Redding, California - February 28, 2023
Orthodontics Market to be Worth $29.9 Billion by 2030
Orthodontics Market by Product (Clear Braces, Fixed Braces {Brackets, wires [Nickel, Titanium] Anchorage, Ligatures}, Bonding, Adhesives, Springs, Tubes, Bands) Patient (Teen, Adult) End User (Hospital, Clinics, Research)—Global Forecast to 2030
Meticulous Research®—a leading global market research company, published a research report titled, ‘Orthodontics Market by Product (Clear Braces, Fixed Braces {Brackets, wires [Nickel, Titanium] Anchorage, Ligatures}, Bonding, Adhesives, Springs, Tubes, Bands) Patient (Teen, Adult) End User (Hospital, Clinics, Research) - Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the orthodontics market is projected to reach $29.9 billion by 2030, at a CAGR of 14.6% during the forecast period. The high prevalence of malocclusion, the increasing adoption of digital technologies for orthodontic treatments, and the growing demand for cosmetic dentistry are the factors driving the growth of this market.
Orthodontics Market: Future Outlook
The orthodontics market is segmented by product (removable braces {clear aligners and retainers}, fixed braces {brackets [metal brackets and aesthetic brackets], archwires [stainless steel, nickel titanium, beta titanium, and other archwires], anchorage appliances, ligatures}, Other Orthodontic products {bands & buccal tubes, bonding & adhesives, wire accessories & springs, other accessories}), patient (children & teen and adults), end user (dental clinics & hospitals, dental laboratories, and research institutes) and geography. The study also evaluates industry competitors and analyzes their market share at the global and regional levels.
Based on product, in 2023, the fixed braces segment is expected to account for the largest share of the orthodontics market. This segment is further subsegmented into brackets, archwires, anchorage appliances, and ligatures. The large market share of this segment is attributed to the high prevalence of malocclusion and the lower cost of fixed braces compared to removable braces.
Based on patient type, the orthodontics market is segmented into children & teens and adults. In 2023, the children & teens segment is expected to account for the largest share of the orthodontics market. The large market share of this segment is attributed to the high prevalence of malocclusion in children and the increasing focus on self-appearance and aesthetics among the teen and adolescent populations.
Based on end user, in 2023, the dental clinics & hospitals segment is expected to account for the largest share of the orthodontics market. Factors contributing to the large market share of this segment include the increased prevalence of malocclusion, emerging chains of dental clinics, and the high adoption of new technologies for orthodontic procedures by clinics & hospitals.
Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of 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).
In 2023, North America is expected to account for the largest share of the orthodontics market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest market in North America. High healthcare spending, high disposable incomes, trends of aesthetic self-appearance in teen and adolescent populations, and dental awareness contribute to the large share of this market.
Key Players
The key players operating in the Orthodontics market are Institut Straumann AG (Switzerland), Zimmer Biomet Holdings, Inc. (U.S.), Envista Holdings Corporation (U.S.), Align Technology, Inc. (US), 3M Company (US), G&H Orthodontics (US), DENTSPLY SIRONA Inc (US), Ultradent Products, Inc. (US) Great Lakes Orthodontics, Ltd. (US), DB Orthodontics (UK), Angelalign Technology Inc (China), DENTAURUM GmbH & Co. KG (Germany), and TP Orthodontics, Inc. (US), Rocky Mountain Orthodontics (U.S.), and Geniova Technologies, S.L (Spain).
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Key questions answered in the report-
- Which are the high-growth market segments in terms of product, material, end user, and region/country?
- What was the historical market for the orthodontics market across the globe?
- What are the market forecasts and estimates for the period 2023–2030?
- What are the major drivers, restraints, challenges, opportunities, and trends in the global orthodontics market?
- Who are the major players in the global orthodontics market?
- How is the competitive landscape, and who are the market leaders in the global orthodontics market?
- What are the recent developments in the orthodontics market?
- What are the different strategies adopted by the major players in the orthodontics market?
- What are the geographical trends and high growth regions/countries?
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