Pune, India, April 04, 2022 (GLOBE NEWSWIRE) -- The US orthodontics market size is expected to rise from USD 3.76 billion in 2022 to USD 9.60 billion by 2029 at a CAGR of 14.3% during the projected period. Fortune Business Insights™ provides this information in a report titled, "U.S. Orthodontics Market, 2022-2029". As per the report, the market size was USD 3.23 billion in 2021. The market is anticipated to grow during the forecast period due to increasing demand for clear aligners and the rising number of patients seeking teeth crowding and spacing treatment.
Orthodontics is a branch of dentistry specializing in treating misaligned teeth issues. Orthodontics focuses on employing dedicated tools such as clear aligners and braces to correct the teeth structure of patients having crowding and spacing issues. The increasing demand for clear aligners and lingual braces among adults is expected to drive the market during the projected period.
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Industry Development:
- January 2021: Dentsply Sirona announced the acquisition of Byte, one of the fastest-growing clear aligner companies. As a result of this acquisition, Dentsply Sirona will improve its SureSmile clear aligner business and support its connection with dental professionals.
Clear Aligners Holds Dominant Market Share in the U.S.
By type, the market is bifurcated into braces and clear aligners. Further, braces are divided into traditional metal braces, ceramic braces, and lingual braces. Clear aligners are in traditional and direct-to-consumer types.
Based on age group, the market is segmented into adult and teenager.
According to the end-user, the market is segregated into dental/orthodontic clinics, direct to consumer, and others.
| Report Coverage | Details |
| Forecast Period | 2022-2029 |
| Forecast Period 2022 to 2029 CAGR | 14.3 % |
| 2029 Value Projection | USD 9.60 billion |
| Base Year | 2021 |
| Market Size in 2021 | USD 3.76 billion |
| Historical Data for | 2018-2020 |
| No. of Pages | 135 |
| Segments covered | Type, Age Group, End-User |
| Growth Drivers | Amid COVID-19 pandemic, the market grew during 2020 and observed slow growth rate in 2021. |
| Increasing Adoption of Clear Aligners and Other Similar Products to Drive Growth |
Halt on Non-Essential Treatments Amid Pandemic Restricted Market Growth
The outbreak of the COVID-19 pandemic created a mild impact on the U.S. orthodontics market growth due to decline in non-essential treatments and surgeries. Also, the halt on dentistry operations in this region affected the market growth. Furthermore, halt on manufacturing and production units affected the supply of essential apparatus required during the treatment, due to which the market growth was affected. These factors affected the market development and expansion during the pandemic.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/u-s-orthodontics-market-104039
Report Coverage:
The report holds insightful information regarding market development and recent trends in the industry. Also, the report sheds light on drivers and restraints affecting market growth along with recent developments in the market. Furthermore, the impact of COVID-19 pandemic on the regional market is highlighted in this report. A list of leading market players and their developments is highlighted, along with various company business growth strategies.
Rising Number of Adults Seeking Treatment to Propel Growth
The market is expected to exhibit higher growth during the forecast period due to increasing demand for orthodontic treatment among adults and teenagers. Also, the rising adoption of clear aligners is anticipated to propel growth during the projected period. Implementing the latest technologies such as machine learning and artificial intelligence allow companies to develop new products and attract maximum customers. These factors are expected to improve the U.S. orthodontics market share during the forecast period.
However, high costs associated with the treatment and lower awareness of the effects of malocclusion are likely to hinder the market growth.
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Regional Insights:
Technological Advancements in the U.S. to Maintain Regional Market Dominance
The market was valued at USD 3.23 billion in 2021 due to increasing demand for teeth alignment treatment among teenagers and adults. The market exhibited a rise of 26.4% in 2021 as compared to 2020. The rising implementation of advanced technologies in this region is expected to witness continuous dominance in the market.
Strategic Acquisition Allow Key Players to Improve Business Performance
Key market players focus on implementing various business development strategies such as forming strategic alliances, partnerships, mergers, and acquisitions. Also, developing and designing new products by adopting the latest technologies and applying innovative ideas allow companies to enhance their product portfolio. Furthermore, improving production rate allow key players to increase their supplies and ensure a high revenue generation rate.
List of Key Players Profiled in Market Report:
- Align Technology, Inc. (U.S.)
- SmileDirectClub, Inc. (U.S.)
- Institut Straumann AG (Switzerland)
- 3M (U.S.)
- Dentsply Sirona (U.S.)
- Henry Schein, Inc. (U.S.)
- ENVISTA HOLDINGS CORPORATION (Ormco Corporation) (U.S.)
- AMERICAN ORTHODONTICS (U.S.)
Table Of Content:
- Introduction
- Market Scope
- Market Segmentation
- Market Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Number of Dentists and Orthodontists in USA, 2018-2021
- Number of Orthodontic Procedures in USA, 2018-2021
- Prevalence of Dental Malocclusion in the U.S., 2021
- Pricing Analysis
- New Product Launches
- Reimbursement Scenario
- Technological Developments in Dental Braces & Clear Aligners
- Key Industry Developments (Mergers, Acquisitions and Partnerships)
- Average Price, By Therapy Type (2016-2021)
- Revenues and Aligner Shipments of SmileDirectClub in the U.S. market, 2018-2029
- Impact of COVID-19 on U.S. Orthodontics Market
- U.S. Orthodontics Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Braces
- Traditional Metal Braces
- Ceramic Braces
- Lingual Braces
- Clear Aligners
- Traditional
- Direct to Consumers
- Braces
- Market Analysis, Insights and Forecast – By Age Group
- Adult
- Teenager
- Market Analysis, Insights and Forecast – By End-User
- Dental/Orthodontic Clinics
- Direct to Consumer
- Others
- Comparative Analysis
- U.S. Market Share Analysis (2021)
- Company Profiles (Overview, Product Applications & Services, SWOT Analysis, Recent Developments, Strategies, Financials (Based on Availability))
- Align Technology
- SmileDirectClub
- Institut Straumann AG
- 3M
- Denstply Sirona
- Ormco
- Henry Schein
- American Orthodontics
- DB Orthodontics
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