Orthodontics Market by Size, Share, Forecasts, & Trends Analysis
Meticulous Research®—a leading global
market research company, published a research report titled, ‘Orthodontics Market by Product (Clear
Aligners, 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.’
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According to this latest publication from
Meticulous Research®, the orthodontics market is projected to reach $30.2 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. In addition, the high growth of orthodontic
treatments in developing countries is expected to offer better growth opportunities
for market expansion. However, the high cost of orthodontic treatments is
expected to restrain the growth of this market to some extent.
Key Players
The key players profiled in the Orthodontics
market are 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: Future
Outlook
The global orthodontics market is 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 study also evaluates industry
competitors and analyzes their market share at the global and regional levels.
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Based on product, in 2023, the
removable braces 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 and the growing demand for customized clear
aligners in adults and children/teens.
Based on patient type, the orthodontics
market is segmented into children & teens and adults. In 2023, the adults
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 dental
aesthetics to boost self-esteem.
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.
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