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.
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.
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Market Segmentation
The segment evaluation of the orthodontic supplies global market is done by patient, product, and end user.
- The product-based segments of the orthodontic supplies market are adhesives, fixed braces, removable braces, and accessories. The rise in utility of fixed braces can win profits for the market. The availability of a wide range of orthodontic supplies, such as archwires, brackets, ligatures, and anchorage appliances can impact the expansion of the orthodontic supplies market across the analysis period. The brackets segment can thrive in the years ahead. Conventional brackets, lingual brackets, and self-ligating brackets are types of brackets available in the market.
- The patient type-based segments of the orthodontic supplier market are adults, children, and teenagers.
- The end user-based segment of the orthodontic supplier market are clinics, hospitals, and others. The hospitals segment can thrive across the review period as rise in cases of orthodontic conditions are reported.
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.
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.
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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.
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