Orthodontics Market is prognosticated to reach USD 4.32 billion by 2030 with a CAGR of 7.9% from 2021-2030

The Global Orthodontics Market was valued at USD 1.87 billion in 2019 and is predicted to reach USD 4.32 billion by 2030 with a CAGR of 7.9% from 2020-2030.

Orthodontics is a branch of dentistry that deals with the prevention, diagnosis and correction of malocclusion of teeth as well as misaligned jaw pattern. This not only improves the oral health but also enhances the overall aesthetics of a person. Orthodontics involves the use of various equipment for the treatment of teeth such as braces, aligners and hedgers among others.

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Competitive Landscape

The orthodontics market, which is highly competitive and consists of a few major players such as 3M Company, Align Technology, Inc., American Orthodontics, Danaher Corporation, Dentaurum GmbH & Co. KG, DENTSPLY International, Inc., G&H Orthodontics, Inc., Henry Schein, Inc., Rocky Mountain Orthodontics, Inc., and T.P Orthodontics, Inc. Various strategic collaboration and new product launches have been made by the market players to maintain their dominance in the market. For instance, in October 21, 2020 Align Technology, Inc. launched G8 with smartforce Aligner activation, which is specifically contoured to apply optimal force to tooth surface. It helps to control the direction, location and intensity of the force to provide desired outcome. Also, in April 2020, Dentaurum GmbH & Co. KG launched the LaserCUSING process. This is a laser melting process in which metal powders are melted locally by a high energy laser beam. The LaserCUSING can be used to manufacture various orthodontic products such as crown, cast partial dentures, bruidges and braces.

Market Dynamics and Trends

Growing prevalence of malocclusion diseases across the globe, rising awareness towards oral hygiene and technological advancements in dental equipment are the major factors driving the growth of the orthodontic market. In addition, aesthetic benefits that are offered by the orthodontic tools to enhance the appearance of an individual is also expected to fuel the orthodontic market growth. Moreover, surge in the number of orthodontists, increasing public awareness regarding oral care management and rising disposable income are factors expected to contribute towards the market growth during the forecast period.

However, limited reimbursement policy, high cost of treatment and risk related to the orthodontic procedure are factors expected to hinder the market growth. On the contrary, ongoing research and technological development in orthodontics products are expected to create lucrative growth opportunities for the orthodontics market players in the coming years.

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Market Segmentations and Scope of the Study:

The global Orthodontics Market is segmented on the basis of type, age group and geography. On the basis of product, the market is classified into brackets, anchorage appliances, ligatures, and archwires. The segment bracket is further sub segmented into fixed brackets and removal brackets. The anchorage appliances are also divided into bands & buccal Tubes and minis crews. The ligatures segment is further sub segmented into elastomeric ligatures and wire ligatures. On the basis of age group, the market is categorized into adults and children. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the lion share of the orthodontics market. This is attributed to factors such as rising adoption of technologically advanced equipment in orthodontic treatment, surging number of dental clinics and rising public awareness about dental aesthetics.

However, Asia Pacific is also growing rapidly in terms of market share owing to the factors such as rising incidences of dental disorders, increasing geriatric population and government support to spread awareness about oral hygiene.

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