Latin America Orthodontic Supplies Market By Product (Fixed Supplies, Removable Supplies, Adhesives), By Patients (Children And Adolescents, Adults) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
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The Latin America Orthodontic Supplies Market is growing from 256 million in 2016 at a CAGR of 7.3%, to reach USD 364 million by 2021. The market is showcasing substantial growth potential in the mentioned period and will continue to show high CAGR in the future years with the recent developments in medical sector.
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Orthodontics is that branch of dentistry in which professionals deal with abnormalities of the teeth. Orthodontic supplies are the devices, like braces, which assist in aligning the teeth, or resolve problems of bite and fill the gaps of teeth.
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The customers for orthodontic supplies are mainly children, but adults also use braces. Orthodontic supplies for kids may facilitate correct jaw growth which can further help in the permanent teeth to grow properly since properly aligned permanent teeth can prevent tooth issues later on.
Increasing population, growing expenditure on healthcare, rising consumption of unsuitable food which leads to tooth problems and development of the orthodontic technology are fuelling the growth of the Latin America Orthodontics Supplies market. But, unsuitable reimbursement scenarios, limited insurance policies for orthodontic treatments, and complicated procedures of such treatments are hindering the market growth.
The Latin America Orthodontic Supplies market is broadly categorized on the basis of Product into Fixed Supplies, Removable Supplies and Adhesives and on the basis of Patients into Children and Adolescents, and Adults. The Fixed braces market is sub-segmented into Brackets, Archwires, Anchorage Appliances and Ligatures.
The Brackets market is further segmented into Conventional Brackets, Self-ligating Brackets, Lingual Brackets, Metal Brackets and Ceramic Brackets; the Archwires market into Nickel Titanium, Beta Titanium and Stainless Steel; the Anchorage Appliances market into Bands and Miniscrews; and the Ligatures market into Elastomeric Ligatures and Wire Ligatures. The fixed braces segment has the largest share in the Latin America orthodontic supplies market as of 2016 owing to better affordability.
On the basis of patients, the children and adolescents patient segment holds the largest share.
On the basis of region the Latin America market is analyzed under the regions Brazil, Mexico and Argentina. Brazil and Mexico are emerging economies and are thus expected to show high growth during the forecast period.
Some of the major competitors dominating the Latin America Orthodontic Supplies market are Align Technology Inc, Danaher Corporation, Henry Schein Inc, DENTSPLY International Inc, Dentaurum GmbH & Co. KG, and TP Orthodontics Inc. are some of the other key players in this market.
Market Segmentation :
Scope of the Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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