Meticulous Research® – leading global market research company published a research report titled “Orthodontics Market by Product (Removable, Fixed Braces (Brackets (Metal, Ceramics), Archwire (Beta Titanium, Stainless Steel), Anchorage Appliances, Ligature, Retainers), by Patient (Children and Teen, Adult) and Geography-Global Forecast to 2023″.
According to this latest publication from Meticulous Research®, the global orthodontics market is expected to grow at a CAGR of 11.7% from 2018 to reach $6,035.0 million by 2023. The growing number of dentists, increasing prevalence of malocclusion, and growing awareness about advanced orthodontic treatments are the key factors driving the growth of this market. In addition, adoption of advanced imaging modalities and treatment planning software are further expected to increase the number and quality of orthodontic treatments which in turn will drive the market growth. On the other hand, the high cost of advanced orthodontic treatments and limited reimbursement is expected to hinder the growth of this market.
The global orthodontics market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2023-by product (removable, fixed braces (brackets (metal, ceramics), archwire (beta titanium, stainless steel), anchorage appliances, ligature, retainers), by patient (children and teen, adult). The study also evaluates industry competitors and analyzes the market at a regional and country level.
On the basis of product, removable braces commanded the largest share of the global orthodontics market. Also, this segment is expected to grow at the highest CAGR during the forecast period. The largest share and high growth rate are mainly attributed to the growing adoption of invisible braces in developed countries and a growing number of orthodontic treatments in emerging countries. In addition, a decrease in prices of clear aligner has further expected to drive the adoption of removable braces, especially in emerging countries.
On the basis of the patient, children and teen accounted for the largest share of the orthodontics market. The large share and high growth of this market is mainly attributed to the growing adoption of invisible braces among teens in developed countries, increasing adoption of orthodontic treatment, and growing number of orthodontists across the globe.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Spain, France, Italy, Germany, U.K., and RoE), Asia-Pacific (China, India, Japan, and RoAPAC), Latin America, and Middle East & Africa. North America accounted for the largest share of the orthodontics market in 2017. Growth of this market is mainly attributed to the growing adoption of invisible braces, increasing adoption of orthodontic treatment, and growing number of orthodontists along with increasing number of general dentists offering orthodontic treatment. The Asia-Pacific orthodontics market is expected to grow at a highest CAGR of xx% by 2023 with the large patient pool seeking orthodontic treatment, increasing the number of dentist and dental clinics, and expanding the presence of key players in this region.
The major players operating in the global orthodontics market are Align Technology, Inc. (US), 3M Company (US), and Danaher Corporation (US), G&H Orthodontics (US), (US), Straumann AG (Switzerland), Dentsply Sirona Inc (US), Ultradent Products, Inc. (US) Great Lakes Orthodontics, Ltd. (US), DB Orthodontics (UK), and Dental Morelli Ltda. (Brazil), DENTAURUM GmbH & Co. (Germany), and TP Orthodontics, Inc. (US) among many others.
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