The global orthodontic supplies market size is predicted to be worth USD 6.46 billion by 2028 from USD 4.37 Billion in 2023, growing at a CAGR of 8.1% from 2023 to 2028.
Orthodontic treatment improves the appearance and alignment of crooked and protruding teeth and the teeth' bite-related problems. Orthodontic brackets are used to treat misalignment of teeth, and this has been operating for years. It helps to take the long-term health of the teeth, gums, and jaw points by spreading the biting pressure over the teeth. Earlier, orthodontic treatments were used for children and teens, but now many adults also opt for orthodontic treatment to correct oral problems and improve oral health. Brackets are being dominated the orthodontic supplies market over the years. Orthodontists prefer frames that are primarily adapted for comfort and convenience. Moreover, the bracket treatment takes less time consumption. According to the American Dental Association, it is estimated that there are 10,658 orthodontists. Currently, there are 3.27 orthodontists per every 100,000 population in the United States. However, during the COVID-19 Pandemic period, the market experienced a growth decline.
The demand for the global orthodontic supplies market has increased due to the increase in oral disease prevalence. Increasing awareness among emerging countries about the current orthodontic treatments is expected to fuel market growth. Other factors such as growing technological advancements and introducing new procedures and treatments are estimated to improve the market growth. Other factors include increasing income levels and rising compliance with high-quality orthodontic supplies. Moreover, it is estimated that increasing demand for orthodontic supplies provides enough opportunities for manufacturers in many countries; thus, expanding the growth can be possible.
The increasing pool of patients with jaw misalignment, tooth decay or loss, jaw pain, growing disposable income, rising awareness of consumers regarding advanced orthodontic technologies, and advancement in the orthodontic product technology are the major driving factors for the growth of the global orthodontic supplies market.
However, unsuitable reimbursement scenarios, restricted insurance policies for orthodontic treatments, and complexities associated with such therapies constrain the global orthodontic supplies market growth.
Impact of COVID-19 on the global orthodontic supplies market:
COVID-19 has negatively impacted all sectors of the economy in the first period of 2020. The sudden outbreak has negatively affected the market growth. Due to the lockdown restrictions worldwide in the first half of 2020, all the concerned activities on Orthodontic supplies had been postponed. However, the latter period of COVID-19 has shown a positive impact on the market's growth. The demand for the market has rapidly increased, and bracket treatments have dominated the market during the forecast period. However, the global orthodontic supplies market is expected to have its growth in the coming years.
Market Size Available
2022 to 2028
2023 to 2028
By Product, Patients, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa
This research report on the global orthodontic supplies market has been segmented and sub-segmented based on the product, patients, and region.
Orthodontic Supplies Market - By Product:
Based on the product, the fixed braces segment is predicted to hold the major share of the global orthodontic supplies market during the forecast period. Fixed braces are more effective and precise in treating the dental structure's irregularities, and it is the most preferred treatment option in orthodontic supplies.
Orthodontic Supplies Market - By Patients:
Children & Adolescents
Based on patients, the children and teenagers segment had the largest share of the worldwide market in 2022 and is expected to grow promisingly in the coming years. Orthodontic treatments are more effective and successful in children and teenagers.
The adult segment is expected to showcase the highest CAGR during the forecast period.
Orthodontic Supplies Market - By Region:
The Middle East and Africa
Geographically, The orthodontic supplies market in North America is predicted to be leading during the forecast period, followed by Europe. But, the Asia-Pacific is expected to show the highest CAGR in the forecast period. The North American market has held the largest market share of the Orthodontic supplies market over the years. The high prevalence of dental disorders and increasing compulsion in people to look better and attractive propel the market's growth rate. However, the rising population, increasing interest in orthodontic procedures, and adoption of advanced technologies are expected to drive market growth.
The orthodontic supplies market in Europe held the second-largest contributor to the global orthodontics supplies market after North America. The influential growth factors such as rising incidences of oral problems, improving healthcare infrastructure, and increasing insurance assurance for these treatments are anticipated to enhance the market growth of Orthodontic supplies in Europe.
The orthodontic supplies market in the Asia Pacific is anticipated to witness the most extensive market growth. Emerging countries like India and China are expected to record a large market share during the forecast period. Increasing disposable income, rising number of oral problems, growing orthodontic companies, and awareness among the people in this region influence market growth.
The Orthodontic Supplies Market in Latin America is growing at a CAGR of 7.3% during the forecast period. The key drivers of the Latin American orthodontic supplies market are the rising prevalence of dental disorders and oral diseases. Also, increasing focus on healthcare technological advancements for creating new and innovative products and a growing necessity for minimally invasive surgery is the key market growth.
The orthodontic supplies market in the Middle East & Africa is expected to improve the global orthodontic supplies market share during the forecast period. Improving healthcare infrastructure facilities, increasing dental problems, and growing awareness of orthodontics treatments are anticipated to enhance the market share.
KEY MARKET PARTICIPANTS:
Noteworthy companies dominating the global orthodontic supplies market analyzed in this report are Align Technology Inc., Danaher Corporation, Henry Schein, Inc., DENTSPLY International, Inc., Dentaurum GmbH & Co. KG, and TP Orthodontics, Inc.
RECENT MARKET DEVELOPMENTS:
In 2020, the Align design and practice transformation (ADAPT) services were launched by Align Technology to provide the necessary tools and support to guide doctors.
In May 2019, Great Lakes Dental Technologies had launched the new comfort track transparent aligner material designed for patient comfort. The deliberate move will guide the company in strengthening its portfolio.
3M, Align Technology, Danaher, and Dentsply Sirona are some of the key players in the orthodontic supplies market.
Factors such as increasing demand for cosmetic dentistry, rising prevalence of dental and orthodontic disorders, growing awareness about dental hygiene, and technological advancements in orthodontic products are driving the growth of the orthodontic supplies market.
High cost of orthodontic treatments, lack of insurance coverage, and competition from alternative treatments such as clear aligners are some of the key challenges to the orthodontic supplies market.
The growing popularity of clear aligners, the use of digital technologies for treatment planning and monitoring, and the development of more personalized orthodontic treatments are some of the major trends in the orthodontic supplies market.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]