The sector for removable braces had the highest CAGR during the forecast period. This is related to the increased patient knowledge of the benefits removable braces offer over fixed braces and the expansion of well-known manufacturers with robust removable brace options. Additionally, it is anticipated that the strategic partnership between manufacturers of detachable braces and orthodontic offices would expand patient access to clear aligner treatment. For instance, the largest orthodontic clinic in the Czech Republic, Svet Rovnatek, and Ormco business signed a contract in July 2022.
According to Data Bridge Market Research the Orthodontic Supplies Market accounted for USD 5.4 billion in 2021, and expected to reach USD 11.24 billion by 2029. The market is expected to grow with a CAGR of 9.6% in the forecast period of 2022 to 2029.
“Increasing Demand for Orthodontic Supplies Will Aid Growth”
Children and older individuals are more likely to have dental issues; malocclusions, crooked teeth, overbite and crowding are a few of the widespread issues seen in a vast population base. For instance, according to the Centers for Disease Control and Prevention, in the US, roughly 47.2% of adults over the age of 30 have periodontal disease; this percentage rises with age; by 2020, 70.1% of adults over the age of 65 will have the condition. Therefore, it is anticipated that rising dental disorders will fuel demand for the market for orthodontic supplies.
What restraints the growth of Orthodontic Supplies Market?
“Strict Regulatory Authorities Are Expected to Hamper the Market's Growth”
Orthodontic materials must be processed and distributed by rules set forth by a number of strict regulatory authorities to guarantee the highest quality of patient care. The US Food and Drug Administration (USFDA) governs orthodontic supply manufacturing and labeling. Data on the efficacy and safety of commercially available and experimental orthodontic products are reviewed and assessed by the Dental Products Panel (DPP) of the U.S. FDA. Dental professionals are being urged by the Center for Radiological Devices and Health (CDRH) to use quicker X-ray film in order to lower radiation exposure to patients. As a result, the regulations set forth by these regulatory authorities promote the creation of efficient orthodontic goods.
Segmentation: Orthodontic Supplies Market
The orthodontic supplies market is segmented on the basis of product, patient and end user.
- On the basis of product, the orthodontic supplies market is segmented into fixed braces, removable braces, adhesives and accessories.
- On the basis patient, the orthodontic supplies market is segmented into children and teenagers, and adults.
- On the basis of end user, the orthodontic supplies market is segmented into hospitals, clinics and others.
Regional Insights: North America is expected to dominate the Orthodontic Supplies Market
North America is expected to dominate the market because of the existence of inappropriate reimbursement policies. The prevalence of oral problems will also contribute to the expansion of the regional orthodontic supply market during the forecast period.
In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 due to growth in the population of old people. Additionally, it is projected that in the upcoming years, the growth of the orthodontic supplies market in the region would be fueled by technological advancements and an increase in medical tourism.
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Recent Developments in Orthodontic Supplies Market
- In 2020, The Align Digital and Practice Transformation (ADAPT) service, which give doctors the tools and support they need to make the switch to a digital orthodontic practice using the clear aligner model officially launched globally, according to an announcement from Align Technology, Inc.
- In 2021, Spark clear aligners were introduced by Envista Holding Corporation (Ormco), an updated clear aligner with TruGEN XR, a new material choice for finishing and refining, and CBCT integration, which allows orthodontists to see CBCT patient data.
The Prominent Key Players Operating in the Orthodontic Supplies Market Include:
- enVista LLC (U.S.)
- American Orthodontics (U.S.)
- 3M (U.S.)
- Danaher (U.S.)
- Henry Schein, Inc. (U.S.)
- Dentsply Sirona (U.S.)
- Align Technology, Inc. (U.S.)
- Rocky Mountain Orthodontics (U.S.)
- G&H Orthodontics (U.S.)
- TP Orthodontics, Inc (U.S.)
- DENTAURUM GmbH & Co. KG (Germany)
- Great Lakes Dental Technologies (U.S.)
- DB Orthodontics (U.K.)
- Institut Straumann AG (Switzerland)
- Ultradent Products, Inc. (U.S.)
- 3Shape A/S (Denmark)
- Leone S.p.A., (Italy)
Above are the key players covered in the report, to know about more and exhaustive list of Orthodontic supplies market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Orthodontic Supplies Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
