|01-22-2019 08:08 AM CET - Health & Medicine||
Orthodontic Supplies Market Trends, Segment and Future Growth to 2023 | Major players in the market are Align Technology, Danaher Corporation, Henry Schein, DENTSPLY International, Dentaurum GmbH & Co. KG, and TP Orthodontics Inc
Press release from: Market Data Forecast
PR Agency: Market Data Forecast
Orthodontic Supplies Market Overview:
Orthodontia is the field of dentistry which involves dealing with the abnormalities in the teeth or jaw. Orthodontic supplies include the devices, like braces, in order to align the teeth, identify issues related to bite and fill gaps between teeth, the main receivers of orthodontic supplies are kids, but there are braces for adults as well. In kids, orthodontic supplies may promote appropriate jaw growth, which can assist the growth of permanent teeth as properly aligned permanent teeth can avoid tooth issues later.
The increasing pool of patients with the jaw misalignment, tooth decay or loss, jaw pain, growing disposable income, increasing awareness of consumers regarding advanced orthodontic technologies; and advancement in the orthodontic product's technology are the main driving factors for the growth of the global market. However, unsuitable reimbursement scenarios, restricted insurance policies for the orthodontic treatments, and complexities associated with such treatments are constraining the market growth.
Orthodontic Supplies Market Forecast Report (2018-2023):
Global Orthodontic Supplies Market was worth 3.75 Billion in 2018 at a CAGR of 8.1%, to reach USD 5.54 billion by 2023.
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Orthodontic Supplies Market Segmentation:
The Global Orthodontic Supplies market is broadly segmented on the basis of Product into Fixed Supplies, Removable Supplies and Adhesives and on the basis of Patients into Children and Adolescents, and Adults. The Fixed braces market is sub-classified into Brackets, Archwires, Anchorage Appliances and Ligatures. The Brackets market is further divided into Conventional Brackets, Lingual Brackets, Self-ligating Brackets, Metal Brackets and Ceramic Brackets; the Archwires market into Nickel Titanium, Beta Titanium and Stainless Steel; the Anchorage Appliances market into the Bands and Miniscrews; and the Ligatures market into Elastomeric Ligatures and Wire Ligatures. The fixed braces segment has the highest share in the global orthodontic supplies market as of 2016 owing to better affordability. Based on patients, the children and the adolescent’s patient segment hold the largest share globally.
Orthodontic Supplies Geographical Market Segmentation:
Based on region, the global market is classified into North America, Asia-Pacific, Europe, Latin America and Middle-East and Africa. North America is predicted to be leading global orthodontic supplies market as of 2016, followed by the Europe. But, the Asia-Pacific is expected to show the high CAGR in the forecast period.
Key Developments in the Market:
In November 2017: American Orthodontics launched the BracePaste medium viscosity light curable adhesive. It provides optimum bonding of both the metal and ceramic brackets, and is designed to minimize bracket drift and provide easy flash cleanup.
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Industry Key Players:
Some of the major competitors dominating the global Orthodontic Supplies market are Align Technology Inc., Danaher Corporation, Henry Schein, Inc., DENTSPLY International, Inc., Dentaurum GmbH & Co. KG, and TP Orthodontics, Inc. are some of the other key players in this market.
Key Takeaways from this Report:
· For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
· Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
· Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
· Increase overall revenue by understanding the geographical impact on sales and distribution channels.
· Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
· Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
· Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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