According to a new market research report "Orthodontic Supplies Market by Product (Removable, Fixed Braces (Brackets (Self Ligating, Lingual), Archwire (Ni-Ti, Stainless Steel), Anchorage (Buccal Tube, Band), Ligature (Elastomeric, Wire)), Retainers), Patient, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global market is expected to reach USD 6.63 Billion by 2023 from USD 4.32 Billion in 2018, at a CAGR of 8.9%.
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The major factors driving the growth of the Orthodontic Supplies Market include the growing number of patients with malocclusions, and jaw disorders; increasing disposable incomes and the expanding middle-class population in developing countries; increasing awareness about the availability of advanced orthodontic treatments; and ongoing research and technological advancements related to orthodontic products.
Fixed braces are expected to hold the largest share of the Orthodontic Supplies Market in 2018
The Orthodontic Supplies Market is segmented on the basis of products into fixed braces, removable braces, adhesives, and accessories. The fixed braces products segment is expected to command the largest share of the global Orthodontic Supplies Market in 2018.
Factors such as affordability (compared to removable braces), increasing adoption of fixed braces among adolescents as well as adults, effective outcomes, and the huge demand for these braces in emerging countries such as India, China, and Brazil are propelling growth in this segment.
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Children and teenagers are expected to be the largest patient group in Orthodontic Supplies Market in 2018
By patient, the market is segmented into children and teenagers and adults. The children and teenager's patient segment is expected to account for the largest share of the Orthodontic Supplies Market in 2018.
The large market share of this segment can be attributed to the high prevalence of malocclusions and jaw disorders coupled with the increased adoption of fixed braces among adolescent children and teenagers.
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North America is expected to dominate the Orthodontic Supplies Market in 2018
Geographically, the market is segmented into North America (the US and Canada), Europe (Germany, the UK, France, and the Rest of Europe), Asia Pacific (Japan, China, India, and the Rest of APAC), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East and Africa. North America is expected to account for the largest share of the global Orthodontic Supplies Market in 2018.
The dominant share of North America can be accounted to the growing acceptance of orthodontic treatment among children as well as adults, rising per capita disposable income, growing focus on appearance enhancement and aesthetics, and the presence of major orthodontic product manufacturers in North America.
The major players operating in the Orthodontic Supplies Market include Align Technology, Inc. (US), 3M Company (US), Danaher Corporation (US), Henry Schien, Inc.
(US), DENTSPLY SIRONA, Inc. (US), American Orthodontics (US), Rocky Mountain Orthodontics (US), G&H Orthodontics (US), DENTAURUM GmbH & Co. (Germany), TP Orthodontics, Inc.
(US), ClearCorrect (a subsidiary of Straumann Holding AG, Switzerland), Ultradent Products, Inc. (US), Great Lakes Orthodontics, Ltd.
(US), DB Orthodontics (UK), and Dental Morelli Ltda. (Brazil), among others.
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