Orthodontic Supplies Market share,Key Vendors, Drivers and Trends by Forecast to 2030
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 Share is expected to witness an 8.% CAGR over the
forecast period, as per the analysis conducted by Market Research Future
(MRFR).
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.
The rising popularity of dental tourism is one of the primary
factors driving the 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 Insights. For example,
Ormco Corporation, in 2018, introduced a line of premium orthodontic
instruments used to assist specialists in all dental procedures.
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.
Regional
Analysis
The global orthodontic
supplies market Trends 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 Outlook 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 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 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 market during the assessment period. This can be accredited to the
poor economic development, especially in Africa.
Key
Players
The global orthodontic supplies market Players 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.
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