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Orthodontic Supplies Market Growth Dynamics| Key Players: Henry Schein, American Orthodontics, G&H Orthodontics®, Dentaurum USA
Orthodontic Supplies Market
Increasing incidence of malocclusion in children and adults will drive industry growth during the forecast period. Currently around 60% to 75% of the total global population is suffering from malocclusion or misaligned teeth. Rise in need for orthodontic treatment for malocclusions and other different orthodontic disorders will garner opportunities for the industry growth.
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Technological advancements and favorable governmental policies have also had a positive impact on the growth prospects of this sector. Having garnered USD 1.5 billion in 2017, the U.S. orthodontic supplies market is expected to register a y-o-y growth of 8.8% over 2018-2024. U.S. being a technology hub, it also comes as no surprise that primarily on the account of the critical advancement in the 3D printing technology and digital dentistry, in the recent years, the region has garnered remarkable momentum across the regional landscape of orthodontic supplies industry.
3D printing, often referred as the next industrial revolution, is indeed transforming the way dental professionals such as orthodontists and pediatric dentists are producing prototypes and dental products. Orthodontic supplies industry, is one such domain where 3D printing has made itself most indispensable, especially for manufacturing clear orthodontic aligners, which can strengthen teeth alignment without the use of metal and uncomfortable wires. In fact, additive manufacturing has brought the mass production of customized aligners to a level that is anticipated to keep on growing rapidly. This has made both independent entrepreneurs and mainstream manufactures in the orthodontic supplies industry to increasingly look into 3D printing to carve out an individualized niche in the business space.
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.
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Fixed braces held significant industry share with revenue of over USD 1.2 billion in 2017 owing to the increasing prevalence of malocclusion. The use of fixed braces for malocclusion treatment has become quite imminent and will therefore escalate the business growth in the near future.
Adult business segment will witness over 9% CAGR over the forecast timeframe. There has been considerable increase in the number of adults undergoing orthodontic treatment such as malocclusions owing to increase in disposable income and rise in awareness regarding oral healthcare.
Clinicians have documented that 3D printing technology has helped dentists & patients regarding precise placements of attachments and has thus improve outcomes, expanding the market for clear aligner therapy to a wider range of cases. Pertaining to the discomfort of traditional braces, more and more orthodontics are turning to 3D printing for the manufacturing of dental aligners, on account of which companies are seeing a lot more business across this segment. One of the foremost 3D printers & material distributors EnvisionTEC claims that sales of their dental printers grew by 75% in 2016.
U.S. orthodontic supplies market was valued over USD 1.5 billion in 2017 and is anticipated to dominate the regional share throughout the forecast period. Rise in number of teens and adults that demand for orthodontic treatment will drive the orthodontic supplies market growth. Furthermore, technological advancements and favorable reimbursement scenarios for orthodontic products will positively impact the U.S. orthodontic market size.
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Orthodontic Supplies Market by Product
• Fixed Braces
• Brackets
• Archwires
• Ligatures
• Anchorage appliances
• Removable Braces
• Orthodontic Braces
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