Orthodontic Supplies Market to Hit 8.9+% CAGR and Projected 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 2018, the global orthodontic supplies market is expected to be dominated by North America, followed by Europe.
Pune, India – April 25, 2018 /MarketersMedia/ —
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.
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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.
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
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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Product launches and enhancements are the key growth strategies adopted by major players to strengthen their position in the global orthodontic supplies market. 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.
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%
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.
Connect for More Details for Discount and More Information “Orthodontic Supplies Market by Product (Removable, Fixed Braces (Brackets (Self Ligating, Lingual), Archwire (Ni-Ti, Stainless Steel), Anchorage (Buccal Tube, Band), Ligature (Elastomeric, Wire)), Retainers), Patient, and Region – Global Forecast to 2023” report at http://www.reportsnreports.com/contacts/discount.aspx?name=411286 .
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. 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
Release ID: 336547
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