Press release
Southeast Asia Orthodontics Market Set to Surpass $435.1 Million by 2030
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According to this insightful publication, Meticulous Research® forecasts that the Southeast Asia orthodontics market will reach a substantial valuation of $435.1 million by the year 2030, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 16.7% during the forecast period.
Market Dynamics: The robust growth of the Southeast Asia orthodontics market is primarily driven by several factors, including the burgeoning popularity of dental tourism, a high prevalence of malocclusion, technological advancements in dentistry, increasing adoption of digital technologies for orthodontic procedures, and a rising awareness regarding oral hygiene among the population. However, challenges such as the high cost of orthodontic treatments and limited reimbursement policies pose hurdles to market expansion. Nevertheless, opportunities arise from the growing demand for customized aligners and the implementation of teledentistry and teleorthodontics.
Key Insights:
• The report identifies key challenges such as budgetary restrictions and a lack of awareness regarding orthodontic treatments, which impede market growth.
• Noteworthy trends include the growing demand for customized aligners and the integration of teledentistry and teleorthodontics for enhanced patient care.
• The future outlook of the Southeast Asia orthodontics market is meticulously analyzed, encompassing product segmentation, patient types, end-users, and country-wise projections.
Market Segmentation:
• Product Categories: Removable Braces, Fixed Braces, and Other Orthodontic Products.
• Patient Types: Children & Teen, Adults.
• End Users: Dental Clinics & Hospitals, Dental Laboratories, Research Institutes.
• Country: In-depth analysis of individual Southeast Asian countries.
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Key Projections:
• In 2023, the removable braces segment is expected to dominate the market, fueled by the high prevalence of malocclusion and the increasing demand for customized clear aligners in both adults and children/teens.
• The adult segment is anticipated to hold the largest market share in 2023, driven by a growing focus on dental aesthetics, increased adoption of clear aligners, and a rising demand for aesthetic dentistry.
• Dental clinics & hospitals are projected to be the major end users in 2023, attributed to increased promotional activities for clear aligners, emerging dental clinic chains, and the adoption of advanced orthodontic technologies.
• Singapore is expected to register the highest CAGR during the forecast period, driven by rising out-of-pocket expenditures for orthodontic treatments, government initiatives promoting awareness, growing trends of aesthetic appearance, and increased awareness of dental hygiene.
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Key Players: Leading participants in the Southeast Asia orthodontics market include Align Technology, Inc., Institut Straumann AG, Henry Schein, Inc., 3M Company, DENTSPLY SIRONA Inc., DENTRUM GmbH & Co.KG, Envista Holdings Corporation, Koden, Inc., SmileDirectClub, Inc., Innobrace Orthodontics Pte Ltd, ClearSmile Asia Pte. Ltd., Tomy International, Inc., Ultradent Products, Inc., and TP Orthodontics, Inc.
Mr. Khushal Bombe
Meticulous Market Research Inc.
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