Medical Health & Life Science Research News

Orthodontic supplies market set for 8.9% CAGR

Medical Market Research

The Global orthodontic supplies market is expected to reach USD 6.63 Billion by 2023 from USD 4.32 Billion in 2018, growing at a CAGR of 8.9%.

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Growing number of patients with malocclusions, jaw diseases, tooth decay/tooth loss, & jaw pain; increasing disposable incomes & expanding middle-class population in developing countries; increasing awareness about advanced orthodontic treatments; & ongoing research & technological advancements in orthodontic products are key factors driving growth of this market.

Target Stakeholders

  • Orthodontic product manufacturers, vendors, and distributors
  • Venture capitalists and other government funding organizations
  • Healthcare service providers (including hospitals and dental & orthodontic clinics)
  • Research laboratories
  • Academic institutes
  • Market research and consultancy firms
  • Government and independent regulatory authorities

Geographically, Orthodontic Supplies market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

In 2018, the global orthodontic supplies market is expected to be dominated by North America, followed by Europe. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period owing to the growing focus of orthodontic/dental companies on this region, growing dental tourism, increasing efforts to spread awareness about orthodontic treatment, and increasing incidence/prevalence of malocclusion and tooth decay in various APAC countries.

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Orthodontic Supplies market is categorized into fixed braces, removable braces, adhesives, and accessories. The fixed braces segment is expected to account for the largest share of the global orthodontic supplies market in 2018.

Factors such as better affordability as compared to removable braces, effective outcomes, and the huge demand for these braces in emerging countries such as India, China, and Brazil are propelling growth in this segment.

Break-up of primary participants was as mentioned below:

  • By Company Type – Tier 1–33%, Tier 2–46% and Tier 3–21%
  • By Designation – Director Level–20%, C-level–26%, Others–54%
  • By Region – North America–33%, Europe–29%, AsiaPacific–24%, RoW–14%

On the basis of patients, the orthodontic supplies market is segmented into children and teenagers and adults. The adults patient segment is estimated to witness the highest growth during the forecast period owing to factors such as the increasing demand for invisible braces among adults due to aesthetic concerns.

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This report studies the orthodontic supplies market based on product, patient, and region. The report also studies factors (such as drivers, restraints, opportunities, and trends) which affect market growth.

It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for key players.

The report forecasts the revenue of the market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The orthodontic supplies market report profiles key players who are involved in the manufacturing and commercialization of orthodontic products and analyzes their core competencies.

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