(PharmaNewsWire.Com, June 30, 2021 ) The report “Orthodontic Supplies Market by Product (Braces(Removable, Fixed), Brackets(Ligating,Lingual, Metal),Archwires (Ni-Ti, steel), Anchorage, Ligature(Elastomeric, wire), Patient(Adult,Children), Users(Hospitals,Clinics,OTC) – Global Forecast to 2026″, is projected to reach USD 8.3 billion by 2026 from USD 5.4 billion in 2021, at a CAGR of 9.1% during the forecast period.
The Increasing prevalence of malocclusion, rising emphasis on effective orthodontic treatment and t the initiatives undertaken by governments to increase the awareness about orthodontic treatments are fueling the demand for orthodontic supplies during the forecast period.
Growth Driver: Increase in the prevalence of incidence of malocclusions and jaw diseases;
Malocclusions most common forms of oro-dental problems condition in children and adolescents worldwide. Some of the common ortdontic problems include cross bite, openbite, overbite, and spacing. Orthodontic supplies, such as fixed braces and removable braces are the most commonly used products for the effective treatment of malocculusions. Furthermore, with rising disposable income levels, growing oral health awareness, and increase in the number of dental clinics aross the globe are likely to augument the market growth.
Brackets accounted for the largest share of the orthodontic supplies market, by apalication, in 2020
The rise in the global prevalence of orthodontic problesms such as overcrowding, crossbite, diastema and influx of different types of adavanced brackets for the treatment of malocclusion are likely to fuel the growth of this segment during the forecast period.
Adult segmnet accounted for the largest share of the orthodontic supplies market, by patient, in 2021
The increasing demand for invisible braces among adults due to aesthetic concerns, huge adult population base, availability of advanced orthodontic products, and increasing disposable incomes are the major factors driving the growth of this segment.
hospital and dental clinics accounted for the largest share of the orthodontic supplies market, by end user in 2021
The segment accounted for the highest share owing to the increase in the emphaisis on investments in the hospitals and dental clincs by many privaty equity firms to establish large chain of dental clinics are likely to play a significant role in propelling the growth of segment in the coming years. Moreover, growing dental tourism industry, along with the rapid cosmetic procedures are likely to augument the segment growth during the forecat period.
The emerging Asian countries, such as China, India, Japan and Singapore, are offering high-growth opportunities for market players. The Asia Pacific point of care market is projected to grow at the highest CAGR of 10.8% from 2021 to 2026. Expansion of healthcare infrastructure and increase in disposable personal income, increase patient population with malocclusion and tooth decay are factors likely to suppprt the growth of market in the region. Moreover, the growing focus toward aesthetics products among adults and emergence of small manufacturers in the market are driving the growth of the APAC orthodontic supplies market.
Global Key Leaders:
Prominent players in Orthodontic Supplies Market are 3M (US), Envista Holdings Corporation (US), Dentsply Sirona (US), Align Technology (US), American Orthodontics (US), Rocky Mountain Orthodontics (US), G&H Orthodontics (US), Dentaurum (Germany), TP Orthodontics (US), Great Lakes Dental Technologies (US), DB Orthodontics (UK), Morelli Orthodontics (Brazil), ClearCorrect (US), and Ultradent Products (US).
Align Technology (US) is one of the pioneers company engaged in designing, manufacturing, and marketing Invisalign clear aligners and iTero intraoral scanners and services for the dental industry. The company has a broad range of customers and sales partners in more than 150 countries worldwide. To strengthen its geographical foothold, it majorly emphasizes on expansions and continuous innovations to bring new products in the market. In October 2020, Align technolohy introduced Invisalign G8 with SmartForce Aligner Activation, which allows to control the tooth location and direction during the treatment of crowding, crossbite, and deep bite. Such statrategies opted by company is likely to boost the demand for removable braces, further enlarging the customer base with untreated orthodontic pronlems aross the globe.
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