Press release
Orthodontic Market to reach USD 8.97 Bn at a CAGR of 17.8 percent by 2030- Says Maximize Market Research
Orthodontic Market
Maximize Market Research, a leading Healthcare business consultancy and research firm has published a report on the "Orthodontic Market [https://www.maximizemarketresearch.com/market-report/orthodontic-market/186269/]". The global orthodontic market surged to USD 8.97 Billion in 2023. Forecasts suggest a robust growth trajectory, with a projected CAGR of 17.8% from 2024 to 2030, nearing USD 28.25 Billion. The factors driving this growth include heightened malocclusion prevalence, technological innovations, and rising demand for cosmetic dentistry. North America leads the charge and trailed by Europe and the Asia Pacific.
Orthodontic Market Scope and Research Methodology
Market Size in 2023: USD 8.97 Billion
Market Size in 2030: USD 28.25 Billion
CAGR: 17.8 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 229
No. of Tables: 135
No. of Charts and Figures: 192
Segment Covered: By Product, Accessories and Tools, Patient Group, and End User.
Regional Scope: North America, Europe, Asia Pacific, and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 20232030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs [https://www.maximizemarketresearch.com/request-sample/186269]
Orthodontic Market Research Methodology
The analysis of the Orthodontic market aims to identify investment areas, growth prospects, and leading vendors, helping clients understand competitors' strategies. It offers a comprehensive analysis of the competitive landscape and influencing factors using charts, tables, and infographics. The report provides an in-depth understanding of global market revenue, macroeconomic indicators, and governing factors, alongside market attractiveness for each segment. It projects the Orthodontic market's growth rate from 2024 to 2030 and examines the qualitative impact of market factors on segments and geographies. A SWOT analysis evaluates key players' strengths and weaknesses, while an examination of market drivers and restraints predicts their influence on the market.
Orthodontic Market Overview
The increasing prevalence of malocclusion and other orthodontic disorders, alongside advancements in orthodontic technology, drives market growth. Additionally, rising demand for cosmetic dentistry and higher disposable incomes contribute to the market's growth. North America leads the orthodontic market and followed by Europe and the Asia Pacific. In North America, market growth is fueled by the growing demand for orthodontic treatment, the adoption of advanced orthodontic products, and favorable reimbursement policies. These factors collectively enhance the region's market dominance and reflect a robust growth trajectory for the orthodontic industry during the forecast period.
Orthodontic Market Dynamics
The increasing prevalence of malocclusion worldwide is a major growth driver for the orthodontic market. Malocclusion, characterized by misalignment or incorrect positioning of teeth and jaws, affects millions globally. Contributing factors include genetics, environmental influences, and lifestyle habits like thumb-sucking or mouth breathing. Changes in dietary habits, such as increased consumption of soft and processed foods, also raise malocclusion cases. Additionally, as people live longer and retain their teeth into old age, the risk of developing malocclusion increases. This condition leads to various dental issues, including difficulty chewing, speech problems, and a higher risk of dental decay and gum disease.
Orthodontic Market Regional Insights
North America dominated the global orthodontic market in 2023 and leading in both value and volume. The United States and Canada are key contributors to this growth. Factors driving market growth include the increasing prevalence of dental disease, a rising geriatric population needing regular dental care, a well-established healthcare system, and the adoption of advanced technologies. The American Dental Association's promotion of oral health awareness, along with the rising adoption of cosmetic dentistry and 3D printing technologies, further supports market growth in North America.
