Number of pages: 100 | Report Format: PDF | Published date: October 04, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
The global orthodontics market was pegged at US$ 5.1 billion in 2021 and is expected to witness a CAGR of 16.30% during the forecast period.
Orthodontics deals with the treatment of teeth alignment and teeth extraction. Orthodontic treatment is a method of straightening or moving teeth to improve their appearance and help maintain the long-term health of teeth, gums, and jaw joints by distributing biting pressure evenly across all teeth. Orthodontics producers are also used for the aesthetical correction of teeth. When the teeth do not meet adequately, the jaw muscles are strained, resulting in the jaw and joint problems and headaches. Orthodontic treatment can assist in enabling even bite and reducing strain. Orthodontics includes many treatments, from retainers to clear aligners to invisible, metal, ceramic, and micro braces.
The global orthodontics market is mainly driven by the increasing prevalence of teeth malocclusion, social media influence, and awareness about orthodontic treatments. Additionally, technological advancements such as 3D CAD/ CAM technology, 3D dental printing, invisible/ clear aligners, and removable aligners are contributing to the growth of the global orthodontics market. Moreover, increasing research and development of dental alignment technology and investment in orthodontics are fueling the global market. However, negligible reimbursement policies, expensive surgical procedures, costly aligners, and a high risk of post-treatment complications are hindering the growth of the global orthodontics market.
The global orthodontics market has been analyzed from five perspectives: product type, end user, and region.
Orthodontics Market by Product
Based on product, the global orthodontics market has been segmented into instruments and supplies (fixed and removable). Supplies segment is leading the global orthodontics market. The supplies market is further segmented into fixed (brackets, bands & buccal tubes, arch wire, others) and removable (aligners, retainers). Removable orthodontic appliances capture a more significant market share in the global orthodontics market owing to convenience in usage whenever required, rapid rate of adoption compared to fixed metal braces, and ease in modifying treatment plans according to the progression of treatment. Additionally, the quick introduction of novel products, increasing demand for oral aesthetics, and increasing number of players are contributing to the growth of the global orthodontics supplies market
Orthodontics Market by End User
The global orthodontics market has been segmented based on end-users into hospitals, dental clinics, and others. The dental clinic segment dominates the global orthodontics market owing to higher patient footfall for dental diagnosis and treatment. The growing count of orthodontists and dental clinics and the integration of technological advancements such as the X-Guide 3D navigation system and CAD/CAM technology for the oral dental scan drive the market.
Orthodontics Market by Region
Based on region, the global orthodontics market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the global orthodontics market, followed by the Asia Pacific. The large share of North America in the global market can be attributed to the high adoption of novel products, increasing teeth malocclusion, and high disposable income. Additionally, technological advancement, developed infrastructure, and key players fuel the North American orthodontics market. The Asia Pacific is also expected to show exponential growth in the orthodontics market owing to increasing social media influence, increasing cases of malocclusion, and intensifying market penetration by key players.
Some of the prominent players operating in the global orthodontics market are
North America is the key growth region in the global orthodontics market.
The increasing technological advancement and investment in research and development of orthodontics aligners are driving the global market.
The high cost of aligners, expensive orthodontics procedures, and risks associated with orthodontic practice are restricting the growth of the global orthodontics market.
3M Company, Align Technology, Inc., American Orthodontics, DB Orthodontics Limited, Dentsply Sirona Inc, Great Lakes Dental Technologies, Henry Schein, Inc., Institut Straumann AG, Ormco Corporation, and Morelli Orthodontia are key companies operating in the global orthodontics market.
The latest key developments in the global orthodontics market are 3D CAD/ CAM technology, novel products, and 3D printing.
*Insights on financial performance is subject to availability of information in public domain