WASHINGTON, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Vantage Market Research analyses that the Orthodontics Market is expected to reach $ 13,213.30 Million by 2028, which is $ 5,285.10 Million in 2021, at a CAGR of 16.5% during the forecast period.
Orthodontics Market is the title of a new report from Vantage Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. The market analysis and insights included in the wide-ranging orthodontics market report present key statistics on the market status of global and regional manufacturers and is an essential source of guidance that provides the right direction to the companies and individuals interested in the industry. To prosper in this competitive marketplace, businesses are highly benefited if they adopt innovative solutions such as this market research report. This first-class report acts as a backbone for the success of business in any sector. The market drivers and restraints have been explained in the consistent orthodontics report with the use of SWOT analysis.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Vantage Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Market Overview
Orthodontics Market is a field in dental science that specializes in the diagnosis, prevention, and correction of mal-positioned teeth and jaws, and misaligned bite patterns. The Orthodontics Market consists of transparent aligners, brackets, elastics, ligation wires, Orthodontics Market appliances, mouth guards, and retainers for the treatment of dental problems such as crowded teeth, loss of spacing between teeth, growth deficiencies, excessive spacing, and malocclusions due to genetics. With the growing demand of ensuring good dental hygiene and oral health is increasingly, the market for Orthodontics Market procedures is growing rapidly. In addition, high incidence of malocclusion, increase in common dental disorders globally, increased use of dental care by ageing population, and rising demand for cosmetic dentistry operations will drive the growth of market during the forecast period. The rise in the number of Orthodontics Market problems such as crossbite, overcrowding, diastema, and influx have increased the demand for brackets substantially, which will drive the growth of the Orthodontics Market in the near future. Orthodontics Market brackets are made with several material types such as ceramic, metals, plastic or combination materials which are used for dental correction and commonly s misaligned teeth. This factor will contribute in the growth of market in future.
Moreover, the adoption of advanced imaging technology, adaption of technology and oral healthcare in the endodontics and Orthodontics Market industry and treatment planning software are further expected drive the market growth in the coming years. Increased market developments such as 3D printing technology which is used to create personalized dental devices and promotes essential oral wellness and quality of life for more experienced adults is estimated to further enhance the market growth during the forecast period. However, factors like poor dental care access in underdeveloped and developing nations, shortage of dental healthcare infrastructure in rural areas high cost of advanced Orthodontics Market treatments and limited reimbursement, side effects are expected to limit the growth of the global Orthodontics Market over the coming years.
List of Prominent Players in the Orthodontics Market:
- DB Orthodontics
- G&H Orthodontics
- Henry Schein Inc.
- Danaher Corporation
- 3M
- Unitek
- Align Technology Inc.
- Rocky Mountain Orthodontics
- American Orthodontics
- DENTSPLY International
For Additional Information on Orthodontics Market Players and Detail List, Download a Report PDF Brochure
Market Dynamics:
Drivers:
Increase in number of Teeth Malocclusion to Increase Demand for Orthodontics Market Products
Malocclusion is one of the most common oral problem, and ranked third among worldwide dental health disease problem. Malocclusion means having crooked teeth or a poor bite, where bite means the way the upper and lower teeth line up with each other. The rising number of cases of dental malocclusions worldwide is one of the factors for the Orthodontics Market growth during the forecast period. According to Align Technology, one of the major players in the industry, there are approximately 12 million cases of dental misalignment and malocclusion around the world seeking treatment in 2020. Many private and public organization have initiated prevention and awareness programs to address the increasing prevalence of malocclusions, which is expected to boost the demand for Orthodontics Market products over the coming years.
Ongoing advancement of technology in the products will drive the market.
The increasing use of dental 3D scanners and dental imaging has reduced the need for handwritten descriptions and aided in effective treatment planning with virtual images of the patient’s jaw, teeth, and mouth which is expected to drive the market growth in the near future. The introduction of technologically advanced diagnostic tools by manufacturers for the clinical diagnosis of oral health and detection of misaligned teeth has enhanced the treatment quality. Moreover, use of CAD/CAM & 3D technologies, IoT software and AI-based technologies with dental and Orthodontics Market techniques is driving the Orthodontics Market growth over the coming years.
Restraints
Expensive procedures might restrict market growth
The high costs associated with various treatment options is the major factors restraining the growth of market during the forecast period. With an increasing number of interests of patient populations for Orthodontics Market every year for various purposes, the concern associated with high treatment costs is the only reason for backing out of considerable amount of population. Treatment cost is based on type, length and location of treatment, age of the patient and the availability of dental insurance. With most of the insurance company in underdeveloped and developing countries not recognizing the need of Orthodontics Market surgery and classifying them as elective surgery will restrain the growth of the Orthodontics Market over the forecast period.
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Why Purchase the Report?
- Identify commercial opportunities in orthodontics market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of orthodontics market - level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
Target Audience
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
Regional Analysis
- The North America region accounted for the major market share of in the year 2021 and is anticipated to grow throughout the projected period due to factors such as growing elderly population, technical advancements in Orthodontics Market and increased insurance coverage of Orthodontics Market by insurance companies.
- Besides, Asia-Pacific region is expected to grow at a rapid pace due to factors like enhancing economic conditions, technological advancements in medical sciences, an increase in the number of affordable dental services, increasing young population, growing numbers of malocclusion problems and an increase in emergence of dental practice in the region. Moreover, increasing income and growing awareness on oral health are further expected to drive the growth of this regional segment in the coming years.
- The growth for the European Orthodontics Market is due to the rise in the aging population and rising incidences of oral diseases such as dental caries, periodontal diseases, tooth decay, and malocclusion. The oral diseases are increasing due to the Lack of proper oral hygiene and tobacco use; for instance, in 2019, 3.5 billion people are suffering from oral diseases, driving the growth for Orthodontics Market in the European region.
- The Middle East and Africa market is showing potential growth in the current period. Orthodontics Market treatment options are in high demand due to the aesthetic appeal as well as the treatment being considered as minimally invasive in nature which has further stimulated the demand for the Middle East & Africa Orthodontics Market over the forecast period.
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Global Orthodontics Market Segmentation
By Product Type
- Instruments
- Supplies
By End User
- Hospitals
- Dental Clinics
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Scope of the Report:
| Report Attributes | Details |
| Market Size in 2021 | USD 5,285.10 Million |
| Revenue Forecast by 2028 | USD 13,213.30 Million |
| CAGR | 16.5% from 2022 to 2028 |
| Base Year | 2021 |
| Forecast Year | 2022 to 2028 |
| Key Players | DB Orthodontics, G&H Orthodontics, Henry Schein Inc., Danaher Corporation, 3M, Unitek, Align Technology Inc., Rocky Mountain Orthodontics, American Orthodontics, DENTSPLY International |
Customization of the Report:
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