Orthodontic Market Segmentation
By Product
* Brackets
* Fixed Brackets
* Brackets
* Bands & Buccal Tubes
* Archwires
* Others
* Removable Brackets
* Aligners
* Retainers
* Others
* Anchorage Appliances
* Bands And Buccal
* Tubes
* Miniscrews
* Ligatures
* Elastomeric Ligatures
* Wire Ligatures
* Archwires
* Stainless Steel
* Nickel Titanium
* Beta Titanium
* Other Archwires
* Orthodontic Adhesives
* Dental Cement
* Bonding Agents
* Other Adhesives
By Accessories and Tools
* Archwire cutters
* Pliers
* Ligature Directors
By Patient Group
* Adults
* Children
By End User
* Dental Clinics & Dental Laboratories
* Hospitals
* Others
The Dental Clinics & Dental Laboratories segment held the largest market share and dominated the global orthodontic market. Key factors driving growth include the increasing number of dental facilities globally and the widespread use of aesthetic dentistry in both small and large-scale dental offices. Additionally, the growth of dental clinics, particularly in developed countries, boosts market expansion. Public healthcare systems in industrialized nations provide adequate compensation for dentists, encouraging more professionals to enter the industry, thereby fueling the dental industry's growth to meet rising service demand.
Key Competitors include in the Orthodontic Market:
North America
* Ultradent Products
* Ormco Corporation
* G & H Orthodentics
* Dentsply Sirona
* Align Technology
* Sybron Dental Specialities
* 3D Systems
* 3M
* Henry Schein
* Great Lakes Dental Technologies
* OrthoFX
Europe
* W & H Dentakwerk
* Septodont
* FORESTADENT
* Scheu-Dental
* Straumann Group
Asia Pacific
* Kuraray Noritake Dental
* Shin Hung Company
* JJ Orthodontics
* Metro Orthodontics
* Modern Orthodontics
* Dentium
* Osstem Implant
Middle East & Africa
* AB Dental
* SA Aligner
Request a Free Sample Copy or View Report Summary:https://www.maximizemarketresearch.com/request-sample/186269
Key questions answered in the Orthodontic Market are:
* What is Orthodontic?
* What is the current growth rate of the Orthodontic Market?
* Who are the key players in the Orthodontic Market?
* What are the factors affecting growth in the Orthodontic Market?
* Who held the largest market share in the Orthodontic Market?
* What is the demand pattern for the Orthodontic Market?
* What are the opportunities for the Orthodontic Market?
* What are the strategies used by competitors in the Orthodontic Market?
* What are the growth prospects in developing countries for the Orthodontic Market?
* Which segment is expected to witness the fastest growth and why in the Orthodontic Market?
Key Offerings:
* Past Market Size and Competitive Landscape (2018 to 2021)
* Past Pricing and price curve by region (2018 to 2021)
* Market Size, Share, Size & Forecast by Different Segment | 20222029
* Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
* Market Segmentation - A detailed analysis by Orthodontic Type, Source, Application, and Region
* Competitive Landscape - Profiles of selected key players by region in a strategic perspective
* Competitive landscape - Market Leaders, Market Followers, Regional player
* Competitive benchmarking of key players by region
* PESTLE Analysis
* PORTER's analysis
* Value chain and supply chain analysis
* Legal Aspects of business by region
* Lucrative business opportunities with SWOT analysis
* Recommendations
Maximize Market Research is leading Healthcares research firm, has also published the following reports:
NLP in Healthcare and Life Sciences Market [https://www.maximizemarketresearch.com/market-report/nlp-in-healthcare-and-life-sciences-market/228435/]: The NLP in Healthcare and Life Sciences Market size was valued at USD 2.9 Billion in 2023 and the total NLP in Healthcare and Life Sciences revenue is expected to grow at a CAGR of 30% from 2024 to 2030, reaching nearly USD 18.2 Billion in 2030.
Hypertrophic Cardiomyopathy Treatment Market [https://www.maximizemarketresearch.com/market-report/hypertrophic-cardiomyopathy-treatment-market/236009/]: The Global Hypertrophic Cardiomyopathy Treatment Market size was valued at USD 1.31 Billion in 2023 and the total Hypertrophic Cardiomyopathy Treatment revenue is expected to grow at a CAGR of 3.10% from 2024 to 2030, reaching nearly USD 1.62 Billion by 2030.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Media Contact
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact Person: L Godage
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=orthodontic-market-to-reach-usd-897-bn-at-a-cagr-of-178-percent-by-2030-says-maximize-market-research]
Phone: +91 9607365656
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India
Website: https://www.maximizemarketresearch.com/market-report/orthodontic-market/186269/
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