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Orthodontic Supplies Market Analysis Focusing on Top Key Players – 3M, Align Technology, Straumann group, DENTSPLY Sirona, American Orthodontics, Patterson Companies, Henry Schein, G&H Orthodontics & More
Orthodontic Supplies
Orthodontic Supplies Market will exceed USD 7 billion by 2024; as per a new research report. Rise in awareness among the people regarding oral health in Latin America region will augment the orthodontic supplies market. Growing healthcare expenditure, rising awareness among the people regarding oral healthcare and rising need to address the orthodontic disorders will boost the orthodontic supplies industry growth. Also, the increase in number of initiatives taken by the government for oral healthcare and flourishing medical tourism in country such as Mexico will help in boosting the growth of orthodontic supplies market growth in Latin American region.
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Increase in demand for invisible removable braces in the European region will enhance the business growth. The rise in awareness among the people about their physical appearance in Europe region has escalated the demand for use of technologically advanced invisible removable braces. Rise in technological advancements and increasing awareness of aesthetic alternatives to traditional braces will increase the demand for invisible removable braces for orthodontic treatment.
Orthodontic supplies market will be impeded by presence of unfavorable reimbursement policies and insurance coverage in the developing regions of Asia Pacific and Latin America. High cost of the braces and orthodontic treatment will reduce the product adoption rate resulting in hampering the market growth.
Fixed braces business segment is expected to show lucrative growth with 8.9% CAGR during the forecast timeframe. Extended use of fixed braces to treat orthodontic disorders such as malocclusion and chronic dental conditions will influence the growth of fixed braces business segment market.
Children & Teenagers patients segment held majority with total revenue of over USD 3.2 billion in 2017. Increase in number of teens suffering from teeth misalignment issues and growing accessibility to public healthcare insurance policies for child dental treatments will propel the orthodontic supplies industry market.
U.S. orthodontic supplies market held the largest revenue share in 2017 with revenue of over USD 1.5 billion. This was attributed to high adoption of removable braces and escalated disposable income among the middle-class families of the country. Launch of innovative technologies and advanced designs for orthodontic supplies such as invisible braces will favor business growth.
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Indian orthodontic supplies market will witness 12.6% CAGR during the projection years, owing to increasing prevalence of untreated patients with orthodontic disorder such as malocclusion. Also, increasing disposable income will enhance the capacity of country population to spend on healthcare services driving the industry growth.
Some of the leading players in orthodontic supplies industry are 3M, Align Technology, Straumann group, DENTSPLY Sirona, American Orthodontics, Patterson Companies, Henry Schein, G&H Orthodontics and DENTAURUM. These players concentrate on strategic decisions to develop new technologically advanced products. Also, merger and acquisitions have helped the companies to increase their product portfolio.
Table of content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Orthodontic Supplies Industry Insights
Chapter 4. Orthodontic Supplies Market, By Product
Chapter 5. Orthodontic Supplies Market, By Patient
Chapter 6. Orthodontic Supplies Market, By Region
Chapter 7. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/orthodontic-supplies-market
Related Report:
Global Orthodontic Supplies Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
This report focuses on the Orthodontic Supplies in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
https://www.marketstudyreport.com/reports/global-orthodontic-supplies-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023/?utm_source=RR-PSR
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