Press release
Global Orthodontic Supplies Market Outlook 2019| Key Players: Henry Schein, American Orthodontics, G&H Orthodontics®, Dentaurum USA
Orthodontic Supplies Market
Increasing number of people with malocclusion cases across the world will have crucial impact on boosting the orthodontic supplies market in the forthcoming years. Malocclusion or misaligned teeth affects around 60% to 75% of the global population. Malocclusion showed third highest prevalence in oral pathologies globally, just behind dental carries and periodontal diseases. This increasing prevalence of malocclusion cases across the world will increase the demand for orthodontic treatment thus, propelling the business growth.
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Removable braces dominated the orthodontic supplies market with over USD 2.2 billion in 2017. The removable braces are preferred more and adopted at larger extent as they provide comfort and convenience resulting in stimulating the segment size at a considerable rate. Also, developing reimbursement policies and healthcare insurance with respect to use removable braces will garner more segment revenue in upcoming years.
Fixed braces segment is expected to witness 8.9% CAGR from 2018 to 2024. Fixed braces usually take less treatment time as compared to other orthodontic treatments fuelling its adoption rate. The use of fixed braces for the treatment of severe malocclusion cases and chronic orthodontic disorders will escalate the demand, thereby boosting the segment revenue share.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Dentaurum USA
• G&H Orthodontics®
• TP Orthodontics, Inc.
• 3Shape
• Danaher Corporation
• Dentsply Sirona
• Henry Schein
• Align Technology
• American Orthodontics
• Ultradent Products, Inc.
• A-dec Inc.
Speaking of the growth prospect of the market, it is imperative to mention that like any other healthcare and medical device domain, orthodontic supplies industry is also regulatory driven. In fact, the regulatory backing has been a critical parameter to trace the dentistry industry trends in terms of revenue opportunities. The Affordable Care Act (ACA) mandates the insurers to offer proper dental care for children, provide funding for dental training and education, and set up efficient dental pilot programs etc. The initiatives are intended at widening the reach of dental practices across areas of critical need.
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Boasting of a rich corporate portfolio, the orthodontic supplies industry is highly competitive. In the light of such scenario, technological advancements in product design stand as a vital quotient defining the profit parameters for the market contenders. In a recent turn of events across the MEA orthodontic supplies market, renowned 3D digital scanner manufacturer, Align Technology announced the launch of its innovative iTero Element intraoral scanner.
This breakthrough scanner is claimed to offer regional orthodontists an absolute state-of-the-art digital solution, that can scan in just 1 minute with high accuracy, precision, and visualization capabilities. Inherently stimulated by a barrage of tech benefactors bringing groundbreaking innovations in tandem with commendable governmental backing, orthodontic supplies industry is certain to enroll its name among one of the most remunerative business spheres in the healthcare fraternity.
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Chapter 3. Orthodontic supplies Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.2. Industry pitfalls & challenges
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By patient
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. Australia
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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