Press release
Orthodontic Supplies Market – Demand, Growth, Share Assessments for the Regional and Country Level Segments
The increasing prevalence of oral diseases, technologically advanced orthodontic supplies products, increasing disposable income and rising awareness among consumers about advanced orthodontic products are driving the growth of the market.
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In terms of end-user, the global orthodontic supplies market is categorized into children and teenagers, and adults. Children and teenagers were the larger end users of orthodontic supplies in 2016, contributing 77.1% to the global market. The global market for adults is expected to witness higher growth during the forecast period, mainly due to the increasing development of removable and aesthetic braces.
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The Asia-Pacific market for orthodontics supply was valued at $719.7 million in 2016 and is expected to reach $1.3 billion by 2023, growing at a CAGR of 9.2% between 2017-2023. The Asia-Pacific orthodontic supplies market has been experiencing growth, mainly due to large patient population with various dental disorders, increasing disposable income, aging population, growing efforts to increase awareness about advanced orthodontic treatments, and growing focus of global orthodontic/dental companies on emerging APAC countries. Among the countries in the Asia-Pacific region, China held the largest share in the Asia-Pacific orthodontic supplies industry in 2016, mainly due to growing aging population and increasing adoption of orthodontics products to improve the facial appearance. India is expected to project the fastest growth in the Asia-Pacific orthodontic supplies market. The growth in India is mainly driven by increasing awareness about the advanced orthodontics products, growing aging population and increasing disposable income.
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Some of the key players operating in the orthodontic supplies market include 3M Company, Dentsply Sirona Inc., Danaher Corporation, G&H Orthodontics Inc., Align Technology Inc., American Orthodontics, TP Orthodontics Inc., Rocky Mountain Orthodontics, Dentaurum GmbH & Co. Kg and DB Orthodontics.
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