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Europe Orthodontics Market to be Worth $8.76 Billion by 2030
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According to the latest findings by Meticulous Research®, the Europe orthodontics market is anticipated to achieve a valuation of $8.76 billion by 2030, showcasing a robust CAGR of 14.2% during the forecast period. The market's growth is underpinned by factors such as the prevalent occurrence of malocclusion, the increasing integration of digital technologies in orthodontic treatments, and heightened awareness surrounding dental disorders. Additionally, a surge in the demand for aesthetic and cosmetic dentistry presents lucrative opportunities for market expansion. Nevertheless, challenges like the absence of reimbursement policies for orthodontic treatments and the substantial cost associated with such procedures pose obstacles to market growth.
Key Players
Prominent players shaping the orthodontics market landscape include Align Technology, Inc. (U.S.), Institut Straumann AG (Switzerland), Envista Holdings Corporation (U.S.), 3M Company (U.S.), DENTSPLY SIRONA Inc. (U.S.), DENTRUM GmbH & Co.KG (Germany), SmileDirectClub, Inc. (U.S), TP Orthodontics, Inc. (U.S.), DB Orthodontics Limited (U.K.), and Geniova Technologies, S.L (Spain).
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Europe Orthodontics Market: Future Outlook
The Europe orthodontics market is intricately segmented by Product [Removable braces {Clear Aligners, Retainers}, Fixed braces {Brackets (Metal Brackets, Aesthetic Brackets), Archwires (Stainless Steel, Nickel Titanium, Beta Titanium, and Others), Anchorage Appliances, Ligatures}, Other Orthodontic Products {Bands & Buccal Tubes, Bonding & Adhesives, Wire Accessories & Springs, and Other Accessories}], Patient type [Children & Teen, Adults], End User [Dental Clinics & Hospitals, Dental Laboratories, Research Institutes], and Geography. The report thoroughly evaluates industry competitors and scrutinizes their market share at the country level.
In 2023, the removable braces segment is projected to dominate the orthodontics market, driven by the high prevalence of malocclusion and the surging demand for customized clear aligners in both adults and children/teens.
The adults segment is expected to hold the largest market share in 2023, attributed to the high prevalence of malocclusion and an increased emphasis on dental aesthetics for enhancing self-esteem.
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The dental clinics & hospitals segment is poised to lead the market in 2023, owing to factors such as the rising prevalence of malocclusion, the emergence of dental clinic chains, and the widespread adoption of new technologies in orthodontic procedures. The accessibility of dental clinics and hospitals, facilitated by the abundant availability of dentists, further contributes to the segment's significant market share.
Geographic Review
The research report provides a comprehensive analysis of major geographies within Europe, including Germany, France, the U.K., Italy, Spain, Switzerland, Denmark, Sweden, Netherlands, and the Rest of Europe. Germany is anticipated to command the largest share of the Europe orthodontics market in 2023, driven by high healthcare spending, disposable income, aesthetic trends among teen and adolescent populations, and increased dental awareness.
Mr. Khushal Bombe
Meticulous Market Research Inc.
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