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Orthodontics Market to be Worth $30.2 Billion by 2030
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According to this cutting-edge publication from Meticulous Research®, the orthodontics market is poised to achieve a remarkable valuation of $30.2 billion by 2030, reflecting a robust Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period. The driving forces behind this unprecedented growth include the widespread prevalence of malocclusion, the escalating integration of digital technologies in orthodontic treatments, and an increasing consumer demand for cosmetic dentistry procedures. Furthermore, the market's expansion is anticipated to be fueled by the surging demand for orthodontic treatments in developing nations, offering lucrative growth opportunities. Nevertheless, the high cost associated with orthodontic treatments is expected to present some constraints to market growth.
Key Industry Players
The Orthodontics market boasts a roster of key players that shape its trajectory, including industry leaders such as Align Technology, Inc. (U.S.), Institut Straumann AG (Switzerland), Henry Schein, Inc. (U.S.), Envista Holdings Corporation (U.S.), 3M Company (U.S.), DENTSPLY SIRONA Inc. (U.S.), American Orthodontics (U.S.), DENTRUM GmbH & Co.KG (Germany), Angelalign Technology Inc. (China), SmileDirectClub, Inc. (U.S.), Rocky Mountain Orthodontics (U.S.), Ultradent Product's, Inc. (U.S.), G & H Orthodontics (U.S.), TP Orthodontics, Inc. (U.S.), DB Orthodontics Limited (U.K.), Great Lakes Dental Technologies (U.S.), and Geniova Technologies, S.L (Spain).
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Orthodontics Market: A Glimpse into the Future
The global orthodontics market is intricately segmented into various categories, including 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 meticulously evaluates industry competitors, providing insights into their market share at both global and regional levels.
Product Insights
In 2023, the removable braces segment is anticipated to dominate the orthodontics market, driven by the high prevalence of malocclusion and an escalating demand for customized clear aligners in both adults and children/teens.
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Patient Dynamics
The orthodontics market is segmented into children & teens and adults, with the adult segment expected to capture the largest market share in 2023. This dominance is attributed to the widespread occurrence of malocclusion in children and the increasing emphasis on dental aesthetics for enhancing self-esteem.
End User Perspective
By 2023, the dental clinics & hospitals segment is projected to hold the largest share of the orthodontics market. Factors contributing to this segment's dominance include the rising prevalence of malocclusion, the emergence of dental clinic chains, and the widespread adoption of cutting-edge technologies for orthodontic procedures in clinics & hospitals.
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Geographic Landscape
The research report provides a thorough analysis of major geographies, encompassing North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Thailand, and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, UAE, and Rest of Middle East & Africa). North America is poised to secure the largest share of the orthodontics market in 2023, followed by Europe and Asia-Pacific. The U.S. is anticipated to be the primary contributor to North America's dominance, fueled by high healthcare spending, disposable incomes, aesthetic trends among teens and adolescents, and increased dental awareness.
Mr. Khushal Bombe
Meticulous Market Research Inc.
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