Orthodontic Supplies Market by Brackets, Stainless Steel, Self Ligating, Buccal Tube to Reach US$ 6.63 Billion by 2023
Geographically, Orthodontics supplies market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2019, the global orthodontic supplies market is expected to be dominated by North America, followed by Europe.
Pune, India – March 29, 2019 /MarketersMedia/ —
Orthodontic supplies market is anticipated to experience a major development and a significant growth rate in the coming future. Growing occurrence of oral diseases and technologically developing orthodontic products are likely to be some of the major aspects driving the demand and popularity of orthodontic supplies.
The orthodontic supplies market is classified into fixed braces, removable brace, adhesives, and accessories (headgear and retainer). In 2018, the fixed braces product segment accounted for the largest share of the market, however, the removable braces product segment is expected to grow at the highest CAGR during the forecast period.
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The global orthodontic supplies market is projected to reach USD 6.63 billion by 2023 from USD 4.32 billion in 2018, growing at a CAGR of 8.9% from 2018 to 2023. Key factors driving the growth of this market include the growing number of patients with malocclusions, jaw diseases, tooth decay/tooth loss, and jaw pain; expanding middle-class population in developing countries coupled with increasing disposable incomes; and ongoing research and technological advancements in orthodontic products.
#Table of Content
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Orthodontic Supplies Market, By Sales Channel
8 Orthodontic Supplies Market, By Type of Application
9 Orthodontic Supplies Market, By Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
The orthodontic supplies market is segmented into children and teenagers and adults. The adults patient segment is estimated to witness the highest growth during the forecast period owing to factors such as the increasing demand for invisible braces among adults due to aesthetic concerns.
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In the global orthodontic supplies market, the Asia Pacific and North America are projected to outperform while developing with their individual growth drivers. North America is expected to have the largest market share, with the U.S. being the bigger contributor as compared to Canada. In addition, strategies such as partnerships and collaborations; mergers and acquisitions; and expansions were also adopted by several market players to remain competitive in the market.
Key Stakeholders
• Orthodontic product manufacturers, vendors, and distributors
• Venture capitalists and other government funding organizations
• Healthcare service providers (including hospitals and dental & orthodontic clinics)
• Research laboratories
• Academic institutes
• Market research and consultancy firms
• Government and independent regulatory authorities
Some of major market players in orthodontic supplies market are Align Technology, Inc. (US), 3M Company (US), and Danaher Corporation (US), Henry Schien, Inc. (US), DENTSPLY SIRONA, Inc. (US), American Orthodontics (US), Rocky Mountain Orthodontics (US), G&H Orthodontics (US), DENTAURUM GmbH & Co. (Germany), TP Orthodontics, Inc. (US), Clear Correct (a subsidiary of Straumann Holding AG, Switzerland), Ultradent Products, Inc. (US) Great Lakes Orthodontics, Ltd. (US), DB Orthodontics (UK), and Dental Morelli Ltda. (Brazil), among others.
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The report forecasts the revenue of the market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The orthodontic supplies market report profiles key players who are involved in the manufacturing and commercialization of orthodontic products and analyzes their core competencies.
Break-up of primary participants was as mentioned below:
• By Company Type – Tier 1–33%, Tier 2–46% and Tier 3–21%
• By Designation – Director Level–20%, C-level–26%, Others–54%
• By Region – North America–33%, Europe–29%, AsiaPacific–24%, RoW–14%
The global orthodontic supplies market is categorized, in terms of product, in which the fixed braces division is expected to hold the highest market share in the global market, primarily owing to its precision and efficacy in curing the irregularities in dental composition. The report also tracks and analyzes competitive developments in the market such as product launches and enhancements; mergers and acquisitions; partnerships and collaborations; and expansions.
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Source: MarketersMedia
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