconomic Indicators
4.5 Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Opportunities
5.4 Pricing Analysis
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