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$7 bn by 2024| Orthodontic Supplies Market and its growth prospects with Henry Schein, American Orthodontics, G&H Orthodontics®, Dentaurum USA, Danaher Corporation

03-12-2019 02:44 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Orthodontic Supplies Market

Orthodontic Supplies Market

Global Orthodontic Supplies Market is set to exceed USD 7 billion by 2024; according to a new research study published by Global Market Insights, Inc. 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.

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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.

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.

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.

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.

Children & teenagers held a market value of USD 3.2 billion in 2017 will witness a substantial growth over the forthcoming years. Increasing number of teeth misalignment cases among the children and teenagers have impacted the orthodontic market growth. Also, different initiatives taken by healthcare organizations such as American Association of Orthodontists to improve children’s dentals health will further spur the segment’s market size.

Adult patients’ segment is forecast to witness 9.1% growth over the projected years. Increase in number of adults undergoing orthodontic treatment across the world will further stimulate the growth of orthodontic supplies market. According to American Association of Orthodontists, around 1 out of 5 orthodontic patients are adults attributing to high demand for orthodontic treatments thus, boosting the segment revenue share.

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.

Japan orthodontic supplies market is projected to witness 10.2% CAGR owing to increase in disposable income of people and increasing awareness towards oral health. In addition to this, rising incidence of dental caries in adults and growing preference for orthodontic treatment will propel the market size.

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Orthodontic Supplies Market by Product

Fixed Braces
Anchorage appliances
Removable Braces
Orthodontic Braces

Orthodontic Supplies Market by End User

Children & Teenagers

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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